The real estate market in America is no more what it used to be like. However there are areas that command a premium pricing and are unaffected by the prevailing adverse economic situation. New York has some of the best examples of such properties. Waldorf Astoria Tower on 50thEast Street houses an apartment that commands a rental price of $135,000 per month. It is by far the most expensive rental in the city. The space, the quality of the apartment, its location and the allied services are entirely of premium category adding up to such an exorbitant rent.
Located on the East Street, this apartment has a very rich ambience. Even the approach to the apartment is very lavishly decorated. The entry gallery has premium French artwork and chandeliers. There are a total of eight rooms in the apartment, all with doors of French design. The apartment boasts of a living room and a dining room large enough to sit 10 to 12 guests. There is a kitchen and pantry which are fully equipped with relevant modern equipment and large enough to prepare meals for up to 50 guests at a time.
The bedrooms and the master suite are lavishly decorated with marble flooring even in the bathrooms. The bathroom with the master suite has a separate space for boudoir closets for keeping clothing and accessories. The bedroom also boasts of a grand view of the city. There is a room next to the kitchen designed as a maid’s room but is currently being used as a fitness room. The special private facilities available to the residents of the apartment includes individual doormen, security, private entrances, reception and concierge services, and even access to the Astoria Lounge and Spa. Do you think all this is sufficient to justify the exorbitant rent?