New York City Luxury Rental Blog Archives for January 2016

Renting is the Most Economical Option For Most New Yorkers

Living room at 37 Great Jones Street, a luxury rental building in NoHo.

Photo: Living Room at 37 Great Jones Street, a luxury rental building in NoHo.

We all know moving is a huge stressor, and even if you are financially well off, the monetary burden of moving can be quite significant. Two leading factors that make buying a home in the long term seem the better choice than renting are cutting back on the number of times one needs to move, along with the perceived investment opportunity.

Art Deco Buildings of the Financial District You Can Rent

Facade of 20 Exchange Place, displaying Art Deco ornaments and design.

20 Exchange Place's stylized facade with architectural grotesques.

Even though it boasts one of the most distinctive skylines in the world, Manhattan didn't get that way over night. One of its most cherished pre-war architectural styles, Art Deco, is well-represented with distinguished examples such as the Chrysler Building and the Empire State Building. These Financial District luxury rentals offer pre-war flair with plenty of modern conveniences.

In LIC, a Building Markets Itself to Millennials

Rendering of the entrance at Watermark, a new development in Long Island City.

Rendering courtesy of Twining Properties

In 2015, one of the demographic questions about the New York City real estate market was, “Why aren’t millennials buying?”. Buying one’s own home as a young adult was once considered to be the cherry on the cake that is being an independent, young professional.