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The median price for a studio apartment in Manhattan was $498,000, which was up 1.9% from a year ago. The median price for an apartment with four bedrooms or more was $6.650 million, up 9.9% from ...
In June, the average monthly rent in New York City surpassed $5,000.
Vanity Fair described 15 CPW as "the highest-priced new apartment building in the history of New York". [4] Though the real-estate market in general had slowed down due to the financial crisis of 2007–2008, luxury condo sales at 15 CPW and the Plaza Hotel disproportionately impacted average apartment prices in Manhattan. [89] [90]
1049 Fifth Avenue is a 23-floor luxury condominium apartment building located in the Upper East Side of Manhattan in New York City. Built in 1928 as the Adams Hotel, the building underwent extensive renovation in its conversion to residential condominiums during the years 1990–1993. When the apartments were first offered for sale in 1991 ...
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Apartment-building developer Maurice Mann agreed to buy the building in November 2006 for between $425 million and $426 million. [93] [94] This amounted to about $2.4 million per apartment, the highest per-unit price ever paid for a rental apartment building in Manhattan.
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