UWS, UES Apts. 4 Rent @ CHEAPER Prices!!!
This is the second in a three-part series today covering the Manhattan housing market since autumn 2007. The first was on the condo sales tumble.
Apartment rents in Manhattan's two biggest neighborhoods by area, the Upper East and West Sides, either dropped or stayed relatively flat from September 2007 to September 2008, harbingering a further cooling off in the rental market (just like the ice cubes tossed this summer on the for-sale market), according to the latest report from The Real Estate Group New York (PDF here).
The apartment market and the local economy have a nearly real-time relationship, and the flat rents the last 12 months in these two neighborhoods could become the norm through the winter as the financial crisis worsens. Certainly, Manhattan's beyond the recent era of sharp rent jumps.
The average rent for one-bedrooms in Upper West Side doorman buildings was $3,505 in September, down from the last September’s rents of $3,576 but slightly up from August, when the average rent was $3,481. September rents for one-bedroom apartments in non-doorman buildings averaged $2,497, a jump of nearly $200 from last September but slightly down from this past August.
On the other side of Central Park, average one-bedroom rents dropped over the last 12 months ending in September, in both doorman and non-doorman buildings. One-bedrooms in doorman buildings in September rented for $3,626, a slight drop from September 2007. Rents dropped more in non-doorman buildings, falling by more than $300 from last September’s 12-month high of $2,658 to $2,347 this September.
Upcoming Dance Performances
New Stage Theatre Company
Clemente Soto Velez (CSV) , New York
Starting: 11/19/2008
Box Office:
Buy Tickets |
212-868-4444 Click here for more info >>
The Only Tribe
3LD Art & Technology Center, New York
Starting: 12/2/2008
Click here for more info >>
Alvin Ailey American Dance Theater Golden Anniversary Season
New York City Center , New York
Starting: 12/3/2008
A recent survey released by the Center for Urban Future features a ranking of more than 150 national retailers with multiple stores in New York City. With 341 locations, Dunkin’ Donuts ranks highest; that offers New Yorkers the option of visiting a different store every day for almost an entire year.
On April 10, 2008 GINA Gallery of International Naïve Art opened its doors to the world on the Upper West Side, Manhattan. Now, a little more than four months later, as founder of the gallery, I most often hear from local residents that they’re thrilled the 2,000 square-foot-space I chose on the corner of 82nd Street and Columbus Avenue wasn’t converted into another Duane Reade.
Naïve Art returns us to the happy life of timeless values, themes and traditions; to heartfelt images of farm workers and village life; to joyful celebrations and festivals; to portrayals of common folk moving to the beat of a different drummer. Naïvism’s innocent, idealized world, its rich palette of colors, its peaceful narrative of the day’s events, remind us of happier moments and sunnier climes, a refreshing taste of a better place and time. For those seeking stimulation, GINA gallery pays homage to New York’s cultural diversity and is a beacon preserving and enriching the neighborhood and the community. For others, a Starbucks is a block away.
Dan S. Chill, Managing Director
GINA – Gallery of International Naïve Art