On 102nd Street, $10,000 a month rentals lease fast

New York /
Aug.August 31, 2012 02:00 PM

Durst Fetner Residential‘s new rental building is stretching the traditional Upper East Side boundaries and bringing its price points with it. Crain’s reported that 40 percent of the 185 units in the luxury rental building, at 1214 Fifth Avenue at East 102nd Street, are already accounted for — even though the developer doesn’t plan on opening its leasing office for another two weeks. Though the building is on the park, the leasing pace was no given: rents start at $5,000 for a 700-square-foot one-bedroom, and two-bedroom units measuring 1,000 square feet start at $7,000 per month. Three bedroom’s start at $10,000 a month.

“We have gotten no resistance to those rent levels,” Daria Salusbury, a senior vice president at Related Cos., which is managing the property, told Crain’s.

One reason for the steep rents at the Peli Clarke Architects-designed building developed by Durst Fetner Residential, is the number of amenities, including an indoor lap pool and a children’s playroom, and unobstructed views of central park – which have been known to nearly double the price of condos. Only the top 30 floors will be residential, with Mount Sinai Hospital using the bottom floors. [Crain’s] – Christopher Cameron


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
781 Fifth Avenue and Howard Lorber
Full 17th floor at Sherry-Netherland asks $30 million
Full 17th floor at Sherry-Netherland asks $30 million
Governor Kathy Hochul, casino chips, film camera
How Hochul’s film tax credit, casino plan affect real estate
How Hochul’s film tax credit, casino plan affect real estate
Council member Pierina Sanchez and Public Advocate Jumaane Williams (Photo Illustration by Steven Dilakian for The Real Deal with Getty, New York City Council)
Bill targets co-op discrimination against buyers
Bill targets co-op discrimination against buyers
Kohler Interiors' Rachel Kohler with  21-05 51st Avenue (Loopnet, Getty)
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
A photo illustration of The Agency’s Rainy Austin and Mauricio Umansky (Getty, The Agency)
Layoffs hit The Agency
Layoffs hit The Agency
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...