the boom in pencil skyscrapers

Pencil skyscrapers are the new stars of New York (UNITED STATES). There Steinway Tower is considered the thinnest skyscraper in the world. Barely wider than a tennis court, it rises to 440 meters in height. “As you enter, you look towards the north of Manhattan with the Central axis Park. […] The view really makes you feel like you’re floating in the sky.”assures Greg Pasquarellithe architect of the tower. Each floor is occupied by a single apartment of 440m23 bedrooms and as many bathrooms. To become an owner, you will have to pay between 20 and 25 million euros.

What about “Air rights”

In Manhattan, everything is sold, including the void above the city. This is the principle of “Air rights”air rights. Above a certain height, a building must get along with its neighbors. Those who have not occupied all of the space allocated to them can resell their right. For 40 years, a man had to estimate the price of his air rights. According to him, they are negotiated in the greatest secrecy, up to 6,000 euros per buildable square meter in the air. To make these purchases profitable, it is necessary to create apartments, which sell for even more.