Sales Market

No-Fee Rental Building of the Week

By A. Ready  | November 1, 2010 - 1:17PM

If you're the type to want your recreational opportunities close at hand, The Ohm may be the rental building for you. As the NY Times reported earlier this year, The Ohm, located at 11th Avenue and 30th Street, not only provides a freshly minted place to live, it appeals to those for whom music is a religion and like having twice-monthly music events in their atrium. This is not a building marketed to older tenants with children, but if you're an unencumbered 20- or 30-something, it could be a fun place to unpack your bags for a couple of years.

Another reason you may want to consider The Ohm: The building is currently offering two months free rent on some units, and will pay your broker's fee. Which is fortunate, because the rent isn't exactly cheap: An alcove studio listed on UrbanEdgeNY is available for $2,750, one bedrooms range from $3,275-5,650, while two bedrooms will set you back $7,200-7,800 a month.  On the positive side of the balance sheet, the trek to the nearest subway may make your gym membership obsolete.

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