Tuesday, 16 August 2016

Pricey 30 Park Place rentals appear right after sales begin to close

Closings on the high-priced condos at Robert A.M. Stern’s 30 Park Place began just last week, and already, four of those apartments have appeared on StreetEasy as equally high-priced rentals. (Talk about wanting to get a return on your investment.) All of the apartments up for grabs are in the "E" line, and have three bedrooms, two bathrooms, and one half-bath; three are renting for an even $20,000, while one is squeaking in just under that at $19,995.

This development—wealthy buyer picks up a pricey trophy condo, waits about a minute before putting the apartment on the rental market for an exorbitant sum—is becoming increasingly prevalent as sales wrap up in some of the city’s more high-profile skyscrapers. It happened at 432 Park Avenue, where six units—ranging from $23,000 to $70,000 per month—are now on the rental market; and it happened at 56 Leonard, where rentals popped up about a month after apartments began closing.

While two of the apartments (40E and 45E) just used the same old renderings in their listings, two have actual photos, offering a peek at the stellar views and (somewhat bland) interiors of these units. Here’s 44E:


And 43E (excuse the watermarks):



from
http://ny.curbed.com/2016/8/16/12495496/30-park-place-rentals-robert-am-stern

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