Manhattan renters always had the bragging rights since they know the rents are always increasing and it is indeed a privilege to live there. But they might want to give up some of these since the new report shows that the average rent in Manhattan has already drifted down by 5%. This was after it hit a peak in August of the previous year, with the biggest decrease ever recorded for studio and one-bedroom apartments. But still, the luxury market remained as hot as ever.

According to city records, there was a new hit on the real estate market in New York, and a fabulous, luxurious propriety was just sold for $50 million. Such great transaction is not out of the ordinary for the area, and both Central Park and Fifth Avenue, are renowned to have great prices claimed for such opulent residences. What is more, the $50 million propriety was sold without negotiations; the complex is real estate jewel, being situated in a fine building on Fifth Avenue. It is a co-op, full-floor propriety, without wraparound terraces, it does not feature any outdoor space, and yet it is really worth the price.

The NYC restaurant week is a bi-annual event held in Jan/Feb and June/July. It is an excellent opportunity for foodies to try out the city’s most delicious meals without having to spend tons of cash on a 3-course menu. The week will begin on January 14, 2013 and it will last until February 8, 2013. When it comes to prices, the bistros will present average prices of $25 for a 3-course lunch and $40 for a 3-course dinner.

Downtown New York City was one of the main areas that was hardly hit by the destructive Hurricane Sandy. The once-fashionable and glitzy neighborhoods Battery Park City, TriBeCa and West Village that used to feature modern restaurants and chic boutiques, are now referred to as “SoPo”, short from “South of Power”.

When people think of New York, images of huge buildings, skyscrapers and the like come to mind. It may not be the greenest city, but efforts have been made to make it more eco-friendly. NYC proudly says that there is less pollution in the Big Apple compared to Los Angeles or Beijing. Continued improvements are being made for increasing the air quality in the city.

Gangsters of the 1920s have an international reputation for their cruelty. At the same time, they are surrounded by a romantic aura. These men had personalities that dominated the gossip columns and the news, but they also marked the Prohibition history. Still, not many people know that some of the most famous mobsters lived daily lives anonymously in their comfortable and luxurious homes. Read on to find out where the Most Wanted individuals of the 20s lived in.

New York City, one of the world’s most agglomerated metropolises is also one of the most wanted when it comes to choosing a place to live. Residents are constantly looking for comfort and luxury whenever they’re thinking of locating in NYC. Hence, if you want to experience pure lavishness, you might want to consider 15 Central Park West. It is one of the finest condo buildings in New York, and it offers incredible amenities and superb views over Central Park and Manhattan.

Daily News reporters have already called it New York’s greatest living room. This huge showroom is located in Central Park at 44 W 77^th Street Number 13E and has been recently included on the for – sale list. The asking price is $20,000,000. The price may be quite high, but the features are pretty impressive. So, the home has enormous windows that measure 24 feet in height and offer extraordinary views of the city and of the Natural History Museum. Additionally, the living room includes a beautiful stone fireplace, dating from the 17^th century and measuring 8 feet in height. The Venetian plaster ceiling and the Corinthian columns complete this magnificent list of features. The photos are speaking for themselves.