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Rent Increases In Market Rate Units Q.
Prices for the market-rate units range from $259,000 to $661,550.
Of the market-rate units, 14 remain, Mr. Lewis said.
For each "Mount Laurel unit" built, developers were allowed to construct four market-rate units.
(These market-rate units boast some of the highest prices per square foot in Manhattan).
The estimated charge for the market rate units is $435.42, with $409.97 tax deductible.
The market-rate units at the $22 million project will be priced from $300,000 and up.
The market-rate units, which will be identical, are to rent for $2,000, $2,250 and $2,500.
Halstead Property, the marketing agent, has priced the 54 market-rate units at $450,000 to $899,000.
The low-income apartments are subsidized by the market-rate units.
Reaction from buyers of the market-rate units has been positive.
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