A $300K penthouse on the Upper East Side? Sounds like a rare deal in this town, until you realize that the $300K price tag denotes an apartment for rent, not for sale. And, it only has one bedroom. And, it’s a $300K per month penthouse. The very writing of it seems incredible, but this is New York City where real estate is astronomically expensive.
Although the $300K one-bedroom penthouse has been on the market since October, six-figure rentals have certainly made a splash recently. Just earlier in the week, Town listed a $120K/month one-bedroom at The Pierre, which joined an elite group of 21 other six-figure rentals currently on the market. In that group, there are apartments that exceed $300K/month, but they offer more bedrooms, which are potentially more affordable especially if you consider sharing with someone. But in competition for the city’s most expensive one-bedroom, this one-bedroom located at the top of The Surrey Hotel, listed at $300K/month, is well over double the monthly rent of the Pierre listing and stands in a league of its own.
What do you get for $300K/month? For starters, the apartment, located at 20 East 76th Street just off 5th Avenue, offers 1,200 square feet, which yields an even more astounding price of $3,000 per square foot. Just think, you can get a foot at the top of The Surrey Hotel for what some New Yorkers pay for an entire month’s rent.
At this price point, however, the penthouse is, no surprise, consummately decked out with a fireplace, master bath with a soaking tub and rain shower, a private terrace with views of Central Park and access to the full suite of The Surrey Hotel’s luxury amenities. These include a spa, gym and doggie daycare.
Setting the penthouse at The Surrey apart from its penthouse peers is the offering of fine, contemporary art including works by Ann Hamilton, Jonathan Borofsky, Nathalia Edenmont and Mel Bochner.