Midtown Manhattan Real Estate Prices Are Not the Highest in the World

It is not uncommon for Midtown luxury apartments to sell for millions of dollars or have extremely high monthly rent rates. Midtown Manhattan apartments are located in desired areas, offering the finest amenities from spas and fitness centers to doormen, valet parking and concierge service. Because these apartments are in high demand, it can be hard to find something affordable. Many renters think that real estate prices in Midtown Manhattan are the highest in the world, but that was recently proven not to be so.

And the winner is Hong Kong

The most expensive land in the world currently is located in the Central district of Hong Kong. A business tycoon from Hong Kong recently paid $3 billion for a commercial lot. The price tag comes to about $1 million per square meter. The price was so large due in part to the competition in the area for space. The sale of the commercial lot, which is currently home to a multi-story car park, actually created a new commercial land sales record and will be considered as a measuring point for future deals.

Prices of property, both residential and commercial, have been on the rise due to an influx of funds from investors and developers from the Chinese mainland. Because the Central district is considered prime real estate, any land sale is going to have a high price tag.

So by looking at this recent land sale, the price of land in Manhattan doesn’t seem half bad. When you’re searching for Midtown West apartment rentals and you see a large price tag, remember it’s not as bad as paying $3 billion for a car park! There are moderate rental rates that you can find in Midtown that hopefully meet your budget and help you find your dream apartment.

 

 

Luxury Apartments for Rent Near Madison Square Garden

Do celebrities have apartments for rent near Madison Square Garden? Celebrities, professional athletes, TV personalities and many other famous people who live in NYC can make a pretty extensive list. And no wonder – the Big Apple is one of the best and most dynamic cities in the world!

Measuring 11,000 square feet, TV Personality Ryan Seacrest is renting a glitzy Lenox Hill townhouse for $75,000 per month

Hopefully we won’t see NASCAR driver Jeff Gordon racing around the one way streets of New York City.

Tiger Woods is obviously always traveling for tournaments around the world, but he still calls New York home.

Even though he works in Boston most of the year, Tom Brady and his wife make their home in the Big Apple. They have upgraded their 70 Vestry pad.

Barack Obama’s onetime Park Slope home recently hit the market. The historic Brooklyn home is making its way to the market for the first time in 23 years.

Featuring a custom fireplace and newly listed at $56 million is Sting’s 15CPW duplex, which is full of character and faces Central Park.

The hilarious comedian/actor Jerry Seinfeld has been living in the city that never sleeps for years.

Sarah Jessica Parker, her actor husband Matthew Broderick, and their three children hang their hats in The Village.

Madonna lives in Manhattan on East 81st Street and built herself a gated triple wide townhouse on the Upper East Side.

Cameron Diaz’s Manhattan pied-a-terre in Greenwich Village is immaculately furnished in an edgy and cool yet insanely comfortable style.

Yes, these above-mentioned famous people can afford just about everything and anything they want. But if they were smart with their money, they would consider luxury apartments for rent near Madison Square Garden. There’s a place where they would be very comfortable and it’s called EOS NoMad located 100 W 31st St, New York, NY, just a 4-minute walk. EOS’s building now hosts corporate offices for Nike Inc. The Nike fitness center at EOS NoMad is over 15,000 square feet supplied with the best Nike branded sports and training equipment. The fitness center includes a yoga studio, a spin studio, a training area and a gorgeous indoor swimming pool. EOS NoMad also has an outdoor swimming pool on the rooftop. EOS NoMad is an eco-friendly mixed-use building with eco-minded amenities and designed by a leading sustainable architecture firm.

I am a bit surprised that more athletes aren’t occupying rental units at EOS while they work at Madison Square Garden.

 

Homes for Rent in Long Island NY vs Apartments for Rent in NYC

Homes for Rent in Long Island vs Apartments for Rent in NYCAfter you have decided that you are not ready to purchase a home, the next question is whether to rent an apartment or rent a house. There are pros and cons to both scenarios. In this article we will try to cover some of the basic things you need to consider before making your decision.

The advantages of renting a house, generally speaking, include more indoor and outdoor living space, garage or carport parking for your car, more privacy from your neighbors, and less restrictions on pet policies.

The disadvantage of renting a house includes things like lawn and garden maintenance, more vacuuming and dusting responsibilities, and larger utility bills. More often than not, living in a rental house, you will pay a higher rental rate than if you were living in an apartment. If you don’t like shoveling snow in the winter or mowing the lawn in the summer, you may want to consider the pros and cons of living in an apartment.

A few advantages of apartment living include no outdoor maintenance required, easy access to building maintenance personnel or building manager, lower utility bills, and a lower cost of rent. In today’s market, most apartments have a swimming pool, and some sort of gaming area that is included in your monthly rent.

Let’s look at a comparison of the two scenarios….

A 3-bedroom, 2-bathroom single family home at 7534 186th St in Fresh Meadows, NY is on the rental market for $3800 per month. The house sits on a 4,800 square foot lot in a residential neighborhood with a nice size front and back yard. The house features a finished basement with a full bath, all kitchen appliances, hardwood floors, private driveway with a detached garage, and a security system. The location of the house is half block to local shops, restaurants, and banks. Fresh Meadows is a 40 minute bus ride into Manhattan on the express bus. You can get a 7-Day Express Bus Plus MetroCard for $59.50 to get you back and forth to work if you don’t want to drive your car.

Similarly priced is a Midtown Manhattan walk-up on West 48th Street. This is a 3-bedroom, 2-bathroom townhouse that covers a complete floor of the building. The features of the unit include wood floors, lots for windows, and a walk-in closet. The rental price is $3650 per month. The downside is that there is no outdoor space to enjoy.

If you are looking for a place to enjoy the best of both world’s, you should check out the apartments at Greybarn in Long Island. Although they do not have a 3-bedroom option, the 2-bedroom units are spacious enough. The complex currently has 1 building complete, and are working on another 5 buildings that will have 1- and 2-bedroom apartments for rent. A 2-bedroom, 2-bathroom apartment ranges in size from 1100 square feet to 1375 square feet. The complex will be designed around a community friendly clubhouse and include outdoor firepits, 2 swimming pools, a game room with a pool table, a fitness center, a bocce court, and a dog park.

The Greybarn community is a little farther outside of Manhattan, over in Amityville, but for the amount of outdoor space combined with the spacious apartments and all of the community amenities, Greybarn certainly brings together the best of both world’s.

Pet-Friendly Two Bedroom Residences with Views of Manhattan

Dog Park Near Two Bedroom Residences with Views in ManhattanHard to imagine but not everyone is a pet lover. For those of us that are, we want the best for our pets and this is especially true when it comes to our pet’s home. For us, it’s a serious consideration in choosing an apartment in Midtown Manhattan. Here are 5 things to consider…

Pet Friendly

Any pet owner should consider the Pet Policy before moving to a self proclaimed “pet friendly” apartment. There are always variables between apartment facilities. Some don’t allow certain breeds. Others have restrictions on weight. Sometimes there is a limit to how many pets are allowed. And then there is always the fees…a non-refundable fee, a pet cleaning fee and some apartments even charge rent on the pets.

 

Size of Living Space

A pet owner needs to make sure there is enough living space for themselves and/or family, as well as, their pets. They take up space, too. And, if you don’t have enough living space, you’ll end up with an unhappy pet and possibly unwanted apartment damage can occur.

 

Nearby Parks

All responsible pet owners are obliged to take their pets (ok…specifically their dogs) out to relieve themselves, exercise and socialize. Dogs need to be stimulated with different sights and sounds. But most of all they want your attention. When choosing an apartment home for your family and pet, it’s a good idea to find one that has one or more parks and/or squares for your pet to enjoy themselves with your company.

 

Pet Loving Neighbors

Nothing is better than getting along with your neighbors. It makes life so much easier. While you’re looking around for your pet friendly apartment, you may consider asking the ratio of pet owners to non-pets owners. It will give you a good indication of how much the apartment facilities love your pets.

 

Pet Centers

We need to pamper ourselves and our pets need pampering too. There are many apartment buildings offering special pet services throughout Midtown Manhattan. Services provided at the pet centers include grooming, boarding, pet sitting and pet walking. A pet center would be a huge bonus for your pet friendly family.

The pet center located at House 39 is new and exceptional. House 39, with its ultra-convenient location, sleek modern architecture and design, high level of service, first-rate amenities and stunning views, is truly a pet friendly rental residence ahead of the curve. House 39 located at 225 East 39th Street, offers Studios, one bedrooms and two bedrooms residences with views of Manhattan. Many units have terraces creating more living space for your pet.

For more information on House 39, check out their website, or call for availability at (212) 661-3900.

No Fee Rentals are Decreasing around Flatiron NYC

no fee rentals flatiron nycWhile liberal New Yorkers are concerned about the payback for Trump’s security costs of around $24 million, and the conservatives are eagerly awaiting Trump’s next Executive Order, we all watched together as the Federal Reserve jacked up the federal funds rate 25 basis points, to a range of 0.75% to 1%, marking its third increase since the Great Recession in 2008. This hike will eventually trickle down to increase borrowing costs for short-term loans and credit cards. It has also affected the real estate market. Less are able to purchase their own home so it’s become a renter’s market.

Because it’s currently a renter’s market less concessions are needed to entice new occupants to rent properties. Also, because it’s a renter’s market the rent amounts are still high. It’s the supply and demand concept.. According to an article on the website ny.curbed.com, here’s an example of the rent situation…

The median rent for Manhattan, $3,382 one year ago, is now $3,350. Year-over-year, the median for Manhattan studios decreased 2.6 percent to $2,500; one-bedrooms decreased 1.3 percent to $3,350; and two-bedrooms decreased 5.2 percent to $4,500. Median prices for the luxury inventory decreased a minimal 0.2 percent to $7,983.

There are still plenty of special offers for renters looking for a new residence. Discover a luxury apartment building, EOS, that’s offering no fee rentals in Flatiron NYC. EOS is located at 100 W 31st St, New York, NY 10001. Call for availability at (212) 899-3131 or contact them through their website.

EOS proudly offers residents access to its own 15,000-square-foot Nike-branded gym. Along with sweeping city views, a rooftop recreation level, a pool and many other eco-minded amenities. In addition to its residential program, the 47-story mixed-use complex also houses 200,000 square feet of commercial and office space including Nike‘s new NYC corporate headquarters.

New Affordable Rental Apartments in Bronx NY

Vacan lot for new apartments in Bronx NY
Planned Site of Procida Development Group Affordable Housing Project

The Parkchester community in the Southeast section of Bronx will see some changes in the near future. Two new affordable housing projects are being developed on Newbold and Westchester Ave.

The Procida Development Group is working with Magnusson Architecture and planning to create two complexes that will have 206 affordable housing units. From the view on Google Maps, it appears the buildings will sit on the same piece of property between Newbold Avenue and Westchester Avenue. An article by therealdeal.com referred to them as twin properties. The building on Westchester Avenue will house 82 units, and have 8,000sqft of retail space on the ground floor. The building on Newbold Avenue will house 124 units and have a 1,350sqft community facility.

103 of the units will be reserved for families that make 60 percent or less of the area median income, and the other 103 units will be reserved for families that make 80 percent of the area median income. Procida Development Group has filed a permit application for the building at 2047 Newbold Avenue.

The new affordable apartments in Bronx NY will be just to the south of the 129-acre Parkchester community. Parkchester has been around since the 1940s, and has 171 apartment buildings with 1-, 2- and 3-bedroom apartments. Parkchester is managed by Parkchester Preservation Management at 2000 E Tremont Avenue. The planned community has many retail shops, restaurants, and a medical facility within the confines of the community. The central gathering place of the community will be the Metropolitan Oval that features a water fountain.

For the safety of the residents, PPM has a 24-hour roving patrol with services provided by the Parkchester Department of Public Safety. Residents of Parkchester can choose to park in one of the on-site parking garages or park on the street near their apartment.

Searching for Apartments in the Bronx NY? Search YouTube

Apartments in the Bronx NY

For people who don’t live in NYC but are hoping to move to the area, it is hard to apartment hunt. However, there are great options available now that there is the Internet and YouTube. For example, someone searching for apartments in Bronx, NY can move that search to YouTube and find views of available apartments in walk through style.

A look at https://www.youtube.com/watch?v=JURn-mcmH5I, for example, shows a 2 bedroom, 2 bathroom duplex that is available through Tryax Management. This particular rental is listed in Riverdale. It has a small but efficient kitchen with just enough cabinet space for the basics and counter space that is sufficient but not excessive.

A large counter segments the kitchen from the open living/dining room area of the floor plan. The stairs are off to the right of the open area that can be the living or dining room – or both. The stairs lead up to a large bedroom with sliding glass doors and a room that has windows overlooking the living space downstairs. The windows have cute shutters to close the room off from the downstairs area if someone is trying to sleep and there is a lot of activity still going on downstairs.

The room also has a small window to allow in natural light from outside. The bathroom is off the larger room is just past a closet and is a full bathroom. If you are looking for apartments in the Bronx that provide comfort, a simple yet effective floor plan and access to more than one bathroom, a duplex may well be the best option to consider. You can really appreciate your living space and feel comfortable in the home you have chosen. Be happy at home and maintain a lived in yet clean house with a duplex that splits the two levels to give you varied living areas.

It´s Not Easy to Find 2 Bedroom Apartments with Nice Views of Manhattan

apartments with nice views of Manhattan

When it comes to finding an apartment in Manhattan, things can get a little tricky. It’s not impossible, but if you are looking for a unit that gives you nice views … good luck! Manhattan’s one of the best cities in the world, which is why it can be difficult to find a place to live.

For one, it can get expensive. Rent in Manhattan is always on the higher end, and if you are looking for somewhere with views and not just any apartment, then it can get pricey. Also, if you don’t have an almost three figure job, it can be even more difficult.

Competition is another factor that discourages many. In order to secure your dream apartment, it’s said that you have to be first in line, with the first and last month’s rent (for the security deposit) in hand, ready to do the transaction on the spot.

Vacancies are less than 2%, and on the decline. It’s totally understandable considering what Manhattan is – Central Park, the UN, Wall Street, Madison Avenue, Broadway – Manhattan is the center of world finance and culture. It’s by far the most famous borough of New York City and apartments with views of the city are some of the most coveted in the world. So, it makes total sense that it’s going to have low vacancies and high prices.

However, that’s not a reason to give up hope. As mentioned earlier, it’s not impossible. There are two bedrooms reidences with views of Manhattan that you can see on sites like house39.com.

It’s all a matter of finding the right place, somewhere that fits within your budget, and has openings. It will take some focused effort, but if you’re really set on finding that two bedroom apartment with amazing views of Manhattan and all it has to offer… you should go for it.