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2nd Ave Line Drives High Prices; Roomies Stay in 'Burg

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Welcome to It Happened One Weekend, our weekly roundup of The New York Times real estate section...

1) Rich people. What are they spending millions of dollars on? What are they complaining about? This is What's Up With Rich People?
Long the territory of recent college grads and the occasional Nazi , the section east of Third Avenue on the Upper East Side is attracting more and more rich people. The penthouse at The Charles on First Avenue, for example, recently went into contract for $37.94 million, a neighborhood sales record and more than double the previous record of $17 million. What's driving this boom? Brokers speculate it's the prospect of the neighborhood-wide renaissance offered by the first Second Avenue subway line, which is set to open in late 2016 (yeah right). ["Higher Prices Migrate to Far Upper East Side;" photo via Scott Lynch/Curbed Photo Pool]

2) Every "The Hunt" column begins with the Hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. RealityThe Hunter: roommates looking to rent
Price
Dream: $2,600/month
Reality: $2,500/month
Neighborhood
Dream: Williamsburg
Reality: Williamsburg
Amenities
Dream: large living room, non-adjacent bedrooms
Reality: large living room, non-adjacent bedrooms
Summary
This week's hunters are a pair of roommates who hooked up on Craigslist, but neither of them are murderers (that we know of). They went searching for a new two-bedroom to rent in Williamsburg, with a rent topping out at $2,600/month. Eventually, they found a pre-war co-op in South Williamsburg, eventually negotiating a rent of $2,500/month and splitting a $4,500 broker's fee. [The Hunt/"A Penchant for Privacy in Williamsburg"]

The Charles

1355 First Avenue, New York, NY