how much for an Ivory Tower address

February 17, 2012 10:28 AM

What are current rental rates (or rate ranges) for NYU and Columbia faculty housing?

Any info on studio / 1BR / 2BR / 3BR, from this year or as recently as possible, would be appreciated!

posted by taramosalata to Education (10 answers total)

"The price of apartment rentals are set by the university and are way below market rates (around 50%)."
posted by zippy at 10:32 AM on February 17, 2012

Response by poster: Thanks; have found various reports of like vagueness but seek hard numbers!
posted by taramosalata at 10:36 AM on February 17, 2012

I know of a small, high floor, one bedroom in Washington Square Village that went for around 1700 last year.
posted by kestrel251 at 11:25 AM on February 17, 2012

You can get some ballpark info by looking at the sublets for Columbia Faculty Housing here, because the conditions of the subletting include that:

"The requested monthly rent under the terms of the sublease may not exceed by more than 10% the monthly rent under the lease with Columbia University. Sublets which specify a rent exceeding this amount will not be approved, and listings for such units will be removed immediately from the Columbia Web site without notification to the tenant."

posted by Jahaza at 11:44 AM on February 17, 2012 [1 favorite]

I have a friend living in Columbia faculty housing on Riverside Dr in a small one-bedroom for $1,700.
posted by CharlieSue at 1:47 PM on February 17, 2012

Columbia faculty apartments are priced according to the rank of the faculty who inhabit them. Junior faculty pay far less than tenured faculty on average. A 2BR in a Columbia building is around $1800-2000 for an untenured professor. About 15% higher for tenured.
posted by spitbull at 5:58 PM on February 17, 2012

(I think NYU is similar in setting rents in relation to salary. The standard post-tenure raise at either place is around 15-20%, for comparison.)
posted by spitbull at 5:59 PM on February 17, 2012

The post-doc in our lab has lives in faculty housing. She pays $1000/month for a studio.
posted by tickingclock at 6:25 PM on February 17, 2012

Oh, we are at NYU.
posted by tickingclock at 6:25 PM on February 17, 2012

Response by poster: Thanks to all responses so far. More welcome, esp. for 2BRs and above. If you'd prefer to shoot me a MeFi Mail instead of posting here, I'd be very grateful, too!
posted by taramosalata at 8:20 AM on February 18, 2012