Apartment rentals New York with Newly Renovated Rentals

Rendering of The Hamilton’s facade

The Hamilton, as the building will come to be known upon completion, is located at 968 60th Street in Borough Park, the home of a building that was used as a fully functional factory for many decades, but is now being converted by Halcyon Management Group. Currently expected to be completed in the latter half of 2016, the project is the work of renowned architect, Karl Fischer.

Building on the right, the current New York Stock Exchange, on the left, the former. 

The historic 1950s-era building and former home of the New York Stock Exchange, will be getting renovated from offices to luxury rentals.  

Many old, decrepit buildings are seeing new life! Here are three buildings in particular that seem to have some promising results in mind.

Extreme Makeover: Luxury Rental Apartment Edition? That seems to be what many New York City landlords are going for. Luxury Rentals Manhattan has tirelessly covered the market’s high demand for rental units, with rates reaching all-time highs throughout the spring. This, along with a shift in the demographic of renters towards the higher-end, is prompting many landlords to finance million-dollar renovations in hopes of raising rental rates by 10 to 40 percent. And really, many of them are nervous that they aren't keeping up with the rising standards for rental apartments in Manhattan. This is good news for residents looking to live in luxury apartments without having to buy, even if their rent rises with the quality level.