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On the Rental Market: $5k 2BR in Alphabet City

Has the world come to this? A correspondent brings this new development rental on East 2nd between Avenues B and C to our attention. "Am I reading this right? $5,100 for 2 bedroom in Alphabet City?!?" To answer our own question: Oh yes. It has.
· Listing: 254 East 2nd Street [CORE]