Apartment rentals New York with Luxury Rentals

Shanty Garage to Luxury Rentals

242 Elizabeth Street from Google Maps

From a one story brick box garage to 7-story luxury rental, this new, soon to be residential development at 242 Elizabeth Street, is the most recent news for luxury rentals in the Nolita area.

Where Are the New 6th Boroughs?

New Residential Construction, Rental Development in Miami

Once upon a time, Philadelphia was the ‘6th Borough’, but in the decade since The New York Times ran a piece about Brooklynites moving to Philly for a more affordable & authentic urban experience, a new crop of cities have taken the moniker.

5 Hidden Luxury Rental Costs To Watch Out For


You have finally found the perfect apartment, with a view of the city you’ve always dreamed of, through classic wooden panel windows. You have a washer/dryer, a beautiful courtyard, and your favorite furry companion is welcome too. But before you sign the lease for your new luxury apartment, beware of these hidden costs that can sneak up on you and add thousands to your rent:

May Rental Report: What Goes Up Keeps Going Up

Brooklyn Bridge Manhattan
Photo Courtesy Loic Lagarde / Flickr

For a moment, it appeared that rents in Manhattan were leveling out, but the latest report from Samuel Miller is in, and it’s back to business as usual in the borough, now marking three straight months of year-over price increases. The median rental price for an apartment in Manhattan was $3,300, up 1.6 percent from April to May, and 3.1 percent from May 2013.

Manhattan Rents Near Record Highs as Brooklyn Prices Continue to Rise

Midtown Manhattan
Image via Flickr/Andos_pics

The numbers are in, and this past April had some interesting happenings in the world of rentals. Using the year-over scale, when we look at the price of an apartment from the year before and compare it to this year’s, Manhattan median rental prices had been declining for six consecutive months until they increased by a minute 0.2 percent in March. This April, the median cost to rent an apartment in Manhattan again increased from the same month last year, now up to $3,247 per month, 1.6 percent higher than April 2013’s $3,195.

How Much are Apartments Renting for in NYC?

NYC Rental Apartments

As we expected to happen sooner rather than later, Manhattan rents have stabilized, bringing an end to the sixth month slide that began in August of 2013, according to a report by Jonathan Miller. Instead of the median rental price for the borough continuing to decline, March saw the median price rise by 0.2 percent from the same time last year, now sitting at $3,200 per month, nearly the same as last year’s median of $3,195. The median rental price for Manhattan last Februrary was $3,100.

Manhattan Renters Take Stand for Concessions

Central Park UES

Landlords opted to grant concessions for tenants instead of lowering rents last month more than they have in the past two years, according to the latest market reports.

505 Fulton Street: Luxury Lofts for Rent in the Offerman Department Store

505 Fulton St Brooklyn

Brooklyn offers a diverse array of apartments. From pre-war brownstones in Brooklyn Heights to luxury apartments along the Williamsburg waterfront and everything in between, there really is something for everyone in the borough. And the latest? Soon you’ll be able to rent an apartment above Fulton Mall in Downtown Brooklyn.

Astoria: New York City’s Hidden Gem for Luxury Apartments

NYC View from Astoria

To most, Astoria is not known for luxury living. The traditionally middle class neighborhood has remained somewhat low key, even during a period of time that has seen other traditionally working class neighborhoods like the Lower East Side, Williamsburg and Long Island City become popular locations for luxury rental apartments. While these neighborhoods continue to grow in popularity, as well as cost, there’s one lively, diverse neighborhood in New York City that has all the potential in the world, not to mention luxury apartments, that no one seems to be talking about—Astoria.

New Developers Enticed by Booming Rental Market

New York City Real Estate

Residential real estate is booming in New York City, with new developments like Essex Crossing, 626 First Avenue, Gotham West, Gantry Park Landing & Chelsea Park seemingly rising on a daily basis. With a city-wide inventory shortage, there is no reason to expect this trend to slow down, and that makes residential development a highly attractive option for new developers to get in on the action.