Washington Square News, March 9th, 2018.

Washington Square News, March 9th, 2018.

Where To Find Your Next Apartment

by Carol Oliveira, March 9th, 2018.


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Where to Find Your Next Apartment

Quoted- Michael Jeneralczuk, CEO and founder of Undorm, a real estate company for students, understands how essential affordable housing is.

“Money is important,” Jeneralczuk said. “No matter what financial background you come from.”

Recently, Undorm’s NYU clients have been going to Midtown for cheaper rent. With some good deals in Murray Hill and Hell’s Kitchen, students have been finding apartments going for $1,300 a month per roommate, according to Jeneralczuk.

Quoted- “Last month, we had three students that had a budget of about $700 each, and they really wanted to have their own rooms,” Jeneralczuk said. “They ended up getting a really nice place in Lower East Harlem for $2,100.”

Jeneralczuk says these neighborhoods have changed, and now accommodate more students than before. As groups such as college students, young adults and non-family households begin considering these places as options due to growing prices downtown, those neighborhoods’ original populations are being pushed away — a process known as gentrification.