Submitted by i-am-a-name t3_102rarz in jerseycity
jeffsnguyen t1_j2v2mpz wrote
I would not pay broker's fee in JC. Sometimes you have to do it in NYC for desirable locations + rent stabilization (which is the hardest selling point). Unless you are dead set on a place for a few years, even 1 month broker's fee is non-trivial on a single lease.
1.5 months refundable deposit is not the norm, most place requires $1000.
1st month rent + $1000 deposit is the standard that I would stick to.
NCreature t1_j2v47x8 wrote
Yea and with all the incentives right now there's a good chance it could be less than that. I've seen as low as $500 deposit and one or two months off (usually the first two full months) recently. Jersey City is not New York City. You shouldn't be paying a broker fee there unless you're trying to get something super specific. Most of the newer buildings are managed buildings especially downtown, Newport, Journal Square and Paulus Hook areas. Those are typically simple to move into. Much more like what you're used to elsewhere. Similar with Edgewater or Weehawken or the new developments in Bayonne.
Be careful with your movers though. The NYC area is notorious for movers jacking up extra costs for availability of truck parking, walk-ups, distance the truck has to park from your place, availability of an elevator (I've seen companies charge because they had to use an elevator which is crazy). Assume at least $1000 in contingency for stupid fees. I know one company that charged extra because they tried to take the Pulaski Skyway which doesn't allow trucks and had to be diverted onto surface streets. (The only way in and out of JC is either toll roads or the skyway).
Also if you're bringing a car, Jersey City is much much cheaper to park than Manhattan but not cheap. The surface lot on Montgomery and Marin near city hall I found deals for $180 because of an internet special (but it's uncovered which sucks when it snows) but you could easily be in the $250-$350/month range to house your car (which is still half of what it costs in Manhattan or Brooklyn). Also beware the tolls are ridiculously expensive so learn the surface streets and trying to drive into Manhattan via the Holland Tunnel will cost a small fortune. PATH train is your friend so the closer you are to a station or a ferry the better. The ferries are awesome and my favorite way to get across, however they are expensive. $8 one way which is almost triple what the New York ferries cost.
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