As the rental season in NYC approaches its traditional summer peak, median rents in Manhattan set a new record for the second consecutive month in April.
Median rents hit $4,241 in Manhattan, topping the March record of $4,175, according to a new report from Douglas Elliman. Median rents in Brooklyn and Northwest Queens also hit record levels in the April report.
Brooklyn recorded a record median rent of $3,500 in April, while Northwest Queens registered a median of $3,525, also a record, the report said, up from $3,493 and $3,300 in March, respectively.
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