Wednesday, February 26, 2020

RENT: MARKET RATE ON EAST 125TH STREET

Harlem Bespoke: How much is market rate rent these days in Manhattan for a one-bedroom apartment?  Apparently almost $3,000 a month and two available units at 69 East 125th Street are going for $2,772 or $2,800 a month.  This might sound a bit high for the location by Park Avenue on the east side but the 12-story building that finished up in 2017 has a total of 75 apartments and all have leases signed. Paying this much for a monthly overheard probably makes sense for a mortgage but apparently a lot of people are fine with this amount for a rental.

HarlemBespoke.com 2020

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