Adyen's lease covers the connected fourth floors of 111 and 115 Fifth Avenue, plus the fifth floor at 111, on a 10-year term with an asking rent near $89 per square foot. The contiguous fourth floor plate provides Adyen with a clean, efficient footprint that operates across two addresses without the usual patchwork of split floors and awkward corridors.
Marquee Skydeck has quickly established itself as a standout destination, blending panoramic skyline views with high-energy nightlife. This season promises an exciting lineup of world-renowned DJs, including MK, Benny Benassi, and Gareth Emery.
"Rao's is a special and intimate dining experience that has been passed down for generations. Creating Dinner Rush with American Express and Marriott needed to feel like a true extension of our own table."
"There was so much beauty, so much more than enough for everyone, that it did appear to be a vain activity to try and make a corner in it." This quote captures the essence of Villa Beatrice, where beauty and luxury converge in a breathtaking setting.
"It's a really special spot. When you start at the top and move down the gently sloped ramp, you almost feel like a marble tumbling down, looking at art as you roll by. The slight slant plays with your sense of perspective and grounding."
Earlier this week, former Howard Hughes CEO David Weinreb agreed to rent his West Chelsea penthouse for $177,500 a month, an eye-popping figure that followed a $95,000-a-month lease at a Naftali Group building on the Upper East Side in December. Data on trophy rentals is tough to pin down, but this is likely among the most expensive leases ever inked in New York City. The two hefty leases came as inventory for Manhattan's trophy rentals—which appraiser Jonathan Miller defines as the top 1 percent of the market, with rates starting at $25,000 a month—was down more than 40 percent year-over-year in January, as new leases climbed (albeit, at a more modest pace).
The largest recorded residential sale in New York City was on Billionaires' Row, where a condo at 157 West 57th Street changed hands for $26 million. The four-bedroom pad has four and a half bathrooms and spans nearly 4,500 square feet; the sale works out to roughly $5,800 per square foot. Its last asking price appears to have been $29.5 million.