Apartment rentals New York with Financial District

In 2013, several new high-demand buildings hit the market and leased to capacity at an extreme rate. If you missed out, or just weren’t looking to move in 2013, don’t worry; we know what rental buildings will be opening in 2014. From Downtown, to Midtown, to Uptown, here are some high-demand apartments that will be brand new for 2014.

Designer of super-tall, super-skinny 432 Park Avenue, Rafael Vinoly, has taken his architectural talents Downtown. In his newest design, Vinoly adhered to the old adage, “if it ain’t broke, don’t fix it,” revealing yet another tall and thin tower for 22 Thames Street, which could potentially be the tallest residential building in Lower Manhattan.

Here’s another sign that the Financial District is moving away from being a strictly business territory and becoming an in-demand residential community: a new 30-story mixed-use building is going to rise up soon at the corner of Nassau and Ann streets in the Lower Manhattan neighborhood. The new building, which is being developed by Ann/Nassau Realty and designed by SLCE Architects, will be ready for occupancy by the first quarter of 2014.

For New Yorkers, the refusal of rent-stabilization begs indignation, shock, or simply confusion. In the Financial District, apathetic responses to the option to convert units in eligible buildings to rent-stabilized apartments has become an unusual phenomenon. Up to 16 Lower Manhattan apartment buildings received tax breaks since 2006, requiring the apartments to be rent stabilized. Under the Section 421-g Program, the NYC Department of Housing Preservation and Development designated the Lower Manhattan Abatement Zone, defined as the area south of the centerline of Murray, Frankfort and Dover Streets as an area eligible for partial exemption and abatement.

Another Financial District office tower has been redeveloped into a residential building, and its 419 units are ready to hit the market. Back in 2010, MetroLoft Management announced plans to convert 116 John Street into an apartment complex, and renovations on all 35 floors are expected to be complete by October. Originally built in 1931, the 350,000-square-foot Art Deco building is keeping its exterior architecture and hallmark public spaces, but the conversion process will add new terrace doors at all setbacks and brand new windows throughout. Earlier this week, MetroLoft unveiled what future units will look like, with models in the form of studios, junior one-bedrooms, one-bedrooms with home offices, regular one-bedrooms, and two-bedrooms.