GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Building In Nyc

The most expensive building in NYC is One World Trade Center, with a construction cost estimated at over $3.9 billion.

Last Updated: June 17, 2024

How we write

In this post, we will explore the fascinating world of New York City’s most expensive buildings and real estate statistics. From the iconic One World Trade Center to the luxurious residences along Billionaires’ Row, we will delve into the construction costs, record-breaking sales, and evolving trends in Manhattan’s property market. Join us as we uncover the numbers behind some of the most prestigious addresses in one of the world’s most sought-after real estate markets.

Statistic 1

"The building with the highest construction cost in New York City is One World Trade Center, at approximately $3.8 billion."

Statistic 2

"One57, also in New York City, cost around $1.5 billion to build."

Statistic 3

"One57 is also home to the most expensive apartment sold in New York City, at a price of $100.5 million."

Statistic 4

"The Time Warner Center had construction costs of approximately $1.7 billion."

Statistic 5

"The Baccarat Hotel & Residences in New York City cost around $230 million to build."

Statistic 6

"The 220 Central Park South building, which had an estimated cost of $1.4 billion"

Statistic 7

"The average price per square foot for condominiums in new developments in Manhattan is $3,021."

Statistic 8

"The biggest sale in NYC in 2019 was Ken Griffin's $238 million penthouse at 220 Central Park South."

Statistic 9

"New York City's residential halls for billionaires transformed Central Park South into Billionaires' Row with the most expensive properties."

Statistic 10

"Eleven Madison Park is reportedly the priciest building per residential unit sold, at $57 million per apartment."

Statistic 11

"Hudson Yards is the most expensive real estate development in US history, with a price tag of $25 billion."

Statistic 12

"In 2018, there was a dramatic fall in sales of the priciest NYC apartments, down over 40% from 2017."

Statistic 13

"Residential property sale prices in Manhattan have dropped 56% in the last five years."

Statistic 14

"Record for most expensive townhouse sold in Manhattan was set at $79.5 million."

Statistic 15

"Median rent in Manhattan is $3,475."

Statistic 16

"St. Patrick's Cathedral restoration cost was $200 million."

The statistics provide a comprehensive overview of the real estate landscape in New York City, showcasing the significant investments made in iconic buildings such as One World Trade Center, One57, and 220 Central Park South. The data highlights the growing trend of ultra-luxury properties and Billionaires’ Row, along with the challenges faced, as seen in the decline in sales of high-end apartments and residential property prices in Manhattan. Despite these fluctuations, the city remains a hub for extravagant real estate transactions, setting records in both construction costs and property sales.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.