Searching for a home with a pet doesn't have to be difficult. In fact, some of NYC's best, most luxurious abodes offer unlimited ultra-luxe pet amenities.

Thinking of making an investment in real estate? If so, be sure not to dive in headfirst. As it turns out, it is not as simple as it appears. Although you may have done all your homework, don’t assume you are in the clear just yet. Below is a list of mistakes that new real estate investors commonly make. Check out the list to make sure you don’t fall for these traps too.  

Since its launch a few years ago, 15 Central Park West has become one of the finest luxury residential buildings we have in New York today. Designed by celebrity architect, Robert A. M. Stern, this hallowed building has seen the crème de la crème of Manhattan society reside in its premises, including Goldman Sachs CEO Lloyd Blankfein, actor Denzel Washington and singer Sting.

The recent flurry of New Yorkers moving into 27 on 27th, the new luxury rental building located at 42-17 27th Street in Long Island City is yet another indication of how popular this neighborhood has become. While it may have once been an industrial community in New York, Long Island City today is fast becoming known as a residential neighborhood of repute, with its residents loving the great apartments they have, and the beautiful Manhattan views they get to enjoy from their homes.

Recent reports heralding the arrival of the 275 square foot micro rental apartments in Manhattan have reinforced the notion that apartments for rent in New York City are small, uncomfortable and unpleasant to live in. This is a belief that has been perpetuated for several years, thanks to television shows and movies that showcase New Yorkers living their busy lives in cramped spaces. However, while there may be some residences that fit the stereotype, these images are certainly not representative of all rentals in the city. Several of the city’s newest and finest residential developments are offering apartments for rent, with residents enjoying sensational lifestyles that could give homeowners a run for their money.

Let’s start this post off with some basic economic theory. As we’ve written before, inventory on Manhattan apartments for rent is at an all-time low. Landlords are receiving multiple applications for their apartments, and waiting lists have gotten as backed up as having twelve people on them. With demand skyrocketing and supply scarce, basic market laws tell us one thing: prices for apartments are going to be high.

In the Manhattan rental market in 2011, demand for rental apartments far outstripped supply. Both developers and lenders recognized that this pent-up demand made for ideal building conditions, which is why $2.9 billion worth of new residential projects began in New York City in 2011. That’s a 24% increase from 2010 according to data released by the New York Building Congress. Additionally, Manhattan’s slew of stalled construction sites - land controlled by developers who have obtained all the necessary construction permits yet have still halted work - has finally begun to shrink. According to the New York City Department of Buildings, Manhattan had 130 stalled construction sites at this time last year, and now that number has fallen to 114. Furthermore, the number of demolition permits issued in Manhattan rose from 2010 to 2011, so more developers are waiting to break ground. So all this new construction should alleviate demand in the near future, right? Not exactly. While this is undoubtedly a step in the right direction, it still falls well short of the kind of progress that would help bring down rental prices in Manhattan. If there’s a lesson to be learned from 2011, it’s that even rising inventory won’t slow down the Manhattan rental market, so we at Luxury Rentals Manhattan don’t expect rents to begin to fall in 2012.

The Tribeca neighborhood is home to some of the most expensive apartments for rent in Manhattan. According to the MNS December rental market report, rent in Tribeca has consistently out priced nearly every neighborhood since December 2010. Only apartments in Soho cost more than those in Tribeca, and even then it's only one- and two-bedroom apartments in doorman buildings that do. Non-doorman buildings are more expensive across the board in Tribeca. Which brings us to the focus of this article, and one of New York's more peculiar trends: the triangle south of Canal Street is the only neighborhood in Manhattan where apartments for rent in non-doorman buildings are more expensive than apartments in buildings that have doormen. Tribeca studio apartments in non-doorman buildings have been more expensive than their doorman counterparts every month since December 2010. And one-bedroom and two-bedroom apartments without doormen have likewise cost more almost as consistently. In December 2011, having a doorman with your two-bedroom apartment saved you over $1,000. And a doorman welcoming you into your studio shaved nearly $800 off your rent.

Luxury rental apartments in NYC, as opposed to luxury apartments for sale, continue to be the first choice of many searching throughout the Manhattan real estate market. A variety of factors have contributed to this, including but not limited to: increased difficulty in securing outside financing; the still present aftershock of the housing crisis; and just all around lower personal income and savings. Perhaps this phenomenon can explain the recent shortage of multi-bedroom luxury rental apartments in Manhattan, a trend that crosses all neighborhoods and areas.