The Treasure Trove on the Ground Floor

(The New York Times) New York is rife with urban legends, like the one about the nine-foot crocodile that lives in the sewers, or the one about the treasure buried on Liberty Island.

Then there is the one about the zero-maintenance apartment. But it turns out this one is true.

Alan B. Mitchell, a resident and former board president of 47 East 88th Street, says replacing the previous storefronts with higher-paying retail tenants like Armani Junior has helped to keep down maintenance costs for residents. Credit: Rebecca McAlpin for The New York Times

Source: http://www.nytimes.com/2013/04/14/realesta...