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

New York /
Mar.March 10, 2016 02:20 PM

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.


Related Articles

arrow_forward_ios
Corcoran's David Mayer and Compass' Augusto Bittencourt (Corcoran, Compass, Getty)
Foreign investors shift real estate strategies as dollar strengthens
Foreign investors shift real estate strategies as dollar strengthens
(Illustration by The Real Deal with Getty Images)
Whales buy the dip in Compass
Whales buy the dip in Compass
Des McAnuff and 10 Dragonwood Lane in Weston, Connecticut (Getty Images, Zillow)
Broadway director’s home sale notches Weston’s 17-year sales peak
Broadway director’s home sale notches Weston’s 17-year sales peak
30 Front Street & 294 Park Place (Streeteasy, Getty)
Brooklyn luxury market can’t shake slump
Brooklyn luxury market can’t shake slump
Ryan Serhant
Ryan Serhant talks Compass, reality TV and more on TRD podcast
Ryan Serhant talks Compass, reality TV and more on TRD podcast
Steve Gold with 534 Riversville Road (Corcoran Group, Compass)
“Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
“Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
Raquel Lomonico (Raquel Lomonico, Getty)
Nest Seekers’ Raquel Lomonico jumps to Compass’ top Brooklyn team
Nest Seekers’ Raquel Lomonico jumps to Compass’ top Brooklyn team
Caroline Bean, Mike Mahlstedt, Courtney Robertson and Caroline Schlemmer with 4200 Westheimer Road (Compass, LoopNet)
Compass’ Houston ‘Impact Day’ bucks up the troops
Compass’ Houston ‘Impact Day’ bucks up the troops
arrow_forward_ios

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

Loading...