Battery Park City: 10/1/2005 - 11/1/2007
We got our lease renewal form from our management company last week. The verdict: my rent is being “bumped up” to $2950/month. When we moved to that apartment two years ago, our 650 square feet of prime label-whoring was $2150.
Welcome to Manhattan… please bend over.
Over the last couple of years, we’ve watched the rent and apartment prices in our neighborhood soar. It isn’t really surprising; our neck of Manhattan is a planned neighborhood, full of doorman buildings and penthouses with prime location near the major subway lines. It’s quiet: no bars or restaurants open after 11pm. No clubs with drunken fools staggering home to scar precious little kids… and full of people who make way more money than me raising kids. Kids in your neighborhood in Manhattan is a pretty good sign you’re around people with lots more disposable income than you have. When we moved in, there was still a little touch of the 9/11 douchechills because of it’s proximity to the World Trade Hole. The rents were down and the rental-agent fees were non-existent. As we’ve watched 600 square foot apartments start to sell for $600k-$700k, the writing has pretty much been on the wall for eight months. I’m sure the management company was patiently waiting to soak us for the two-year lease that’s kept them honest.
So, with a little bit of sadness, we enter back into the awful world of hunting for an apartment in New York City. Of course, even though we know we’re moving it’s next to impossible to find a November availability apartment in September. We’ll really have to wait until early October before we’ll be able to find November availability. No pressure of course.
Let the Craig’s List mining begin.
[...] Park City’s demise has been greatly exaggerated. For a while it was touch ‘n go, but it fought it’s way [...]