In an expensive city like New York, $10 doesn’t get you much. But for nine tenants who occupied two small buildings along Second Avenue for decades, their ten bucks will buy them a two bedroom, tax-free apartment in a fancy pants luxury high-rise. The tenants struck a deal with BFC Partners a few years ago to buy cooperative units in a new 12-story, 65-unit building called Jupiter 21, where market rate rents range from $3,000 to $10,000 per month. Now complete, the tenants are finally ready to move in to their new digs overlooking the Manhattan Bridge.

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The new Jupiter building replaced two old buildings in the East Village—one of which housed the treasured Mars Bar. Though the demolition of old-school neighborhood history brought much upheaval among the locals wanting to hold onto the fading culture of the place they called home, BFC kept its promise to offer 9 of the 13 affordable units for purchase by Mars Bar building tenants.

The tenants will now be owners of a luxury apartment, designed by GF55 Partners, which boasts lots of sunlight, a built-in washer and dryer, walnut floors, a rooftop terrace and even a serenity garden. The other four units will be sold by lottery $150,000 to residents making under $64,000.

“I don’t know who these people are,” said tenant John Vaccaro, 81, to Crain’s New York, as he motioned to the street below his second-floor loft. But he’s not going to pass up this great deal. “They’re giving me a two-bedroom apartment. That sounds fab.”

+ GF55

Via Gothamist