Apartment rentals New York with Ohm

Amenities: Mega- and Micro-Apartments Alike Appeal to Renters

An example of a furnished micro-apartment at Carmel Place.

Just this past Monday, NYC’s first micro-apartment building, Carmel Place, opened up applications for its market-price apartments. While tight quarters might be the antithesis of “luxury”, developer Moinian Group promises to deliver cutting-edge interior design with as comprehensive an amenity package as possible to appeal to early adopters.

Manhattan Luxury Rental Buildings: Now With More Luxury (And Market Share)

It's a trend we've written about over and over again -- with Manhattan condos seemingly a sketchier investment than in years past and still out of just about everyone's price range, more and more people are opting for Manhattan rental apartments over condos. There are, as we've also noted here at the Luxury Rentals Manhattan blog, good economic reasons for this, but there's another, simpler reason why the market for Manhattan rental apartments is surging while the condo market is stagnant. That other, simpler reason being that new construction Manhattan luxury rentals increasingly offer the same high-end finishes and fixtures, and similar suites of amenities and extras, as their condo counterparts -- and offer it without the economic anxieties that come with a mortgage, a co-op board, and all those other, less-desirable condo extras. But while it's not necessarily surprising that high-end luxury rentals are bouncing back from the Manhattan real estate downturn than condominiums, there's also more to the reason why this is so than the fact that both top-tier new construction NYC luxury rentals and high-end condos feature SubZero refrigerators and expansive suites of amenities. Although that obviously doesn't hurt.