New York may be the biggest city in the world, but when it comes to finding accommodation, it’s quickly becoming the worst.
A TikTok video, which has gone viral with some 1.1 million views and almost 93,000 likes, shows the crisis tenants are now facing when looking for a new apartment.
The clip shows an unidentified real estate agent trying to take a selfie with dozens — yes, dozens — of candidates who showed up for a recent open house in Greenpoint, Brooklyn. There appear to be around 50 people gathered on the sidewalk outside the entrance to the building – a crowd so large that not everyone seems to fit into the officer’s photo frame for the shot .
“New York!” jokes one person caught in the fray, while another lets out a laugh.
The video caption offers more details.
“New York real estate agent takes a selfie with apartment applicants because he’s never seen so many people for an open house in 17 years,” wrote the uploader, identified by the Independent as being Sarah.
Viewers were quick to share their thoughts, very few of which were positive.
“It’s actually so devastating,” wrote one, while another said, “I wish [have] just walked away. But the one that captures the most essential: “I’m afraid to start looking for a new place,” said another.
Tenants looking for a new apartment face a brutal market these days – a far cry from last spring, when a number of local tenants struck deals to live in upgraded units.
Across Manhattan, Brooklyn and parts of Queens — and not including the Bronx or Staten Island — less than 10,000 units are up for grabs, according to the latest numbers from Douglas Elliman. Additionally, one in five rental units in Manhattan alone have entered a bidding war, driving up asking prices even further — putting units out of some renters’ budgets.
February figures from Douglas Elliman showed that in Manhattan nearly 20% of all listed rentals entered a bidding war, a far cry from 0.9% in February 2021. In Brooklyn it was 19 % of all rentals, down from 0.7% the previous February. – and in northwest Queens, that share rose from 0.3% to 9.3% over the same period.
New York Post