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James Finelli | The Finelli Team at Compass
110 5th Ave, 3rd Floor, New York, NY 10011
james.finelli@compass.com · (516) 859-1484

© 2026 The Finelli Team. All rights reserved.

Required notices

Disclosures

Brokerage identification, fair-housing notices, agency disclosure, and data-source attribution for The Finelli Team at Compass. Full documents are linked throughout.

New York required notices

NYS Fair Housing NoticeProtections under federal, New York State, and New York City law — including lawful source of income.Read the notice →Standard Operating ProceduresCompass's published procedures under Real Property Law § 442-h — identification, buyer representation, pre-approval.Read the procedures →NYS Agency DisclosureWho an agent works for in New York, and when a representation agreement begins (DOS-1736-f).Read the disclosure →

Brokerage & Equal Housing

The Finelli Team is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.

The Finelli Team at Compass · 110 5th Ave, 3rd Floor, New York, NY 10011 · (516) 859-1484

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Full disclosures →

Fair Housing & Anti-Discrimination

Federal, New York State, and New York City law prohibit discrimination in the sale or rental of housing. Protected characteristics include race, creed, color, national origin, citizenship or immigration status, sexual orientation, gender identity or expression, military status, sex, age, disability, marital status, status as a victim of domestic violence, lawful source of income, and familial status. We do not discriminate on the basis of lawful source of income, including housing vouchers.

  • New York State Housing and Anti-Discrimination Notice (Department of State) — read the notice
  • New York State Division of Human Rights — dhr.ny.gov
  • New York City Commission on Human Rights — nyc.gov/cchr
NYS Fair Housing Notice →

Standard Operating Procedures

Pursuant to New York Real Property Law § 442-h, Compass publishes its standardized operating procedures for prospective purchasers. The procedures cover whether identification is required, whether a buyer representation agreement is required, and whether mortgage pre-approval is required. Read Compass’s New York Standard Operating Procedures.

Full SOP page →

Agency Disclosure

New York law requires real estate licensees to provide the New York State Disclosure Form for Buyer and Seller at first substantive contact, and to obtain a signed acknowledgment. Review the disclosure form. We will provide the form and ask for your acknowledgment before we represent you.

Full agency disclosure →

Reasonable Accommodations

Prospective tenants may request reasonable accommodations or modifications. Read the New York State Division of Human Rights notice.

Accommodation notice →

Listing & IDX Disclosures

Listing information is provided by the REBNY RLS and is deemed reliable but is not guaranteed accurate. Data is for consumers’ personal, non-commercial use. Property photographs belong to the listing broker or photographer and may not be reproduced without written permission. If your property is currently listed with another broker, this is not a solicitation.

Data Sources & Attribution

Public records on this site come from NYC Open Data — including ACRIS property records, PLUTO/MapPLUTO lot data, and Department of Buildings datasets. Listing information is provided by the REBNY RLS and Compass.

Some pages use public data — including ACRIS, PLUTO/MapPLUTO, and other NYC Open Data sets — and third-party services. That data is provided “as is” without warranty of accuracy, completeness, or timeliness. It is not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.

  • Listing information is deemed reliable but is not guaranteed accurate by the MLS. Prices and availability change without notice.
  • Public records may be stale, incomplete, or inaccurate. They are not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.
  • Most pages refresh within minutes; some datasets (assessments, neighborhood statistics, tax rates) refresh on a slower schedule.
Data Policy →

Calculators & Estimates

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it.

Our calculators and any value estimates are informational only. They are not an appraisal, a comparative market analysis, or an offer of credit. Actual rates, fees, and costs vary.

Terms of Use →

Disclosures effective September 29, 2026. The effective date on each full document reflects the current version.

Privacy PolicyTerms of UseDisclosuresData PolicyFair HousingSOPAgency DisclosureAccommodationsAccessibility

Rental Cost Calculator

How this is calculated

NYC landlords typically require annual income of at least 40 times the monthly rent. This calculator breaks down the true cost of moving in — including broker fees, security deposits, and application fees — so you know exactly what cash you need on hand.

Upfront = Rent + Deposit + Broker Fee + Fees

The 40× rent rule means your annual gross income must be at least 40 times your monthly rent. This is the standard income threshold most NYC landlords and management companies use to qualify applicants.

Rental Details

$
mo
$3,500
%

Usually $0 — under NYC’s FARE Act the landlord’s broker can’t charge you. Enter a rate only if you hired your own broker.

$0 — No fee
$
$

Upfront Cost

$7,020cash needed
First Month's Rent
$3,500
Security Deposit
$3,500
Broker Fee
$0
Application Fee
$20
Move-In Fee
$0
Annual Income Required
$140,000
Monthly Income Required
$11,667
Total First-Year Cost
$45,520

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it.

Calculations provided by The Finelli Team at Compass — NYC real estate experts who turn numbers into neighborhoods. For personalized guidance, reach out at jamesfinelliteam.com.

Find a place that fits the numbers

Budget is the floor, not the ceiling. An agent can match you with neighborhoods and buildings where the math works — and negotiate when it doesn't.

Talk to an agent about renting

Renting in New York City asks for more cash up front than almost anywhere else. This calculator totals your move-in costs — first month's rent, security deposit, broker fee, and application or move-in fees — and checks the 40× rent income rule NYC landlords use.

What do you need to pay to move into an NYC apartment?

Expect several payments at signing: the first month's rent, a security deposit (usually one month), any broker fee you have chosen to take on, and application or move-in fees. Add them together and that is the cash you need on hand.

What is the 40× rent rule?

Most landlords and management companies require annual gross income of at least 40 times the monthly rent. For a $3,000 apartment that means roughly $120,000 a year. A guarantor or a larger deposit can sometimes bridge the gap.

Is the broker fee always one month?

Not anymore. Since June 2025, NYC's FARE Act bars a landlord's broker from charging you a fee — you pay a broker only if you hired one yourself. Many rentals are no-fee; if you choose to use your own broker, the fee is usually a percentage of the annual rent. Enter whatever applies to you, or zero.

Is the security deposit refundable?

Yes — it is held and returned at the end of the lease, minus any lawful deductions. It is still cash you need at signing, which is why it belongs in your upfront total.

Frequently asked questions

How much cash do I need to move into an NYC rental?

It depends on the building, but plan for the first month's rent, a security deposit (usually one month), any broker fee you have chosen to take on, and application or move-in fees. This calculator totals them into one upfront number.

What is the 40× rent rule?

Most NYC landlords require annual gross income of at least 40 times the monthly rent — so a $3,000 apartment needs about $120,000 in annual income.

Are broker fees always one month's rent?

No — and the rules changed in June 2025. Under New York City's FARE Act, a landlord's broker cannot charge you a fee; you only pay a broker you chose to hire yourself. Many listings are now no-fee, and if you do hire your own broker the fee is usually a percentage of the annual rent. Enter whatever amount actually applies to you, or zero.

Do I pay the deposit and the first month separately?

Usually yes. The security deposit is held and returned, while the first month's rent goes to the landlord — both are cash you need at signing.

Last reviewed October 2026. General information only, current as of the review date above — not tax, legal, financial, or lending advice. New York City and New York State rules, rates, and thresholds change and are sometimes under legal challenge. Confirm every figure with your attorney, accountant, or lender before you rely on it.

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