Billionaire’s Row: An Anatomy

Super Living
Sep 1, 2022
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One 57 Tower

Square footage: 853,567 sq ft
Number of units: 94
Number of stories:
90 Lowest unit purchase price: $3,950,000 to $45,000,000
Highest unit purchase price: $45,000,000
Vacancy rate: 11%
Unique amenity: marble bathtubs

53W53

Square footage: 700,000 sq ft
Number of units: 145
Number of stories: 77
Lowest unit purchase price: $3,450,000
Highest unit purchase price: $64,730,000
Vacancy rate: 66%
Unique amenity: golf simulator

Steinway Tower

Square footage: 572,348 sq ft
Number of units: 60
Number of stories: 82
Lowest unit purchase price: $6,000,000
Highest unit purchase price: $100,000,000 to buy
Vacancy rate: 75%
Unique amenity: private barbershop

Selene

Square footage: 322,000 sq ft
Number of units: 94
Number of stories: 63
Lowest unit purchase price: $1,715,000
Highest unit purchase price: $8,995,000 to buy
Vacancy rate: 10%
Unique amenity: bamboo-lined swimming pool

Central Park Tower

Square footage: 1,285,308 square feet
Number of units: 179
Number of stories: 98
Lowest unit purchase price: $1,500,000
Highest unit purchase price: $60,000,000
Vacancy rate: 47%
Unique amenity: private ballroom on the 100th floor

Everybody Else

NYC median rent: $4,000
Median rent increase in Manhattan since 2021: 25%
Median cost to buy an apartment in NYC: $767,000
Average square feet per person in an NYC apartment: 975
Expected rent increase citywide through 2024: up to 9%
Most common use for billionaire-owned apartments: storage