Apartment rentals New York with East Village Rentals

13 months after demolition work at two sites in the East Village, foundation is finally set for two new residential buildings. Extell’s towers, one located at 500 East 14th and the other at 524 East and 14th Street, will both rise 7 stories with retail components at ground level.

It seems that there’s going to be a lot of change coming to the East Village very soon. According to a report in The Real Deal, Jared Kushner, principal owner of Kushner Properties, has paid about $130 million to buy 17 walk-up rental buildings that are located in this very popular neighborhood. Kushner’s purchase comes close on the heels of a number of other deals that he has done in the recent past, which include properties in New York City, New Jersey and Baltimore as well.

When most people begin looking for a luxury apartment rental in Manhattan, several districts tend to come to mind immediately. There's the sought-after high-gloss, high-culture vibe that comes with SoHo apartment listings, the famed luxury of Upper East Side rental listings, and the perpetually trendy East Village and its apartments for rent. But there's one New York City area of rapid growth and expansion that twenty years ago wouldn't have been on anyone's apartment-hunting list: Roosevelt Island. Once saddled with the less-than-flattering nickname "Welfare Island," this former backwater in the middle of the East River is an afterthought no longer, as a boom of new construction condos and luxury rentals on Roosevelt Island suggests. But here's the biggest sign of Roosevelt Island's rising prosperity: People are actually moving there. Quickly and in serious numbers. Seriously.

Manhattan real estate is not necessarily logical, and hardly a precise science. But for the most part, basic logic does apply, here. That is, it's easy to see why apartment listings in a certain Manhattan neighborhood are appealing to people looking for Manhattan rental apartments. A subway ride and a brief pub crawl is enough to explain why, say, people want to live in rental apartments in the East Village; a stroll through Central Park and a shopping jaunt at Fairway or Zabar's is enough to figure out what NYC dwellers see in Upper West Side rental listings. But while the appeal of Upper East Side rental listings is plain enough -- Central Park, museums, shopping, you already know all this -- it's about to get a little bit clearer. We're not saying that anyone would move to the Upper East Side because the UES just got its first branch of Danny Meyer's beloved burger joint Shake Shack. We wouldn't say that. But... have you ever been to Shake Shack? It's not impossible, and it's surely not unreasonable.