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Rent Check – Moinian Group Apartments Stay Ahead


As the rental market heats up and developers move away from condos in New York, the NY Times highlights a new 1,174 unit building developed by the Moinian Group at 605 West 42nd Street.  Joseph Moinian, chief executive of the Moinian Group, is quoted by the NY Times saying:

“Everybody’s dream is to live in the city in an apartment, whether you are graduating from college or getting married or an empty nester or whatever,” Mr. Moinian said. “As long we are in an ‘in’ city, and we have security and the art and safety, apartments will do fine”