Apartment rentals New York with Real Estate Trends

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:

While Battery Park City has always been known for being safe, quiet, and green, one thing it has never been is hip. Combine that with the fact that the neighborhood has always been associated with condo sales and not luxury rentals, and it’s no wonder that rental apartments in Batttery Park City have not garnered as much attention as rental apartments in other downtown Manhattan neighborhoods. It’s officially time for Manhattan renters to take a closer look at BPC however, because the neighborhood is changing rapidly, and right now there’s a unique window of opportunity to find great deals. BPC's reputation for being a little too remote, a little too dull, and a little too suburban for younger Manhattan renters is changing; a flurry of restaurant openings is making BPC much like the rest of downtown Manhattan, and right now the rents have yet to catch up to the times, especially for luxury 1-bedroom apartments.

When is a luxury rental apartment listing not a luxury rental apartment listing? Well, if you insist on getting technical about a rhetorical question, the answer is "never." But, for a new crop of Manhattan luxury rental listings, the answer is somewhat more complicated. Some of Manhattan's most impressive new luxury rental listings are either partnered with new construction luxury condos -- blockbuster midtown luxury rental The Ashley, for example, shares an amenity space, a developer, and a number of other commonalities with The Aldyn, a carbon-copy condo with which it was co-developed -- or, in such posh instances as Chelsea's promising Eventi rentals located on the upper floors of luxury hotels. For William Beaver House, a new luxury rental listing in the Financial District, the story is even more convoluted -- developed as a condominium, William Beaver House is still selling luxury condominiums. It just happens to offer some of the most luxurious rental listings in the Financial District, as well. And there is, of course, Frank Gehry's luxury rental at 8 Spruce Street in the Financial District, which ranks among the most luxurious luxury rentals in Manhattan real estate history. The phrase "condo-quality finishes" has never seemed more literally apt, and less like a real estate buzzword. While this new proliferation of condo-rental combos can make for some confusion when browsing Manhattan rental listings, one effect is clear -- it certainly has deepened Manhattan's already deep pool of high-end rental listings.