{"id":19402,"date":"2026-07-28T02:00:16","date_gmt":"2026-07-27T21:00:16","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=19402"},"modified":"2026-07-28T02:00:16","modified_gmt":"2026-07-27T21:00:16","slug":"inside-the-upper-east-sides-most-expensive-rental-building","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=19402","title":{"rendered":"Inside the Upper East Side\u2019s most expensive rental building"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content%2Fuploads%2Fsites%2F2%2F2026%2F07%2Fnewspress-collage-xy3sx6t1i-1785185277331.jpg?quality%3D90%26strip%3Dall%261785170895\" \/><\/p>\n<div>\n<p>Talk about movin\u2019 on up to the East Side \u2014 and to a deluxe apartment in the sky.<\/p>\n<p>A new luxury rental tower on the Upper East Side is drawing tenants willing to pay as much as $45,000 a month \u2014 arriving at a moment when deep-pocketed apartment hunters in that area have almost nothing new to choose from, The Post has learned.<\/p>\n<p>The Langdon, a 24-story, 45-unit building at 288 E. 88th St. developed by Alchemy-ABR Investment Partners alongside the Carlyle Group, opened for leasing earlier this month and has already moved a chunk of its inventory off the market.\u00a0<\/p>\n<p>Asking rents on available units run from roughly $12,400 for a two-bedroom to that $45,000 a month for penthouses unit spanning five bedrooms \u2014 making it the most expensive rental building in the neighborhood. Pricing on select apartments has already ticked up since the building\u2019s initial launch.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The Langdon, a new 24-story, 45-unit luxury rental tower at 288 E. 88th St. has opened leasing on the Upper East Side with asking rents running from about $12,400 to $45,000 a month. <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The building arrives amid one of the tightest rental markets New York has seen in years, with citywide vacancy hovering under 2% and forecasts pointing to New York holding the lowest vacancy rate of any major US city through 2026. <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The residences themselves lean into that same quiet luxury sensibility. Apartments across the one- to five-bedroom layouts favor oversized windows and thoughtful finishes throughout, with recessed lighting, smart climate systems and keyless entry built in as standard rather than upgrades. <\/p>\n<p>Kitchens are outfitted with custom cabinetry, quartz counters, integrated appliances and a dedicated wine fridge, while primary bathrooms lean spa-like, with oversized showers and heated floors. A handful of full-floor penthouses and select residences with wraparound terraces push that further, blurring the line between indoor and outdoor space for tenants willing to pay for it.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The building\u2019s two priciest penthouses, near the $45,000 mark, sit on the top floors with sweeping views and private outdoor space.  <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The rest of the roughly 1,842-square-foot average units run mostly three-, four and five-bedrooms with 11-foot ceilings and oversized windows. <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<p>The building\u2019s amenities lean into that scaled-down, high-touch pitch. Designed by Hill West Architects, the Langdon includes a fitness center, a multipurpose sports court, a children\u2019s playroom, a media and gaming lounge, co-working space and a landscaped rooftop terrace, spread across a building with as few as two apartments per floor on most levels.\u00a0<\/p>\n<p>Manhattan\u2019s rental market has been historically tight all year. Citywide vacancy sat at just under 2% in January, and separate estimates put vacancy on the Upper East Side specifically at under 2% as well.<\/p>\n<p>Against that backdrop, brokers say a new building like the Langdon stands out simply for existing.\u00a0<\/p>\n<p>Keyan Sanai, the top rental broker at Douglas Elliman who represents a competing property nearby, said interest has been strong from the start.<\/p>\n<p>\u201cThe Langdon is one of only a few new luxury rental buildings to open on the Upper East Side over the past couple of years, and the demand for these types of buildings has been very strong thus far for sure,\u201d Sanai said.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>McCarthy attributed the broader scarcity of new luxury rentals to zoning, noting Fifth and Park avenues are largely built out with older co-ops while newer construction has clustered on Second and Third avenues instead. <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Douglas Elliman broker Keyan Sanai said demand for new luxury product on the Upper East Side has been strong, crediting the Second Avenue subway with reshaping how renters view that side of the neighborhood and pulling in tenants worn out by high downtown rents in older, amenity-poor buildings. <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<p>Sanai credited part of that <a href=\"https:\/\/nypost.com\/2026\/07\/05\/business\/uptown-second-avenue-retail-booming\/\">shift to the Second Avenue subway line <\/a>\u2014 as the building stands on Second Avenue \u2014 reshaping how renters think about the neighborhood.\u00a0<\/p>\n<p>\u201cThe Q train was a complete game changer for Second Avenue. It made getting downtown so much easier and helped change the perception that Second Avenue was somehow less desirable than being closer to the park or the 4, 5 and 6 trains,\u201d he said.<\/p>\n<p>At the Langdon itself, leasing has moved briskly since the building opened. Timothy J. McCarthy, senior sales and leasing director at Alchemy Properties, said the first tenant moved in this month, with the rest of the building filling in through August and September.<\/p>\n<p>\u201cThe Upper East Side has been waiting for new luxury rental inventory for years. Once we opened leasing, it became clear just how much pent-up demand was out there. Luxury renters are moving fast because they know if they pass on a great apartment today, it probably won\u2019t be there tomorrow,\u201d he said.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The lower level and lobby space at the Langdon.  <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>A rendering of a bathroom in one of the 45 boutique units.  <span class=\"credit\">Streetsense<\/span><\/figcaption><\/figure>\n<p>That dynamic has only intensified since the redevelopment of 800 Fifth Ave. got underway.\u00a0<\/p>\n<p>The Post reported in May that developer Miki Naftali, who paid more than $800 million for the Bernard Spitzer-built tower at Fifth Avenue and 61st Street, is <a href=\"https:\/\/nypost.com\/2026\/05\/08\/real-estate\/200-wealthy-manhattan-renters-evicted-after-developer-plans-ultra-luxe-condo-project\/\" target=\"_blank\" rel=\"noopener\">emptying all 208 units<\/a> to make way for a 26-story limestone condominium designed by Robert A.M. Stern Architects. Tenants who had paid between $9,000 and $30,000 a month found themselves searching a submarket with almost no comparable rental stock left to absorb them.<\/p>\n<p>McCarthy said the Langdon has picked up some of that overflow, as well as others in the area.<\/p>\n<p>\u201cWe have had people that have sold, but they don\u2019t want to leave the neighborhood completely, so they\u2019re renting for that purpose. And we have people coming that say that they\u2019re going to sell nearby, and they\u2019d rather rent at this time,\u201d he said. <\/p>\n<\/p><\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>Talk about movin\u2019 on up to the East Side \u2014 and to a deluxe apartment in the sky. A new luxury rental tower on the Upper East Side is drawing tenants willing to pay as much as $45,000 a month \u2014 arriving at a moment when deep-pocketed apartment hunters in that area have almost nothing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":19403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/newspress-collage-xy3sx6t1i-1785185277331.jpg?quality=75&strip=all&1785170895&w=1200","fifu_image_alt":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-19402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pics-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/19402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19402"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/19402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/19403"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}