The Faculty Housing Office is a comprehensive housing resource for University faculty. The office works directly with the Deans, faculty, senior staff and other University constituents on all housing matters. The office assigns housing units, sets lease terms, manages residential facilities and construction, and oversees homeownership programs.
Rental properties for eligible faculty members
NYU owns and manages a portfolio of 2,100 apartments in large and mid-sized buildings in the Washington Square neighborhood. Most faculty members reside in either Silver Towers or Washington Square Village, two large residential complexes located south of Washington Square Park.
Riverwalk Condominiums on Roosevelt Island
All NYU employees are eligible to purchase a luxury condominium at Riverwalk Landing Condominiums on Roosevelt Island. Eligible affiliates living in University rental housing may also obtain additional financial assistance to purchase at Riverwalk.
Points Reimbursement Program
The Benefits Office also offers the Points Reimbursement Program for eligible faculty and staff, which reimburses first mortgage origination fees for new homebuyers. If you are interested in this program please contact your HR representative.
The Client Service Center (CSC) is open to receive work requests by phone or email 7 days a week from 8:00 a.m. to 8:00 p.m., except University holidays. In addition, you may use the website 24 hours a day, 7 days a week for routine maintenance work requests. CSC will dispatch all routine maintenance work requests received after hours or during University holidays the next business day.
Important Contact Information:
For Fire or Life Safety emergencies: 911.
For Urgent Requests (such as water leaks and heat outages) please contact your building’s Front Desk, if applicable, or the nearest NYU doorman.
For all routine maintenance work orders, contact the FCM Client Service Center:
Academic Year Sublets
All academic year sublets must be approved by the University and the apartment must be made available to University affiliates before being offered to the non-affiliate market. If you wish to sublet your apartment during the academic year, please submit your information via the web. If we cannot find an acceptable match within 7 business days, you are free to find your own subtenant.
Sublet Search Service for Current Tenants
The University has unveiled a new, streamlined allocation process for faculty members on approved leave or sabbatical wishing to sublet their apartment during the academic year. Faculty members will receive 110% guaranteed rent and additional improvements to their apartment when they participate in the program. ELIGIBILITY NOTE: The incentives offered by this program are only for faculty members on approved leave or sabbatical and the apartment must first be subleased by the subtenant's school on behalf of a visiting faculty member. Summer/winter holiday sublets and sublets negotiated privately without the assistance of an NYU school are not eligible for the incentives (more information).
Summer/Winter Holiday Sublets
Tenants wishing to sublet during the summer/winter holiday may identify a subtenant without first notifying the University. However, as stated in all NYU leases, tenants are only allowed to sublet their apartment for periods longer than 30 consecutive days. Moreover, the rent charged by a tenant to a subtenant may not exceed the tenant’s rent plus a 10% surcharge for a furnished apartment. Once you secure a subtenant for the summer/winter holiday, it is required that you submit a copy of the sublease to the Faculty Housing Office for review and approval.
In 2007, the University adopted a policy of setting rental rates to meet the twin objectives of providing the best possible value to NYU affiliates while minimizing the University's financial loss in the housing portfolio. Over the previous decade, there had been marked increases in housing operating costs that were not reflected in rental rates, creating a large deficit. The new policy thus established a decade-long goal of making NYU rental housing self-sufficient.
Each apartment’s rental rate is based on a variety of features including, but not limited to, the number of rooms, the size of the rooms, and location of the apartment. Rents are compared among similar apartments within NYU faculty housing to determine parity. Visit the Current Residents page for a more detailed policy document.
To help our affiliates who have been unduly burdened by the recent economic downturn, the University unveiled a new hardship rental policy in 2009. To ensure parity, this policy will continue through the June 2011 lease renewal cycle. Under this policy, rental rates will be adjusted so that they do not exceed 35% of a household’s gross income. Those who believe that they may be eligible for this rent ceiling should contact the Faculty Housing Office; they will be asked to provide satisfactory documentation of income for all family members over 18 years of age living in the apartment (i.e., tax returns). Visit the Current Tenants page for more detailed policy documents.
Faculty members interested in faculty housing must contact their school’s Dean. The Faculty Housing Office cannot process requests directly from faculty members. Dean’s offices evaluate whether a faculty member qualifies for Faculty housing based on University Policy and priorities. Once a faculty member’s eligibility is determined, the Dean will submit the housing request to the Faculty Housing Office. Housing requests received our office are then reviewed by a committee comprised of members of the University’s leadership. Since there is not enough faculty housing to meet demand, housing resources are primarily reserved for full-time tenured and tenure line faculty. Housing is also intended only as a primary residence.
For a detailed description of the University's housing policies and goals, please review the Provost's Statement of Policy on Faculty Housing. This policy describes the University’s explicit priorities for new housing assignments, established to best utilize our limited housing resources.
A request for a housing change must be submitted by your Dean. If your request is approved, you will be shown an alternate apartment and can decide if you would like to move. There is often a significant wait for apartments, please be patient.
All requests for renovations must be submitted to the Faculty Housing Office. Each request will be carefully reviewed on an individual basis. Please note that if unauthorized changes are made, you will be responsible for restoring the apartment to its original condition before moving out.