Real Estate
Heat map shows which Manhattan nabes
are most expensive to rent in
BY VILDANA KHAMIDULLINA
A new heat map has been released
by Zumper that shows the most
and least expensive rentals in
Manhattan.
For the past year, New York City has
become one of the most expensive cities to
rent in the United States. Some Manhattan
neighborhoods offer rentals for more than
$5,000 and there are still places on this
island that offer rentals within $2,000.
The most expensive neighborhoods of
New York City include Chelsea, where onebedroom
units cost around $5,120, and
Tribeca, where similar units go for around
$5,000. In the Bowery area with life-driven
neighborhoods such as Nolita, East Village,
and Lower East Side, Bowery one-bedroom
rent priced at $4,890 which is also not that
far from two areas above.
The most affordable neighborhood
appeared to be in the northern part of
Manhattan, Inwood, you can fi nd rentals
there for around $1,735, the difference between
this area and Chelsea is more than
$3,000. Right next to Inwood territoriality
and in a price range is Washington Heights
where rent can be less than $2,000 for
one-bedroom. East Harlem is on the top
price in the most affordable neighborhoods,
the price range there for one-bedroom is
COURTESY OF ZUMPER
around $2,355.
If you would like to see a detailed heat
map, visit www.zumper.com.
Manhattan buildings with a doorman
see increases in rental prices
BY VILDANA KHAMIDULLINA
A new monthly report shows how
much prices are rising for rent
in Manhattan, particularly in
neighborhoods that offer doormen as an
amenity.
Prices on rentals in Manhattan have
increased by 1.71% in over one month,
the cost of a unit rising from $4,069.24
to $4,138.24. Overall, the average rental
price in Manhattan in October 2021 is up
to 16.81% from this time last year.
According to the MNS report, the deal
breakers are also the units with a doorman.
If the increase in non-doorman studio
apartments is 0.60%, studios in buildings
with a doorman rose by 4.06%. The
one-bedroom difference is 0.52% between
non-doorman and doorman units, while
two-bedroom units with a doorman have
actually decreased by 0.49%.
Year over year prices for non-doorman
studios have been increasing by 8.15%
meanwhile same sized studios with a
doorman are up by 21.05%. Same with onebedroom
and two-bedroom apartments.
PHOTO VIA GETTY IMAGES
One-bedroom without a doorman went
up by 11.15% and in apartment buildings
with a doorman by 19.38%. Two-bedrooms
are up to 14.62% and a doorman two bedrooms
rose by 16.52%.
Studio apartments in Chelsea (non-
Doorman), East Village (Doorman),
Financial District (non-Doorman), Murray
Hill (Doorman), and the Upper East
Side (Doorman) have shown to drop in
their prices. Decrease in prices for onebedroom
apartments with a doorman
are trend to be in Chelsea, Gramercy
also non-Doorman, Lower East, Murray
Hill, SoHo, and Tribeca in non-doorman
buildings. And two-bedroom apartments
lowered in price at Chelsea (Doorman),
East Village (Doorman), Gramercy
(Doorman), Greenwich Village (Doorman),
Harlem (non Doorman), Midtown
East (Doorman), Tribeca (Doorman and
non-doorman) and Upper West Side
(Doorman and non-doorman).
On the other side of the coin the most
increased trend was in doorman studio
units in SoHo which went up from $4,049
to $5,000 in October 2021. Doorman onebedrooms
in East Village are up 11.6% and
non-doorman one-bedroom apartments in
Chelsea which went up from $3,222 to
$3,590 in October 2021.
For a full report, visit mns.com.
10 November 25, 2021 Schneps Media
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