Reality TV World Show Updates   People News   Spoiler News   Entertainment News   RealityTVDB   POP Hollywood   Reality TV News Wire
Features & Interviews   Sexy Social Pics of the Day   Things to Know Profiles   Message Boards   Shows Listing


Nine lucky renters got $10 per month NYC apartments

UPI News Service, 06/08/2013 

Nine people who had lived above the now-demolished Mars Bar in New York's East Village got nice new apartments for $10 a month, a developer says.

How did they get such a good deal in a neighborhood where apartments average $3,418 a month? They happened to have been long-time residents of an old building sitting on land BFC Partners wanted to redevelop into a 12-story, 65-unit residential, commercial and retail building called Jupiter 21, Yahoo! News reported Thursday.

The nine had to find alternate living arrangements for a couple of years while the new building went up and they can't resell their apartments for a profit, but they can rent them out.

BFC's Joseph Ferrara said the arrangement made financial sense for the developer.

"If it wasn't for the existing residents that were living in a very dilapidated building prior to us constructing Jupiter 21, we would never have a project at this location," he said. "We felt we owed it to them to replace their home with a brand new, modern apartment in a building that is being well-received into the community.

"We hope the existing and new residents thrive in their new environments and enjoy all the amenities that Jupiter 21 has to offer."

Studios and one- and two-bedroom apartments in Jupiter 21 go for $3,000 to $10,000 a month.

Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.

Copyright 2013 United Press International, Inc. (UPI). Any repr


Take Our User Survey

Page generated Mon Apr 23, 2018 13:38 pm in 2.3773498535156 seconds

About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed