Apartment rentals New York with New Construction Luxury Rentals

The Brooklyn skyline is experiencing a revamp, especially in Downtown Brooklyn, with the neighborhood granted permits to build nearly 6,500 new apartments, which are planned to be completed by 2019.

535 West 43rd, CetraRuddy’s new rental development is finally open and ready to welcome residents. The two 14-story towers housed a grand opening soiree last Thursday to celebrate. Ranging from studio layouts to two-bedrooms, this building contains 180 apartments. Net-effective rents start at $3,000/month for studios, $4,080 for one-bedrooms, and $6,785 for two-bedrooms.

It’s been almost a year since we reported on the Pierre Hotel’s 39th floor apartment, that, at $500,000 per month, clocks in as New York’s priciest rental. Turns out, it’s also the second most expensive rental in the entire country. 2 East 61st Street is a 4,786 sq ft six-bedroom apartment that spans the entire 39th floor of the Pierre Hotel, which recently underwent $100 million in renovations.

This week, former governor Eliot Spitzer announced plans to move forward with his large-scale project for South Williamsburg, three 24-story towers at 420-430 Kent Avenue on the East River waterfront. Kent Avenue has gained notoriety for into its Gold Coast for all the ultra-modern, futuristic development that’s been taking shape on the rezoned land; and Mr. Spitzer’s project will further foster this reputation.

Last year, Luxury Rentals Manhattan shared some of our favorite building amenities — and it took a while to put together, since there are so many great spaces out there — and that may be for a good reason.  “Amenity creep” is what the New York Times used to describe the trend (especially as it applies to Brooklyn and Queens as new construction rentals pop up on the waterfront) of developers using better amenities and services to attract renters.  To be sure, attracting tenants in such a demanding market segment has become progressively more difficult, and the developers’ collective response was to compete with the best fixtures in-unit, and best amenities in-building.