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Price cut! $2200 rent for studio at 550 Vanderbilt condo approaches "affordable" level

OK, the largest number of affordable studio apartments in 100% affordable 535 Carlton will rent for $2,137 a month.

One market-rate unit in 461 Dean actually dipped below that threshold, after price cuts, as I wrote in December, and now market-rate units in 550 Vanderbilt, because of the glut, are getting closer: rent for one studio, as shown on StreetEasy, has gone from $2,500 to $2,200.