The New York Times on Thursday published an article about a New Jersey apartment that sold for $1.9 million and a Manhattan apartment that went for a whopping $2.3 million, raising questions about whether people who are living in apartments are getting the best deal on their rent.
The article reported that the two New York apartment complexes were built on the same land, but the properties are not connected.
The article did not reveal how much of the $1,9 million price tag was paid for the apartments.
The story comes amid concerns over rising rents across the country, and the issue of whether people are getting a fair deal on rent.
Rent in New York increased by 5.8% in January and by 6.6% in February, according to data from real estate firm CBRE.
Last year, the average rent in the city increased by 2.8%.
While there are few reliable data to evaluate the housing market, there is little doubt that there are more expensive units in New Yorkers’ apartments.
There are now more than 8.4 million units in the U.S., according to CBRE data.
In New York, the apartments were valued at an average of $2 per square foot, which is about 20% higher than the average of the last five years, according the real estate website Trulia.
The average price of an apartment in Manhattan is now $1 million, up 7.9% from the year before, according CBRE’s data.
The average rent is now about $2 a square foot in Manhattan.
The New York apartments were built at a time when rents were relatively affordable, according David Miller, the co-founder of Real Estate For America, a national advocacy group that has pushed for a nationwide ban on apartment building on public land.
“It’s a little bit of a strange situation because the price of the units is really the issue,” Miller told ABC News.
Miller said that even though the city has a tax incentive to keep affordable units in high-demand areas, that incentive is not being used in New Jersey.
Miller noted that the city is the only state that has a cap on the amount of subsidized affordable units.
The state cap for rental housing was $750,000 per unit, he said.
“The reason the cap is so low is that it has to be in the housing that people want, and that is what is causing the increase,” Miller said.
Miller is the coauthor of the upcoming book, The Housing Bubble, which details his efforts to help stop the housing bubble.