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A blog from CityRealty (Links below will take you to the 6sqft site)

Rental Building News and Offers

Eagle + West is one of the few sizeable rental developments that will present much-needed apartment supply later this year (credit: Brookfield/OMA Architects Eagle + West is one of the few sizeable rental developments that will present much-needed apartment supply later this year (credit: Brookfield/OMA Architects
New Yorkers are typically unflappable, but rising rents of the past few months have started to rattle renters and agents alike. A new report by Apartment List found that New York City rents have increased 1.6% over the past month, in the third straight month of rent increases in 2022, and increased 31.8% in comparison to this time last year. Indeed, New York City’s month-over-month rent growth ranked 14th among the 100 largest cities in the United States. Additionally, a recent study highlighted in The Real Deal found that the concessions that once enticed renters - think a month or two of free rent, amenity credits, and/or gift cards - have all but vanished, with landlords offering the lowest share in six years.
Lack of inventory is a significant factor. Vacancies remain under two percent for the fifth straight month, and a recent report found that Manhattan listing inventory has fallen 77% from April 2021 levels. The outer boroughs are offering no respite, with Brooklyn inventory down 84% from last year and Queens inventory down 89%. Report author Jonathan Miller calls it the most significant annual decline for the month on record. In what is perhaps the understatement of the century, Mr. Miller told Crain's New York Business, "It is not a fun market for tenants at the moment."
315 West 55th Street
Against this backdrop, bidding wars have erupted for relatively run-of-the-mill apartments, and luxury buildings report that one in three lease signings was affected by a bidding war. This has had the effect of driving prices up even further. Others who got used to living on their own have gone back to living with roommates; data from roommate listing site SpareRoom found that roommate rents have not risen as sharply as solo rents.
Senior economist Joshua Clark suggests that the increased prices will push some tenants out of New York, which will in turn build up listing inventories. If enough apartments are listed, rent growth could possibly stabilize. It is a little soon to say whether that day is coming; while Equity Residential reported that bargain-hunters are starting to move out rather than pay higher rents (h/t Bloomberg), they noted on that same earnings call that they can still easily attract new residents. This comes as little consolation to people who are scrambling to find a livable apartment within their budget, and the New York Post notes that inflation is not helping matters.
In the second full week of May 2022, CityRealty listings show only 4,051 publicly listed units for rent throughout New York City, with the median rent climbing to $4,985/month for Manhattan. However, with today's more relaxed work arrangements, neighborhoods in the outer boroughs may emerge as a more viable option than renters had previously considered. These areas outside Manhattan offer more bang for the buck and an interesting living atmosphere for less money.

Last week, a total of 130 rental listings experienced price reductions. We take a look at newly discounted listings below, along with a selection of recently launched buildings and new developments about to start leasing soon. Pre-registering with these buildings can grant potential tenants access to the latest updates and any incentives before the general public.
762-Metropolitan-Avenue-02-Manhattan skyline from Crown Heights, Brooklyn Manhattan skyline from Crown Heights, Brooklyn (CORE)

Coming Soon

Lyra, 555 West 38th Street, Midtown West
52 stories | 600 units
Developed by Rockrose Development | Design by Pelli Clarke Pelli
Learn more and register here

555-West-38th-Street-01 Rendering of Lyra (Pelli Clarke Pelli)
The area around the Javits Center was typically at its liveliest during conventions, but that has changed with the opening of Hudson Yards and a surrounding building boom. Lyra's soaring height will allow residents to enjoy views of the Javits Center's green roof and the Hudson River. All studio through two-bedroom units will feature thoughtful living space and gourmet kitchens, and the amenity package is set to include a fitness center, squash court, golf simulator, coworking center, and sky lounge.

3ELEVEN, 311 Eleventh Avenue, Chelsea
62 stories | 990 units
Developed by Douglaston Development | Design by FXCollaborative
Learn more and register here

311-Eleventh-Avenue-01 3ELEVEN rendering (Douglaston Development)
3ELEVEN spans the entire blockfront of Eleventh Avenue between West 29th and 30th Streets. All units will feature efficient layouts, open floor plans, 6" plank European oak flooring, and kitchens with quartz countertops and stainless steel appliances. Over 50,000 square feet of indoor and outdoor amenities are set to include an outdoor pool, private cabanas, multiple outdoor terraces, a fitness center, meditation space, many communal lounges, a pet care facility, two outdoor dog runs, bicycle storage, and a parking garage.

Eagle & West, 1 Eagle Street, Greenpoint
40 stories | 745 units
Developed by Brookfield Properties | Design by OMA Architects
Learn more and register here

1-Eagle-Street Eagle & West rendering (OMA New York)
The complementary towers that comprise Eagle & West, a new Greenpoint Landing development, were designed to make the most of waterfront views and abundant natural light. Details are not yet available about the apartments' interiors, but an impressive amenity package is set to include an outdoor resort-style pool, an indoor lap pool, a state-of-the-art gym, a coworking center, a fully equipped game room, a children's playroom with terrace access, a lounge with terrace access, and a rooftop terrace with bocce court, BBQ grills, and lounge and bar seating.

Newly-Launched Rental Developments

Magnolia DUMBO, 160 Front Street
21 stories | 320 units
Developed by RXR Realty | Design by Morris Adjmi Architects
Completed in 2022
6 available listings from $4,001/month

Up to 2 months free rent

160-Front-Street-01 Magnolia DUMBO (Williams New York)
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Magnolia DUMBO is the rental component of the 1.1 million-square-foot, full-block DUMBO development designed by Morris Adjmi Architects. All units feature high ceilings, warehouse-inspired windows, kitchens with Bosch appliances, and in-unit washer/dryers. The building is home to a 77,000-square-foot Life Time Fitness outpost, and amenities include an attended lobby, game room, terrace lounge, outdoor pool deck, and 23,000-square-foot private park. The building is currently offering one month free rent on 12-month leases and two months free rent on 24-month leases. See full details here.

7 Dey Street, Financial District
21 stories | 320 units
Developed by SL Green Realty Corp. | Design by FXCollaborative
Completed in 2022
1 available listing for $4,650/month

1 month free rent

7-Dey-Street-01 7 Dey Street (SL Green)
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7 Dey Street is the latest entrant in a newly residential Financial District. Select apartments have private terraces, and all units come with wall-to-wall windows, white oak flooring, custom kitchens, well-designed baths, and in-unit Bosch washer/dryers. The 31st and 32nd floors are dedicated to residential amenities like co-working areas, a conference room, a fully equipped fitness center and hot yoga studio, two indoor lounges with outdoor terraces, and a roof deck. The building is a participant in Bilt Rewards, a loyalty program that allows people to earn points by paying their rent. It is also offering one month free rent. See full details here.

Maverick Chelsea, 225 West 28th Street
21 stories | 111 units
Developed by HAP Investments | Design by DXA Studio
Completed in 2022
6 available listings from $5,769/month

1 month free rent

225-West-28th-Street-01 Maverick Chelsea (HAP Investments)
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Maverick Chelsea makes a bold statement in its streetscape across from FIT, and the rental component is housed in the grey-faceted section. All interiors feature ceilings up to 10 feet high, white oak European flooring, kitchens with custom Scavolini cabinetry and stainless steel appliances, well-designed baths, and in-unit washer/dryers. Amenities include attended lobby, state-of-the-art fitness center, 60-foot lap pool, sauna and steam room, library, lounge, billiards room, children's playroom, rooftop terrace, and outdoor kitchen. The building is currently offering one month free rent. See full details here.

One East Harlem, 2319 Third Avenue
19 stories | 404 units
Developed by The Richman Group, Bridges Development Group, and Monadnock Development | Design by S9 Architecture
Completed in 2022
8 available listings from $2,469/month

1 month free rent

2319-Third-Avenue-01 One East Harlem (Douglas Elliman)
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Years after a rezoning that allowed for greater building density, One East Harlem is set to bring hundreds of housing units, a new supermarket, and new retail space to a newly bustling section of East 125th Street. All units feature high ceilings, wood-plank floors, contemporary kitchens, elegant baths, and in-unit washer/dryers. Amenities include an attended lobby, business center, fitness center, game room, club room, terrace lounge, and rooftop garden. The building is now offering one month free rent on a 13-month lease. See full details here.

Gotham Point, 57-28 2nd Street, Long Island City
57 stories | 900 units
Developed by Gotham Organization | Design by Handel Architects
Completed in 2022
11 available listings from $3,300/month

1 month free rent

57-28-2nd-Street Gotham Point (Gotham Organization)
Gotham Point apartment
Gotham Point amenities
Long Island City has seen an incredible amount of new development in recent years, and Gotham Point is one of the tallest and densest communities to take shape. All units feature luxury plank flooring, complimentary window treatments, Silestone quartz countertops, energy-efficient stainless steel appliances in the kitchens, state-of-the-art faucets and fixtures in the baths, and in-unit washer/dryers. Gotham Point is pet-friendly, and residential amenities include coworking lounges, an indoor/outdoor fitness club, a well-appointed game room, a children's playroom, and a rooftop terrace with grills, fire pits, and a rooftop farm. See full details here.

Rise LIC, 29-17 40th Avenue, Long Island City
10 stories | 103 units
Developed by SB Development | Design by Fogarty Finger Architects
Completed in 2022
5 available listings from $3,200/month

Credits by Hello Alfred and Levy

29-17-40th-Avenue-01 Rise LIC (Modern Spaces)
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In the wake of a 2008 rezoning, Rise LIC has taken shape in the newly robust Dutch Kills section of Long Island City. Select units come outfitted with Bumblebee modular furniture, and all interiors feature organic materials, floor-to-ceiling windows, high ceilings, light wood flooring, modern kitchens, spa-inspired baths, and in-unit washer/dryers. Amenities include a lobby with a green wall, a fitness center with yoga studio, a rooftop with indoor lounge and outdoor terrace, a pet-washing station, bike storage, and on-site parking. An affordable lottery took place earlier this winter, and the building is offering credits for Hello Alfred concierge service and Levy electric scooters with new leases. See full details here.

125 Kings Highway, Gravesend
7 stories | 61 units
Developed by 125 Kings LLC | Design by BDF Design
Completed in 2022
1 available listing for $2,417/month

1 month free rent

125-Kings-Highway-01 125 Kings Highway (Compass)
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125 Kings Highway is a modern new rental in Gravesend up the street from an express subway stop. All units feature large windows, thoughtful layouts, kitchens with sprawling counterspace and high-tech appliances, and baths with custom finishes and soaking tubs. The building welcomes pets, and amenities include a landscaped courtyard, central laundry room, fitness center, and package room. It is offering one month free rent on 13-month leases. See full details here.

Third at Bankside, 2401 Third Avenue, Mott Haven
25 stories | 548 units
Developed by Brookfield Properties | Design by Hill West
Completed in 2022
15 available listings from $2,455/month

Up to 3 months free rent

2401-Third-Avenue-01 Third at Bankside (Brookfield Properties)
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Third at Bankside is the first phase of Brookfield Properties' Bankside master plan, and rose on the former JL Mott Iron Works site. The new building features two distinct facade styles - one made of masonry and brick, one with glass and metal - and is reached via two private entry courts. All apartments are reached via keyless entry and feature interiors by Whitehall Designs, hardwood floors, modern kitchens, in-unit washer/dryers, and oversized windows facing sweeping river and city views. Approximately 20,000 square feet of amenities include a double-height lobby with 24-hour concierge service, a fitness center with studio spaces and premium equipment, a game room, a playroom, an outdoor pool deck with grilling stations and a furnished terrace, a bike room, and on-site parking with valet service and electric vehicle charging stations. The building is offering three months free rent on studios, and two months free rent on all other apartment types. See full details here.

102 Charlton Street, Soho
15 stories | 37 units
Developed by Lalezarian Properties | Design by Ismael Leyva
Completed in 2022
3 available listings from $4,550/month

1.5 months free rent

102-Charlton-Street-01 102 Charlton Street (CityRealty)
Hudson Square rentals
Soho rentals
102 Charlton Street cantilevers over the tenement next door, and its glassy facade glistens in stark contrast to its brick and stone surroundings. All units feature modern finishes, floor-to-ceiling windows, kitchens with stainless steel appliances, baths with Kohler fixtures, and in-unit washer/dryers. Amenities include a lobby with green wall, a bike room, a lounge, and a roof deck. See full details here.


Notable Rental Discounts
329-East-132nd-Street-01 Bridgeline, #10C (Bohemia Realty Group)
From the Listing: Welcome to Bridgeline, where residents enjoy spectacular amenities, sophisticated finishes, and convenience all for a great value. The apartment boasts oversized windows, hardwood floors throughout, in-unit washer/dryer, and a sleek, modern kitchen with stone counters, dishwashers, and stainless appliances. See floor plan and full details here.

535-West-110th-Street-01 535 West 110th Street, #5B (Warburg Realty Partnership)
From the Listing: Move right in to this spacious sublet in a premier prewar, full service co-op building. The apartment features an entry foyer, hardwood floors, a washer/dryer, 4 large closets, and 10-foot ceilings. French doors lead into a living/dining room that provides ample space to entertain. The bedroom faces both east and north and fits a queen-sized bed plus other furnishings. The galley kitchen is well designed with tons of storage and stainless steel appliances including a dishwasher. The windowed bathroom is in excellent condition. See floor plan and full details here.

23-10-41st-Avenue-01 Q41, #17A (MNS)
From the Listing: This one-bedroom apartment with a private balcony is absolutely beautiful. The details are so charming and the space is great. The open kitchen with walnut cabinets has stainless steel appliances, dishwasher, microwave and a refrigerator. Offering 3 week complimentary. See floor plan and full details here.

From the Listing: The apartment features bright and sunny eastern river views, full size open kitchen with dishwasher and a large island, ample closet space, washer/dryer, and a king size bedroom with double closet space. Oxford luxury condominium features full time doorman, indoor lap swimming pool, state of the art fitness center, lounge and a large courtyard terrace. See floor plan and full details here.

137-West-95th-Street-01 137 West 95th Street, #BR (Douglas Elliman)
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From the Listing: Brownstone duplex two-bed, two-bath apartment with a private garden is located on a beautiful tree lined street right off Columbus Avenue. The renovated kitchen comes with plenty of cabinet space including a dishwasher and built in microwave. Both bathrooms are renovated within one have a tub and the other a shower. The private garden can't be beat. See floor plan and full details here.

17-West-74th-Street-01 17 West 74th Street, #1B (Compass)
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From the Listing: This newly renovated unit offers a beautiful & large private garden to enjoy out doors while you are still in your apartment.. Large living room, bedroom that can easily fit king or queen size bed set is a huge plus. Full appliance kitchen with cherry wood cabinets, stainless steel appliances makes cooking a pleasure. Strictly NO DOGS are allowed! See floor plan and full details here.

301-Cathedral-Parkway-01 Towers on the Park III, #16G (Nest Seekers)
From the Listing: Newly renovated 2-bedroom, 1.5 bath apartment! The condominium has a live-in Superintendent, a 24 hour concierge/doorman 2 private gardens, community rooms for parties / meeting space, laundry & storage rooms, bike storage, and a parking garage. A gourmet supermarket is conveniently located at the base of the South Tower, and other commercial tenants include a dry cleaner, a bike shop, an insurance agent and 3 food establishments. Up to two cats per unit allowed. See floor plan and full details here.

From the Listing: This West Chelsea one bedroom features an open, loft-like layout and 9.5 foot ceilings. The modern kitchen highlights Caesarstone countertops, a Liebherr refrigerator, and a Bosch range, as well as dishwasher and microwave appliances. The bright bedroom offers a floor-to-ceiling closet and three west-facing CitiQuiet windows. Two through-the-wall A/C units and new moldings keep the entire apartment comfortable. See floor plan and full details here.

From the Listing: At 859 square feet, apartment 506 is being offered at one of the lowest price per square foot that you will see in Manhattan. Oversized windows complement soaring 10-foot ceilings, expansive living room, the gourmet kitchen is both spacious and efficient with a full sized refrigerator. The bathroom has undergone a transformative update that now includes all new subway tile, marble-topped vanity, a brand new claw-foot soaking tub as well as the addition of a spa glass shower. The raised bedroom has been outfitted with additional built in closets, smartly doubling your storage while keeping the bedroom spacious. Offered fully furnished only. See floor plan and full details here.

308-Clifton-Place-01 308 Clifton Place, #1 (Corcoran)
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From the Listing: Come live in this stunning FURNISHED 2-bed (or 1-bed plus office) townhome duplex, complete with outdoor space! Enter on the garden level to see a a large open kitchen, generous living area and stylish bath. The generous queen bedroom, and twin room/office are south facing, with the smaller room providing access to private outdoor space. The spiral staircase leads to an ample basement - with approximately 2,000 square feet of home here, you will have plenty of room to enjoy as well as your own washer and dryer. See floor plan and full details here.

21-India-Street-01 The Greenpoint, #31B (Compass)
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From the Listing: High ceilings and large windows allow for an openness unmatched throughout this incredible Brooklyn neighborhood. Quality finishes throughout the home including wide plank walnut floors, a honed Statuario marble countertop and backsplash, and a premium Miele appliance package including gas cook top and double wall ovens. The marble bathroom offers a walnut vanity with Dornbracht matte black fixtures while a generous walk-in closet and Bosch washer/dryer complete the package. See floor plan and full details here.

231-West-113th-Street-01 231 West 113th Street, #TH (Brown Harris Stevens)
From the Listing: 231 West 113th Garden #1 is the perfect place to call home. Full floor through with south and north exposures with oversized windows on a tree-lined street. Renovations completed February 2022 with granite counter tops, shaker cabinets, LG profile appliances, newly installed video intercom system, washer/dryer, hardwood floors throughout 3 decorative fireplaces, 2.5 baths - the bedrooms boast 11’ ceilings the garden/parlor ceilings boast 8.6' ceilings. See floor plan and full details here.

200-Chambers-Street-01 200 Chambers Street, #7J (R NYC)
From the Listing: Corner unit one-bedroom with high ceilings (unique to 7th floor) and Hudson River views. The apartment features floor-to-ceiling windows, hardwood floors, and 11-foot-high ceilings. The luxury kitchen includes appliances from Sub-Zero, Viking and Bosch. See floor plan and full details here.

160-East-89th-Street-01 160 East 89th Street, #5D (Brown Harris Stevens)
From the Listing: Don’t miss the opportunity to live in this great building in the heart of Upper East Side. The apartment features a spacious sunken living room, a separate windowed kitchen with stainless steel appliances, and a dining room. Additional features include high beamed ceilings, hardwood floors, generous closet space, and in-unit washer/dryer. See floor plan and full details here.

400-West-63rd-Street-01 The Ashley, #1606 (Compass)
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From the Listing: Apartment #1606 features over 900 sq. ft. with open corner living space, tons of windows, and north, south, and west exposures. The eat-in galley kitchen is outfitted with Caesarstone quartz countertops, copper mosaic tile backsplash, and GE stainless steel appliances. The primary bedroom can easily fit a king-sized bed, and there is an in-unit Bosch washer/dryer. See floor plan and full details here.

368-Third-Avenue-01 VU New York, #15C (Compass)
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Southgate Southgate
434-East-52nd-Street-01 Southgate, #7G (Corcoran)
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515-East-72nd-Street-02 515 East 72nd Street, #29F (Compass)
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1-Central-Park-South The Plaza, #1804
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From the Listing: Welcome to 1804 at the iconic Plaza Condominium Residences located on 59th Street and Fifth Avenue directly in front of Central Park! This pristine high floor over-sized corner one-bedroom features a separate windowed home office, dining room or sleeping area with its own closet. A gracious entry gallery leads to an expansive living room with high ceilings, south facing floor-to-ceiling French doors and Juliette balconies. See floor plan and full details here.

30-Riverside-Boulevard-01 Two Waterline Square, #31D (Corcoran)
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217-West-57th-Street-01 Central Park Tower, #43D (Corcoran)
NYC supertalls
Billionaires Row condos
NYC luxury condos
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51-Fifth-Avenue-01 51 Fifth Avenue, #12A (Compass)
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10-Sullivan-Street-01 10 Sullivan Street, #4A (Douglas Elliman)
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Additional Info About the Building