The building known as 100 East 53’rd Street stands behind the hallowed Seagram Building which, at $36 mil. (not inc. tax) was the most expensive building in the world when completed in 1958. This is $300 mil. in today’s money. $36 mil. construction cost ÷ 830,000 sq.ft lettable  area = $43/sq.ft. and is equivalent to $360/sq.ft today even though 2,376 sq.ft recently rented at … Continue reading Moneymaking Machines #5: 100 East 53’rd Street