New York City Luxury Rental Blog

_{Rendering Courtesy SHoP Architects}

When the Domino Sugar Refinery along the Williamsburg waterfront closed its doors for good in 2004, the community grumbled collectively over the plans to redevelop the waterfront with unattractive, soulless buildings. But when Two Trees bought the property in 2012 for $185 million, they completely altered the design, added more park space, added office space for tech companies, and promised to provide 660 affordable apartments. For the most part, the community has been pleased with the plan.

Landlords opted to grant concessions for tenants instead of lowering rents last month more than they have in the past two years, according to the latest market reports.

Twenty-somethings have all the responsibilities of adulthood, but more often than not, they lack apartment hunting experience. Renting in New York City can even prove challenging for the most learned rental veteran, so for someone fresh into the market, it can easily overwhelm. It doesn't have to, though. We're here to help learn from mistakes of renters past. From budgeting to neighborhood research to lease comprehension, these are the top 5 mistakes 20-somethings make when renting in New York City.

A new Long Island City apartment building is nearing completion, bringing 59 new units to the burgeoning neighborhood. Located at 46-09 11th Street, the building will house both market rate and affordable apartments as part of the 80/20 housing program according to Brownstoner. As typical with the new construction in Long Island City, 46-09 11th Street will boast several luxury amenities, such as a rooftop deck, parking garage, private storage and a state-of-the-art fitness center.

Though the overall number of apartments rented in the colder months of the year typically decreases, our attention to the market remains diligently focused. We took a look at the latest data released, and here’s what we saw.