Meanwhile, enjoy Karl Fischer's 263 Bowery penthouse for just $15k per month

We've all been busy watching the hyper-luxurification of the Bowery in recent years. Karl Fischer's 263 Bowery is one of the higher profile projects ... just south of Houston... where workers demolished the onetime four-story building that housed the Restaurant Auction Outlet in the summer of 2008.

The million-dollar condos hit the market just about a year ago. Turns out that the three-bedroom penthouse remains on the market, going for $3.495 million now. But. In the meantime, the unit just hit the market as a rental — a tidy $15,950 per month, per Streeteasy.

Here's the listing at Douglas Elliman:

This beautifully appointed sundrenched 2177 sq ft 3 bedroom / 2 bathroom Penthouse duplex boasts picturesque city views with over 660 sq ft of 3 private outdoor spaces. Award winning architect Karl Fisher combined with Richardson Sadeki's minimalistic vision provides the perfect combination of form and functionality, from the flowing layout with unique concrete floors, to the sophisticated sleek finishes. Residents of 263 Bowery enjoy virtual doorman services, common roof deck, private storage unit and 421a Tax abatement. With its desirable location 263 Bowery has the very best of what downtown has to offer from the New Museum to the incredible new Sperone Westwater gallery & trendy Keith McNally's new restaurant Pulino's.

Seems like a nice perch to watch the ongoing slaughter!

Take a look yourself Sunday during the open house from 2-3 (p.m.)