commented on New Manhattan High-Rise Will Have a Separate Entrance for Poor People
Wow, just wow... "Extell's president, Gary Barnett, said the zoning law is aimed at creating more affordable housing. In this building, he said, the affordable units will rent for about $15 a square foot, whereas market-rate units will fetch five or six times that."
In my building the smallest apartment is a studio for 368 sq ft. So the affordable monthly rent for this apartment would be $5,520 a month. Let's just estimate high and go with the largest apartment, an 892 sq ft. 2 bedroom. That would be $13,380 a month.
That has to be some kind of typo.