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Developer of "100% affordable" 535 Carlton now offers 1.5 free months on 2-BRs as incentive for middle-income units

Starting this past January, as I wrote, the developers of the "100% affordable" 535 Carlton--where some 95 (of 148) middle-income units were not taken in the lottery--began offering one month free on middle-income one- and two-bedroom units, officially renting for $2,680 and $3,223, respectively.

Guess what: now they're offering--as shown on StreetEasy and in the screenshots below--1.5 months free on two-bedroom units, so their "effective rent" is $2,820. The screenshot below shows net rent.

The screenshot below, showing a revised version of the listings, shows gross rent, though two-bedroom units each advertise 1.5 months free. The upward-facing arrows indicate an "increase" in rent back to the official rent, though the net rent remains the same.


One-bedroom units rent for an effective rent of $2,457, which is just one month free.


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