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Schneps Media �� APARTMENTS
FOR RENT
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herein is subject to the
Federal Fair Housing Act,
which makes it illegal to
advertise "any preference,
limitation or discrimination
because of race, color,
religion, sex, handicap,
familial status, sexual
orientation or national origin,
or intention to make any
such preference, limitation
or discrimination." We will
not knowingly accept any
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which is in violation of the
law. All persons are hereby
informed that all dwellings
advertised are available on
an equal opportunity basis.
�� HOUSES FOR RENT
111 West Main
Street
Canajoharie NY
Exit 29 Thruway
Two Story Brick
Townhouse
With Off street
parking and
Large backyard
block away from
World Famous
ARKELL Museum
Perfect live/work,
Low Price
Gateway to
ADIRONDACK
Park
Perry
917-747-8580
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from Physicians Mutual Insurance Company.
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dental50plus.com/nypress
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Rider. Product not available in all states. Acceptance guaranteed for one
insurance policy/certificate of this type. Contact us for complete details about
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Rider kinds B438/B439 (GA: B439B).
6255
�� HERE’S MY CARD
Alex Stewart
Roofing and Waterproofing
Roof Repairs
Gutters
Interior & Exterior Paint
License number 1406876
�� COMMERCIAL REAL ESTATE FOR RENT
NOHO DISTRICT
Manufacturing Space for Lease
Ideal for service, industrial.
No retail or office uses.
Only uses permitted under
zoning district M1-5B
636 Broadway 7972 SF,
cellar only
$239,160 annual basis ($30/sqft)
Call: V. Trager 212-254-7701
WHY PAY MORE?
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Real Estate
Rents down, but
NYC remains
most expensive
FILE PHOTO
June 17, 2021 25
BY DEAN JAMIESON
Even after a year of crisis, departure,
and decline, New York City remains
the most expensive city in the area,
according to a new report from Zumper.
“New York City was the most expensive
market, with one-bedrooms priced at
$2,530,” read the report, which aggregates
last month’s active listings and then analyzes
them to fi nd the median rate. Fort
Lee, at $2,520, came second – but only by
$10.
Although New York City’s rent remains
the highest, its decline, compared
to that of neighboring cities, has been
precipitous; at 14%, New York City and
Hoboken both shared the largest year-byyear
decline. These two cities’ urbanity,
which made them more a viral risk, paired
with their relative wealth – both are in the
area’s top-fi ve most expensive markets –
may have been the cause of this, as more
affl uent residents could afford to fl ee to
more rural and suburban locales during
the pandemic.
This shift is clearly refl ected in Zumper’s
numbers: Long Branch and Hackensack,
two cities in eastern New Jersey, saw their
median rents jump a stunning 15.9% and
14.7% in the past year, respectively, an
amount proportionate with the drops in
nearby Hoboken and New York City. Nonetheless,
the gap, though closing, remains
wide: New York City’s rent remains, on
average, $500 more than that of Hoboken’s.
As such, for lower- and middle-income
residents, options across the Hudson and
above the City remain the most affordable:
Jersey City and Yonkers remain around the
New York State’s median of $1,874, while
rents in East Orange, at $1,330, represent
the area’s lowest.
Although rents in the City continue to
go down, and those in the nearby suburbs
continue to increase, we can expect this
trend to slow, as the pandemic wanes, and
more people return to the City. Already,
this can be seen in the numbers, as New
York City’s rents, after months of slide,
begin to tick slowly upward.
To see the full report, visit zumper.com.
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