How Much Is A Luxury Apartment In NYC?
New York City is one of the most desirable cities to live. But how much does it cost to rent a luxury apartment in this city?
In this article, we'll discuss exactly how much you can expect to pay for 1 bedroom, 2 bedroom, and 3 bedroom luxury apartments in NYC.
When you're a New Yorker, you can't afford to spend much time waiting for the bus, subway, or the trains. Once you've survived the hustle and bustle of Manhattan, the best way to relax is in a luxury apartment overlooking Central Park.
Not only is the home relaxing, but you also feel like you're in a real home.
There are several luxury apartments available for rent in New York City. Let's start with one-bedroom apartments.
One-bedroom luxury apartments
The average price for a one bedroom is $3,500/month, while the average price for a two bedroom is $4,500/month.
The 3-bedroom luxury apartments are typically more expensive, ranging from $5,000/month to $7,500/month.
The type of apartment you rent will depend on how much money you have. Generally, 1-bedroom luxury apartments are more expensive than 2bedroom luxury apartments.
The price is usually linked to the size of the apartment, which is described below.
An ideal one-bedroom luxury apartment is big enough for a single person to live comfortably. A bathroom with a separate shower room, a separate tub, and a shower are the minimum features of a luxurious bathroom.
A kitchen, dining room, and living room are also often included in this luxury apartment.
To furnish the luxury apartment, you can buy the furniture from the many furniture stores in New York City. These locations tend to sell expensive furniture from brands such as Altamont, Armani, and Berluti.
To make the most of your one-bedroom luxury apartment, you can make the most of the space available by purchasing second hand furniture.
Most luxury apartments come with a mini-bar, but some luxury apartments don't allow it. You can make your own mini-bar by purchasing alcohol from a liquor store, but if you decide to do this, make sure you don't open the mini-bar too often.
Two-bedroom luxury apartments
A 2-bedroom luxury apartment is large enough to comfortably house a family. It comes with many features.
The bathroom can have a separate shower room, separate bathtub, and separate toilet.
A kitchen can have a dishwasher, washing machine, refrigerator, and microwave. The living room, dining room, and bedroom have large windows that overlook Central Park.
You can make use of these windows by installing a bay window, which increases the amount of natural light in your apartment.
There are many features you can add to your luxury apartment. You can add a patio or balconies, which are optional, or you can add a cellar or a playroom for children.
You can also add sliding doors, which let you open and close your apartment for different purposes.
Three-bedroom luxury apartments
The typical price of a three-bedroom luxury apartment is $6,000/month. If you're willing to spend $6,000/month, you will be the owner of a three-bedroom apartment.
A small family can live in the apartment, as it comes with a second bedroom. However, if you decide to make use of the third bedroom, you can rent it out.
This is especially useful if you don't want to have visitors all the time.
Most three-bedroom apartments also come with a balcony, as well as a basement or a garden. Some luxury apartments come with a roof terrace or a garden, which makes the most of the scenery in your neighborhood.
When renting a luxury apartment, make sure you are reasonable in your rent negotiations. Most landlords ask for a one-year contract.
If you can afford to live in New York City, consider buying a luxury apartment, since you are more likely to be able to afford it.
Don't forget to buy furniture for your luxury apartment, since you may not be able to furnish it for a while.
Four-bedroom luxury apartments
A 4-bedroom luxury apartment is large enough to comfortably house a family of 5, 6, or even 7 people. It is the best option for business owners or a couple with children.
A 4-bedroom luxury apartment will cost more than $8,000/month to rent.
A 4-bedroom luxury apartment can also accommodate employees. You can hire a cleaning service to do the work in your apartment.
Fees and policies
There are a few taxes to pay, but most major cities have some kind of fees. These are in addition to the average rent for your apartment.
Booking an apartment on Airbnb is illegal in New York City and must be reported by the tenant. A certificate of occupancy must be provided to the city in addition to a tax form.
First month's rent and security deposit
Most tenants pay a one month's rent and a security deposit.
Gas and electric bill
A gas and/or electric bill is required for your apartment. This is one of the highest expenses in NYC because the cost of gas in NYC is very high.
Assessment and policies
Be aware that many landlords choose to not allow pets. If you do have a pet, make sure you know the rules of your landlord.
The price of flying or taking the train to the city can add up quickly.
The public transportation systems are great. However, expect to pay for that commute.
Parking may be an issue in certain neighborhoods, but most areas have some public transportation.