Uncast reports that the migration rate to Manhattan in 2021 is two times higher than it was in 2019 after the deteriorating pandemic drove over 100,000 people to leave the city in 2020. As vaccines rise, restrictions lift and many companies now require a presence in the office, people are returning in droves. After either trading their apartments to upgrade to larger homes in the suburbs or not opting to renew when their leases were up at the start of the pandemic, many New Yorkers are on the hunt for a new home. For those looking to keep their suburban homes, we suggest investing in studio residences that can serve as the perfect pied-à-terre, in close proximity to major office hubs.
Pied-à-terre is the term used to describe an apartment whose owner uses it as a “non-primary residence”. It is the perfect option for a New Yorker who works in the downtown area and wants a place to live and work in the same hood or for the one looking for a short-term lease. Below is the list of the best NYC developments for a pied-à-terre investment.
Situated in the heart of the Lower East Side, 208 Delancey boasts a robust amenities package and floorplans with private outdoor spaces.
The building’s 460-square-foot studio is ideal for a secondary home. It features a spacious walk-in closet and a flexible living room layout delivering views of the neighborhood. The highlights of this pied-à-terre residence include 8-inch European Oak flooring, ceiling heights of up to 9 feet, a full Miele appliance package, and oversized windows. With access to the J train, residents have an easy 20-minute commute to Wall Street.
Skyline Tower is a residential skyscraper designed by Hill West Architects under construction in the Long Island City neighborhood of Queens. Its studio apartments, including Residence 4307, offer sophisticated interiors designed by the New York design firm Whitehall Interiors.
The tallest building in New York’s outer boroughs is in a quiet neighborhood, yet also just 10 minutes via train or ferry from midtown Manhattan for an effortless commute to work. Furthermore, an entrance to the Court Square subway station without even leaving the building is in the works. A NYC real estate firm Modern Spaces exclusively handles sales and marketing for the building.
A two-tower luxury development 5 Pointz is located in Long Island City. The towers feature over 90,000 square feet of indoor and outdoor amenities including an all-season sky lounge, an 8,000 square foot fitness center, an all-season pool and sauna, onsite parking and more.
Unit 2715 is a beautiful studio apartment with a spacious bathroom and a washer and dryer in-unit.
Bloom on Forty Fifth
Located in the heart of Hell’s Kitchen, residents of Bloom on Forty Fifth can easily get to the Theater District, Times Square, and Midtown West.
Unit 206’s intelligently designed interior creates the ideal atmosphere for people with active professional lives. This full-service residential condominium also offers a thoughtfully curated collection of amenities.
525 West 52nd Street
A quick minute from Manhattan’s Theatre District will take you to 525 West 52nd Street.
This luxury development provides a perfect home-away-from-home option for workers coming back to the city. It offers residents exclusive programming by LIVunLtd, among other amenities including multiple work from home spaces, a fitness center and yoga studio, a rooftop sundeck and lounge, a sports lounge and billiards, a library curated by the Strand Book Store, pet care center and the like.
AKA Hotel Residences
The hotel residence brand that specializes in weekly and monthly stays is the perfect option for those who are looking for flexible, turnkey living accommodations that are both short and long-term.
Centrally located in Manhattan, AKA has locations in Central Park, Sutton Place and Times Square, all within walking distance to Midtown offices. In-suite amenities include thoughtfully designed, fully equipped kitchens and wet bars, luxurious king-size bed, office desk and chairs and more.