30E31, #28 (Compass)
Earlier this week, the Federal Reserve approved an interest rate increase in the hopes of combating inflation. It remains to be seen what effect this will have on the economy as a whole and homeownership, but the timing coincides with a report from RentCafe showing that across the country, renting is at the highest level in over half a century. New York was not among the cities or zip codes where renters became the majority over the past decade, perhaps because renters already accounted for a significant portion of the population. Indeed, zip code 10162 (a small section of the Upper East Side) is one of five in the United States populated entirely by renters. Additionally, eight Upper Manhattan zip codes recorded renter populations of 90% or higher.
In this article:
Renter zip codes (RentCafe)
After a year and a half of dizzying rent increases, things are starting to turn around in the rent market. According to ApartmentList's November rent report, rents in New York decreased 2.2% month-over-month in September in one of the sharpest declines in the country. This comes as welcome news to prospective renters, but they are still in an expensive market: The report also found that New York City rents are up 8.6% in comparison to last year.
Meanwhile, a total of 483 rental listings experienced price reductions from October 26-November 1. A selection of notable listings may be found below, but they may not last long.
Meanwhile, a total of 483 rental listings experienced price reductions from October 26-November 1. A selection of notable listings may be found below, but they may not last long.
308 West 82nd Street, #7B (Douglas Elliman)
From the Listing: Loft-like apartment with 9.5-foot ceilings and just under 1,000 square feet. Every room has a window and closets. Just two flights up! See floor plan and full details here.
400 Park Avenue South, #24A (The Corcoran Group)
From the Listing: The beautifully proportioned 1,250-square-foot, 2-bedroom, 2 full bath corner condo features top quality finishes, luxury comforts and high-end systems. Offering impressive scale with an open loft-style formal room and open eat-in kitchen and a well-planned split bedroom layout that allows for flexibility with en-suite baths in each. The home’s elegant design maintains a balance of loft-style openness in the entertaining areas, while also creating privacy in the living areas. High-end comforts and details include central air conditioning, top-of-line appliances, white oak hardwood floors, spa-like bathrooms and a laundry closet with Bosch washer and dryer. Available furnished! See floor plan and full details here.
The 155, #20B (Maz Group NY)
From the Listing: This sun-drenched king-size fully furnished 1-bedroom, 775-square-foot apartment in the heart of Murray Hill is located on the 20th floor with open views. The space features an extra large living room with crown molding, in wall air conditioning and a full wall of windows facing west, enjoying beautiful midday light, gorgeous sunsets and iconic Empire State building views. The king-sized bedroom features hardwood floors and boasts a generous California closet.
The open kitchen features a gas stove and large sink with appliances and cutlery included. See floor plan and full details here.
30E31, #28 (Compass)
From the Listing: Offering abundant light and views in triple directions, unit 28 captures the dynamic New York City skyline at its finest, anytime of day or night. As you enter into the open kitchen and living space, you are welcomed by exquisite northern skyline views of Manhattan. The kitchen offers custom walnut cabinetry, crafted in Italy, and is complemented by quartzite countertops and backsplashes. With cabinetry custom-designed by Morris Adjmi, and appliances by Bosch, Sub-Zero, and Wolf, no details have been spared. Both bedrooms feature the same floor to ceiling picture frame windows, looking south. One month free rent! See floor plan and full details here.
Gateway Plaza, #14F (Gateway Leasing Office)
From the Listing: Only a few blocks from the Financial District and Tribeca, Gateway is home to 36 acres of parks, green space and many outdoor activities. These NO FEE apartments feature breathtaking views of downtown Manhattan, New York Harbor, and Ellis Island; and are steps away from chic cafes, restaurants and boutiques. Amenities include 24-hour doorman, rooftop terrace, resident lounge, laundry rooms, children's playroom, private park, health club featuring Peloton bikes and outdoor swimming pool. See floor plan and full details here.
The Atlantic, #2203 (The Atlantic Leasing Office)
From the Listing: Spacious floor plans and sweeping waterfront views define these no-fee apartments located on Jersey City's spectacular Hudson River Waterfront - directly across from Manhattan. The luxury residences at Newport offer fabulous amenities and unparalleled value. Get More Outdoors at Newport - the most green space of any residential community in Jersey City. There are acres of parks and open lawns, miles of waterfront walkways, and even an urban beach - sand included! See floor plan and full details here.
Hawthorn Park, #2BED2BATH (Glenwood Management)
See full details here
Circa Central Park, #PH2A (The Corcoran Group)
From the Listing: Enter into an expansive living/dining room area with unobstructed park views, a perfect place for entertaining. Enjoy endless possibilities with custom Italian cabinetry that provides ample storage space, a generously sized natural stone topped center island as well as an additional counter prep station, Sub-Zero side-by-side custom paneled refrigerator and freezer, Bosch gas cooktop with vented hood, warming drawer, paneled dishwasher, and wine cooler.
Step out onto your private terrace, conveniently located off the living/dining room, and enjoy the warmth of an indoor/outdoor fireplace overlooking expansive city and Central Park views.
See floor plan and full details here.
Chelsea Manor, #1G (Vertical Real Estate)
From the Listing: Rising six stories, 421 West 21st Street has undergone massive improvements since its new ownership took the helm a few years ago. Each residence has been painted by a broad brushstroke of luxury; adding genuine Caesarstone countertops, Shaker cabinets, travertine backsplash, Bosch dishwashers, Blomberg stoves, and Liebherr refrigerators in the kitchens. The bathrooms have been enhanced to include Carerra marble and herringbone marble floors. In addition, each space has Bosch washer/dryers. All rooms fit queen-size beds and desks. See floor plan and full details here.
16 Jay Street, #3 (Douglas Elliman)
From the Listing:Perfectly located on one of the most sought-after and quiet cobblestone streets in the heart of prime Tribeca, the third floor at 16 Jay Street offers you 3,744 square feet of character-filled, gracious and practical loft-living. The generous scale and thoughtful layout features a five-window-wide great room, three spacious bedrooms with easy accommodation for a 4th, a separate home office, separate lounge, north, south and western exposures, a separate gourmet chef’s kitchen, three walk-in closets, abundant storage space, a powder room, a washer/dryer and much more. See floor plan and full details here.
57 Himrod Street, #1 (Compass)
From the Listing: Enter through a private entrance into this sprawling apartment across 2 floors with 2 bedrooms and 1.5 bathrooms -- private backyard with grill and outdoor furniture -- rec room with washer and dryer! Lock in this great rental price for up to 18 months! See floor plan and full details here.
158 West 23rd Street, #PH (Douglas Elliman)
From the Listing: The apartment is a full floor-through loft with three bedrooms and a keyed elevator which opens into a luxurious 1,865 square feet space plus a bonus approximately 1,400-square-foot private roof terrace. This penthouse has been completely renovated top to bottom with a sleek design boasting Brazilian Walnut floors, high ceilings, exposed brick, and other pre-war details that makes it very striking.
An open kitchen is a chef's dream with Wolf range, Sub-Zero refrigerator and Miele dishwasher. See floor plan and full details here.
253 East 10th Street, #8 (Vertical Real Estate)
From the Listing: Brand-new gut renovation; never lived in before. All units feature light oak modern, elegant engineered wide plank flooring for max durability. Recessed lighting throughout. The kitchen is equipped with Moen, Samsung and Bosch appliances. See floor plan and full details here.
Kips Bay Towers, #21J (Compass)
From the Listing: Be the first to live in this beautifully renovated contemporary home.
It features gorgeous LVP plank flooring and recessed lights throughout, all new doors, hardware, and new electrical and plumbing. There are wall-to-wall windows with stunning open views facing south allowing direct sunlight all day long and views spanning to the Financial District and Downtown Brooklyn. Extra large living room with separate dining alcove. See floor plan and full details here.
432 Park Avenue, #81A (Sotheby's International Realty)
From the Listing: Showplace furnished penthouse on prized Park Avenue offering 3 large bedrooms, 3 elegant baths & the finest in modern luxury. Enjoy a flood of natural light and spectacular Central Park and skyline views from the 81st floor of the tallest residential tower in the Western Hemisphere, the creative vision of Rafael Vinoly.
This impeccably-designed home boasts airy 12’6” ceilings, refined finishes & east/north windows that showcase awing vistas of Central Park, the East River, George Washington Bridge, and beyond! Your private elevator landing leads into an immaculate interior with a grand 25’ gallery that’s perfect for displaying art. The sun-bathed corner living/dining room is superb for entertaining with a backdrop of views through 10’x10’ picture windows. See floor plan and full details here.
208 Lenox Avenue, #1 (Compass)
From the Listing: Recently renovated, this elegant home boasts 1,750+ square feet of living space (including massive rec room / home office) plus a large and private 400-square-foot garden. With high ceilings and oversized windows, the space is stunningly bright and airy and combines the gracious proportions of a traditional brownstone with a contemporary loft-like configuration.
No expense was spared to optimize usable square feet and ceiling heights tall pocket doors extend natural light into each room and custom built-ins and features abound. The finishes surpass those in most high-end condo conversions. One month free rent! See floor plan and full details here.
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