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Stay at New York City's tallest residential tower and pay $200,000 for a storage bin
If you are looking at buying a condominium 90-storied tower One57, then you can actually get yourself a shining new bin at the base for $200,000. There are 17 basement wire-mesh bins that are 7-feet in height that is going for $3,776 per square foot but only to the condo owners of the building. The high rise built by Extell Development also boasts of rental apartments and a Hyatt hotel at the prime location of West 57th Street near Carnegie Hall. The most economical storage bin spans 30 square feet, and costs $110,000 each. The most expensive bins are two really, each 50 square feet of space with a price tag of $200,000 price tag.
Reportedly, “for the $200,000 asking price, a buyer could also rent a conventional offsite self-storage room, with sheet-metal walls rather than wire mesh, for 83 years at a typical rent of $200 a month.”
As for the 94 condos at One57 are concerned, each are priced at a record $2 billion, while 13 condos are priced in access of $42 million. There are two high-floor duplexes as well costing $98.5 million. The apartments will be made available in 2013.
[WSJ] And [BusinessInsider]
by kamakshi, on December 13, 2011 - 6:34 AM in Real Estate | Comments () -
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