Manhattan real estate is some of the priciest in the world.
As a comparison, consider this: across the United States, the median rent is $959 per month. In Manhattan, however, the average is more than triple that number at $3,109 per month.
So, what makes New York so special, and why Manhattan in particular? Well, for starters, it's small, very small. In fact, it only covers 23.7 square miles and is the most densely populated area in NYC. It also has limited parking, which is nearly as rare as unicorns in New York, so people are willing to pay a pretty penny for that convenience. Plus, just about everything is expensive here, including construction costs and property taxes. Landlords and sellers charge a lot for Manhattan real estate to offset these expenses - and because they can.
Many celebrities call Manhattan home. As you can imagine, certain neighborhoods (and even blocks or buildings) attract more A-listers than others. If you want to live next door, you'll have to pay up. Considering it? Let's take a closer look...
Of course, many Manhattan apartments are like no others.
While they may come with steep price tags, they may also include floor-to-ceiling windows, amazing views of the city, and more space than you'll find anywhere else, including your local Walmart. Many also feature amenities like a doorman and concierge services, as well as more insane offerings like pet spas for Fluffy and Rover, personal trainers when the gym is too far to walk, and climbing walls for those times when you just really want to climb something. It's not a bad life, really. The problem is, you (and everyone you know) probably can't afford it. Why? Because these apartments cost millions of dollars, probably more millions than most people can even imagine.
Well, not anymore. As of August, one of the most expensive real estate listings in NYC dropped its price to a meager $49,500,000!
You can probably haggle with the seller on this, but a few million one way or the other isn't going to make much of a difference. (In case you're wondering, Zillow estimates that this particular mortgage would cost just under $200,000 per month.) However, before you decide that this may be slightly over your budget, consider the amenities it offers.
First of all, it's over 1,000 feet high. This is wonderful news if you like gorgeous views, but it's not so great if you're scared of heights. Those gorgeous views include a panoramic vista of Central Park, so you can people-watch from the comfort of your own home. In addition, it has 4 bedrooms, 4.5 baths, and oh, an absurdly huge 6,240 square feet of space. Seriously, the "great room" is 1,500 square feet, which is larger than many average homes.
The building itself, One57, is home to a slew of billionaires you don't know as well as several celebrities. For privacy reasons, they haven't released the names of the residents, but Sting and Denzel Washington count among the rumors.
The building includes a health club, a spa, and an indoor swimming pool that's three floors high and overlooks Carnegie Hall (you can't make this stuff up). You'll also have 24-hour room service to offset the hours you spend at the "health club," catering, housekeeping, a meeting room and ballroom (in case you decide to host a party 1800s style), and multilingual hotel staff (though the available languages aren't specified, so you may want to ask before you move in to avoid confusion).
No mere workout room for you... residents have access to a full gym.
This gorgeous, amazingly-fancy apartment was designed by a famous Danish designer named Thomas Juul-Hansen. Hansen was born in Copenhagen but moved to the USA to attend the University of Miami and, later, the Harvard University Graduate School of Design. He's now based in NYC.
Guests are welcomed to the home via a private elevator. Enter through a reception gallery and foyer into the grand salon.
The black and white kitchen features state-of-the-art appliances and easy access to the breakfast room.
The dining room features Brazilian rosewood flooring. But honestly, don't look down at your feet when you can gaze out the windows at epic views on every side.
An expansive view of the Upper East Side provides a mesmerizing backdrop to the formal dining area.
The living room offers unobstructed views of Central Park through floor-to-ceiling windows.
Just imagine what heaven it would be to wake up to this view!
The master bath is decked out in white marble. The apartment also includes 3 additional, smaller bathrooms.
All in all, the apartment stretches across 6,240 square feet.
Ready to make an offer? You can contact the real estate agent Leah Beswick or one of her associates for more information.
Be forewarned, though. They probably won't accept Monopoly money.