The following report is intended to give an idea of what the typical renter could expect

to pay for apartments of different sizes under current market conditions.

RENTAL REPORT

November
2013

The following matrix depicts rental pricing in popular Manhattan neighborhoods:

Median Rents
Neighborhood

Studio

1 BR

2 BR

3+ BR

Battery Park/Financial District

$2,900

$3,740

$5,615

$6,500

Chelsea

$2,963

$4,000

$5,975

$6,173

East Village

$2,300

$3,100

$3,500

$5,000

Gramercy Park/Flatiron

$2,625

$3,675

$4,548

$7,100

Greenwich Village

$2,600

$3,600

$4,995

$5,995

Harlem

$1,700

$1,938

$2,700

$3,800

Lower East Side

$2,300

$2,800

$3,200

$4,295

Midtown East

$2,500

$3,500

$5,293

$6,800

Midtown West

$2,700

$3,545

$5,500

$5,998

Murray Hill/Kips Bay

$2,350

$3,395

$4,650

$6,196

Soho/Tribeca

$3,295

$4,223

$5,700

$5,748

Upper East Side

$2,350

$2,995

$4,500

$6,000

Upper West Side

$2,400

$3,305

$5,000

$5,493

West Village

$2,960

$3,673

$4,445

$6,500

The following matrix depicts the pricing differentials for specific apartment designations:

Pricing Differentials
Market-Wide Metrics

Studio

1 BR

2 BR

3+ BR

Current Month

$2,600

$3,400

$4,950

$5,000

% Change

1.96%

0.00%

1.02%

-5.57%

Previous Month

$2,550

$3,400

$4,900

$5,295

Additional Classifications

Studio

1 BR

2 BR

3+ BR

Doorman

$2,755

$3,650

$5,600

$6,995

Non-Doorman

$2,300

$2,850

$3,495

$4,500

The following chart depicts pricing differentials across all apartment categories:

Neighborhood Rental Pricing

Studio

1 BR

2 BR

3+ BR

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2013 by TOWN Residential,

LLC. All rights reserved. All
material presented herein is
intended for informational
purposes only. This information may not
be copied, commercially used or
distributed without TOWN Residentials
prior consent. While information is
believed to be true, no guarantee is made
of accuracy. Data is subject to revision.
Equal Housing Opportunity.

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$10,000
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$

*The calculations provided herein are based on an amalgamation of TOWN Residential, LLC's internal database, open listings
and exclusives broadcast through industry subscription services, omitting properties priced at more than $10,000. Some pricing
discrepancies may appear due to number of bathrooms, balconies, or additional amenities. All prices reflect median values.