By Camille Salama
Say "rental." The word conjures some pretty scary images: a sixth-floor walk-up, a basement mother-in-law, or some other way-less-than-upscale unit carpeted with worn-out wall-to-wall shag. We’ve all been there, done that.
But there is another level of rental properties that is nothing short of top shelf. These rentals are the crème de la crème of real estate, complete with huge footprints, stunning views, indoor pools, and blowout gourmet kitchens that let you know you’re not in Kansas — or an apartment complex — anymore.
The best part is that you don’t have to worry if the roof is leaking, because you’re a renter, not an owner!
247 Central Park West, New York, N.Y.
Manhattan is known for its pricey real estate, but this place is in a league of its own. Sitting directly on Central Park West, this grandly scaled contemporary mansion boasts more than 12,000 square feet. The mammoth home is spread over six levels plus a finished basement. It is studded with five bedrooms and eight bathrooms as well as a master suite that occupies an entire floor.
According to property history, the home sold for $22.38 million in January 2012. According to mortgage calculations, the monthly rent of $110,000 will just cover the home’s estimated monthly mortgage payment of $104,772, assuming a 20 percent down payment on a 30-year-mortgage.