Apartment rentals New York with Luxury Rentals

242 Elizabeth Street from Google Maps

From a one story brick box garage to 7-story luxury rental, this new, soon to be residential development at 242 Elizabeth Street, is the most recent news for luxury rentals in the Nolita area.

You have finally found the perfect apartment, with a view of the city you’ve always dreamed of, through classic wooden panel windows. You have a washer/dryer, a beautiful courtyard, and your favorite furry companion is welcome too. But before you sign the lease for your new luxury apartment, beware of these hidden costs that can sneak up on you and add thousands to your rent:

_{Image via Flickr/Andos_pics}

The numbers are in, and this past April had some interesting happenings in the world of rentals. Using the year-over scale, when we look at the price of an apartment from the year before and compare it to this year’s, Manhattan median rental prices had been declining for six consecutive months until they increased by a minute 0.2 percent in March. This April, the median cost to rent an apartment in Manhattan again increased from the same month last year, now up to $3,247 per month, 1.6 percent higher than April 2013’s $3,195.

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.

To most, Astoria is not known for luxury living. The traditionally middle class neighborhood has remained somewhat low key, even during a period of time that has seen other traditionally working class neighborhoods like the Lower East Side, Williamsburg and Long Island City become popular locations for luxury rental apartments. While these neighborhoods continue to grow in popularity, as well as cost, there’s one lively, diverse neighborhood in New York City that has all the potential in the world, not to mention luxury apartments, that no one seems to be talking about—Astoria.