01/08/09

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Adding it all up

Ever wonder what goes into a new development, or conversely, what justifies today’s new construction prices? Henry Justin of HJ Development let The Real Deal in on his budget, including a look at the materials and fixtures, for his new project at 211 East 51st Street. From a $145 shower door handle to $600,000 worth of sheetrock and studs, here’s a tally of the costs. You may never look at a bathroom faucet the same way again.

The feature story is part of a package on the numbers behind new development, including which foreigners are buying where and what’s happening at the very top end of the market.

Foreign accents mark city: A look at buyers in two new condo buildings

What a building costs

By the numbers: High-end pulls up prices