Apple Store coming to Grand Central in NYC

Apple has just signed a 10-year deal with the MTA to open the largest Apple Store ever in New York City Grand Central Terminal. The maker of the iPhone and iPad have a few locations in NYC already, including the iconic cube store on 5th Avenue, but the coming Apple Store location at Grand Central is poised to be the most trafficked and possibly even the most attractive, given previous rumors regarding Apple plans for the 23,000 square-foot store.

Here are some quick facts presented by the New York Post:

"Apple will initially pay rent of $800,000 a year, nearly half a million more than Metrazur paid.

After 10 years, the rent will balloon to more than $1 million annually.

The company will also pay to refurbish the space.

The MTA is estimating that the deal will bring it a minimum of $5 million in profits."