Apartment rentals New York with Manhattan Rental Conversions

Garden at The Buchanan

NYC is full of buildings with interesting names. Names are important because they provide a concise impression of what to expect, and these six provide some insight into their rich histories.

For many Manhattan residents, finding a New York City apartment can seem like a near impossibility, as rents are currently at historic highs. However, several new rental buildings are beginning to surface, with 2,596 new units joining the Manhattan market in 2012. Although vacancy rates are at all-time lows, these new Manhattan rental apartments will surely provide renters with a fresh array of options. This is good news in the long-run too: more inventory means that all that pent-up demand for Manhattan rentals will finally have an outlet. If this trend of new construction and pre-war conversion continues, it will definitely help Manhattan’s sky-high rents come down to earth.

When New Yorkers think of the Financial District, the last image that would ever come to mind is that of a residential neighborhood. After all, the Financial District wouldn’t be called such if it was populated with residential buildings rather than business headquarters and offices. Yet, that is exactly what many Manhattan residential developers have envisioned in the recent years. In an attempt to revitalize the Financial District as a viable residential neighborhood in downtown Manhattan, many developers have converted what were once old office buildings into condos. The only problem is that nobody wanted to buy. But a buyer's loss is swiftly turning into renters' gains.