Adobe Intern Community Guide - New York City

EXPLORE NEW YORK CITY

© 2020 Dwellworks, LLC

New York City Community Guide

Table of Contents WELCOME TO NEW YORK CITY..…………………………………3 Congratulations on Your Internship with Adobe! What to Know About Renting in New York City New York City At-a-Glance EXPLORE………………………………………………………………4 Manhattan Brooklyn Queens New Jersey RENT……………………………………………………………………5 Dwellworks Select Solutions Interncoach™ Powered by Dwellworks Travelers Haven Additional Resources SETTLE…………………………………………………………………8 Leasing Tips Transportation Hospitals and Emergency Services Shopping Local Attractions Nightlife

© 2020 Dwellworks, LLC

New York City Community Guide

WELCOME TO NEW YORK CITY

CONGRATULATIONS ON YOUR INTERNSHIP WITH ADOBE! We are so excited you will be joining us soon. New York City is an amazing and diverse community with tons of activities to do and places to see. There are so many perks to living in the heart of New York – access to new people, culture, food and technology but with that comes the challenge of finding affordable housing. Rental home and apartment prices tend to be high in New York City, so we recommend finding a roommate/housemate to split the cost of housing and utilities. Figure out where you want to live and get started on the search as early as you can. We have compiled some information together for you to help get you oriented with your internship location. We wish you luck in your housing search! WHAT TO KNOW ABOUT RENTING IN NEW YORK CITY New York City is one of the most populous and culturally diverse cities in the world. From its origins as a trading post in the new world, The City is at the heart of the global financial markets, commerce, diplomacy, and media activities. An efficient mass transit system makes NYC easily accessible. New York City consists of five distinct boroughs that are each made up of many smaller unique neighborhoods. Both residents and visitors to New York can find all the dining, recreation, cultural activities and shopping to match any taste. It truly is “the city that never sleeps”. The biggest challenge when it comes to finding an apartment in New York is identifying the best neighborhood and getting a reasonable rate. As of the end of 2018, the average rent for an apartment increased by 9.54% year-over-year and apartments can get very expensive in certain neighborhoods.

NEW YORK CITY AT A GLANCE

CONSIDERATIONS

FINDINGS

COMMENTS

Housing Availability

Low

Vacancy rate is under 1%

Tenant Paid Real Estate Fees

Yes

15% of total first year’s rent

Typical Lease Length

12-24 Months

Typical Security Deposit

1-2 Months

Due to extremely low vacancy rate. Lease breaks are negotiable after one year of multi-year lease

Early Termination Clauses

Limited

Negotiation of Lease Terms

Low

Usually limited to rent and lease term negotiations

© 2020 Dwellworks, LLC

New York City Community Guide

EXPLORE

MANHATTAN Manhattan is broken into three geographic sections: Uptown, Midtown, and Downtown. The most affordable neighborhoods are in the far upper east and west sides: Washington Heights, Harlem, and Inwood. Monthly subway cards can be purchased, and most people can get to work within 35 minutes. Options in Manhattan mostly consist of apartments and condos, many of which are in high-rise buildings. Rental prices in Manhattan are very expensive, and inventory is low. BROOKLYN One of NYC’s larger boroughs, Brooklyn lies to the east of Manhattan Island across the East River. Brooklyn has grown into one of the trendiest places to live in New York City. It has seen the birth of many new trends in pop culture like the indie rock and rap scene, hipster subculture, and artisanal food movement. There are also many quality museums and historic landmarks. Brooklyn is expanding rapidly with many new high-rise apartments being built. It is a popular choice among commuters, due to its close proximity to Manhattan, and rental prices reflect that. QUEENS Queens is the largest and second most populated of all the boroughs and lies adjacent to Brooklyn on the western side of Long Island. It is known as being the most ethnically diverse urban area in the world; there is a strong immigrant population and over 100 different languages are spoken in the borough. It also houses many cultural institutions catering to different tastes. Homes in Queens are a mix of apartments and single-family homes. Neighborhoods farther away from Manhattan have more single-family homes, while closer neighborhoods are primarily apartments. Properties in Queens have a lower price tag and more square footage than those in Brooklyn or Manhattan. NEW JERSEY With ample public transport, many people who work in NYC choose to live in New Jersey cities like Hoboken and Jersey City. The commute time is about the same, however, commuters will either need to take the NJT (New Jersey Transit) into the city and then a subway to their office, or, depending on location, a NJ bus then a subway to their office New Jersey has a wide mix in housing from high-rise apartments to huge houses, depending on the area. The area is comparable in price with Brooklyn and Queens. Housing inventory is low due to its appealing proximity to New York City.

© 2020 Dwellworks, LLC

New York City Community Guide

RENT

DWELLWORKS SELECT SOLUTIONS COST: FREE

Dwellworks assists more than 30,000 relocating employees annually with a customer focus unique among destination and rental services providers. Our size, experience, and investment in sophisticated market data tools allows us to bring detailed, specific customer expectations to real estate agents, landlords, and developers and negotiate favorable terms for the premium renters we represent. Through Dwellworks partnership with Altair and Adobe, we are pleased to offer this service FREE for all 2020 interns! Our team will present well-matched properties based on your needs and desired specifications. Other choices are available in the market, but only Dwellworks Select Solutions properties will be guaranteed to deliver the pre-negotiated terms and value.

FAVORABLE TERMS

GREATER FLEXIBILITY

SIMPLIFIED PROCESS

• Discounted/Waived Fees and Deposits

• Month-to-Month Options

• Pre-approval for Dwellworks Renters

• Flexible Lease Length Terms

• Discounted Furniture Rental

• Employment letter in lieu of US Credit History

• Inclusion of Early Termination Clause

• All Utilities Included

*Actual terms and discounts vary by location; availability is not guaranteed

If you’re interested in Dwellworks Select Properties and would like to receive a listing of properties, please email us at adobeinterns@dwellworks.com or visit our website at www.dwellworks.com for information on any of Dwellworks other services.

© 2020 Dwellworks, LLC

New York City Community Guide

INTERNCOACH™ POWERED BY DWELLWORKS COST: $300 USD

Interested in a little more support to find the right place or for settling-in to your new location?

InternCoach™ offers support for interns to connect with an in-market area rental consultant who will provide them with market insights and local guidance to help navigate solutions for their short-term housing needs. The coaching focus will be on providing area education with emphasis on safety, public transportation, realistic rent ranges, recommending communities and/or neighborhoods to target based on worksite location/budget, and helping to source available housing options with short term lease lengths.

If you’re interested in Dwellworks Interncoach™ program and would like to talk to a member of our team, please email us at ds@dwellworks.com or visit our website at www.dwellworks.com .

© 2020 Dwellworks, LLC

New York City Community Guide

TRAVELERS HAVEN COST: VARIES BASED ON LOCATION/PROPERTY TYPE

Travelers Haven has partnered with Adobe and Dwellworks to assist with your temporary living accommodations during your internship.

Travelers Haven is one of the largest and fastest-growing corporate housing companies in the country, specializing in affordable, short-term accommodations for interns and other temporary stay residents. Our services include fully furnished apartments, 24/7 support, roommate matching and a dedicated account manager to better assist you in every step of the housing process. And, as an added bonus, we’re offering a $50 pre-paid gift card when you book with us!

ROOMMATE MATCHING

24/7 SUPPORT

FULLY FURNISHED

Click on the link - Travelers Haven - to view properties, fill out a housing request form and fill out a roommate matching form. After submission, your dedicated account manager will be in contact with you to assist with housing options, pricing, roommate information and additional details. We look forward to having you as our guest!”

ADDITIONAL RESOURCES

Prior to your start date, Adobe’s University Talent Team will share access to a Slack workspace called “Intern On-boarding 2020” specifically for our interns in the US. The goal of using this Slack workspace is for interns to connect socially, find out about places to live in the area, and find roommates.

For access to additional resources or to learn more about Dwellworks other rental assistance programs, please visit us at www.dwellworksdirect.com.

© 2020 Dwellworks, LLC

New York City Community Guide

SETTLE

LEASING TIPS - In a competitive rental market, bring a completed rental application - including all necessary documentation - and a check for security deposit when visiting the property - Ask if the landlord offers any favorable terms for your employer - Come prepared with enough funds to pay for the first month of rent, plus the deposit amount. Deposit requirements vary, but can be equal to one-month rent (or more) - Be extra diligent when reviewing the lease from a private landlord. Unlike large apartment complexes, which generally have well established agreements, private landlords may be less experienced and may include unfavorable or unrealistic clauses - Ask a family member, friend, or colleague to come along with you on the move-in inspection to have an extra set of eyes

BE THOROUGH Be sure to review the lease! -

Rules about landlord access and your privacy

- -

Any maintenance required of tenant

Payment of utilities (typically tenant-paid)

BE PREPARED Many landlords and property management companies have very strict requirements for prospective tenants. Qualifying can at times be challenging and a bit frustrating. Most landlords will require some combination of these documents: - Identification - Letter of employment - Recent pay stub - Copy of your credit report BROKER FEE The New York market is very unique in that available rentals are often listed with a real estate agent or broker and working with that listing agent to secure the rental property makes you their client. The landlord does not pay the broker fee to the agents for helping you with your apartment search. Paying the broker fee is the responsibility of you the tenant. The customary broker fee charged in New York City is 15% of the total first year’s rent. - For example, $4000 x 12 = $48,000 x 15% = $7,200 broker fee - The broker fee is paid to the broker the day of the lease signing

© 2020 Dwellworks, LLC

New York City Community Guide

TRANSPORTATION Transportation in New York City can be a little daunting at first, but just remember to stand your ground for that spot on the subway, raise your hand high for the taxi rushing by, and wear your comfortable shoes. As most know, New York City relies on its public transportation to get around town, and the surrounding areas. Amtrak trains, The New York Subway and Bus systems, ferries, biking, and taxis are popular ways to get around in the city with walking being the most popular. New York and the surrounding boroughs are serviced by three airports, which are some of the busiest in the country. New York City also has the busiest train station in the country, Grand Central Terminal. Metropolitan Transit Authority The Metropolitan Transit Authority , or MTA, serves 12 counties in New York along with two in Connecticut. With its extensive commuter train lines, bus routes, subway lines and bridges and tunnels the MTA transports nearly 11 million people each week. Complete information can be found by clicking the link above, including fares, schedules, parking, and additional information. Subway The New York Subway is well known as one of the most popular forms of transportation in the city. With 10 lines traveling into all corners of the city, the subway provides transportation for most of the Tri-State area. The MTA website provides the most up to date information and most accurate maps for all subway lines. Buses With more than 25 fixed routes serving nearly every neighborhood and communities in the five boroughs, the MTA bus system provides fast and economical service to employment centers, hospitals, shopping centers and many other attractions. Bus routes and travel information can be found on the MTA website. Ferries The island of Manhattan is surrounded by water and many residents choose to travel to other parts of the city via Ferry. The New York City Department of Transportation is in charge of the many Ferry lines in the metropolitan area. Taxis Travel by car or taxi has always been a popular way to get around the city. Numerous companies provide taxi services in the Tri-State area. Commute Alternatives The Commuter Alternatives Program helps you find inexpensive, stress-free and environmentally-friendly ways to get to work. Some examples are listed below and may vary by your office location. - Up to $150 per month Commuter Checks for vanpools and transit systems. (Interns will be provided with a Commuter Check MasterCard with a Transit Value of $350 to be used during their internship.) - Secure bicycle parking - Emergency Ride Home Program - Shuttle van between Adobe campus and public transportation - Special rates for ZipCar membership - Adobe Yearly transit pass provided at no cost - After you start your Adobe internship, you will also have access to the Adobe Fond program, which gives U.S. Adobe employees exclusive preferred pricing on over 850 products, services and experiences, including rental cars

© 2020 Dwellworks, LLC

New York City Community Guide

HOSPITALS AND EMERGENCY SERVICES Numerous hospitals and emergency care centers serve New York City and its surrounding neighborhoods. From large, public clinics, to smaller establishments, care is never out of reach in New York City. This includes, but is not limited to, options such as: - New York-Presbyterian Hospital - NYU Langone Medical Center - Mt Sinai Hospital Urgent Care Facilities For urgent, but not life-threatening, medical concerns that occur after-hours, or cannot wait for an appointment with a regular physician, urgent care centers can be found throughout the area: - CityMD - New York Doctor’s Walk-In Urgent Care

Many urgent care centers are open from the early morning until late in the evening during the week, and also maintain weekend and holiday hours.

SHOPPING New York City offers some of the best shopping options in the world. There is a shop for everything and everyone, selling the most unique goods, food and the most fashionable clothing. Below is a small offering of what you can find in New York City, also known as the global shopping capital.

5th Avenue https://visit5thavenue.com/

Blocks and blocks of non-stop shopping makes 5th Avenue a staple in the shopping world. From high-end boutiques and jewelers to department stores and international brands, 5th Avenue will have what you are looking for. Perfect for window shopping or just looking for that perfect bag or dress, 5th Ave. has you covered.

SoHo www.nycgo.com/articles/soho-shopping

The neighborhood of SOHO is known for its unique culture, art galleries and shopping. High-end retailers and creative designers have all opened shops in SoHo making it one of the most popular locations for the fashion forward.

Grand Central Terminal www.grandcentralterminal.com

Grand Central is known for more than just its amazing ceiling and transportation, it has one of the best food courts in the city and some very unique shops and stores. No matter if you are looking for a tasty bite on your way into town, or grabbing something quick on your way out, Grand Central is both convenient and unique.

Century 21 www.c21stores.com

Known as New York’s premier off-price retailer, Century 21 is an excellent place to hunt for great deals on designer clothes, shoes and accessories. With multiple locations each with multiple stores, you can easily get lost in the search at Century 21.

© 2020 Dwellworks, LLC

New York City Community Guide

LOCAL ATTRACTIONS

Metropolitan Museum of Art www.metmuseum.org Founded in 1870, the Metropolitan Museum of art has many different forms of art in their galleries and put on many different events and exhibitions.

Brooklyn Museum of Art www.brooklynmuseum.org

The Brooklyn Museum, housed in a 560,000-square-foot, Beaux-Arts building, is one of the oldest and largest art museums in the country. It houses world-renowned, permanent collections that range from ancient Egyptian masterpieces to contemporary art and represent a wide range of cultures. Madison Square Garden www.thegarden.com The world’s most famous arena in the heart of New York City, the Garden hosts NBA basketball, NHL Hockey, concerts, and theatre productions to name just a few. Visit their website for a calendar of events. New York City's Theater District, called the Great White Way, is contained within a thin strip of Manhattan, from 53rd to 42nd streets, between 6th and 8th Avenues. There are approximately 36 theaters crammed into this small area of the city, most of which host world famous productions nightly. Coney Island http://coneyislandfunguide.com New York City’s largest amusement park, it is also home of the world-famous Coney Island Cyclone. Theatre District www.ny.com/theater/on-broadway/theaters.html

New York Yankees / New York Mets http://newyork.yankees.mlb.com http://newyork.mets.mlb.com New York City’s professional baseball teams.

New York State Parks www.nycgovparks.org

New York's diverse landscape depicts the history and culture of this country through stories of immigrants entering America, the nation’s only site dedicated to a first lady, the reliving of life in the 18th and 19th centuries, memorials to those who led and fought in battles, historical figures, and the early beginnings of the feminist movement.

NIGHTLIFE Feeling adventurous? Here are some recommendations from our local destination consultants.

If you’re looking for a night out, www.nycgo.com/things-to-do/nightlife has options for just about anything you can think of. If food is what you’re after, try Northern Territory , one of NYC’s many rooftop restaurants, and indulge in an Aussie- style meat pie or sausage and fries plate. Enjoy some food while overlooking the city’s famous skyline. Before you go anywhere, you should try the famous corned beef or pastrami sandwich from Kat’z Delicatessen , a New York City staple. Stop by Spicy Village for flavorful and spicy dishes with a home-cooked feel to them. Also, NYC is known for having the best pizza and bagels, so be sure to try Di Fara Pizza for a classic New York-style pizza or Russ & Daughter’s shop for a delicious bagel sandwich.

© 2020 Dwellworks, LLC

New York City Community Guide