Res. of New Times Square — Rental Market Data

Res. of New Times Square carries four active listings as of August 31, 2026, with asking rents ranging from $2,295 to $3,700 per month, an average of $2,824 and a median of $2,650. Suites average 650 square feet at $4.32 per square foot, and the inventory leans toward multi-bedroom executive layouts, with two-bedroom units representing 50 percent of available space. The remaining half splits evenly between a single one-bedroom and a single studio, both at 550 square feet.

The dominant active layout at Res. of New Times Square is the two-bedroom, with two units representing 50 percent of current inventory at an average asking rent of $3,350 per month, 750 square feet, and $4.47 per square foot. One one-bedroom unit (25 percent share) lists at $2,300 per month for 550 square feet at $4.18 per square foot, and one studio (25 percent share) asks $2,295 per month for 550 square feet at $4.17 per square foot. Both the one-bedroom and studio are single-listing tiers with no additional options in those categories.

Res. of New Times Square shows an active asking spread of $1,405 (61.2 percent), from a minimum entry rent of $2,295 per month to a peak asking rent of $3,700 per month. The median asking rent sits at $2,650 per month. The entry-level suite is a 550-square-foot studio at $4.17 per square foot, while the peak listing is a 750-square-foot two-bedroom at $4.93 per square foot.

Res. of New Times Square does not have a quantified active den premium; the dollar amount and square-footage delta for den configurations are unquantified in current listings. Marginal cost per square foot for extra den space therefore cannot be calculated from available data. Active parking premiums cannot be reliably isolated from current listings due to insufficient paired samples, though verified historical leases established a $150 per month parking stall benchmark.

Res. of New Times Square asks an average of $2,824 per month at $4.32 per square foot, compared to the St. Lawrence submarket asking benchmark of $2,934 per month at $4.51 per square foot. The building's asking rate per square foot runs 4.2 percent below the submarket average, and the lower nominal monthly rent is partly attributable to the current inventory's mix of compact 550-square-foot studios and one-bedrooms alongside larger two-bedrooms. The building holds four of the 116 active listings in the St. Lawrence submarket, representing roughly 3.4 percent of total available inventory.

Res. of New Times Square leases at an average of $2,716 per month, which is $2,159 below the four-comparable average of $4,875 and undercuts the two comps with reported lease data. Old York Place II at 25 George St commands $5,400 per month at $10.89 per square foot across 496-square-foot suites, representing a $2,684 (49.7%) premium over the subject's realized rent. 173a King Street E at 173a King Street E leases at $4,350 per month and $2.56 per square foot across 1,700-square-foot units, a $1,634 (37.6%) spread above the subject. New Town of York at 135 George St S and The Saint James at 39 Jarvis St recorded no closed leases in the trailing 180-day window, so no direct rent comparison is available for those two properties.

Res. of New Times Square delivers its 658-square-foot average suite at $4.27 per square foot, a rate that sits below the Old York Place II benchmark of $10.89 per square foot and above the 173a King Street E rate of $2.56 per square foot, while the submarket leased average runs $4.22 per square foot. Against Old York Place II, a renter gains 162 additional square feet of interior space at a $6.62-per-square-foot discount, making the subject the more spacious and cost-efficient option in that pairing. Against 173a King Street E, the subject trades at a $1.71-per-square-foot premium but provides 1,042 fewer square feet, meaning a tenant accepts a notably smaller footprint in exchange for a building with a full concierge, fitness, and social amenity suite rather than a shared-laundry-only offering. The net effect is that the subject occupies a mid-market value band: more expensive per square foot than the newest large-format product nearby, yet substantially cheaper per square foot than the older, compact-suite stock on George Street.

Res. of New Times Square offers a 13-item amenity program that extends beyond every nearby competitor in the St. Lawrence cluster, particularly in wellness and social-dining categories. The subject's dedicated Yoga Studio, Hot Tub & Jacuzzi, Dining Room & Kitchen, Garden & Courtyard, and EV Charging Station are features absent from New Town of York (which instead offers an Indoor Pool, Squash & Racquetball Court, and Library), missing from The Saint James (limited to a Gym, Party Room, Meeting Room, Library, and Rooftop Terrace), and entirely unmatched by 173a King Street E, whose sole listed amenity is a Shared Laundry Room. Old York Place II counters with an Indoor Pool, Indoor Running Track, and Media & Theatre Room that the subject does not replicate, but the subject's combination of a full dining kitchen, outdoor garden courtyard, and on-site EV charging addresses day-to-day convenience and wellness needs that none of the four competitors cover in a single package. This lifestyle profile best serves young professionals and small households in the 25-to-40 age range who prioritize a walkable downtown address, daily fitness and recovery options, and the ability to host or dine in without leaving the building.