Mar
10
Manhattan Luxury Rents Slide as Condo Buyers Seek Tenants
By-
Buyers at new towers add to supply by listing homes for rent
-
Median luxury rent fell 4.2% in February to $8,000 a month
At One Riverside Park, a new luxury-condo tower on Manhattan’s Upper West Side, a never-lived-in four-bedroom apartment is available for rent at $22,995 a month — about $2,000 less than the owner was seeking in January.
The 2,830-square-foot (260-square-meter) dwelling, with floor-to-ceiling windows and panoramic views of the Hudson River, has competition for tenants. Forty-five percent of the 161 units that sold in the building have been put up for rent, according to an analysis by listings website StreetEasy.com…
Manhattan Luxury Rents Slide as Condo Buyers Seek Tenants
