Why This Billionaire's Row NYC Apartment Is Valued At $28.7m | Luxury Listing Price
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- čas přidán 4. 07. 2024
- 111 West 57th Street is a luxury high-rise building found on Billionaires' Row in New York City. Real estate broker Amy Williamson shares a tour of Residence 43 that is currently listed at $28.75 million.
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Why This Billionaire's Row NYC Apartment Is Valued At $28.7m | Luxury Listing Price
I loved the bit about how these people who buy them don't even live in them
Billionaires shouldn't be allowed to exist.
@@Daniel4119 eat the rich!
@@mingmingandmikki or perhaps just rob them?
@@Daniel4119 why
@@goose5718 There is no such thing as an ethics billionaire.
You can buy 10 mansions at that price or 5 castled home. Countless Tudors, Cape cods, Manors, Equestrian Houses, Farm houses, many ranches.
28 mil for three bedrooms. It's not the apartment that make it expensive,it's the location.
You can buy many mansions that's more peaceful nice and relaxing for that money. 28 mil for an apartment in a crowded noisy city, people with money sure don't have brains.
@@zZiL341yRj736 plus al qaeda won't fly into your bedroom. Too soon?
you can also buy 40.000 tents
I agree.Very much.
@@zZiL341yRj736 Pretty sure the people who buy these flats already have the peaceful mansion... They have to actually live somewhere right? These ones are just stocks or temp apartments for when they have to visit the big city.
That agent will get almost 900k when she closes the deal🤯🤯
The one with the haughty Brit accent?
👀
Realtors in a racket
Agent fee is the most disgusting charge. Minimum work with no liability whatsoever
Don’t be naïve once you get into the $1 million and above price range the 3% commission is out the door. They’ll be lucky if the owner doesn’t negotiate them down to a 0.5% to 1% of the sales price.
I normally do not like editors commentaries, but I appreciate it this time. She is essentially translating the Real Estate's to poor people. Aka me.
Really? I kinda had the feeling that she was shitting on the real estate agent, constantly interrupting her and reminding us what she forgot to tell us :D
@@self1sch the agent is reminding us how poor we are, and the editor is saying "I get you, I had to look these up to because I am also poor, so let me save you the research".
@@edwinfndz dumbest take i’ve seen
This elitist agent has arms that almost hang down to her knees! Very creepy looking!
I actually find it annoying…
No-one will probably believe me but I find all of this quite tasteless. Just buying the most expensive stuff doesn't make it precious.
Yes it does
Oh honey this is not the most expensive at all.
@@edwinfndz oh and I bet you know all about the most expensive stuff in life right?
@@mikegillihan4428 taste can't be purchased. Ever seen Trump's gilt smeared bordello?
@@mikegillihan4428 it’s true this is far from the most expensive stuff n this building
I would buy this appartment and replace everything with Ikea furniture haha
Haha same 😅
Im will be having nightmares about cleaning all that space alone
@@samuelray8582 ummm ... if you can afford this joint, you can spring for a cleaner or two, surely?
Then it's value decrease likewise and you're almost, just paying location.
I can't get over how a massive skyscraper in New York City only has 43 units. The absurd amount of inefficiency going into the cost of building a condominium like that is just mind-boggling. Real estate is already sparse enough in NYC and there's no way this helps. But I guess it's Billionaires' Row for a reason.
What’s the reason
New York's build limits, air rights and other regulation ensure this type of housing is the only profitable thing to build. If this tower had not been built at this location it would probably be a short building housing 10 families if even that.
Just a sinks hardware, probably cost as much as a condo in California, i bet
And few to none of them even live there full time. Imagine how many affordable homes you can fit into that space if the visitors where just relegated to hotels.
The excessiveness, inefficiency, and wastdfulness is the point. They buy properties like this not because they need it or even want it, but because they can. And doing so makes them feel superior to everybody else.
Yes, because I definitely need those curved glass cabinets to reduce glare so I can sit on hours end admiring my dishes. Meh.
No it's your Gina! You gotta spend hours admiring your Gina!
Really liked your producers input, gave weight and explained some of the nuanced details, great video 😁
Ridiculous. Even if I had the money, wouldn't waste it on this overpriced atrocity.
@Yummy Spaghetti Noodles She even said they only visit their property a few times a year, it's wealth diversification, has nothing to do with utility.
@Yummy Spaghetti Noodles It's still gaudy - money can't buy taste.
They buy it as an investment. These buildings are tax exempt for up to 10 years. They increase in value and they sell them for a profit.
Well Said!
With peace and love, I don’t think you or any of us watching are the target consumers for this apartment
It's pretty messed up that some people are buying $29 million apartments when so many others in that very same city can't even afford food
Yeah, well, they should work harder. Drug addiction? Get clean, there’s numerous places that will help for free
@@hhansanfranz Jordan Peterson heeded that advice :)
@@tiffany3652 Imagine thinking this world is somehow... mericotratic
.....Its not messed up, what's next? "It's pretty messed up that people are eating really expensive food, when others can't afford any". LOL.
@NIKHIL go cry about it. You get what you work for in life
Im so happy that for 28,750,000 they didn’t forget the extra closet space! God forbid they wouldn’t have room for their red bottoms! The horror 😱
In Toronto 🇨🇦 a million dollar house has 3 bedrooms… this is literally a luxury “condo” with 3 bedrooms for TWENTY EIGHT MILLION over looking a forest 🥴
I'd say park not forest 😂
Tbh I would rather take a house lol. Apartment life isnt really a dream for me. For 400k you can get 6 rooms, 2 bathrooms, garage, fiber internet, sauna and some land where I live.
@@sxerosie 😂 i know…. but the view they have from this home is nothing but trees
@@Xirpzy i guess we’re not billionaires so we don’t understand 28 million 🤷🏽♀️ honestly if i won the lottery i still wouldn’t buy a home past 1.5 million and i live in an apartment now 🥴
The thing is, with the recent Toronto housing price boom, it's hard to find a one-million dollar house now. Even townhouses sometimes cost more than 1.5 millions.
New York will always be my other half but, this is exactly why my parents left New York. A great place to visit yet, a horrible place to live. Do we miss the food, cultures and, views? Yes. Do we miss the price? No. What is funny is my parents house (not in NY) has 5 bedrooms, 2 and a half baths and is 2 floors and they bought it for $250,000 when it was only a lot.
There isn't a single piece of furniture in that place that actually looks comfortable. Everything is gaudy and soulless. The only things I liked were the wet bar, the kitchen and all the bronze hardware by P.E. Guerin. And also Amy's shoes, they're probably the best thing in the entire video.
"A lot of these buyers only visit this home a handful of times a year". If this is the case I think this is a tremendous waste of effort on design job, apart from being so heavily overpriced. Imagine having people work on creating so many enjoyable details and so much work put into designing the most desirable living spaces, and then you're only there occasionally.
The materials used are surely top quality, but putting all of that into a place where no one lives for the most part of the year is, in my opinion, a waste of talent of the designers. And taking into account that space in New York is quite scarce, having such a tall building with so few housing units is an absolute nonsense.
I don't doubt that this place costs (and is worth, given the materials used) that much money, but I think it's too much for a 1 floor living space.
Well there is a demand for it
Absolutely no reason for it to be that much money tbh
Cry broke kid
Terrible idea to make faucets out of bronze, if they're used a lot they will go green
Thank God they aren't LOL.
They have bronze finish, not actual bronze
So apparently the copper bathtub has "heat retaining properties". That'll be why the apartment costs so much - they've invented a new type of copper that insulates rather than conducts.
Insulation in terms of retaining heat and insulation in terms of electrical flow are two different things. A lot of cookware is made of copper because of its ability to absorb heat and maintain temperature over time (ie heat retaining properties). Copper is also highly conductive which is why its the go to for electrical wiring.
Imagine getting rekd by a rando who clarified with scientific facts ^☝
@@RussellTracyPhotography nope, copper conducts heat, that's why it makes good cookware. A copper bath will conduct heat from the inside to the outside surface, where it will be lost to the surrounding atmosphere more quickly than almost any other common material. Copper baths do not insulate in any way.
@@fishbiscuit2000 ??? Copper has very good heat retention, you have no idea what you're saying
@@XX-qj9sj Nope. It doesn't. Copper has the highest thermal conductivity of any common metal at 231 Btu/(hr-ft-F). The only one higher is silver at 248. That means it conducts the heat from the inside of the tub to the outside surface where it will be cooled by both radiation and conduction. X X if you want to play then learn some facts
Comments - Full of hate
IRL - Imagining themselves living there
I was thinking the same thing haha
Dear, there are people that have taste.
Is it just expensive for the sake of being expensive?
@NIKHIL M how will investing in this benefit the person investing in it ? Or is it just for status ?
YunniTv because it’ll appreciate and gain you a profit.
Say's Law
@@TheKianaRoe It's NY. You got all these "flex gadgets" and the view, which just screams "you're gonna get more money for me in the future, since house/apartment prices are going up"
@@TheKianaRoe New York real estate tends to hold it value extremely well
Thank you for the update, Insider..!! Wow, that's an amazing place to live..!!
I couldn't afford to tip the doorman.
I have 4 bedroom, 2 living room, 2 kitchens , 3 bathrooms and a garden, and i am not a billionaire or am i?🤔
if you live in Australia, you will be in about six months
@@TUTENSKENGS Our housing market is hotter than the surface of the sun
And here I am watching this...barely paying my rent. What a wonderful world
dont compare yourself with those more wealthier than u, compare yourself with those less fortunate than you(thats what islam teaches😊), the purpose of life is to worship Allaah
@@Light-cy1gp No thank you. The purpose of life is to live it.
Thank god for youtube i know i would never be wealthy enough to experience this kind of extravagance in life. And thanks Herrine for explaining to us what she’s saying to us cause damn the words are sometimes too expensive to be in my vocabulary 😂
More investment than actual place to live in.
I wonder how many people I would need to steal from to become rich enough to afford this place?
Only one billionaire??
@@EngAlperDemir yup, just steal some pocket change from a billionaire, and you're set.
Sorry my friend - this is mob boss level. You prob won't get there
assuming you steal 20$ from 1 person, you'll need to steal moey from 1,365,000 people
I can’t imagine why anyone would spend that much money on a home. There’s no way these places really bring tens of millions of dollars worth of joy. Not worth the money
Well, this place is humongous for NYC and it's obvious that the people that would buy this place don't care so much about the joy but the luxury... It's stated in the video that the people who buy these, rarely live there, they just visit a couple times a year.
Honestly, it's astounding how these people can afford to buy such luxurious places when there's people there actually living in closet sized apartments.
Well said. I would buy Bugattis and F-16s myself.
They are most likely to bring you millions of dollars in profit though 😉
They're just for foreign billionaires to hide their wealth overseas
I love the commentary for this video
Almost everyone seems to hate it, and I wonder why they even watched it. 🤔
Am I the only one concerned about how all the nickel and bronze will smell after the new owner touches it?? Since it reacts with oils on the skin???
Is there a special polish on it or are billionaires dry😭
Plus, I ain't earning 30m to stand around polishing sinks
Imagine being so rich that you buy a $28 million apartment and then DON'T USE IT. The mind boggles.
Beautiful video dear friend.♥️.nice sharing...great...stay connected always
For that much money, one could wait to make the video when the sky is clear.
we actually went in multiple times and unfortunately luck wasn’t on our side :(
@@reiraro so on the other hand and that much money involved, they can’t wait until the sky is clear. Lol
Why would you spend 30M dollars for an apartment you spend 1 week a year in.
Wealth diversification and value protection, keeping cash or stocks is very expensive in the long term.
Exactly
@@EngAlperDemir please explain more 😮!
@NIKHIL M @YunniTv I don't think they are investing here, billionaires typically invest in creating/acquiring businesses, compared to that immovable properties such as these have very slim margins.
@@TheKianaRoe Well, for someone who has more than say $500 millions in cash, the effect of inflation and time value of money is significant, they'll be losing some 5% of the purchasing power annually not to mention taxes, so they resort to buying expensive properties like planes, yachts, luxury houses etc.. as these tend to preserve their value much better over years of time, and count against their business income so they can save on taxes as well, stock prices for large corporations tend to be somewhat steady over the years so they suffer the same problem as cash.
Property in America is so overvalued. Here in France you can buy entire estates with lakes and vineyards and live in true opulence for a lot less than what this claustrophobic apartment costs.
Space and freedom are the true luxuries. Not such a small overpriced high rise concrete cage.
You can buy that in America too, a building like this in Paris would probably cost the same
@@rodneydsouza2454 yes
Yes but then you'd have to live in France.
Depends on where in France eg Cote d’ Azur vs so where remote in the countryside. Same for America
At that price, it better come with the lady property agent.
👀
do they have a key to the emergency stair way at least? or does someone carry you upstairs if the elevator is down? Im assuming the elevator doesnt have any buttons and people have to call the front desk to go downstairs.
So if you want to get a plate out of the cabinet to warm up your spaghetti at 2am you need to call over a 7ft tall basketball player to get it down for you. I have never seen cabinets that are on the ceiling.
The producer be like, "okay, my colleague couldn't explain well,so here I am".
Also with so much excitement
This is crazy I've gone to jump of my window!!!!🤣🤣🤣 awesome.
British accents are a requirement to sell these homes
I love how her opining statement, the view on central park... is just a very normal view in the countryside
It would be an appreciated plus if you could also give the measurements using the grow-up system.
This doesnt feel like "home" at all
@NIKHIL M ?
the producer constantly chiming in got ANNOYING and made it seem like the realtor kept leaving things out or didnt do a good enough job explaining the place.
Her: the bathtub is finished in nickel and vintage bronze
Me, eating frozen waffles off of a paper plate: But I'm allergic to nickel! Rude
Nice Video
Just to let everyone know we all don’t talk that posh like her here in the United Kingdom 😂
Thinking that I can't afford this even I would work for the rest of my life. 😭
Not with that profile picture
@NIKHIL M yes you need both hard work, smarts and luck but not necessarily criminal activities
@@annonymously331 Actually now that you mention it, yeah. Certainly by the time you hit the billions, you’ve made ethically questionable decisions, but something like 28 million could just be luck and wits.
That coffee table that’s in the front centre is so wonky it looks like it’s re-enacting the last 20 minutes of Titanic.
But where can the man in the house have his tools and paint buckets? Where can he sit and repair toasters and bicycles? Do the wife have the whole apartment and the husband nowhere to be? Perhaps he must sit in the basement?
7:00 - Can I get up by using the stairs? I've lost access to my gym during Covid and need the workout.
So cool!
I saw row and read is as Inside a $28.7m Apartment On Death Rows, New York
i'd buy that for a dollar
I can give them $3 for that and i'm taking a big risk.
🤣🤣🤣 I got 2 extra dollars to add ! 🙋♀️
Portuguese marble you said? Unacceptable. Unfortunately I'm going to have to turn down this apartment.
I'll be taking my business to the _other_ really skinny high-rise.
Yes if it's not Madagascar Marble it's not alliterative enough.
The house is pretty!
I like the apartment. Please book all of em.
Darling, this is fabulous! Where do I sign? ✒️📜
This is disgusting. The people that can afford this aren't living in the same reality as us normal people.
So what?
Does this affect you?
You should have cut out everything with the real estate agent and did a walkthrough by yourself
So...like...at what point do you meet the Devil that you have obviously sold your soul to? 👺
Some people much prefer the no-talking drone shots or at least a presenter that doesn’t sound so flustered. Sounds like she’s literally panicking.
I wish I had a studio force-field calisa faucet on my kitchen sink. With fumed oak park field pattern floors. Then the pe garron door handles and jeweled onix bathroom with rod sconces and brass backings really set the place off... I would probably just have Billy Joel sitting there playing the piano all day and night in my common space and a maid that's only job was to polish day and night my white onix walls in the master bath. Thats when you know you made it in life. I would take a nap in my ebonized rosewood king bed and then take a bath in my William Holland tub with vintage bronze lip, cook a nice meal in my gagannau designer steam oven, have my live in barrista make me a espresso from my built in espresso machine imported from Italy. Then I could use my dressing hall to put on a nice suit before I take advantage of one of the hundred windows to jump out of to my demise when I realize I hate my life and I just spent 28 million dollars for a apartment in New York. Good news is I would splat down right in the middle of Central Park.
Nice
Pied-a-terre? Is the 'homestead act' still a possibility?
These buildings look like middle fingers to all the millions of New Yorkers who can't afford to live in it.
Most of these properties are purchased for the tax advantage, to use as a piggy bank, or to launder money. Many of these buildings were never intended to be lived in full time and one building on billionaire row is breaking down continuously leaving residents stranded without an elevator. You never buy something like this intending to live in it
Just one question in my mind why I am watching this 😅 while laying in my bed after midnight
And somehow like that we face the way Manhattan is destroyed.
Beautiful
Can you Talk About Kaitou Joker?
I want to live in Central Park tower :/ gotta be the coolest spot in a city in the US.
💰🤑💸 dam. I want to live there.
Whoever designed and furnished that apartment knows it's the little details that matter
4:07 YES VERY LITTLE GLARE SO I CAN SEE INSIDE!!!
I appreciate the good things of life but this is obscene. Carbon footprint is massive. How many clean water pumps could this fortune build in poor countries?
I see there’s plenty of room for my Grey Poupon but no room for my chauffeur and where are the chef & maid’s quarters? Those meals aren’t going to make themselves and those rooms aren’t going to clean themselves😏
I'm so glad the 0.1% of us will get to enjoy such views and luxury
Cute apartment. Hopefully the next video won't have the pop ups. I liked it better when she used to talk about where to get the best smoked watermelon in NYC instead of million dollar listings
Hmm, I wanna live there, but don't wanna live there.
Beautiful view,.... Yes yes look at this smog, isn't pollution beautiful... 🤣
The price is that high only due to the fact that it is on billionaire street
I live right above this apartment & it's beautiful.
Really?
Is your apartment also valued above 20 mil or just this one
Doesn’t this building have a problem with glass falling off it?
Nice, but residents don't have the stimulating fear of impending collapse like those of San Francisco's leaning Millennium Tower.
what are the maintenance fees like?
That's what I was wondering along with taxes and HOA.
that curved glass for my china service sold it for me.
All that money for the view yet because of the height and the weather all they’ll see is fog
Darn!! There goes my retirement. Can't afford it.
No matter how expensive the light settings are, they are worse than sunlights.
Now let’s see what it’s like with the agent dubbed with a strong New York accent or Deep South accent
I love this idea!
Imagine forgetting something in your car lmao
Could you imagine being the realtor getting a commission from selling an apartment like that.
So like do they still pay rent?
Tempted to buy this place. Can anyone spare me a tenner?
No tenners for that
No balcony? Many luxury homes of this kind have an outdoor area to enjoy the city view. But I've heard that many of these apartments are bought as investment and not to be lived in.
Good lord, being that rich must be mind blowing