As of September 3, 2021, CityRealty listings show a total of 7,061 publicly listed units for rent throughout core areas of New York. This marks quite a change from this time last year, when there were nearly 16,000 apartments available for rent all over New York, some at prices thought to be a relic of yesteryear. But between an approved coronavirus vaccine, companies planning to get workers back to the office, and the return of Broadway, demand has spiked to a point where New York has surpassed San Francisco as the most expensive rental market in the United States. A total of 155 rental listings experienced price reductions last week, and a full, sortable chart may be found below.
In this market, rent concessions are one way buildings seek to attract new residents. These are most commonly marketed as a month or two of free rent, but this is typically a misnomer; rather than a month where the resident doesn't have to pay rent, the total amount of the concession is divided by the term of the lease (usually one to two years), and this amount is deducted from the full rent for a lower monthly payment. While the practice leads to residents paying discounted rent, they are typically chosen based on their ability to pay the full rent and thus stay in the building beyond the first year.
While a month or two of free rent is the most common concession, some landlords and building managers have gotten more creative with perks like free amenities, no pet fees, gift cards, or help with moving expenses. We take a look at buildings offering free rent and other perks below.
In this market, rent concessions are one way buildings seek to attract new residents. These are most commonly marketed as a month or two of free rent, but this is typically a misnomer; rather than a month where the resident doesn't have to pay rent, the total amount of the concession is divided by the term of the lease (usually one to two years), and this amount is deducted from the full rent for a lower monthly payment. While the practice leads to residents paying discounted rent, they are typically chosen based on their ability to pay the full rent and thus stay in the building beyond the first year.
While a month or two of free rent is the most common concession, some landlords and building managers have gotten more creative with perks like free amenities, no pet fees, gift cards, or help with moving expenses. We take a look at buildings offering free rent and other perks below.
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834 Pacific Street's design pays tasteful homage to prewar Brooklyn architecture, and interiors feature condo-caliber finishes, upscale appliances, and in-unit washer/dryers. Select units have private terraces. Amenities include an attended lobby, mail and package room, underground garage, lounge with kitchenette and flexible work stations, fitness center with yoga studio, and roof terrace with grills, dining areas, a dog run, a lounge area, and a sun deck.
All images of 562 West End Avenue via Argo Management
562 West End Avenue is a prewar building on the Upper West Side with beautifully renovated apartments within. A live-in superintendent is on staff, and amenities include a spacious bike room and generous central laundry room.
All images of Riverbank via Bozzuto Management
All units at Riverbank are designed to accommodate contemporary lifestyles and make the most of natural light and views. Amenities include a fitness center, indoor pool, media lounge, Harbor Club lounge with dining area, private courtyard, and outdoor terrace with fire pit, vine-covered pergolas, and ample grilling and dining areas.
All images of 5241 Center Boulevard via TF Cornerstone
By virtue of its incredible height and location in the Hunters Point section of Long Island City, residents of 5241 Center Boulevard enjoy gorgeous skyline views as well as modern appliances and finishes. Select units offer private outdoor space, in-unit washer/dryers, and walk-in closets. Residential amenities at 5241 Center Boulevard include a fitness center, lounge, outdoor terrace, bike room, and central laundry room; residents also have access to the amenity offerings of sister building 5203 Center Boulevard, which include a co-working lounge and 50th-floor roof deck.
The Artisan is the largest building in the Essex Crossing master plan that transformed the Lower East Side and took New York by storm. Apartments feature interiors by Fabienne Benmoha, hardwood floors, high-end appliances in the kitchen, and in-unit washer/dryers. Amenities include a modern fitness center, lounge, children's playroom, and rooftop patio with grills and sweeping skyline views.
When Fifteen Park Row was completed in 1899, it was the tallest office building in the world. It has long since been dethroned, but nevertheless combines historic details with modern living styles. All units feature oversized windows and high-end finishes. Amenities at this doorman building include a fitness center, laundry on every floor, a pet washing station, and a chic lounge with a fireplace, comfortable seating, and a billiards table.
All images of 1134 Fulton Street via MNS
All studio through three-bedroom units at 1134 Fulton Street feature abundant natural light, video intercom, state-of-the-art kitchens, and hardwood flooring throughout. Amenities include a pet spa, package room, central laundry room, bike room, garage parking, children's playroom, lounge with game rooms, gym, media room, courtyard, and roof deck.
All images of PLG via Monian
PLG is the tallest building in Prospect Lefferts Gardens, and its extensive amenity package set new standards for the neighborhood. These include an attended lobby, concierge service, a fitness center, an indoor pool with sauna, an outdoor pool with skyline views, a golf simulator, a basketball half-court, a co-working lounge and business center, a game room, a party room, a screening room, a library, and outdoor dog run and children's play area.
(via via Kierstin Kolle of Real New York)
All residences at 100 Ainslie Street enjoy incredible natural light, but soundproof windows keep the noise of this bustling section of Williamsburg out. Residential amenities include a bike room, laundry room, package room, fitness center, and furnished roof deck with 360-degree views of Downtown Brooklyn, Manhattan, and Long Island City.
All images of The Landing via MNS
At The Landing at Brooklyn Bridge Park, oversized windows look out on incredible views of New York Harbor and the Lower Manhattan skyline. Apartments come with high-end finishes and in-unit washer/dryers. An enviable amenities package includes an attended lobby with living green wall, a package room, a bike room, a fitness center with Technogym equipment and separate yoga studio, a children's playroom, and a rooftop lounge and outdoor terrace with BBQ grills.
All images of Ocean via The Moinian Group
Located in the center of Battery Park City, Ocean is surrounded by numerous restaurants and transportation options. Amenities at this fully staffed building include a Venetian-style lobby with complimentary Wi-Fi, a fully equipped fitness center, private laundry on every floor, storage, and a large outdoor plaza.
Rendering of 50 Clarkson via AD Architecture & Design
Interiors via Corcoran
Select units at 50 Clarkson have private terraces, and all apartments feature spacious floor plans, high ceilings, expansive windows, and in-unit washer/dryers. Amenities include an expansive co-working space, a media and billiards lounge, a party room, a fitness center with Peloton bikes and yoga space, a pet-washing station, a bike room, on-site parking, and a furnished rooftop courtyard with unparalleled city views.
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Avalon Fort Greene offering discounts on select units; No-fee rentals from $2,845/month
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