Concession Alert!

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This 2,000-square-foot three-bedroom, two-and-a-half-bath loft at 44 Trinity Place in the Financial District has been listed for 122 days. Originally offered at $6,500 per month in October, it has found no takers despite offering one month free rent, and was substantially reduced on January 27 to its current asking price of $4,950 a month, below its October 2009 asking price of $4,995. The fully renovated loft has a private keyed elevator, washer/dryer and central air conditioning. (

Concession Alert! rounds up some of the latest rental concessions offered by NYC landlords. But it's not the only place to find deals. To search for rental concessions on, click on "advanced search," check the box "description includes" and type in the words "free rent."  For tips on how to find a no-fee apartment, check out our Guerrilla Guide series.