CNBC's Robert Frank reports that a penthouse unit at the Lowell Hotel in Manhattan has just hit the market for $300,000—per month.
The three-bedroom, three-bath rental, listed by Brown Harris Stevens, features four private terraces, a wood-burning fireplace, and a gourmet kitchen. It can also be rented nightly for $14,000. The fee includes high-definition electronics, complimentary wireless internet, and twice-daily maid turndown service.
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.