Someone had offered $750 over asking, she wrote, adding a little frowny emoji. A post about a Financial District one-bedroom with in-unit laundry seemed promising, so Carly wasted no time reaching out: She pleaded her case in DMs, but the woman who had posted the apartment on behalf of her boyfriend - he was going backpacking for the summer, she said - said the room was already gone. A spot in a cramped two-bed in Chelsea asking $2,300 a month per room that had no AC, no in-building laundry, and a roommate who worked from home full time had dozens of people swarming it within an hour of its going up. So she quickly turned to Facebook groups with names like Young Females: New York City, NYC-Apartments, Sublets, Roommates and Sweats and the City: New York City Apartments, looking for a lease takeover or an open room. She didn’t think she was asking too much.Įarly efforts on StreetEasy proved pretty useless short-term leases were basically nonexistent. Maybe even within walking distance to the intern bars she’d heard about. Robert Straube, a broker at Bond New York who specializes in relocation to the city for both short- and long-term rentals, seemed to only be half-joking when he told me that, when approached during peak season, unless a client has an “enormously huge sum” to spend on a place, “I tell them I can’t help them and feel no remorse about it.” Carly, instead, had a budget of $1,800 and aspired to live in the East Village - somewhere small with a roommate, easy access to the subway for her commute to midtown. Average rental prices saw a record high this past May, reaching $5,379 according to the Elliman report median rental prices rose to $4,395. Summer is already the city’s most competitive, and expensive, rental season. True to the college experience, finding an apartment becomes its own kind of hazing ritual. The obscenities of the market, familiar as they may be to a more seasoned tenant, often come as a shock to someone looking to live in, say, Fort Greene for three months. But for those going it alone with a stipend and a prayer, things can get disorientingly rough. Others might have an aunt in Montclair or an older brother in Bushwick they can stay with through August. The resulting hierarchy stacks roughly as follows: The lucky ones are either already from here or have housing provided by their temporary employer - a Citadel intern I talked to was put up at the Olivia, spending his summer with access to a luxury gym and a 24-hour concierge. Thousands of interns join the city workforce every June, ready to do what it takes to get that return offer. Then she was introduced to New York City’s summer housing market. “ Things are going to be okay.” That feeling lasted for about a month. She was relieved. “ The biggest weight is lifted,” she remembers thinking. After weeks of applications and multiple “superdays” - part final-round interview, part endurance challenge for finance interns and junior-analyst hopefuls - she secured an internship at a major bank’s Manhattan office. Photo-Illustration: Curbed Photos: GettyĬarly had survived recruitment season (her name has been changed for this story).
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