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July 27, 2012
Sky-High, as in the Rent Check
The New York Times
by Alexei Barrionuevo
What does $60,000 a month get you in a luxury rental? If it's in the penthouse of Bruce Ratner's Beekman Tower, it gets you the need to put on a robe — plus shoddy finishes.
That isn’t true at New York by Gehry, where you can stand at the window of the master bedroom of the north penthouse, renting for $60,000, and look to your left and see part of the west penthouse. You can see into the window of the apartment below that as well.
“There is the whole vertical living thing here,” said MaryAnne Gilmartin, an executive vice president of the Forest City Ratner Companies, the building’s developer (and the developer of The New York Times building). “There are a lot of social connections in the building. There are little pieces and slivers of the building where you are looking into other units.”
To each his own, but to me that seems the biggest downside of the Gehry penthouses, along with interior finishes that, while supposedly designed by Mr. Gehry himself, don’t seem quite up to the standard of the top-flight condo buildings Ms. Gilmartin says they are competing with.
Related coverage...
The Real Deal, Rental buildings add $20,000-plus per month listings
...for the first time, Manhattan’s rental buildings are also offering super-expensive apartments to lure wealthy people who are determined renters. New York by Gehry, for example, at 8 Spruce Street, will list in September three penthouses on its 76th floor for $45,000 to $60,000 per month. The $60,000 per month north-facing penthouse is 3,800 square feet; the price represents $16 per square foot per month.
Posted by eric at July 27, 2012 11:12 AM