In this city, new apartments cost 4x more than houses

Would you pay $773,000 for an apartment in Syracuse, where the median home costs one-fourth as much?

New York state is doing just that.

The state just broke ground on East Adams Phase I, a $102 million, 132-unit affordable housing development on public land in Syracuse. That’s $773,000 per unit — about as much as it would have cost in New York City…

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