With little surprise, Manhattan comes in first for the highest apartment rents in the country, with Battery Park City leading the way for the most outrageous prices. According to data collected by RentCafe and assembled into an interactive map, the average rent in this downtown ‘hood is about $6,000 per month, followed by the Upper East Side averaging $4,898 per month and the Upper West Side $4,892. Other pricey Manhattan zip codes that made the top ten include the Lower East Side, Soho and Clinton.
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The star actress of the long-running TV show, “How I Met Your Mother,” Cobie Smulders, and husband Taran Killam, Hamilton actor and SNL veteran, have listed their apartment at 2 River Terrace in Battery Park City for $3.995 million. As first reported by Luxury Listings NYC, the 1,580-square-foot-condo has three bedrooms, three bathrooms and boasts a private landscaped terrace. Other celebrities like Leonardo DiCaprio and Tyra Banks have also lived in the building, and filmmaker Oliver Stone just bought an apartment there.
Award-winning screenwriter, film director, producer, and New York native Oliver Stone is moving to Battery Park City. As the New York Post learned, Stone is buying a 24th-floor condo at Riverhouse at 2 River Terrace, a building home to Leonardo DiCaprio and formerly, Tyra Banks (whose duplex hit the market last month for $17.5 million). The $4.35 million apartment boasts 1,982 square feet and floor-to-ceiling windows.
Two years ago, Tyra Banks put her gigantic Battery Park City pad on the rental market for $50,000 a month, but the Times now reports that she’s decided to part ways with it completely, listing the 7,000-square-foot Riverhouse duplex for $17.5 million. Banks, who welcomed her first child last year, is spending most of her time at her homes in Los Angeles and Northern California since her new makeup line is headquartered in LA and both of her hosting gigs–for “America’s Got Talent” and “America’s Next Top Model”–also film there. She did, however, tell the Times that she’ll miss “the feeling of having a home in the sky.”
A report released Monday by the Downtown Alliance shows that the area south of Chambers Street in lower Manhattan is chock full of young New Yorkers with plenty of disposable income; the development advocacy group hopes the news will result in the creation of more options for them to spend it. Crains reports on the survey, which found that 60 percent of apartments in a growing residential sector that includes the Financial District, Battery Park City and the South Street Seaport are home to single tenants and roommates with no children, one of the highest concentrations of young singles–defined as 18- to 44-year-olds, in the city. This spendy demo hits the town every other night on average, blowing about $1,000 a month, adding up to $356 million a year. But according to the report, half of that is spent in other neighborhoods due to a lack of “appealing options” in the area.
Every Friday 6sqft is rounding up five of the best rental deals showcased on CityRealty’s newly launched no-fee rentals page, a space where house hunters can find the best concessions being offered by landlords across the city.
A new week means a slew of new rental deals being offered across the city. Today we’re focusing on upscale rentals in Manhattan, scanning the island from top to bottom, from the Upper East Side to FiDi, for the most generous of rental concessions. Standouts ahead include one month’s free rent and a $1,000 MasterCard gift card at a Robert A.M. Stern-designed Tribeca tower, and two months of free rent on beautiful new rentals in Yorkville.
5 of the Best deals here
He’s been called the King of FiDi with over 2200 apartments under his management. The founder and principal of Metro Loft Management, Nathan Berman specializes in transforming landmark office buildings into luxury rentals. He recently acquired the leasehold for 20 Broad Street, the former New York Stock Exchange building, and plans to convert it to white-glove rental apartments. Other properties include 20 Exchange Place, a 1931 Art Deco office building that used to be the City Bank-Farmers Trust Building, and the former Munson Shipping Company headquarters at 67 Wall Street. Both buildings were converted into luxury rental apartments with condominium finishes and features.
Over the years, Berman has developed a profitable formula that’s yielded some of the most architecturally distinguished rental buildings in lower Manhattan. Ahead, Berman explains his focus on the rental market, as well as his first foray into the world of condos with the uber-luxe 443 Greenwich Street.
Architecture, Battery Park City, Carter Uncut, Features, Financial District, History, opinion, Urban Design
Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us his fourth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at the evolution of the Lower Manhattan skyline.
Lower Manhattan at the start of the Great Depression was the world’s most famous and influential skyline when 70 Pine, 20 Exchange Place, 1 and 40 Wall Street, and the Woolworth and Singer buildings inspired the world with their romantic silhouettes in a relatively balanced reach for the sky centered around the tip of Lower Manhattan.
Midtown was not asleep at the switch and countered with the great Empire State, the spectacular Chrysler and 30 Rockefeller Plaza but they were scattered and could not topple the aggregate visual power and lure of Lower Manhattan and its proverbial “view from the 40th floor” as the hallowed precinct of corporate America until the end of World War II.
The convenience and elegance of Midtown, however, became increasingly irresistible to many.
If you’ve read any of Augusten Burroughs‘ memoirs (“Running with Scissors,” “Dry,” or “Wolf at the Table,” to name a few) you’ll know that his life was quite tumultuous. His NYC home, however, is just the opposite. The Battery Park City studio condo at 225 Rector Place is completely plain and neutral and void of any bells and whistles. His past partner Dennis Pilsits purchased the residence in 2008 for $600,767, but then transferred it over to Burroughs in 2011, presumably as part of their split. Now, according to city records, the New York Times #1 bestselling author has unloaded the pad for a mere $637,000.
Happy Earth Day, friends! As climate change weighs heavy on many of our minds, it’s relief to know that there are developers and architects working hard to create a healthier, more sustainable built environment. Eco-friendly residential design has been on the rise in NYC over the last decade, with buildings today boasting everything from solar panels to greywater treatment to vitamin C-infused showers. CityRealty took a look at some of the newest LEED-rated constructions and green renovations sprouting up across Manhattan and found that the city counts 94 major eco-friendly projects. Another interesting tidbit: Battery Park City and West Chelsea boast the highest concentration of green buildings. How does your neighborhood stack up?
- Leading with LEED: A Look at NYC’s Eco-Friendly Housing
- Green City: Eight of the Biggest Eco-Friendly Developments Happening Right Now in NYC
- Even More Fun Maps on 6sqft