GimmeShelterNYC
NEW YORK CITY RENTAL INCOME REQUIREMENT
Owners require that prospective tenants earn anywhere from 42 to 52 times the monthly rent. Combine income spouses acceptable.

            for example:

RENT  42 X  50 X  52 X 
$800-$900  34K-38K  40K-45K  42K-47K 
$1000-$1200  42K-50K  50K-60K  52K-62K 
$1200-$1500  50K-63K  60K-75K  62K-78K 
$1500-$1800  63K-75K  75K-90K  78K-94K 
$1800-$2200  76K-92K  90K-110K  94K-114K 
$2200-$2500  92K-105K  110K-125K  114K-130K 

If for any reason, you cannot meet income, employment, or credit requirements, you may have a guarantor sign your lease with you, and that individual will be responsible for all aspects of the lease if you default. A guarantor will have to have an annual income requirement of at least 80X the monthly rent, and reside in the USA. Some landlords may require 100X the monthly rent and/or residency or business in New York, New Jersey or Connecticut.

A guarantor could be your father, relative or friend. 


Never An Obligation!
For Free advise or to answer any of your questions
CALL CHARLES LABOZ @ 212-444-7854 Cell: 917-734-5570
Chl@Corcoran.com
Licensed Real Estate Professional-Member of REBNY
President / GimmeShelterNYC and Senior Associate / The Corcoran Group

Site Designed  by Chas. Laboz.Webmaster@2000