Really High Rent? No Problem For Some NYers
NEW YORK (AP) -- Real estate experts in New York City say the market for five-figure rentals is strong.
They tell The New York Times that some well-heeled Manhattan residents are still skittish about buying real estate. They'd prefer to pay hefty rent.
In fact, Rado Varchola, a senior vice president at Citi Habitats, says it can be easier to market high-priced rentals than those in the lower brackets.
Among other things, he's offering a 2,700-square-foot, four-bedroom apartment on East 77th Street. The monthly rent? A mere $18,000.
That's cheap when compared to the city's most expensive rental, a mansion on East 80th Street, near Central Park.
It's listed for $210,000 a month. It's also for sale at $90 million.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
