Furthermore, an analysis of Street Easy data revealed that the Upper East Side had the highest inventory of rental apartments of any type for $2,000 a month or under. “The Upper East Side offers more value because it has more turnover,” said Kevin Daly, an agent at Prince Real Estate. The neighborhood best known as the fortress of the wealthy also holds a relatively large number of comparatively affordable apartments, usually occupied by young people who stay fewer than three years, Daly said. You’ll still have to hunt for these units: An MNS report found that studios there had an average rent of $2,748 in buildings with doormen and $2,150 in buildings without.
Scorecard: There are more exclusive rentals over $15K than under $2K
A roundup of news and data on the residential and commercial markets
TRD New York /
Nov.November 05, 2015 04:40 PM