sassa Posted July 11 Report Share Posted July 11 New York City high living costs $68m 12.07.2003NEW YORK - The cost of living large in New York has gone through the roof, with a British financier paying US$40 million ($68 million) for an apartment space on the edge of Central Park. The buyer, who was not identified by brokers, is taking the 780sq m, 76th floor of AOL Time Warner's new home and half of the floor above in the most expensive apartment sale in the city's history. The pending purchase, which includes a terrace that wraps around the 76th floor, tops the former record sale of a Park Avenue apartment for US$36 million. The property, in the south tower of the two-tower structure being built on Columbus Circle, was sold raw, with the space lacking internal walls and interior decoration. "Whomever he chooses to design it for him is going to have one of the greatest blank spaces in the world," said Pamela Liebman, head of Corcoran Group, which represented the buyer. The space in the 80-storey high-rise on the southwest corner of the park has Manhattan views that stretch from the Hudson River on the west to the East River. "It's one of those odd, singular, unique, one-of-a-kind opportunities," said Steven James, senior executive vice-president of real estate brokerage Douglas Elliman. The towers will also be home to a jazz music centre, a hotel, restaurants and shops, in addition to media conglomerate AOL Time Warner. The 200 apartment units will range in price from US$1.8 million to US$30 million. The AOL Time Warner Centre will open in stages, beginning with the residential units before the end of the year. - REUTERS Quote Link to comment Share on other sites More sharing options...
tranzwhore Posted July 12 Report Share Posted July 12 how do you guys do it up there in nyc?eat crackers alot, huh? Quote Link to comment Share on other sites More sharing options...
marcid21 Posted July 12 Report Share Posted July 12 Originally posted by tranzwhore how do you guys do it up there in nyc?eat crackers alot, huh? lol...and baked beans out of a can.Actually, just to elaborate on this a lil'....i believe avg. incomes in the tri-state area are also much more than other parts of the US.ex. my counterpart on the west coast makes just about 18G's less than I per year.*shrug* Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 13 Report Share Posted July 13 Originally posted by sassa New York City high living costs $68m imagine how much commission the agent made??? holy canoli... more importantly i want to know who the eff this mofo is and what he does... Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 13 Report Share Posted July 13 Originally posted by sassa New York City high living costs $68m imagine how much commission the agent made??? holy canoli... more importantly i want to know who the eff this mofo is and what he does... Quote Link to comment Share on other sites More sharing options...
dialectics Posted July 14 Report Share Posted July 14 i've been watching them construct that building for the past long while.... its nothing special. nice view but certainly not worth 68mm, even if i did have that kind of loot, hehe Quote Link to comment Share on other sites More sharing options...
stdiamante Posted July 14 Report Share Posted July 14 good for him though.. If hes got it.. The crazy fact is $40 million is the raw space cost They predict an extra 15 million to finish Quote Link to comment Share on other sites More sharing options...
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