It's been more than a year since we turned our attention to the hottest rental buildings on the market, so in honor of Renters Week, we're once again updating our Rental Heatmap (inspired by our friends at Eater). Rental inventory is tight all over the city, and buildings fill up quickly, so the map is a little sparser than it has been in the past. We chose only buildings that have come to market in the past year, and, of course, only those with availabilities. They're listed in no particular order, but their "hotness" factor was determined by how fast they've leased units, how much buzz they've gotten in the news, and/or how the amenities stack up against the competition. Is there a building that should be on the list but isn't? Leave a comment or send a note to the tipline.Read More
Updating the Rental Heatmap: Where to Rent Right Now
Formerly known as Hot Karl Beach, the huge rental building at 101 Bedford has caught a lot of flak around these parts, but judging by the fast pace of leasing, renters love it. The first two buildings of the project, which has an extensive list of amenities (giant rooftop deck, indoor pool, courtyard, wine vault, game room, etc.), are 80 percent leased, while the third is half full after just a month on the market. The fourth and final building will likely come to market by the end of the year, bringing the total number of units to 351.
50 North 5th
The 229-unit building at 50 North 5th Street joined 101 Bedford in the world of amenity-laden North Brooklyn rentals in September, and at the beginning of November, 20 percent of the apartments were spoken for. Rents start at $2,600 for studios and top $7,200 for "penthouses." Amenities include a continental breakfast in the lobby, a two-level fitness center, pet spa, indoor basketball court, waterfall-equipped courtyard, bocce ball courts, and a landscaped roof deck with outdoor showers.
The rental market in Long Island City is booming just as much as that in Williamsburg, with several large new developments recently coming to market. In September, leasing began at the Maximilian at 5-11 47th Avenue. There are 188 studios, one-, and two-bedrooms, and the official website shows just 12 active listings. Prices range from $2,250 to $3,670, and Rose Associates is offering one month free rent.
45-45 Centre Blvd
Just a few blocks away from the Maximilian, TF Cornerstone is leasing its fifth building along the Long Island City waterfront, 45-45 Center Boulevard. The first of the 820 units came to market in May, and by mid-September, more than 65 percent were leased. Studios start at $2,995/month and prices go as high as $5,580/month for a 3BR. Like so many other giant new rental buildings, it has a huge amenity space with a reflecting pool, dog run, sun deck, tennis courts, and "real sand beach volleyball court."
The four-tower Gotham West is in a terrible locationWest 45th Street between 10th and 11th Avenuesso the developer, the Gotham Organization, created an all-inclusive complex with amenities, entertainment, and every day services like food markets in order to lure tenants to the far west side. The development holds more than 1,200 units, split between 554 market-rate and 682 affordable apartments, and StreetEasy currently shows 42 active listings (20 past listings). Studios start at $2,750, and there are a few three-bedrooms that go for $10,000-plus/month
Landmark Park Slope
Located along Brooklyn's "canyon of mediocrity," the Karl Fisher-designed Landmark Park Slope is not much to look at, but renters don't seem to mind. Within one month of coming to market, half of the 104 units were leased by mid-September. At that point, the developers thought it would be a good idea to jack up the prices from $2,800 to $3,300 for one-bedrooms and $3,700 to $4,300 for a two-bedroom. But the higher prices don't seem to have deterred renters; StreetEasy shows just 10 active listings.
The exterior of the Upper West Side's new 20-story rental The Larstrand may be bland and boxy, but the apartments boast features like defoggable bathroom mirrors with built-in TVs. Leasing of the 143 no-fee units began in June, with rents ranging from $3,100 for studios to a whopping $23,000 for a three-bedroom. Currently, 18 units are available on StreetEasy.
101 West 15th Street
The buildings formerly known as St. Vincent's Hospital are being remade into a variety of residences, one of which is a 160-unit rental from Stonehedge at 101 West 15th Street. ODA Architecture converted the building into a collection of studios and one-bedrooms, starting at $3,500 and $4,500, respectively, and as of today, only nine units are still available, so interested parties better act fast. Leasing began in late May.
184 Joralemon Street
The de-dormification of Brooklyn Heights was met with great interest from renters at 184 Joralemon Street. The 24-unit building hit the market in late May, and now the website shows just four available units, with rents of $4,950 and $5,090. DiGuiseppe Architects designed the apartments, all but one of which are two-bedrooms.
220 Saint Nicholas Avenue
The new Harlem development at 220 St. Nicholas Avenue saw some pretty rough times, but it rose from the dead this summer. Once slated to be condos, the 11-story building returned with 14 rental units. Architect Jeffrey Cole finished the stalled project, creating half- and full-floor units, including two penthouses with private outdoor space. When the listings went live less than a month ago, Curbed commenters scoffed at the high prices, they start at $3,000, but at least one unit has already had its price decreased.
66 Rockwell Place
A handful of new residential towers are rising in Downtown Brooklyn, including the 44-story 66 Rockwell Place, which recently released the first of its 326 units: two studios, two 1BRs, and one 2BR with asking rents ranging from $2,400 to $4,995. The building is still under construction, but it will have a laundry list of amenities, including a 42nd floor lounge and rooftop deck, a 4th floor "zen garden" with a fire pit, projector screen, BBQ grills and picnic area, 24-hour concierge, and valet services for dry cleaning, wash & fold, tailoring, shoe shining, dog walking, housekeeping services, as well as package attendants.