Subscribe | UPI Odd Newsletter Subscribe NEW YORK, June 8 (UPI) -- Nine people who had lived above the now-demolished Mars Bar in New York's East Village got nice new apartments for $10 a month, a developer says. How did they get such a good deal in a neighborhood where apartments average $3,418 a month? They happened to have been long-time residents of an old building sitting on land BFC Partners wanted to redevelop into a 12-story, 65-unit residential, commercial and retail building called Jupiter 21, Yahoo! News reported Thursday. Advertisement The nine had to find alternate living arrangements for a couple of years while the new building went up and they can't resell their apartments for a profit, but they can rent them out. BFC's Joseph Ferrara said the arrangement made financial sense for the developer. "If it wasn't for the existing residents that were living in a very dilapidated building prior to us constructing Jupiter 21, we would never have a project at this location," he said. "We felt we owed it to them to replace their home with a brand new, modern apartment in a building that is being well-received into the community. "We hope the existing and new residents thrive in their new environments and enjoy all the amenities that Jupiter 21 has to offer." Advertisement Studios and one- and two-bedroom apartments in Jupiter 21 go for $3,000 to $10,000 a month.
