Cooperative apartment on the Upper East Side of new york

In the upper East affluent area, the average price of a four-bedroom or larger cooperative apartment is $3 million. In a place like 820 Fifth Avenue, if you can still find an apartment, its price may be higher than this. Many cooperatives mean "cash", because according to the rules of cooperatives, no one can buy a cooperative by mortgage, and some cooperative boards need to have an audit certificate of net assets of 6.5438+million to 20 million or even 50 million dollars. Besides money, due to the control of the cooperative board, it often happens that even if you have enough assets, you can't live in these cooperative apartments. Ronald Pamia, the boss of Luhuanong, was rejected by 820 Fifth Avenue, while some apartments refused lawyers, some apartments refused fashion professionals, and many apartments refused entertainment stars.

The most expensive houses on the East Side are located on Fifth Avenue and Park Avenue, which is also the area with the highest average household income in new york. In the 1990s, a survey on the owners of11cooperative apartments in this area showed that their average household income was $730,000, while that of cooperative apartments in new york was $65,000. The average household income in this area is $228,000, while that in new york is $42,000.

According to the survey, 65,438+08% lawyers, 65,438+08% public relations and advertising managers, 265,438+0% management analysts and 65,438+04% promotion agents in new york live in the Upper East Side, and about 65,438+06% economists live in the Upper East Side, which belongs to new york. 1999 randomly selected 22 16 families in new york for investigation, among which only 15 families had an average income of more than 200,000 dollars, of which 12 families lived in the Upper East Side, and most of them lived near Fifth Avenue.