Low inventory has equated to a surge of pricing in the West Village, not only within the sales aspect of the Townhouse Market but within the rental as well. People who cannot necessarily afford to buy a one bedroom for $2,000,000-$2,500,000, are opting to rent; recently while listing a penthouse one bedroom apartment on the third floor of a building at 55 Grove Street I came across many of these individuals. Given the high end renovation of the apartment, it garnered a tremendous amount of interest instantaneously, even at $6,500/month. Three hours into the listing hitting the market with an open house, 8 people had come by to view the apartment before noon, 5 had asked for applications and one returned with paperwork and financials before the open house was over. Leases were signed and checks were delivered later that night, netting the owner $72,000 a year in rent up front for his one bedroom penthouse, not to mention it was a walk up....