Home > Blogs > Demand Rising for Rentals Among the Ultrarich who pay $10K to $100k a month for Rent.
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Bay Area Homes and Real Estate.

Silicon Valley Real Estate; Santa Clara County Homes and Trends.

By Ruth & Perry Mistry | Agent in 95030

Demand Rising for Rentals Among the Ultrarich who pay $10K to $100k a month for Rent.

NEW YORK is a city of renters — about 75 percent of us, in fact. And lately, that includes more of the super-rich and the merely wealthy, as rentals of $10,000 to $100,000 per month are on the rise.

At Trump Park Avenue, at Park Avenue and 59th Street, you would get a four-bedroom 6,200-square-foot duplex penthouse where one of the six and a half bathrooms is 400 square feet in size. There are also 1,600 square feet of outdoor terraces. The condo went on the market in 2008 for $51 million, and was also listed for rent at $200,000 a month.


Complete article at:

http://www.nytimes.com/2010/10/24/realestate/24Deal1.html?_r=1&ref=realestate

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