Nike is offering $4,000 in rent money to winners of an NYC race. In Manhattan, that might not be enough.

Nike is offering a prize of $4,000, described as 'one month of free rent,' to two winners of a street race in New York City on August 29. The race will involve 100-meter dashes, with participants selected by random drawing. However, the prize amount falls short of Manhattan's median market-rate rent of $5,000. The event coincides with Mayor Zohran Mamdani's efforts to make housing more affordable in the city.

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