Sarah Jacobs/Business Insider
- 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. Billionaire's Row, which earned its name from its sky-high buildings with sky-high prices, is nearby.
According to StreetEasy data, the median asking rent in Central Park South is $6,500 a month.
Below, take a look at this small but extremely expensive micro-hood.
The area is easily accessible by the subway's N, R, and W lines (pictured here) along with the A, C, B, and D lines at Columbus Circle.Sarah Jacobs/Business Insider
At the corner of 59th Street and Grand Army Plaza is the prestigious, landmark hotel: The Plaza.Sarah Jacobs/Business Insider
The Plaza reopened in 2008 after a redesign that included adding apartments. At the time, the condos sold for $5.8 million to $7 million.Sarah Jacobs/Business Insider
Source: New York Times
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