How the Other 1 Percent of 1Percent Lives

Want to call this home? A mere $29 million will get you in, complete with house staff, in Manhattan.


As luxury multifamily housing development goes, call 80 South Street the high, high end.

Last year, the design world buzzed with the conceptual renderings of renowned Spanish architect Santiago Calatrava. His first ever residential project, dotting the Manhattan skyline from a perch over the East River at South and Fletcher Streets, would feature a dozen four-story cubes cantilevered from, and stacked along, an 835-foot vertical axis.

F.J. Sciame Construction hasn’t announced its total building costs for 80 South Street or an exact completion date (word is sometime in 2006 or 2007). But the developer’s sales team is now offering information on amenities and move-in prices for the ten 10,132-square-foot condos on offer.

Each townhouse will feature four-story glass exteriors, affording residents views of the South Street Seaport Historic District, New York Harbor, the Hudson River, the East River, as well as the outlook north to the Empire State Building.

Spaces will include a grand living room with double-height ceilings, up to six bedrooms, six bathrooms, a master suite with master bathroom suite, a formal dining room, a gourmet kitchen and a private interior elevator.

Each condo will feature its own staff, as well as community concierge services.

Prices are, well, high — $29 million to $45 million, depending on the configuration. And property taxes alone start at $18,929 a month, with another $15,528 needed for common charges.

Not surprisingly, the developers are targeting a fairly narrow market.

“You only need between 12 and 24 interested parties in the entire world,” Frank J. Sciame says.