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Plans Filed for Sutton Place


Rendering by Foster+Partners via Bauhouse Group

Gamma Real Estate has already filed plans to build a 67-story residential building at 3 Sutton Place, only weeks after purchasing the site for about $98 million.

Newest and Hottest LEED Certified Rentals

View from the Encore

Thanks to the technological advances currently powering the green building rise in Manhattan real estate, the list of benefits of living in a green building grows seemingly every day. Keep up with New York’s rental trend, and go green with these new LEED certified luxury buildings:

What Makes NYC’s Green Buildings So... Green?

What makes NYC's green buildings so... green?

Given that it is Earth Day today, we decided to check in with some of our green buildings in New York City, and find out what they actually do to be, well, green! Kermit the Frog may have said that “it’s not easy being green,” but these rental buildings prove that incorporating eco-friendly features in your home doesn’t mean that your luxury lifestyles will be compromised—on the contrary, they enhance it! Here are some examples of how some Manhattan residences are boosting their green quotient:

Art’s in the House: 3 Manhattan Rentals Hosting Impressive Pieces of Art

Manhattan Rentals with Artwork

New York is a city of art lovers. Be it in the relaxed spaces of the city’s charming art galleries, or even by scouting out the various public installations on the streets, New Yorkers are always on the lookout for their daily dose of art. This could explain why many luxury rental buildings in the city are using some of their space to host and display impressive pieces of artwork, which, besides serving as a conversation starter for their residents, also amps up the glamor quotient of the buildings. Here’s a list of three Manhattan buildings that showcase some impressive pieces of art in their premises:

5 Reasons to Rent on the Upper East Side

For a long time now the Upper East Side has been seen as the territory of the exceptionally wealthy, especially since the Guggenheims, Vanderbilts, Fricks, and friends made their way uptown. But these days the rental stock in the Upper East Side is actually very wide ranging in both size and price. There’s also the new 2nd avenue subway line that might lure new residents. With the way the city is changing, who knows what could happen in the next few years. Until then however, we present you with a quick guide to renting on the Upper East Side. Here are five reasons why we think renting on the Upper East Side is a good idea for anyone looking to live in Manhattan.

Chic Becomes Affordable on the Upper East Side

Classy, chic and comfortable—these are the words that are often used when describing the Upper East Side neighborhood of New York City. And now, here’s another adjective to throw into the mix: cool. At first, this may be a little hard to comprehend; after all, this Manhattan neighborhood has long had a reputation of being rather pricey, thereby keeping hip (but cheap) New Yorkers at bay. With its beautiful pre-war buildings that are located blocks away from Central Park, apartments on the Upper East Side have always been in high demand and, therefore, have been mostly out of reach for the “cool crowd.” But, of late, the homes here have suddenly become affordable, and the reason for that is, interestingly enough, coming from underground—the Second Avenue Subway construction.

High Rents Driving Residents Back to Manhattan

Brooklyn Residents are coming back to Manhattan in response to high rentsA studio apartment in a tidy, undiscovered corner of Brooklyn: For many young professionals, this image was the dream they aspired towards. However, the recent reality of the New York rental market has forced many to rethink the viability of such a hope. Despite the recent surges in Manhattan rents, Brooklyn’s average rents have been increasing at an even faster rate, and many now exceed the rents of several Manhattan neighborhoods. Although Brooklyn was once seen as a place to find relief from the prices of apartments in Manhattan, recent trends now indicate that the opposite is happening as many Brooklyn residents move back into Manhattan.

Get Your Own Door: Are Doorman-Free Luxury Rentals The Biggest Value in NYC Real Estate?

There is something to be said for the Manhattan doorman rental apartment, especially for the New Yorker coming home late at night, or returning from a Whole Foods or C-Town expedition loaded down with groceries. But while most Manhattan luxury rental listings are doorman rental listings -- it comes with the "luxury" part -- there's nothing that says that you need someone to open the door for you, even after an evening on the town or an afternoon at the supermarket. Chances are that if you've managed to find your way onto the internet, let alone to Luxury Rentals Manhattan, you're probably pretty accomplished in tasks such as opening and closing doors. Which is to say that, if you're browsing luxury rental listings in Soho or searching for a rental apartment on the Upper East Side, would it really matter to you that much whether the aformentioned luxury rental in Soho or rental apartment on the Upper East Side came with a doorman? Well, apparently a great many people do -- which means that doorman-free rental listings in those most desirable Manhattan neighborhoods are notably cheaper than their be-doorman'ed counterparts. Is this the sort of market efficiency a savvy apartment-hunter could exploit to his/her advantage?

Unhappy Trending? For NYC Rentals, January Was Another Month Of Lower Vacancies and Higher Rents

We'd start this post with a "stop us if you've heard this one before," but for two reasons -- the first being that you have certainly heard this news before, and the second being that you've heard it often enough that we've probably already rolled out the "stop us if you've heard this one before." And because we don't want to stop, and because you've certainly heard this news before, we'll just go ahead and say it -- January was another month of (incrementally) increased rents and (notably) tightened vacancies in a NYC rental marketplace that has been defined by those trendlines for months now. This is the thing with trends, of course -- they tend to be linear, and they tend to be difficult to blog about without repeating oneself. The problem, here, being that -- when it comes to Manhattan rental listings over hte past few months -- the trend has proven to be especially persistent. How much so?