Anisa Productions, which makes the show hosted by Tyra Banks, rented the loft at 39 Lispenard St., promising landlord Michael Marvisi that any damage would be minor.
Instead, the newspaper reports the crew "punched hundreds of holes in the ceiling to hang lighting equipment," while ruining the Brazilian wood floors, forcing the owner to tear them up and install new flooring when the women moved out three weeks ago.
"These girls not only destroyed the floors, it appears they had food fights. There's ketchup and coffee splattered all over the landlord's $20,000 white drapes. There's lipstick on the walls," said the insider. "They moved in furniture and made holes all along the walls."
Other damages the contestants are accused on including a $15,000 chandelier that's beyond repair and a ruined bathroom as a result of water being constantly splashed around.
"A plumber had to come fix the toilet and the water caused $90,000 worth of damage to the electrical store on the first floor," said a source.
America's Next Top Model also "skipped out on" a $1,500 electric bill, claimed the insider, who estimated the damage totals $500,000.
We're guessing Banks does a talk show about the ordeal, painting herself as the victim.