TOWN Fifth Avenue Leases New York’s Most Expensive Rental

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Offered at $500,000, this record breaking apartment suite is part of The Pierre Hotel Residences portfolio of ten Grand Suites that were launched by Therese Bateman and Andres Perea-Garzon on October 30, 2014

Therese Bateman and Andres Perea-Garzon of TOWN Fifth Avenue have successfully leased the record breaking $500,000 per month full 39th Floor of The Pierre Hotel from the end of November through the full month of December 2014. In addition, The Getty Suite which was offered for $150,000 per month, was leased by the same tenant. The properties are part of The Pierre Hotel Residences portfolio of ten Grand Suites that were launched by TOWN Fifth Avenue on October 30, 2014 and range in price from $75,000 to $500,000 per month.

The never before offered full 39th floor is the most expensive rental property in Manhattan - and arguably the world. This luxurious monthly rental accommodation includes the famed Presidential Suite and a private elevator landing for the 4,786 square feet of living space that includes six bedrooms, 6.5 bathrooms and incomparable views of Central Park and Manhattan’s picturesque East and West skylines.

The Getty Suite has the sophistication of a classic Manhattan home, while enjoying five-star hotel living in one of New York’s finest locations. The gracious one bedroom apartment suite includes an exquisitely furnished living and dining area that opens to a coveted 920 square foot furnished terrace featuring a private garden, views of Central Park and sweeping open views of the city.

“We’re delighted that our launching of this luxury portfolio has generated such an immediate response,” Bateman said. Perea-Garzon agreed, saying “We have received strong interest from both the international and the domestic markets.”

The Pierre Hotel Residences have access to The Pierre’s bespoke luxury services including the Taj Royal Attaché, butler service, 24/7 Concierge, maid service, and the hotel’s chauffeur-driven Jaguar.
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About TOWN Residential: TOWN is a top-ranked, fully integrated Manhattan real estate services firm created through the partnership of CEO and Co-Chairman Andrew Heiberger and Co-Chairman Joseph Sitt, specializing in luxury residential sales and leasing and the marketing, sales and leasing of new developments. An integral part of the New York real estate landscape, TOWN has a team that exceeds 640 licensed professionals and staff in the newly opened corporate headquarters at 25 West 39th Street and ten neighborhood offices: TOWN Greenwich Village, at 530 LaGuardia Place; TOWN SoHo, an 1886 landmarked corner storefront at 337 West Broadway; TOWN 79th Street, a corner storefront at 239 East 79th Street on the Upper East Side; TOWN West Village, a trophy office at 446 West 14thStreet; TOWN Astor Place, a block-storefront space overlooking historic Astor Place in the Gwathmey Siegel-designed Sculpture for Living at 26 Astor Place; TOWN Fifth Avenue, located in the prestigious Crown Building at 730 Fifth Avenue at 57thStreet; TOWN Flatiron, located at 110 Fifth Avenue and 16th Street; TOWN Greenwich Street, nestled in the heart of the Financial District at 88 Greenwich Street; and TOWN Gramercy Park at historic 33 Irving Place. For more information about these offices and TOWN Residential, visit

About The Pierre: The Pierre Hotel continues to set the standard for elegant, unrivaled hospitality in New York City. Its superb location on Fifth Avenue steps from Central Park, with its proximity to both haute couture boutiques and Manhattan’s famed Museum Mile, make it a much coveted Upper East Side location. An exclusive Forbes Travel Guide Five-Star and AAA Five Diamond property and a member of Leading Hotels of the World, The Pierre has also been named one of Condé Nast Traveler’s “Top 25 Hotels in New York City 2014” and among the “Top Large City Hotels in the United States by Travel + Leisure’s 2014 World’s Best Awards.”

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Lori Levin