Living room at a luxury apartment at 57 Reade Street.
Zumper's February’s Rental Report has been released, and its data revealed New York City’s rental market is still second only to San Francisco in its fierce competitiveness and monthly rental price. While 1- and 2-bedrooms are up 7.3 and 3.1 percent, respectively, from last year, February was a slightly less expensive month than January, showing a 1.8 decrease for 1-bedrooms and a 2.4 percent fall for 2-bedrooms.
February’s Rental Report has been released, and its data revealed New York City’s rental market is still second only to San Francisco in its fierce competitiveness and monthly rental price. While 1- and 2-bedrooms are up 7.3 and 3.1 percent, respectively, from last year, February was a slightly less expensive month than January, showing a 1.8 decrease for 1-bedrooms and a 2.4 percent fall for 2-bedrooms.
These statistics beg the question — what neighborhoods top the charts in terms of competition and desirability? These factors are directly reflected in the price tags their residences demand.
It’s probably no surprise that while the trends in recent years have seen significant growth in the Brooklyn and Uptown markets, desirability is still significantly focused on Downtown Manhattan. The top four most expensive neighborhoods remain below 14th Street, with the fifth, Gramercy Park, hovering just above the line of demarcation–and Soho didn’t even make the cut.
Let’s take a look at some highly desirable luxury rentals in these five in-demand luxury neighborhoods, counting down by median rent for 1-bedrooms:
5. Gramercy Park, $4,000: Park 23
Located near Gramercy Park at 295 Park Avenue South, Park 23 is a landmarked building dating back to 1892 and offers modern luxury living in an historic pre-war building. The residences offer soaring ceilings, meticulously restored classic design elements,luminous hardwood flooring, new marble baths and state of the art kitchens, and energy-efficient windows.
Amenities at Park 23 include a 24-hour doorman and concierge, laundry facilities, and on-site dry-cleaners.
2-bedrooms begin at $4,300.
4. West Village, $4,100: The Highline
Nestled amidst the bespoke architecture of the West Village, this luxury rental complex at 756 Washington Street offers ultra-modern luxe living with the most sophisticated design elements. Designed by Karl Fischer Architects, the residences, which include a number of high-floor lofts, showcase Hudson River views from oversized windows and setback terraces. The spacious kitchens feature granite countertops, maple cabinetry, and state-of-the-art appliances; dishwashers and microwaves come standard.
The Highline’s high-end amenities package includes a full-service attended lobby, laundry facilities, and on-site garage. Its crowning jewel, however, is the lush and landscaped outdoor courtyard and roof deck, featuring a greenery-trellised picnic area and open esplanade.
1-bedrooms start at $4,050.
3. Greenwich Village, $4,180: 300 Mercer
Also known as The Hilary Gardens, 300 Mercer Street is a classic post-war Village residential building that embodies Downtown modern luxury. The residences, which range from 1-bedrooms to penthouses, feature gut-renovated stainless steel, granite, and marble appointed kitchens and baths, complete with custom wooden cabinetry, Sub-Zero appliances, standard dishwashers, and Carrara marble.
The amenities package at 300 Mercer includes a fully attended lobby with doorman and concierge, valet services, rooftop terrace, fitness center with swimming pool and sauna, rooftop deck, residents’ lounge, bike storage, and laundry facilities.
1-bedrooms start at $4,600.
2. Battery Park City, $4,180: The Visionaire
The first Manhattan condo building to be LEED Platinum–certified, this eco-friendly tower at 70 Little West Street offers high end luxury with sustainability, innovative green technology, and energy efficiency. Each residence are fitted with floor-to-ceiling windows offering spectacular Hudson River views. They feature high ceilings, hardwood floors, built in closets, state-of-the-art gourmet kitchens with stainless steel appliances and granite countertops, and luxurious bathrooms with deep soaking tubs and marble vanities.
An outstanding amenities package at The Visionaire includes concierge and valet service, fitness center with sauna and day spa, private screening room and lounge, roofdeck, pool, bike room, and children’s playroom.
1-bedrooms begin at $4,550 per month.
1. Tribeca, $4,300: Reade57
Built in 2011 by SLCE Architects at 57 Reade Street, this modern luxury residential building offers innovative architecture and state-of-the-art design elements for the most sophisticated luxe living experience. These sleek and sophisticated residences feature floor-to-ceiling windows offering illuminating light, high-gloss teak floors, soaring ceilings, balconies, and washer/dryers. Open kitchens offer Caesarstone countertops, top-of-the-line appliances, and custom cabinetry. The luxurious, spa-inspired baths offer custom walnut and marble vanities and polished fixtures.
The amenities package mirrors this fully serviced building’s elite luxury, with 24-hour doorman and concierge, fitness center, lounge, garden and terrace, private storage, and bike room.
1-bedrooms start at $4,900.
