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New One-Bedroom Rental in The Pierre Asks $120,000/Month

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As rents continue to rise throughout the city, The Pierre is here to remind us all: hey, at least you're not paying $120,000 per month for 1,100 square feet of space. That's how much the newest one-bedroom, one-bathroom rental is asking at the hotel/co-op building, making it neither the building's most expensive rental nor it's priciest per square foot. The corner unit features Central Park views, a decorative fireplace, and "luxurious bespoke fabrics." If one were to rent it for a year, it would cost $1.44 million, which could also buy a one-bedroom apartment pretty much anywhere.

Then again, most rentals don't come with butler service or access to a chauffeur-driven Jaguar, so there's that.

· EXCLUSIVE: A one-bedroom apartment at the Pierre Hotel is going on the market for $120K a month [NYDN]
· Listing: 2 East 61st Street #R3900 [Town, via Streeteasy]
· The Pierre coverage [Curbed]

The Pierre – A Taj Hotel

2 E 61st St, New York, NY 10065