As I continue to do my research on budget friendly apartments in the Flatiron District of Manhattan, I am finding that 2 things do not belong in the same sentence….2 Bedroom luxury rentals and less than $4000. I’m not saying there are no 2 bedroom rentals in Flatiron for less than $4000. What I am saying is the Flatiron District rentals that are less than that are not in what most people condsider a luxury building.
What I have found is that the average rent for a normal 2 bedroom apartment in the Flatiron Distrcit is around $3500 per month. This price will get you a nice place to live in an older pre-war building.
There are 2 available units at 105 E 24th Street. Both units are over 800 sqft with 2 bedrooms, and 1 bathroom. The first unit is listed for $3600, and the other is listed for $3350. Both bedrooms are about the same size, and the apartments have hardwood floors, plenty of closet space, and a large living/dining area. The 6 story building was built in 1939 and houses 43 rental units.
At 12 East 22nd Street, there is an available 2 bedroom, 1 bath unit listed for $3695 a month. This rental building was built in 1925 and is only 3 stories tall with 7 rental units. This unit has hardwood floors, stainless steel appliances, and a faux fireplace.
If you are in the market for a true luxury building that has modern conveniences you are going to pay about 2x the amount for rent. While $3500 will get you what you need to survive, and not much more, $7000 a month will get you a larger unit in a building that has onsite luxuries to make your life a little less hectic. Take advantage of the buildings 24 hour concierge, state of the art fitness centers, pools, sun decks and terraces. I’ve listed a couple examples below…
At 55 West 25th Street is a 2 bedroom, 2 bath apartment with 1008 sqft listed for $6695 a month. The 36 story Chelsea Landmark building was built in 2005 and has 407 rental units. The benefits of living in this luxury building include an on-site attended garage, WiFi throught the building, a 24-hour doorman and concierge service, a landscaped sundeck on the roof, a fitness center with a yoga studio, resident lounge and meeting area, a party room with pool tables, and barbeques.
The 2 bedroom luxury apartments at 7 West 21st Street will run you about $7800 a month. For this amount of money, at 7W21, you get access to an outdoor courtyard, roof deck, a state of the art fitness center, a childrens playroom, a 24 hour doorman and concierge, a game room with a golf simulator, and an in-unit washer/dryer. Most apartments have floor-to-ceiling windows with solar shades, hardwood floors, and an oversized bathroom.
As you can see from these examples, rental prices in Flatiron District vary dramatically based on the type of lifestyle you want to lead.