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The median rental price in New York City’s most expensive borough dropped 2.8% to $3,300 in March from the same time a year ago. This is the first annual decline in 24 months, according to the latest report by real estate appraisal firm Miller Samuel for Douglas Elliman Real Estate.
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It’s no secret that Manhattan rents are expensive. But the most expensive rental in the city will set you back a whopping $500,000 a month.
