New York City Luxury Rental Blog Archives for August 2013

In recent years, we’ve seen the major overhaul of the Long Island City waterfront. Luxury buildings now take advantage of the neighborhood’s prime location, one of them being the new Gantry Park Landing at 50-01 2nd Street. The up-and-coming neighborhood has become a popular destination for commuters, as it’s one short stop away from Midtown Manhattan on the 7 train.

Well, renters of New York City, we have some good news and some bad news. The Williamsburg at 373 Wythe Avenue in Williamsburg (of course) has finally began leasing. The 11-story Karl Fischer-designed building has 88-units of studios, one- and two-bedroom apartments. The Williamsburg is located in one of the most desirable neighborhoods in all of the city, so it’s expected to reach occupancy extremely quickly.

The newest numbers are in, and it’s no surprise to see that overall Manhattan and Brooklyn rental prices are still up from 2012, but some of the month-to-month numbers might surprise you.