Central Park Tower listing images via Lin Pan International Group
New York and San Francisco have long been neck and neck as the most expensive places to rent in the United States, but New York just pulled ahead. According to a recent report from Zumper, the median rent for a one-bedroom apartment in New York is $2,810/month, with San Francisco trailing only slightly with a one-bedroom median rent of $2,800/month.
There is no question that the coronavirus pandemic hit New York’s rental market hard, but demand has turned around and prices have risen with it: The report found that New York rents have jumped nearly 20 percent since January 2021, as opposed to a 5 percent climb for San Francisco.
The report attributes part of the spike to more flexible work-from-home policies in San Francisco than in New York, where the vaccine rollout and announcements of the return to offices and schools might have prompted people to return to the city. It remains to be seen how the Delta variant will affect openings and demand, but CityRealty listings currently show 7,370 apartments for rent in core areas of New York.
There is no question that the coronavirus pandemic hit New York’s rental market hard, but demand has turned around and prices have risen with it: The report found that New York rents have jumped nearly 20 percent since January 2021, as opposed to a 5 percent climb for San Francisco.
The report attributes part of the spike to more flexible work-from-home policies in San Francisco than in New York, where the vaccine rollout and announcements of the return to offices and schools might have prompted people to return to the city. It remains to be seen how the Delta variant will affect openings and demand, but CityRealty listings currently show 7,370 apartments for rent in core areas of New York.
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In recent days, Central Park Tower has been in the headlines for a duplex apartment on the 127th and 128th floors listed for a whopping $150 million. If this eight-bedroom, nine-bath home located 1,300 feet high in the air closes for the asking price, it will be New York City's third most expensive sale.
Additional sales listings start at $6.9 million, and a pair of rentals is also on the market. Among them is #58N, a 2-bedroom, 2.5-bath home located about halfway up the tallest residential building in the world, yet still at a lofty height that allows for jaw-dropping Central Park views. Residents of this apartment will have access to all the building's services and amenities, which include the world's highest ballroom.
Many listings promise that "no detail was overlooked," and that is certainly the case at this Central Park Tower home. Take an in-depth look at the exquisite finishes, top-of-the-line appliances, and panoramic views here.
Additional sales listings start at $6.9 million, and a pair of rentals is also on the market. Among them is #58N, a 2-bedroom, 2.5-bath home located about halfway up the tallest residential building in the world, yet still at a lofty height that allows for jaw-dropping Central Park views. Residents of this apartment will have access to all the building's services and amenities, which include the world's highest ballroom.
Many listings promise that "no detail was overlooked," and that is certainly the case at this Central Park Tower home. Take an in-depth look at the exquisite finishes, top-of-the-line appliances, and panoramic views here.
Floor plan via Extell
↓ Floor-to-ceiling windows fill the home with natural light and unhindered views of Central Park.
↓ The separate kitchen comes equipped with marble countertops, an undermount sink, and integrated Miele appliances.
↓ The apartment comes with an in-unit washer/dryer.
↓ Both bedrooms have en suite baths, and there is a separate powder room off the entrance foyer.
↓ The primary bath features radiant heated floors, the finest imported stone, custom millwork, and state-of-the-art Toto toilet.
↓ The Central Park Club offers 50,000 square feet of amenities spanning three massive floors.
↓ The 14th-floor terrace features a 60' outdoor pool, cabanas, and sun deck facing spectacular city views.
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