The Real Deal New York

Most expensive rental in Upper Manhattan to hit the market

Two-bedroom on West 113th Street asking $10,500 a month
July 11, 2014 10:00AM

A new record has been set: $10,500 a month for a penthouse at 1080 Amsterdam Avenue, making it the most expensive rental in the neighborhood.

Stonehenge Partners will soon list the full-floor unit in a former hospital housing building at West 113th Street. While the penthouse only has two bedrooms and two bathrooms, it has a wraparound terrace that offers views of the Cathedral of St. John the Divine, the massive Gothic Revival church.

The 95-unit building on the edge of Harlem was developed by Stonehenge Partners and SL Green, and designed by Steven Kratchman Architects with interior design by Andres Escobar.

“The market is ready for this kind of high-end residence,” Donna Kreeger told the New York Daily News. She is a Harlem broker with Citi Habitats who is not working with Stonehenge Partners on the project.

Harlem saw the steepest year-to-year rent increase of any other Manhattan neighborhood with a 9 percent jump in May. The average rent in the neighborhood reached $2,442, but is still lower than in the rest of Manhattan, where the average is $3,861 a month. [NYDN] — Claire Moses