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UES Studio <em>Bought</em> for $14,000: This Actually Happened

UES Studio Bought for $14,000: This Actually Happened

School teacher and aspiring novelist Matthew Thomas won the jackpot in the New York apartment lottery when he scored his Upper East Side studio apartment, around the corner from Elaine’s, for just $14,000. Literally; the man won the right to buy the apartment in a lottery that makes available a minuscule number of apartments to people with incomes under $49,625. The units are part of 24 Mitchell-Lama co-op buildings in Manhattan and most applicants wait a decade for a shot at one. more ›

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