In our research, we found over 100+ of these luxury buildings scattered throughout Manhattan. Our definition of 'Luxury' is based on a defined rent price range of the apartments and does not take into account individual perception of 'value'.
This list is comprised of buildings that have been categorized as $$$$. The price range for each bedroom is as follows:
The interactive list for Manhattan can be further filtered down based on amenities but this is the aggregated picture of every no fee luxury apartments NYC for rent on a map.
Interesting Trends - Location Analysis
Areas where the no fee luxury apartments NYC for rent are non existent
- Murray Hill - Kips Bay
- East Village
- Lower East Side
- South Central Park
- North of 110th Street
The biggest surprise is the South Central Park where billionaires row is and then the Murray Hill - Kips Bay vicinity where there is a huge cluster of rental buildings. Analyzing it further, South Central Park is mainly comprised of condos and coop buildings where purchases are more prevelant. It would make sense that property managers are not buying up buildings to then rent. In the Murray Hill - Kips Bay area, the general target residents of the area are the younger demographic that ranges from out of college to mid 30s. A $$$$ rental building would not draw as much interest.
Interesting Trends - Management Company Analysis
Of the 100+ buildings on our site, roughly half of the no fee luxury apartments buildings in NYC are controlled between 6 property managers.
Interesting Trends - Building Analysis
As expected, nearly every building is a doorman/elevator building. The ones that did not have them are gigantic loft duplex type apartment buildings
Understandably not many people can afford to live in these apartments due to the high price point. The apartments are expensive enough as is but can you imagine tacking on an extra $10,000 broker fee on top of the monthly rent?