Really high rent? No problem for some NYers

AP News
Posted: Jun 07, 2011 8:07 AM
Really high rent? No problem for some NYers

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 _ buckle your seat belt _ $210,000 a month.

It's also for sale at $90 million.


Information from: The New York Times,