June 19, 2014, Ben Lane
It wouldn’t be a shock to say that New York City is one of the most expensive markets in the country. That’s pretty well known at this point, right?
Any time there’s a list of the most expensive markets, New York is always near the top. It may not be as pricey as San Francisco real estate is these days, but it still costs a pretty penny to live in the city that never sleeps.
Anyone who lives (or has lived) in NYC can attest that unless you want to live inside an actual closet, you’re going to have to fork over a substantial stack of cash to buy a halfway decent apartment in the city.
And if a new listing is any indication, that substantial stack of cash doesn’t go nearly as far as it used to.
That’s because there’s now a studio apartment in Manhattan listed for $1 million!!!
Are you sitting down?