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Penthouse lists for $300,000 — per month

CNBC CNBC 23/11/2015 Robert Frank

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A penthouse at the Lowell Hotel in Manhattan can be yours for $300,000 — per month.

Brown Harris Stevens has listed the three-bedroom, three-bathroom pad with a monthly rental rate of $300,000 or, if you prefer to rent by the night, $14,000 per night.

While not the most expensive rental in New York City — there are a handful available for more than $400,000 — the rental is the latest to try to cash in on demand among the rich for lavish short-term homes with five-star hotel amenities.

The penthouse, on the 17th floor of the hotel, has four private terraces, a wood-burning fireplace, hardwood floors, a gourmet kitchen and a dining conservatory. The walls are adorned with original artwork and hand-painted de Gournay wallpaper.

It also comes with new high-definition flat-screen televisions (with movies on demand), five telephones, complimentary high-speed wireless Internet and twice-daily maid turndown service.

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Despite the price, interest seems to be strong. "It's our first day on the market and my phone is ringing," Therese Bateman, the property's listing agent, said.

One reason may be that the hotel penthouse is a relative bargain compared with some others in town. The top digs at The Pierre rent for $400,000 and $500,000 per month, and one at The Surrey goes for $450,000.

Real estate agents say demand for short-term penthouses and mansions has soared in recent years as the rich become more mobile but want all the privacy and comforts of home.

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