New Yorkers used to look for buildings with doormen. Now they want high-speed connections to the Internet.
At least that's the bet of one Manhattan real estate firm that has opened a residential apartment building featuring T-1 direct access to the Internet in all of its 28 units. Situated in the east side of Greenwich Village, the building is the first of its kind, according to Reuters.
Tenants pay higher rents than those in neighboring buildings for the one-bedroom apartments--$1,500 to $1,700--plus fees ranging from $85 to $115 per month for access to a T-1 line, which provides an Internet connection 55 time faster than the fastest modem using regular phone lines, the report stated.
Tenants began moving into the building last month, and 70 percent have opted for the T-1 hookup. Gregory Salgado, sales director for the real estate firm that manages the building, says he has plans for another nine Internet-ready buildings in New York. Salgado predicts that 20,000 to 25,000 New Yorkers will have T-1 lines in their buildings in three years, according to Reuters.