Sales Market

No-Fee Building of the Week: New, non-smoking Carnegie Hill luxury rental w/2 months free rent

By A. Ready  | January 31, 2011 - 10:46AM

The new 298-unit building located at 1510 Lexington Avenue (at 97th Street) is part of the three-building complex known as Carnegie Hill Place. What sets it apart from its peers, however, is the fact that it is green. The building is currently awaiting LEED silver certification, and smoking is forbidden in the building, including in the individual apartments.

This building also appears to have gone the extra mile in terms of amenities. In addition to a 24-hour attended lobby with concierge, there's a children's playroom, rooftop club, indoor and outdoor fireplaces, a coffee bar, package room for perishable deliveries, extensive garden and fitness facilities, and attended garage with valet parking. The interiors have condo-level finishes, and every apartment has a Bosch washer/dryer.

The website for the building shows 15 availabilities, ranging from $2,262 for a studio to $7,000 for a three bedroom. While rents are a bit on the high side for the location, they seem reasonable in light of the above-mentioned bells and whistles--and the two months free rent currently offered makes the first year more tolerable. Additionally, every apartment is rent-stabilized, eliminating the possibility of a large increase at renewal. 

No-Fee Building of the Week is writer A. Ready's weekly independent selection of a no-fee rental building that she believes reflects good value given current market conditions. It is not an advertisement for the building, nor is it paid for by any company/website mentioned.




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