What $5,000 rent in NYC gets you now vs. last year — the difference is shocking

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What $5,000 rent in NYC gets you now vs. last year — the difference is shocking
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Last month, the average Manhattan rent surpassed the $5,000 mark for the first time in history following a year of record lows. What can you get now for that price?

In posh Soho, $5,000 delivered quite the spread, including this expansive loft at 108 Wooster St., which rented for that sum in February 2021.

The 1,272-square-foot space features hardwood floors, soaring ceilings, large windows and industrial touches such as columns. There’s also a large living area, a dining space and separate bedroom and office nooks. Meanwhile, the sleek open chef’s kitchen is decked out with stainless steel cabinetry and appliances. “We got the asking,” Compass agent Shawn Williams, who marketed this listing, told The Post. “I had a ton of interest … This would probably rent for at least $7,000 now.”A studio at 349 West Broadway that recently asked $5,000, andThe makeshift stairs lead to an upper-level bedroom nook.

While the kitchen is updated with a granite countertop and a dishwasher, there is only a half-refrigerator. And though it has a microwave and Wolf two-burner induction cooktop, there is no stove. The bathroom comes with a marble vanity, a Toto toilet and custom-made cabinetry, according to BOND New York’s Albert Safdie. In January 2021, a one-bedroom, one-bathroom unit with city and East River views through oversize casement windows rented for $5,500. The unit boasts city and river views.

Building amenities include a full-time doorman, a concierge, a fitness center, a playroom, a residents’ lounge with an indoor fireplace, a courtyard and bike storage, according to the listing from Compass.

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