Just as Manhattanites were beginning to embrace their closet-size apartments, a new development on this island is claiming to have the most expansive closet space ever offered in a residential building.
Most of the 29 condo units in the historic Apple Bank Building on the Upper West Side feature “wardrobe rooms” (so big they defy closet-status) that measure a delirious 16 by 18 feet. “The closets at The Apple Bank Building are perfect for the clotheshorse and shoe aficionado,” says a spokesperson.
Not only that, but the residences themselves are also enormous by New York standards, ranging from 1,359 to 4,500 square feet. Word has it that one dining room is nearly 600 square feet. But the extra space will cost ya: One, two, three and four bedroom units are now for sale from $1.85 million to $7.1 million.
Big is back baby. Better start shoe shopping…
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.