Newswire Residential

Strong Start to Leasing at Midtown East’s ‘The Gilroy’

Source: Corcoran

A testament to Manhattan’s rental market rebound, the building’s success is attributed to its spectacular residences and amenities in a prime location.

Developers Lalezarian Properties and The Mossanen Group – along with their exclusive marketing agent, Corcoran New Development – are pleased to announce that leasing velocity at The Gilroy has been incredibly strong. Since launching the luxury building during the last week of May, the team has already preleased over half of the building’s available inventory. The leasing staff report they have received over 3,000 total inquiries, with an average of 500 prospective tenants contacting them per week.

From its limestone façade to its Art Deco-inspired crown, The Gilroy channels the elegance of the 1920s, while boasting state-of-art residences and services. Rising 40 stories and offering studio to two-bedroom residences plus a unique duplex penthouse, the building is unlike anything else in the neighborhood.

Situated at 232 East 54th Street in the heart of Midtown East, The Gilroy is surrounded by the best Manhattan has to offer — world-class museums, historic music venues, the finest shopping and dining — and of course, the iconic Central Park. With the city continuing to re-open, living in a lively, centrally located community has proved to be even more attractive to home-seekers.

“Clients are opting to rent at the Gilroy in part because of the building’s proximity to Midtown’s cultural institutions and offices, in addition to the area’s numerous shopping and restaurants” reports Jodi Stasse, Executive Vice President of New Development at The Corcoran Group. “Many find living in a brand-new building appealing – and are impressed with the floorplans, finishes and amenities The Gilroy provides.”

The rich details and refined finishes of these rental residences reach a level usually reserved for condominiums. All homes at The Gilroy feature large windows with 360-degree city and East River views, 10 ft high ceilings, kitchens complete with Calacatta countertops and backsplash, in-unit washer and dryers, Bluetooth sound systems, and open-concept layouts that are flooded with natural light.

Inspired by the grand hotel lobbies and hidden speakeasies of the Jazz Age, amenities at The Gilroy include luxuries such as a 24-hour attended lobby, a Club Lounge with kitchen, state-of-the-art Fitness Center with Matrix equipment and GymRax TRX training station, and a multi-season heated Rooftop Terrace with a furnished lounge area and flat screen TV.

Rents for The Gilroy’s limited number of still-available residences start at $3,273 net for a studio, $4,217 net for a one-bedroom, $6,829 net for a two-bedroom, and $22,500 for the crowning duplex penthouse. Aside from the penthouse, pricing includes one month free on a twelve-month lease with one month OP. All apartments are “no fee” and are available for immediate occupancy.