Apartment rentals New York with Midtown West

The Boom Before the Boom: Hudson Yards' Hidden Success

Hudson Yard's residential building boom has gone largely unnoticedEveryone knows that big changes are on the way for Hudson Yards. The old manufacturing area will be transformed in the next decade or two into an entirely new neighborhood, one replete with luxury apartment buildings, an ultra-modern office complex of angular high-rises, a new park, a new museum, a subway line, and even a new boulevard that will bisect the area. But if you were to look at the Hudson Yards site right now, it still looks much like it did ten or twenty years ago. Appearances can be deceiving though, because new development for luxury rental apartment buildings has thrived in the area over the past half-dozen years, and many newly constructed luxury rentals are already available. Considering that the Hudson Yards area has succeed in sustaining new construction at a time when such success is rare, this area is well-positioned to emerge as Manhattan’s next hot rental neighborhood.

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Where the Most Expensive Apartments in Manhattan Really Are

Living room in the Astor SuiteLast week the Astor Suite in the Plaza on 768 Fifth Avenue hit the market for $165,000 a month, officially becoming the most expensive apartment in Manhattan. The Astor Suite is a 5,087 square foot 4-bedroom 6-bathroom luxury home. Jurgen Friedrich, the owner of Esprit, bought the Midtown West residence for $25 million in 2007, and turned it around the next year at an asking price of $55 million. We wrote earlier about how more New York residents are taking up an interest in the most luxurious Manhattan rentals. Maybe Friedrich saw the article because now, after three years without a buyer, he’s put up the apartment for rent at its current superlative asking price. We all know luxury apartments for rent at places like the Plaza don’t come cheap, but this story got us wondering what some of the other highest rental prices in Manhattan were. We looked around, and found that rental inventory starts to fall off a little before $100,000, but there are a few places that can compete for the title of "most expensive in Manhattan."

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