New York City Luxury Rental Blog

Reports Suggest Tight Rental Market Ahead for Manhattan

Tue, 05/14/2013 - 3:48pm

Reports Suggest Tight Rental Market Ahead for Manhattan

Well, this bit of news will come as no surprise to those of you who have been following this blog: rents for apartments in Manhattan have risen again, and this trend is expected to continue as summer comes to New York City. The latest rental market report from Douglas Elliman put the median rent of a Manhattan apartment to be at $3,195 per month, which is an increase of 6.5 percent from its value a year ago in April.

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Only 40 Apartments Remaining at 27 on 27th in Long Island City

Thu, 05/09/2013 - 4:03pm

Apartments available for rent at 27 on 27th in Long Island City

While there’s already been a lot of talk about 27 on 27th, it seems that New York City’s real estate enthusiasts can’t get enough of this new luxury development in Long Island City. This gleaming tower in Court Square had made quite a splash when it entered the market in January, and it seems to be continuing on its winning streak—reports now claim that 102 of the building’s 142 units have already been rented.

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New York Yankee Ichiro Suzuki Moves to Harlem

Mon, 05/06/2013 - 3:40pm

New York Yankee Ichiro Suzuki Moves to Harlem

If you’ve ever had doubts about how good the luxury residential options available in Harlem are, then this celebrity endorsement of the neighborhood should be able to put your mind at ease. Baseball star Ichiro Suzuki is going to be the newest resident of this historic neighborhood: according to The New York Post, the Yankees outfielder has decided to rent the fantastic six-bedroom penthouse at 111 Central Park North for $23,500 per month.

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101 West 15th Street: The Building Formerly Known as The Code

Wed, 05/01/2013 - 2:10pm

101 West 15th Street Latest Rendering

What’s in a name? Well, in the case of the building formerly known as The Code, a change in name seems to have also caused a change in the building’s proposed architecture as well. This luxury rental building, which is being developed by Stonehenge, is now known by its Chelsea address, 101 West 15th Street, and the latest renderings for the site showcase the building with practically no change to its exterior design—the futuristic additions that were to be placed on top of the building are now nowhere to be seen.

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In New York City, Even the Politicians Rent

Wed, 04/24/2013 - 4:16pm

Anthony Weiner is one of many New York politicians who rent in the city

For a city that’s known for its sheer number of renters, it’s good to know that some of New York City’s most powerful citizens are living in the city as tenants as well. From mayoral hopefuls to sitting Congressmen, there are a number of politicians in New York who are choosing to rent an apartment, instead of buying one. Some of these apartments are rent-stabilized, and others are condominium residences—our politicians seem to be very particular on where they rent in the city.

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What Makes NYC’s Green Buildings So... Green?

Mon, 04/22/2013 - 4:25pm

What makes NYC's green buildings so... green?

Given that it is Earth Day today, we decided to check in with some of our green buildings in New York City, and find out what they actually do to be, well, green! Kermit the Frog may have said that “it’s not easy being green,” but these rental buildings prove that incorporating eco-friendly features in your home doesn’t mean that your luxury lifestyles will be compromised—on the contrary, they enhance it! Here are some examples of how some Manhattan residences are boosting their green quotient:

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Hot on the Market: Apartments Now Available for Rent at Chelsea Park

Thu, 04/18/2013 - 3:46pm

Chelsea Park Apartments Now Available for Rent

Given that Chelsea is a neighborhood that almost everybody wants to live in, it is easy to understand why finding a vacant luxury rental apartment here is often a very difficult task. But there is now hope for such dispirited apartment hunters—check out the homes available for rent at Chelsea Park, the new luxury development at 260 West 26th Street in Manhattan.

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March Sees Rents Rise in Both Manhattan and Brooklyn

Mon, 04/15/2013 - 3:54pm

March sees rents rise in both Manhattan and Brooklyn

Well, don’t say we didn’t warn you: the latest rental market report from Elliman says that rents in Manhattan and Brooklyn have been steadily rising since the beginning of 2013. Increases in rental prices have been seen across all apartment sizes in the city, with the average rents in Manhattan and Brooklyn coming up to $3,930 and $2,971, respectively, in March.

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The Reinvention of Long Island City

Wed, 04/10/2013 - 9:46pm

Long island City Skyline View

If you were to ask someone about their thoughts on Long Island City in the late 80’s and 90’s, a good chance is that their response would’ve mentioned the neighborhood’s high concentration of factories, warehouses and its various forms of transportation such as the Queensboro Bridge, which facilitated industrial and economic growth. Since then, Long Island City has received a “facelift.” Art galleries, commercial businesses and high-end real estate are now making Long Island City their new stomping grounds. LIC is a conglomerate of the youthful, cool and hip spirit of Williamsburg intertwined with the sophistication of Manhattan.

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New Murray Hill Rental Development at 200 East 39th Street

Tue, 04/09/2013 - 4:18pm

New Murray Hill Building Coming Up at 200 East 39th Street

Murray Hill has long been the neighborhood of choice for renters wanting affordable, luxury living options in Manhattan, and the area will soon be having a new building to add to its repertoire: an 18-story mixed-use tower at 200 East 39th Street. The new building, which is a project by SK Development, CB Developers and Ironstate Development, will have 91 apartment units in studio, one-bedroom and two-bedroom sizes, along with retail spaces on the lower floors.

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