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When completed, the Union Carbide Building had a gross floor area of 1.5 × 10 ^ 6 sq ft (140,000 m 2), though the rentable floor area was only 1.16 × 10 ^ 6 sq ft (108,000 m 2). [4] Each floor of the tower on Park Avenue covered 17,500 sq ft (1,630 m 2 ), while each floor in the Madison Avenue annex covered 37,500 sq ft (3,480 m 2 ).
The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
270 Park Avenue, also known as the JPMorgan Chase Building, is a supertall skyscraper under construction on the East Side of the Midtown neighborhood of Manhattan in New York City. Designed by the firm of Foster + Partners, the skyscraper is expected to rise 1,388 feet (423 m) when completed in 2025. Photograph of immediate past building.
The Executive Council will be asked at its business meeting Wednesday to approve a retroactive $381,000 increase to the job, which will bring the total demolition cost to $1.34 million.
One Liberty Plaza contained 37,000 square feet (3,400 m 2) per floor, compared with the 4,200 square feet (390 m 2) per floor in the Singer Building's tower. [8] One Liberty Plaza had at least twice the two former buildings' combined interior area. [175] At the time of the Singer Building's demolition, it was the tallest building ever to be ...
In October 2007, the New York City Department of Buildings issued demolition permits for the site; at the time, the demolition cost was estimated at $6 million, or roughly $15 per square foot ($160/m 2). [55] During the financial crisis of 2007–2008, Macklowe defaulted on the Deutsche Bank loan which was due in November 2007. [56]
With a more modern building, the revenue could be boosted to more than $100 per square foot. [14] The 1961 zoning was a major obstacle for its redevelopment. If L&L would have demolished the building, it could only construct a building with the maximum of 580,000 sq ft (54,000 m 2 ) instead of the original 670,000 sq ft (62,000 m 2 ). [ 15 ]
The Upper East Side maintains the highest pricing per square foot in the United States. A 2002 report cited the average cost per square meter as $8,856; however, that price has noticed a substantial jump, increasing to almost as much as $11,200 per square meter as of 2006. There are some buildings which cost about $125 per square foot (~$1345 ...
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