TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

NYT Reporter Checks Out $67 Million Midtown Apartment

One57ApartmentWhenever we encounter an article like Julie Creswell‘s weekend print/video piece, we can’t help but open a new Web browser window. However, when we tried to calculate the 30-year-fixed monthly payment (with 10% down) for that $67 million, 87th floor One57 apartment, the bankrate.com calculator told us: “Please enter a value between 1 and 10000000.”

When your monthly mortgage payment hovers around or exceeds a quarter-million, there’s no need for an online mortgage calculator. If you have to calculate, you can’t afford it:

Put another way, the apartment costs nearly $11,000 per square foot. That’s Per. Square. Foot.

Too rich? Well, there is another, similar apartment a few floors lower that has a number of potential buyers circling it that’s “only $55 million,” [Extell Development Company founder] Mr. [Gary] Barnett says before pausing. “I didn’t really say, only $55 million?” He laughs. “It’s all relative.”

The penthouse price at One57 is even higher, a staggering $100 million. Creswell also checked out the under-construction digs at 56 Leonard Street. No online calculator needed there, either. At press time, over 75% of One57 is sold.

Check out Creswell’s rarefied video glimpses here.

Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now!