Avenue D gets new luxury rental with prices from $2,800/month

The Niko East Village is one of just a few new developments that far east in Alphabet City

By Amy Plitt@plitter Aug 17, 2018, 9:25am EDT

It’s official: Luxury rentals are migrating to Avenue D. (Or, at least, very close to it.) Leasing has just launched at the Niko East Village, a new apartment building by L&M Development, located at 751 East 6th Street. It’s between Avenues C and D, closer to the latter, and is one of the few new rentals and condos that have popped up that far east in Alphabet City.

The 110-unit project has a mix of studios, one-, two-, and three-bedroom apartments, with rents starting at $2,800/month for the smallest units, and going up to around $6,000/month for the largest ones. Those prices may seem high—especially for Avenue D—but they’re comparable the average price of a fancier building in the neighborhood. According to the latest MNS Market Report, a doorman studio in the East Village averages around $2,900/month, and prices go up from there. (There are 28 affordable apartments, a lottery for which launched earlier this year.)

This particular project is on par with those high-end buildings: Apartments have high-end features (quartz countertops, white oak floors, solar shades), and many come with washer/dryer units, Grohe fixtures, and stainless steel appliances. Some of the bigger apartments also have their own terraces.

Amenities include the usual things: common lounges (some of which are outdoor), a fitness center, a live-in super, and a part-time doorman. The best of these perks is the rooftop terrace, which—thanks to the building’s location, close to the river and without many surrounding towers—comes with pretty spectacular views.