Apartment rentals New York with Echelon Chelsea

Leaves Fall, No-Fee Apartment Listings Rise, or Why We Love NYC Real Estate In Fall

The specific numbers are different from quarter to quarter, of course, but for the most part the last few rounds of NYC rental stats  all point to the same conclusion -- the market for Manhattan rental apartments is strong, and growing stronger with each passing month. Which sounds great, of course, but has been less than great in practice for Manhattan rental apartment hunters. With vacancy rates back under one percent and rents rising slowly but steadily, all the things that made the less-than-strong NYC rental market of old so appealing for renters have become harder and harder to find. Regular readers of the Luxury Rentals Manhattan blog have probably noticed that posts like this have become something of a regular presence in this space. Gone, we note in tones of deep regret, are Manhattan rental apartments offering concessions, gone are the free months of rent and gym memberships and suchlike. Gone are the no-fee... oh wait, what's that? Some high-end new construction rental buildings are actually still offering up appealing concessions? And no-fee NYC rental listings are on the rise even though the rental market is strong and getting stronger? Must be getting cold outside. (Yes, that actually is how it works)

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Those Were The Reasons And That Was New York: Remembering The Chelsea Hotel, Pondering What's Next

It's something of an understatement to write that the Chelsea Hotel is among one of the most famed Bohemian landmarks in Manhattan, given that it has been the epicenter of artistic Chelsea and Boho Manhattan for over a century. The long list of notable musicians, writers, and artists who have frequented the hotel’s 125 rooms -- roughly make up half of what is considered artistic New York, give or take -- have produced a slew of homages, from Leonard Cohen's Chelsea Hotel to countless others with less on-the-nose titles. The Chelsea has been adapted into literature, music, art, and film, but now faces a new and perhaps most difficult adaptation, now that the Chelsea landmark has hit the real estate market. It’s strange, but it's true -- once haven to several of the greatest artists ever to call Manhattan home and inarguably the most iconic Chelsea rental listing in history, the Chelsea Hotel is now a prized piece of Chelsea property for sale. The on-the-market status of the Chelsea Hotel is noteworthy both because it's not every day that Manhattan real estate legends hit the market and because of what it means for Chelsea's past, present and future.

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