3 ms·
> We can't produce them at that price. $100 per month isn't realistic, $500 might be. While construction costs do rise, you are mostly paying for the exclusivi
by njepa 8y ago
> We can't produce them at that price.
$100 per month isn't realistic, $500 might be. While construction costs do rise, you are mostly paying for the exclusivity.
"High-rise apartment buildings cost an average $302 per square foot."
https://therealdeal.com/2018/05/15/surprise-nyc-remains-most-expensive-place-to-build-in-the-world-report/ https://therealdeal.com/2018/05/15/surprise-nyc-remains-most...
- AnimalMuppet 8y agoSo, $151,000 per 600-square-foot apartment. If the loan for the building costs was at 5%, the interest cost is $7500 a year, or $629/month. That's not counting paying back principle, or maintenance. You might be able to do it for $800/month, though.