- A luxury building in New York is selling what appears to be the city's most expensive wine cellar.
- 80 Clarkson's biggest wine cellar — a whopping 155 square feet — is priced at $1 million.
- The condo's 105 parking spots are set to hit the market for $750,000 each, a relative bargain.
One million dollars can buy a lot of real estate.
In Miami, you can get a two-bedroom home with a balcony overlooking Biscayne Bay. In Dallas, seven figures can easily purchase a house with over 3,000 square feet.
At 80 Clarkson Street in New York City, though, it'll get you a 155-square-foot room to store your wine — and that's after you've bought one of the condos upstairs, which start at $6.75 million.
80 Clarkson — a two-towered luxury building under construction in Manhattan's West Village set to have a squash court, Pilates center, and spa with hot and cold plunge pools — has revealed pricing for some of its apartments and amenities. The juicy details come from the offering plan, a disclosure document that developers are required to file with the state's attorney general.
The initial pricing for the first 26 units — out of a total of 112 — starts at $6.75 million for a two-bedroom with about 1,900 square feet and goes as high as $63 million for a five-bedroom with almost 7,000 square feet.
The most striking sums, however, are for the amenities: on-site wine cellars and parking spots.
While the cheapest of the 48 wine cellars for sale to homeowners starts at $40,000, the two most expensive units veer into the six figures. The most expensive cellar, with approximately 155 square feet, is listed for $1 million in the offering plan, while the second-most expensive, at 107 square feet, is priced at $750,000.
Other New York City buildings have offered homeowners the option to purchase wine cellars. As of February 2023, 180 East 88th Street on the Upper East Side had a 70-plus-bottle wine locker for $15,000, while 100 Barclay in Tribeca had 54 lockers that could hold about more than 100 bottles for $20,000, according to the New York Times.
Jonathan Miller — the cofounder of real-estate appraisal firm Miller Samuel who has analyzed New York City listing and sales data since the 1980s— told Business Insider that 80 Clarkson's wine cellar is the most expensive that he can recall.
Real-estate developers try to get more bang for their buck by making every square inch of the building available to buy, Miller added.
"Over the 15 or 20 years, there has been much more emphasis on monetizing every square inch of a building," he said. "The developer only has one chance, so any unused space is marketed."
The developers of 80 Clarkson are Zeckendorf Development and Atlas Capital Group with the Baupost Group. According to pro-development real-estate site New York YiIMBY, 80 Clarkson will cost $1.25 billion to build.
The parking spots at 80 Clarkson, while expensive, aren't record-setting. The building's 105 spots are going for $750,000 apiece. Around 2015, the priciest parking spaces in New York City were approaching $1 million.
80 Clarkson is currently on track for completion in December 2026.
