the pierre

Real Estate Wire

  • Although someone’s rented out the Pierre’s $500,000/month presidential suite, there’s still a one-bedroom available for $120,000/month. [NYDN]
  • Rem Koolhaas will design Related’s new building along the High Line. [Architizer]
  • The Branson at Fifth is the city’s worst ‘illegal’ hotel. [Crain’s]
  • Rafael Vinoly is designing a townhouse on East 64th Street. [Curbed]
  • Teamsters have put a Long Island City development site near 5 Pointz up for sale. [TRD]
  • Demolition at 118 East 59th Street has started to make way for Euro Properties’ first foray into the Manhattan market—a 38-story boutique condo designed by SCDA Architects . [6sqft inbox]

Images: The Pierre apartment up for rent (L); High Line Park. © Iwan Baan (R)

Cool Listings, Upper East Side

39th floor pierre hotel presidential suite, the pierre, 795 5th avenue

Because if you’ve got the cash, why buy a $6 million home when you can rent one for a year at the same price? The WSJ reports that the newest most expensive rental in the city is located on the the 39th floor of The Pierre and it’s going for a cool half-a-million dollars a month. The floor includes the 2,000-square-foot Presidential Suite, which can combine with other rooms for a total of 4,786 square feet (or six bedrooms with six-and-a-half bathrooms), or be rented separately for $400,000 per month with the additional rooms ranging from $20,000 to $40,000 per month.

Find out more here

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