Record rental price from Elaine Golden-Gealer

7401 SEPULVEDA WESTCHESTER LES & ELAINEA full-floor rental of New York’s Pierre Hotel that was listed for $500,000 a month has found a tenant, according to the listing agents. To boot, the same renter has also reserved a separate $150,000-a-month suite for guests.

Jonathan Miller, president of appraisal firm Miller Samuel, said the $500,000-a-month listing sets a record for New York City residential leasing.

The pricier rental, which came on the market at the end of October, leased for full asking price to an international renter, while the less expensive suite rented for close to asking price, according to listing agents Therese Bateman and Andres Perea-Garzon of Town Fifth Avenue. The tenant has reserved both spaces through the end of December, Ms. Bateman said.

Ms. Bateman declined to give the renter’s nation of origin, though she said the listing received a strong response from Europe, the Middle East and British Commonwealth nations.

Located on the 39th floor of the luxury hotel, the full-floor listing has 4,786 square feet of living space, six bedrooms and 6½ bathrooms, including the Presidential Suite. The unit overlooks Central Park, the Jacqueline Kennedy Onassis Reservoir and the George Washington Bridge, among other sights. The less expensive unit is the Getty Suite, a 1,015-square-foot apartment on the 10th floor with a 920-square-foot terrace “for an extended family-entourage situation,” Ms. Bateman said. Amenities include a language-specific butler and concierge service and a chauffeur-driven Jaguar.

The 39th-floor of the Pierre Hotel would typically list for $30,000 a night, while the Getty Suite rents for $8,000 a night.

Elaine                                                     
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”

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