“The landlord sent us their availability and when we saw the price point for the location we knew we had to go see it. Believe it or not, before the virus this building was usually at full occupancy. While COVID has affected occupancy and pricing, there are still tons of people looking to move. This past November, usually one of the slowest months of the year, had a record number of leases signed,” Cameron and Tatum explained.

It’s no secret that New York is one of the most expensive cities in the entire world. According to the duo, for context, “to qualify for an apartment, tenants are expected to make 40X the monthly rent on an annual basis.” Mind-boggling? Mind-boggling!

“This apartment is very inexpensive for NY. However, it is ‘The Worst Apartment’ because it’s not a good deal compared to other options in the city that are just a couple hundred more,” the co-founders of the New York City Realtor TikTok account said, also sharing some great advice on where to get a bargain. “The further north, the better the value. So the Upper East Side and Upper West Side will get you the most bang for your buck. Outside of Manhattan, parts of the other boroughs like Brooklyn and Queens can be more affordable.”

While New York apartments tend to be far smaller than in the rest of the US and other parts of the world, this particular apartment was the smallest one that Cameron and Tatum have ever seen.

“The location is the main reason the apartment is priced as expensive as it is, given the size. NY is a densely populated city with incredibly high demand.”