The Powellton, #3B (Compass)
The autumnal equinox isn't until September 22, 2022, but September 1 is considered the first day of fall by meteorologists, climatologists, and the casual observer alike. Fall typically means the end of New York's frenzied moving season, but it remains to be seen whether that will be the case in the current market. Average Manhattan rents remain stratospheric, having topped $5,000/month earlier this summer. This, combined with a number of workplaces offering more flexible arrangements, has opened the minds of many renters to further reaches of the outer boroughs; which in turn has brought bidding wars to run-of-the-mill apartments in somewhat remote areas.
Meanwhile, between insufficient new residential construction, renters holding onto their reasonably priced listings, and rising interest rates scaring some away from buying, inventory remains tight. Some have wondered how long the high-priced rents can last, and have speculated that we could be in for a price drop later this fall or winter. However, it must be noted that even if this does come to pass, we are not likely to see the deals some enjoyed during the darkest days of Covid.
In this article:
Amidst this landscape, CityRealty listings show a total of 4,976 publicly listed units for rent throughout Manhattan, Brooklyn, and parts of Queens, the Bronx, and the New Jersey Gold Coast, down 32.4% from this time last year. Among them, a total of 204 rental listings throughout New York experienced price reductions from August 23-30, 2022. We take a look at some notable listings below.
8 Greene Street, #5 (Compass)
From the Listing: As you enter this floor-through unit, you will see an open kitchen and a massive 20-foot-wide living room that is ideal for entertaining with generously sized eastern facing windows. Exposed brick walls and oversized windows highlight the soaring 12-foot ceilings. The fully-renovated kitchen is equipped with a new full-size brand-new Bosch dishwasher, Wolf gas stove/oven, a Sub-Zero refrigerator, and a wine cooler. This open kitchen comes with abundant wood cabinetry with floating wood shelving create a sleek aesthetic without sacrificing optimal efficiency and organization. This unit comes with Sonos wireless speakers and home sounds systems and three wall-mounted TVs in the bedroom, kitchen, and media room. See floor plan and full details here.
133 West 14th Street, #2 (Berkshire Hathaway HomeServices)
From the Listing: Spectacular ceiling height, huge windows allow phenomenal southern light to radiate through this mint condition full floor condo loft with a private terrace! Only the finest materials were used in the design of this architects’ own one-of-a-kind home that was built to the most exacting standards. Ten-foot-tall windows face south to ensure constant light all day long while floor to ceiling glass curtain walls overlooking landscaped gardens provide the feeling of being one with nature and simple access to your private terrace. The enormous chef’s kitchen has what feels like acres of marble, Italian cabinetry, stainless steel appliances and a range hood vented to the exterior. See floor plan and full details here.
325 East 90th Street, #2 (R NYC)
From the Listing: Fantastic one-bedroom is only one flight up with beautiful French doors that fits a queen-size bed or even a king, dresser and 2 nightstands! This apartment has been completely renovated with beautiful gleaming hardwood floors, new countertops, hardwood cabinets, stainless steel appliances, Italian tumbled marble tiles, and recessed lighting and crown molding throughout the home! Now with no broker's fee OR one month complimentary rent! See floor plan and full details here.
Kalahari Harlem, #B603 (Brown Harris Stevens)
From the Listing: Enjoy this spacious and bright 3-bedroom/2-bath in prime Harlem! Upon entry you will find a wide foyer, a large dining area. This apartment offers southern exposure and unobstructed views of the empire states building.
Enjoy views of the city from your 78-square-foot private balcony for your enjoyment. The large en-suite primary bedroom with walk-in closet and has a marble bathroom and deep soaking Kohler bathtub. The other bedrooms are located on the other side of the apartment. See floor plan and full details here.
68 Thomas Street, #5R (Compass)
From the Listing: Situated on one of the most sought-after Tribeca streets, this south-facing home features keyed elevator entry, in an exclusive building just steps away from the iconic Odeon restaurant. The lower level includes the airy living room and dining area, an open kitchen with and fully vented hood and Bertazzoni stove, and an in-unit washer/dryer. The first floor bedroom has an en-suite bathroom, walk in closet and plenty of space. Find your way upstairs to the spacious primary suite which overlooks the lower level plus offers direct access to your private roof terrace. See floor plan and full details here.
Belltel Lofts, #11E (Compass)
From the Listing: Residence 11E is an enormous 1,627-square-foot 3-bedroom (one bedroom+ two home offices used as bedrooms) loft with open western exposures. Immaculately maintained and updated, this home has solid bamboo floors, soaring ceilings, generous proportions and tons of customized closets and storage spaces. Located in an iconic Ralph Walker Art Deco building in Brooklyn! See floor plan and full details here.
The Century, #9F (Brown Harris Stevens)
From the Listing: As you enter this beautifully renovated home in The Century, you are immediately greeted by many of the Art Deco details including impressive arches, high ceilings, original moldings and exquisite Brazilian walnut flooring. The elegant foyer has two large cedar lined closets.
The gracious living room enjoys a sunny south view through a very large window. The renovated kitchen includes stainless-steel appliances, stone counter-tops, stone back splash, stone floor and a separated south facing windowed dining area/office. See floor plan and full details here.
200 Chambers Street, #29D (Nest Seekers International)
From the Listing: This luxury 3-bedroom 3-bathroom home offers an unparalleled high-quality, timeless design with spacious, light-filled layouts and breathtaking views. Interiors feature a formal entry foyer with massive walk-in closet, floor-to-ceiling windows, central air conditioning, and a brand-new in-unit washer/dryer. The open pass-through kitchen comes outfitted with state-of-the-art appliances like a Viking stove, Sub-Zero refrigerator, and a Bosch dishwasher. See floor plan and full details here.
50 West, #54A (Time Equities Brokerage LLC)
From the Listing: High-floor corner residence with north and east exposures and a wall of floor-to-ceiling windows provides glittering views of the Hudson River, New York City, and One World Trade Center from this bright and airy oversized living room. The primary bedroom features an en-suite five-fixture bath with a floating, backlit marble vanity, radiant floor heating, Hansgrohe polished chrome fixtures, an electronic Toto water closet, a stall shower, and a separate deep soaking tub. See floor plan and full details here.
The Powellton, #3B (Compass)
From the Listing: This stunning 4-bedroom, 2-bath unit was fully renovated only a couple years prior to include a wine fridge, full size Sub-Zero fridge and Viking appliances.
Hardwood floors run throughout the unit and there is a generous amount of living space that allows for entertaining. Large windows flood the unit with natural light and create a sunny oasis away from the noise of the city. Unit can come fully furnished. See floor plan and full details here.
Lincoln Spencer Arms, #79B (Douglas Elliman)
From the Listing: True one-bedroom apartment features soaring ceilings, hardwood floors, crown moldings, and has an airy voluminous feel. The open living area has sufficient room for a dining alcove.
The separate kitchen is designed for an efficient use of space with gorgeous custom cabinetry aligned in a double row offering ample kitchen storage. The bedroom faces south getting great light. A large custom closet is included with built-in shelving and drawers. Pets not allowed for renters. See floor plan and full details here.
ABI Chelsea, #5S (The Corcoran Group)
From the Listing: Located on the most prime West Chelsea block, live in the most bespoke 1,303-square-foot, 2-bed, 2-bath boutique 24-hour doorman condo. With 10-foot loft ceilings in a spacious living area, the chef’s kitchen features top-of-the-line European appliances and custom cabinetry. Primary bedroom has an en-suite bathroom. Vented washer/dryer in-unit. See floor plan and full details here.
26 West 74th Street, #4B (Nest Seekers International)
From the Listing: Apartment 4B is a convertible 2-bedroom and 1-bathroom with an open-plan living room and dining area with a kitchen that boasts highest quality custom cabinetry with farmhouse sink and Restoration Hardware faucet fixtures, Carrara Marble countertops and backsplash. Top-of-the-line appliances include a Viking range, Sub-Zero refrigerator, Bosch dishwasher, and a built-in microwave. The open floor plan provides an incredible flow and endless flexibility with custom made bi-fold, glazed glass, steel frame doors. The very peaceful, south-east facing bedroom features beamed ceiling, exposed white brick wall, and two custom built-in closets. See floor plan and full details here.
733 Knickerbocker Avenue, #4R (KWNYC Midtown)
From the Listing: Gut-renovated Bushwick loft features 13-foot ceilings, exposed brick, new floors, new HVAC systems, and in-unit laundry. The kitchen features stainless steel appliances, including a dishwasher. See floor plan and full details here.
319 East 92nd Street, #5E (The Corcoran Group)
From the Listing: This absolutely gorgeous apartment is renovated and oversized. It has four huge bedrooms, two baths (one on each floor), a fully equipped kitchen, dining/living space combination and a large terrace. All bedrooms have their own large closet, and the upstairs bedrooms have sliding doors leading to the terrace. See floor plan and full details here.
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