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Finding a Small Space

April 21, 2011
With so many requests on how to find your own small space (since I found mine through 
a friend), I asked a local real estate broker for some advice. 

Nataliya Bari-Fullerton had this to say:

"If you don’t want to use a broker, word of mouth is best. Talk to local business 
owners as they may own the building, too. The older the business, the higher the 
probability the apartments above are theirs. It may require a lot of searching, 
but it can be done. Sometimes going door to door can really pay off. If you’re not interested
in navigating the market yourself, contact a broker and let them know exactly what you 
are looking for. We do have inexpensive spaces in coveted neighborhoods, but most of the
time a small space won’t photograph as well so its chances of being advertised are slim. 
Best bet is to find a broker you trust and be completely open! Our job is to find you what 
you are looking for – whether it is a 90sqft loft studio, or a Classic Six on Riverside Drive. "

If you'd like to contact Nataliya, her email is: nbari@ccrny.com

I will continue to add tips on finding small spaces as I get them.
Good luck!
Felice
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3 Comments
  1. Leah permalink

    Thanks for sharing! These are great tips. Do you happen to know how much she changes to find apartments?

    • Hi Leah,
      I asked Nataliya, the broker, what she charges. She said: “The standard broker fee for New York City is 15% of the annual rent. With some listings owners will pay a portion of the fee to bring costs down for their tenants but if it’s an apartment that’s very inexpensive, the landlord likely won’t be willing to cover any of it. Given vacancy rates are back to historic lows in the city, landlords now know if one applicant isn’t willing to pay a brokers fee, another applicant will. An ethical brokerage will never charge or keep a fee if the client changes their mind about an apartment. Be wary of brokerages that push you to sign a commission agreement without allowing you the time to read it.”

      Hope it helps!
      felice

  2. Leah permalink

    I mean charges

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