In a bid to push the luxury apartment market ever higher, developer Forest City Ratner plans to rent penthouse units in the city's tallest residential building. The price? $60,000 per month.
Views From The Market Top -- Wall Street Journal
Rentals Reach $60,000 a Month for Penthouses in Gehry Tower Downtown.
At the tallest residential tower in the Western Hemisphere, the developers are gambling that wealthy New Yorkers will pay dearly for a trophy apartment with sweeping views—even if it is only on loan.
In the next six to eight weeks, the three penthouses at New York by Gehry, a Manhattan rental tower twisting 76 stories into the sky, will hit the market at a price that would make most apartment-hunters blanch: $40,000 to $60,000 a month.
At that rate, a year's rent could easily cover a down payment on almost any luxury condo unit in the city. So it remains to be seen if affluent New Yorkers will spend that kind of money to borrow a view—even one that is 850 feet above Lower Manhattan, glances off the roof of the Woolworth Building, spans all three bridges and stretches out past Brooklyn to the Atlantic Ocean.
Read more ....
My Comment: $60,000/month .... $2,000/day .... for rent .... you got to be kidding me.
No comments:
Post a Comment