The Real Deal New York

The Pierre’s $500K-a-month rental is on the market again

4,800 sf suite became city’s priciest rental in 2014 when a tenant paid full price
By E.B. Solomont | March 10, 2016 02:20PM

Manhattan rental market apparently hasn’t risen that much. The full-floor Pierre pad that was rented in 2014 for a record $500,000 a month is back on the market… again for $500,000 a month.

The nearly 4,800-square-foot suite spans the Pierre’s 39th floor and includes the hotel’s Presidential Suite, which is usually available for $30,000 a night. The full-floor rental at 2 East 61st Street has six bedrooms, 6.5 baths and overlooks Central Park.

Compass’ Andres Perea-Garzon, formerly of Town Residential, has the listing.

The pricey abode first hit the rental market with Perea-Garzon in late 2014 as part of the Pierre Hotel Residences program, which offers 30-day rentals and month-to-month leases.

The spread is one of 14 “refreshed” luxury residences at the Pierre that are again available for rent. Also available is a 2,000-square-foot pad with two bedrooms that’s asking $300,000 a month.

Six of the previously-offered residences have received steep price chops, such as a two-bedroom unit asking $30,000, down from $75,000, and a Piero Lissoni-designed two-bedroom asking $75,000, down from $150,000.

Last year, the Carlyle Hotel also put luxury suites up for rent, with prices ranging from $12,750 per month for a one-bedroom to $150,000 for a four-bedroom suite.

High-end renters have several other choices, too. A three-bedroom at 28 East 63rd Street, measuring 2,900 square feet, is currently on the market, asking $300,000 a month. At One57, a three-bedroom spanning nearly 4,500 square feet is asking $150,000 per month while a similar-sized unit is asking $120,000.