CityRealty Insider > The City's Most Expensive and Inexpensive Apartments; 30-Year Rates Hit Historic Low

The City's Most Expensive and Inexpensive Apartments; 30-Year Rates Hit Historic Low

NOVEMBER 15, 2011

The city’s most expensive—and cheapest—apartments; 30-year mortgage rates hit historic low.

A headline-grabbing four-bedroom, 6,744 square-foot penthouse at the revered address of 15 Central Park West recently hit the market for $88 million. At the other end of the spectrum, Manhattan apartments with the smallest number of zeroes—$99k for the cheapest of the bunch, a Yorkville studio—round out a current market high/low list by The Real Deal. Through-the-roof rentals have been causing jaws to drop as well, as rents creep upward and celebs and other moneyed house-hunters spring for monthly over mortgage like the most expensive rental on the market, a three-bed in the Waldorf Astoria tower (it’s round!), going for $135k a month (Curbed NY).

On a positive note, 30 year fixed mortgage rates fell—as of November 10—to an all-time-low of below 4 percent for the second time in history (NY Daily News).

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