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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com
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Rentals

EliteRentals - November/December 2009 Issue
Credit to: Christopher Dente
Posted by Christopher Dente |  November 12, 2009

EliteRentals is published by Citi Habitats, the premier residential brokerage firm in Manhattan.


 

EliteRentals - November/December 2009 Issue

Features:

2009 Guide to Renting In Manhattan

October 2009 Residential Rental Market Report

Cover Story: Loft of Your Dreams/ $22,000 month

 

Click on the image to view entire issue

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Filed under: Manhattan, Rentals
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New Development News - 80 DeKalb
Credit to: Christopher Dente
Posted by Christopher Dente |  November 12, 2009




80 DeKalb Avenue

Committed to sustainability, 80 DeKalb is one of the only rental buildings in Brooklyn targeting LEED certification and will be among the newest residential buildings in the borough.

Located on DeKalb Avenue between Hudson Avenue & Rockwell Place in Fort Greene, the building borders both the BAM (Brooklyn Academy of Music) Cultural District as well as Fort Greene’s noted Historic District.

The building’s unique architecture features an angled metal and glass facade and is accented by large terraced setbacks at the upper portion of the building. High ceiling and oversized windows give the tower a slender and luminous quality, and will provide residences with abundant light and open panoramic views of downtown Brooklyn, the Manhattan skyline, Statue of Liberty, New York Harbor and historic brownstone Brooklyn.

Designed by renowned architect Costas Kondylis, 80 DeKalb is the first residential tower built by Forest City Ratner Companies (a Brooklyn based development company).

80 DeKalb is convenient to transportation near the B, M, Q, R, 2, 3, 4 & 5 Trains all within a 5 block radius.

Number of Units: 365; 36 floors

Unit Mix Type: Studios, 1 Bedrooms, 2 Bedrooms

Price Ranges:
Alcove Studios from $1,955
1 Bedrooms from $2,255
2 Bedrooms from $3,400  

Amenities: 24-Hour Doorman, On-site Valet Service, Full-Time Live-in Superintendent, State-of-the-Art Private Fitness Center, Yoga Studio, WiFi, Resident’s Lounge with Entertaining Kitchen and Fireplace, Sundeck, Screening Room, Bike Room, Ground Floor Retail Space, On-site Parking Garage

Interior Apartment Finishes: Apartment Finishes include High Gloss White Thermofoil Custom Cabinets with Squared Edges, Polished CaesarStone Countertops with Full Height Viscaya Glass Tiled Backsplashes, Polished Chrome Fixtures, Stainless Steel Kitchen Aid or Summit Refrigerators, Stainless Steel Whirlpool or GE Gas Range Ovens, Stainless Steel Whirlpool Microwaves and Dishwashers, Bathroom Finishes include Crema Marfil Honed Marble Shower Tiles, Sant’Agostino Ceramic Matte Finish Floor Tiles, Custom Japanese Elm Wood Grain Vanities with Undermounted Kohler Sinks and Honed Quartz Countertops, Kohler Fixtures, Toto Commodes, ASKO Stackable Washers & Dryers in all Apartments, some Apartments with Private Outdoor Setback Terraces, Oversized Windows, Wide Plank Maple Wood Flooring (FSC-Forest Stewardship Council), 9ft–11ft Ceiling Heights, Windows with UV Protection, North, South, East & West Exposures.

Visit: www.dklb.com

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The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Posted by Christopher Dente |  November 12, 2009


The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview

Though the global recession continued to impact Lower Manhattan in Q3 2009, the real estate market outperformed other business districts and showed signs of stabilization. There was a notable uptick in leasing activity between July and September, highlighted by the signing of two of the city’s largest leases this year. Meanwhile, residential vacancy rates remained very low, and hotel prices and occupancy outpaced the greater New York City market. Additionally, 21 retailers opened their doors this quarter, ranging from a national steakhouse chain to delis, clothing stores, and hair salons.

Click here to read the Q3 2009 Real Estate Market Overview, covering office, residential, hotel, and retail market performance.

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Rental Market Analysis - October 2009
Credit to: Christopher Dente
Posted by Christopher Dente |  November 12, 2009


Average Rents October 2009

Market-wide for Manhattan, the average October 2009 rental price for a studio was $1,731, representing a decrease of 1% from September 2009; a one bedroom, $2,384 representing a decrease of 1% from September 2009; a two bedroom, $3,307 representing a decrease of 1% from September 2009; and three bedroom, $4,494 representing a decrease of 1% from September 2009.

Vacancy Rates October 2009

The overall vacancy rate for Manhattan for October 2009 was 1.86% representing a slight increase in the vacancy rate from the September 2009 rate of 1.83%.

A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .95%, while the Upper East Side, at 2.41%, ranked highest.

Please click here to view the entire report.

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Q. and A. on New York Rent Ruling
Posted by Christopher Dente |  October 27, 2009

Q. and A. on New York Rent Ruling

By JOSH BARBANEL | Published: October 23, 2009

(New York Times) When the New York State Court of Appeals overturned some rent rules in place for more than nine years on Thursday, the decision opened a window for many market-rate New York City tenants, including some paying some of the highest rents in the country, to roll back rents and get the protections of the state government’s rent regulation system. Here are some questions and answers about the decision.

Read full article here.

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