Concession Alert!

By A. Ready | January 21, 2011 - 11:32AM

A new 338-unit building, The Continental, has debuted at 885 Sixth Avenue, between 31st and 32nd Streets. As befits a freshly minted luxury high-rise with health club, pool, high-end kitchens and washer/dryers in some units, the rents are not low. But with one month free, the net effective rents for the four apartments currently listed range from $2,354 for a studio to $5,640 for a two-bedroom.

Further uptown, another shiny new luxury rental--Columbus Square (808 Columbus Avenue in the West 90s)--is once again offering concessions. One month free rent brings the net effective rent on two available studios to $2,595 and $2,650.

A tram ride across the river, The Octagon at 888 Main Street on Roosevelt Island, continues to advertise a large number of available apartments and one month free rent. There are 25 units listed, ranging from the least expensive studio at $1,650 to a three-bedroom at $4,154.

Concession Alert! rounds up some of the latest rental concessions offered by NYC landlords. But it's not the only place to find deals. To search for rental concessions on StreetEasy.com, click on "advanced search," check the box "description includes" and type in the words "free rent." We also recommend you check out the concession list on no-fee rental website UrbanEdgeNY.com. For tips on how to find a no-fee apartment, check out our Guerrilla Guide series.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.