The Real Deal - New York Real Estate News

Brooklyn Heights penthouse breaks rental record

Posted: 23 May 2022 05:00 AM PDT

Less than a year after a Brooklyn Heights townhouse set the mark for the borough’s priciest rental, a nearby penthouse has beaten it — by a third. The penthouse at 67 Livingston Street was on the market for only two days before new tenants landed it for $40,000 a month — sight unseen. It’s the highest single-unit property rental in Brooklyn since Miller Samuel started tracking the data in 2008, beating by $10,000 a month

Manhattan retail rents tick up as recovery slogs along

Posted: 23 May 2022 04:00 AM PDT

Manhattan retail rents are on the rise, but remain below pre-pandemic peaks. Of the 17 major Manhattan retail corridors analyzed for a report by the Real Estate Board of New York, nine had average asking rent per square foot grow from Fall 2021. In the wake of the pandemic, supply chain issues, soaring prices and staffing shortages have kept retail tenants stuck in a slow recovery. The report also said major concessions and accommodations scored