New York City Luxury Rental Blog Archives for July 2014

Manhattan's Most Expensive Rentals

It is not uncommon for New Yorkers to find themselves living in a cramped three-bedroom, one-bathroom apartment, still paying more than their allotted budget. New York is a city of dreams where the prices will continuously burn through your wallet. Yet to some New Yorkers, money is slightly more dispensable. As it turns out, there is a high demand very luxury rentals, appealing to suitors with money to spend. Below are five Manhattan properties that are charging its residents over $100,000 a month.

New York City Rent Prices Rise While Vacancy Rates Fall

Courtesy of: Anthony Quintano/ Flickr

Apparently, warmer weather coupled with high consumer demand this past June contributed to higher rental prices in New York City. The latest Elliman report shows that the median rental price for Manhattan rose to $3,300 - a 3.3% increase from the same month last year and the highest it has been in more than 5 years. The June vacancy level fell to 1.64% from last period's 1.83%, and is the lowest June level in the 5 years the metric has been tracked.

Thinking Big: TF Cornerstone Bringing 3,000 New Apartments to NYC

33 Bond Street Brooklyn

TF Cornerstone is doing its part to alleviate the tight supply of apartments for rent across the city. In the upcoming years, the development company will add nearly 3,000 apartments spread across just three projects. Recently, YIMBY sat down with TF Cornerstone’s Jon McMillan and Sofia Estevez, discussing these upcoming projects.

5 Hidden Luxury Rental Costs To Watch Out For

 

You have finally found the perfect apartment, with a view of the city you’ve always dreamed of, through classic wooden panel windows. You have a washer/dryer, a beautiful courtyard, and your favorite furry companion is welcome too. But before you sign the lease for your new luxury apartment, beware of these hidden costs that can sneak up on you and add thousands to your rent: