Photo Credit: Extell

"As employees working remotely and see little reason to live close to the office, Manhattan apartment landlords are providing the biggest move-in concessions on record in an effort to fill empty units during the pandemic," says Elliot Bogod of Broadway Realty. "Rents tumbled 19% in January as listings continued to pile up. Special incentives and freebies averaged 2-3 months, most in over the last decade, which have helped somewhat. Many schools, colleges, and cultural attractions are also still shuttered. New lease signings jumped, but revenue for landlords is still slipping. With the value of concessions subtracted, the median rent in Manhattan plunged substantially."

Eugenia Foxworth of Foxworth Realty adds, "There are several thousand rental apartments available in Manhattan. Many people do not want to live in high rises since COVID-19. The reason that there has been an upsurge in renting in luxury full-service buildings is due to the lower rental cost. Many people are working remotely, have lost their positions, and are relocating to the suburbs. For example, on Central Park South, one apartment in particular was asking $15,000 per month and now it is renting for $,9999.  The landlords are offering from one to three months free on one to two-year leases. Some buildings are not increasing the rent when leases are expiring. It is advantageous for renters during this pandemic."

For more, visit dev.hauteresidence.com.

The post New York Real Estate Rentals Up In Manhattan And Brooklyn appeared first on Haute Residence by Haute Living.

In the summer of 2017, the latest addition to this already unique property was added - a 30,000-square-foot Green Roof. The development is the largest of its kind, and boast walking paths, picnic areas, tree shaded and open sun seating areas, a children’s playground, fire pit and will continue to feature the finest glass domed indoor pool in the area.

Designed by Genie Masucci, Principal of G. Masucci Architects, LLC in consultation with Site Works, one of the landscape consultants to Manhattan’s renowned High Line.

For more information about The Whitehall and the availability of residences contact Eugenia C. Foxworth at 212-368-4902 or eugenia@foxworthrealtyonline.com.

Eugenia C. Foxworth is the real estate agent exclusively representing the Uptown, New York market as member of the Haute Residence Real Estate Network. View all of her listings here.

Images courtesy of Eugenia C. Foxworth

The post The Whitehall: Reverdale’s Premier Luxury Apartment Residence appeared first on Haute Residence by Haute Living.