New York City Penthouse Achieves Record Rental Price of $125K per Month

A remarkable record has been set in downtown Manhattan with the lease of a penthouse at 100 Vandam. This luxurious residence has been rented for an astonishing $125,000 per month, making it the highest publicly advertised residential lease in New York City to date. While the tenant remains undisclosed, Platinum Properties agents Cyrus Eyn and Cash Bernard represented them, while the listing was held by Jessica C. Campbell of Nest Seekers.

Spanning over 6,500 square feet, this duplex residence claims the 20th and 21st floors of the impressive 25-story building. With six bedrooms and seven bathrooms, this home offers breathtaking panoramic views of the city skyline, the Hudson River, the New York Harbor, and even the Statue of Liberty, thanks to its wraparound floor-to-ceiling windows, as mentioned in the previous listing. It is worth noting that this penthouse is also distinguished by one of the largest outdoor spaces in Manhattan, with a majestic total of 3,821 square feet, surrounded by meticulously groomed gardens.

Within the unit, notable features include an exquisite open kitchen with signature millwork and stunning blue de savoie stone island countertops. Each bedroom is accompanied by its own ensuite bathroom. The primary bedroom, with its dual exposures, presents an expansive closet, a dressing room, and a spa-like ensuite bathroom complete with heated floors. Additionally, this smart-home-ready residence showcases beamed ceilings and pre-war window fenestrations, adding to its timeless elegance.

Situated within a full-service building, this penthouse provides a range of amenities designed to enhance residents’ lifestyles, including a 24-hour concierge, a live-in resident manager, and a range of recreational options. Among these amenities are a well-equipped 1,200-square-foot fitness center encompassing yoga and training studios, a children’s playroom, two residents’ lounges, cold storage, private and bicycle storage, as well as a theater-quality screening room.

Although this penthouse holds the record for the highest publicly advertised rental price, there have been reports that other units in downtown Manhattan have rented for even more. However, unlike sales, rental information is not publicly recorded, making it difficult to verify such claims. Jonathan Miller from appraisal firm Miller Samuel, which prepares market reports for Douglas Elliman, stated, “It’s the highest [rent] I’m aware of.”

It is worth mentioning that Platinum Properties’ Cash Bernard and Cyrus Eyn previously brokered an $85,000 monthly lease for a triplex penthouse at 1 N. Moore St. in Tribeca earlier this year. This penthouse had also held the title of the city’s most expensive rental at that time.

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