New York City Luxury Rental Blog

Top Mistakes Real Estate Investors Make

Thinking of making an investment in real estate? If so, be sure not to dive in headfirst. As it turns out, it is not as simple as it appears. Although you may have done all your homework, don’t assume you are in the clear just yet. Below is a list of mistakes that new real estate investors commonly make. Check out the list to make sure you don’t fall for these traps too.

 

New Developments in Downtown Brooklyn

Downtown Brooklyn is booming with new development. In recent years, a number of new residential projects have risen in the area. Brooklyn is full of culture, shops, and restaurants, attracting tons of new people to the area. If you are one of the many New Yorkers who have been drawn in by Brooklyn’s charm, check out the list of residential developments new to Downtown Brooklyn with open availability.

YOY Rental Prices Continue to Increase

According to the latest Elliman report, compared to last month in June, prices seem to be decreasing. Don’t get too excited just yet though, because although there was a slight decrease between these past two months, July’s overall rents are the highest they have been in the past six consecutive Julys.

High-Rise Maestro's Newest Tower Cuddles West Side Church

The developer responsible for the exceptionally glassy condo structure known as One57 is at it again. Extell Development is constructing a 52-story tower at 555 Tenth Avenue and 41st Street. Renderings for the project reveal how the glassy structure will loom among its more modestly stacked brick-faced neighbors.

Best NYC Neighborhoods for the Views

View from Long Island City

In New York City, it's not only about what's inside of your apartment, but what's outside of it too. If you're looking for an apartment with a view, we've got you covered. In no particular order, here are the best NYC neighborhoods for the views.

 

4 Tips for Finding a Rental in New York City

Low inventory rates and high demand are the current reality of New York City's apartment rental market. The Big Apple is one of the world's most competitive places in which to find housing, but finding your dream rental is not impossible. The following are four tips to help you maximize your rental experience.

Abington House Neighbor Revealed at 520 West 30th

520 West 30th Street
Rendering courtesy of Related  / YIMBY

The first official rendering for a new High Line-adjacent rental building from Related Companies has been revealed. Pro-development blog YIMBY published the rendering of 520 West 30th Street, which will rise 28 stories and bring 174 new apartments to the Hudson Yards neighborhood near the High Line in Chelsea.

Manhattan's Most Expensive Rentals

It is not uncommon for New Yorkers to find themselves living in a cramped three-bedroom, one-bathroom apartment, still paying more than their allotted budget. New York is a city of dreams where the prices will continuously burn through your wallet. Yet to some New Yorkers, money is slightly more dispensable. As it turns out, there is a high demand very luxury rentals, appealing to suitors with money to spend. Below are five Manhattan properties that are charging its residents over $100,000 a month.

New York City Rent Prices Rise While Vacancy Rates Fall

Courtesy of: Anthony Quintano/ Flickr

Apparently, warmer weather coupled with high consumer demand this past June contributed to higher rental prices in New York City. The latest Elliman report shows that the median rental price for Manhattan rose to $3,300 - a 3.3% increase from the same month last year and the highest it has been in more than 5 years. The June vacancy level fell to 1.64% from last period's 1.83%, and is the lowest June level in the 5 years the metric has been tracked.

Thinking Big: TF Cornerstone Bringing 3,000 New Apartments to NYC

33 Bond Street Brooklyn

TF Cornerstone is doing its part to alleviate the tight supply of apartments for rent across the city. In the upcoming years, the development company will add nearly 3,000 apartments spread across just three projects. Recently, YIMBY sat down with TF Cornerstone’s Jon McMillan and Sofia Estevez, discussing these upcoming projects.