New York City’s Most Expensive Rental Is $500K/Month ($16,438 Per Night)
New York City has always been a playground for the wealthy, with rents so astronomically high the middle class is inched out each year. In this city of excess 2014 was a record breaking year on the real estate front.
A penthouse at One57 made headlines as ‘the most expensive condo in history’ to be sold. It went for a staggering price of $100,471,452. Chump change for billionaires, no? The current highest listed property on the market is a Ritz Carlton Residences penthouse listed at $118,500,000.
And for some reason my mind can at least rationalize that. In my head it’s okay for people who have billions of dollars to spend ungodly sums of money on homes that they’ll own. What I cannot rationalize is this place: a RENTAL that goes for $500,000 per month, or $6 MILLION per year.
Why would anyone ever, under any circumstances, think it’s a good idea to rent a place and drop $6 million per year?
Located in the historic Upper East Side building ‘The Pierre’, this rental features 6 bedrooms, 6.5 bathrooms, and 4,786 ft. Which all things considered is actually a bit more than you get from other high end rentals in the city, but FUCK EVERYTHING ABOUT THIS. No one should EVER rent a place for $6 million a year, it’s just a foolish use of money.
From the listing:
For the most discerning clientele, the full 39th Floor of the elegant and legendary Pierre Hotel is available for the first time. This private, tranquil, secure and utterly luxurious monthly rental accommodation, complete with a private elevator landing and all the impeccable services of the finest five-star hotel, is atop Manhattan’s most exclusive address.
Looking across Fifth Avenue to incomparable and panoramic views of Central Park and the city, this one-of-a-kind six bedroom home provides the ultimate in gracious living. Spacious and serene, the living, dining and sitting rooms blend the elegance of couture fabrics, custom furnishings and Murano glass chandeliers. The residence is completed by spa-like en-suite marble bathrooms, fully equipped pantry, curated artwork and integrated technology.
With complete access to The Pierre’s bespoke luxury services including the Taj Royal Attaché butler service, 24/7 Concierge, pet pampering, twice daily maid service and the hotel’s chauffeur-driven Jaguar, this truly is fit for a CEO, royalty, or head of state.
Globally recognized since the 1930s, this classic Manhattan hotel underwent a $100 million renovation to strike the perfect balance of legendary tradition and 21st Century convenience.
So you’re hooked? You’re ready to sign on the dotted line?
Oh! I forgot to mention that ‘The Pierre’ is not a 100% rental building, so for $6 million per year you’ll get to share your common space with hotel guests and co-op renters as well. Those park views are EVERYTHING though, right?