Apartment rentals New York with Hell's Kitchen

Looking for excitement at every corner? Look no further than this lively addition to Hell’s Kitchen, Five Two Five, located at 525 West 52nd Street, where convenience and fun meet modern luxury.

Taconic Investment Partners LLC & Mitsui Fudosan America Inc. collaborated with architect and designer Handel Architects to bring a total of 392 new rental apartments to this busy Midtown neighborhood.

There has been much controversy lately over the room-sharing startup Airbnb which has recently awakened the argument over innovation vs. regulation. Airbnb has been presented itself as one of the most visible players in the “sharing economy” - ahead of services such as Vrbo and Flipkey. These short-term rentals are allegedly depleting the scarce housing market.

^{Rendering courtesy of Monian Group}

Huge news for Midtown West—literally. Another rental project will be rising in the neighborhood, and this one is enormous. Developed by Monian, the long-stalled residential project at 605 West 42nd Street is making strides towards completion.

There’s something about 57th Street that has turned it into the most popular destination for new development. From the supertall luxury condo buildings along the south of Central Park to the massive 606 West 57th Street, everyone wants a piece of 57th Street. Joining in on the fray is 625 West 57th Street, which will bring over 700 new rental apartments to Hell’s Kitchen.

The words Manhattan and real estate development have long been synonymous, so it should come as no surprise when The Real Deal recently announced that the Gotham Organization would be taking on one of the largest new construction projects in Manhattan yet. The Gotham Organization project is expected to cost over $520 million and consists of four separate buildings spanning an entire Manhattan city block at 550 West 45th Street between 10th and 11th Avenue. Out of the 1,238 expected units for rent, close to 600 of them will be constructed with low-, moderate- and middle-income New Yorkers in mind.