one57, a luxurious 90-story condominium building in midtown manhattan nyc
DIY & Apartment Hacks

Seems Insane! ONE57 Residential Skyscraper To Charge $4,000/Sq Foot For Storage Bins

Seems Insane! ONE57 Residential Skyscraper To Charge $4,000/Sq Foot For Storage Bins Expand options

We all know that New York City is insane, but this story from The Real Deal takes the cake. Manhattan’s most talked-about luxury apartment building, One57, will be selling storage bins to its residents for $4,000 a square foot!

Deeded underground parking and maid’s quarters are old news; these days the latest “extra” up for purchase in New York’s priciest condos may be the least sexy: storage bins. At One57, there are 21 of them up for grabs, but those who need the subterranean space to stash away their bric-à-brac can expect to pay big. One57 is asking $216,000, or about $4,000 a square foot for a 54-square-foot bin, according to a recent amendment that Extell filed with the AG.

To put this in context, at MakeSpace a cubic foot of storage space costs $2 a month, so it would take approximately 2,000 years for that storage bin to pay for itself! Future One57 residents should maybe take a look at MakeSpace before spending their hard earned dough on these pricey storage solutions.

H/T The Real Deal

Top image via StreetEasy

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