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Each unit ranges in cost from $4 million to $32.5 million. [5] Drivers ride up the elevator in their cars and are placed into their own "garage" adjacent to their unit. [6] The tower has three elevators to take cars to their units and estimated to cost about $560 million to build. [7]
432 Park Avenue is a residential skyscraper at 57th Street and Park Avenue in Midtown Manhattan in New York City, United States.The 1,396-foot-tall (425.5 m) tower was developed by CIM Group and Harry B. Macklowe and designed by Rafael Viñoly.
Compared to 11 or 14 standard elevators, the double-deck elevators reportedly saved $200,000 in construction costs and made available an additional 40,000 square feet (3,700 m 2), [d] at a time when office space could be rented at an average rate of $3.50 per square foot ($37.7/m 2) per year.
These plans, announced in October 1925, called for a 14-story structure, comprising 11 stories of offices and a 3-story clock tower on top. [ 35 ] [ 23 ] When the plans were announced, The New York Times said that the building would be erected on a 60-by-100-foot (18 by 30 m) lot, [ 22 ] [ 35 ] while the Brooklyn Daily Eagle said the lot was 50 ...
Machine-room-less elevators have been available commercially since the mid-1990s, however cost and overall size prevented their adoption to the residential elevator market until around 2010. [83] Also, residential elevators are smaller than commercial elevators. The smallest passenger elevator is pneumatic, and it allows for only 1 person. [84]
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