"The apartment makes everything plausible," said Mr. Emko, whose one bedroom is so tiny it fits only a bed. Despite the apartment's size - barely more than 300 square feet - an affordable rent-stabilized rental on East 89th is still considered a plum.
Guess what the rent is for 300'FT? In New York City? $715/month!
http://www.nytimes.com/2005/01/23/realestate/23habi.html
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