- Central Park South is the most expensive rental neighborhood in New York City.
- The neighborhood’s median asking rent is $6,500 a month.
- Once known as “hotel row”, many of those accommodations have now been converted into condos and co-ops.
One of Manhattan’s smallest neighborhoods is also its most expensive for renters. Just below Central Park, between 5th and 8th Avenues on 58th and 59th Streets, you’ll find the micro-neighborhood known as Central Park South.
This small stretch of Manhattan is bounded by the greenery of Central Park on one side and soaring condo buildings and five-star hotels on the other. <a target="_blank" read more >>>
Source : BusinessInsider.Com