Frank Gehry’s Luxury New York City Skyscraper Has Everything—Except Enough Tenants

A Manhattan apartment building designed by the star architect is now offering deals on rent; ‘It’s even better for us, living here with less people’

Lower Manhattan’s most famous rental apartment building has it all. Stunning views over the city, a spa and swimming pool, a “drawing room” with a grand piano, golf simulators, an outdoor deck and even its own elementary school.

What it doesn’t have: enough tenants.

香蕉视频苹果下载Nearly one-quarter of the units at the roughly 900-unit apartment building called New York by Gehry became vacant during the Covid pandemic, according to data company Trepp LLC. Apartments are now advertised with three months of free rent on 12-month leases.

Tenants renewing leases have negotiating power over the building’s owner, residents say. Romain Lacombe, a packaging company executive, said the rent for his corner one-bedroom apartment with prime skyline views went down to $3,600 from $4,900.

香蕉视频苹果下载Less crowded common areas and faster elevators don’t hurt either. “It’s even better for us, living here with less people,” Mr. Lacombe said.

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