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August 2, 2012
EXCLUSIVE: Want To Live Near Top Of NYC Skyline? Only Costs You $60,000 A Month
CBS New York
by Dave Carlin
Big news on affordable housing from Forest City Ratner!
Now you can live atop a gleaming, 76-story art sculpture, but it doesn’t come cheap.
In a CBS 2 television exclusive, reporter Dave Carlin was granted a first look inside the penthouses of Manhattan’s tallest and swankiest residential tower.
...“Asking rent for this apartment is $60,000 a month,” [Forest City Ratner's Susi] Yu said.
...The luxury skyscraper has one surprising amenity: rent-stabilization. The high-rent units will stay that way for 20 years.
NoLandGrab: That's right! If the NYC Rent Guidelines Board limits the annual stabilized increase to 2%, as it did this year, you'll only be paying $1,000,000 or so in rent in 2032. How can you pass that up?
Posted by eric at August 2, 2012 10:51 AM