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The Ultimate Investment Opportunity. Incredibly high Cap Rate with flexibility to use as pied-a-terre when needed and receive an exorbitant rent from the property whenever you are not in town.
A spectacular deal on a 3 bedroom 3 bath condo at the Essex House on Central Park South. The Essex house offers owners un-parralled luxury. Built in 1929 at the peak of Art Deco in NYC the Essex House has stood tall over central park for almost 1 century and has hosted everyone from Royalty to Movie Starts, Musicians and titans of industry and finance.
Unit 1820 is a perfectly designed 3 bed 3 bath home. there is a beautiful open kitchen with top of the line Sub-Zero and Viking appliances that is open to a stunning living and dining area. The entire space is bathed in light through huge south facing windows that open fully. The view has amazing reflections of central park from very room and open sky with the iconic midtown cityscape outside. There are also 2 oversize bedrooms with en-suite baths and huge closets. The third bed is currently used as a den with pocket doors open to living and dining areas. All three baths are beautiful marble and high end fixtures.
Purchasing here will center your NYC life at the heart of Manhattan in one of the most desirable and romantic spots in midtown. Central Park South has access to everything the city has to offer with a quiet elegance located across from the park that is not found elsewhere in the neighborhood.
The Essex House has a huge draw when it became the first condo hotel tower in NYC in 1974. Today you will have all the convenience of hotel living with all the benefits of home ownership. The property has a stunning lobby, gym, spa, lounge, ball rooms, restaurants, 24 hour room service and concierge. One of the most unique features of ownership at the Essex House is the freedom to rent on a short term furnished basis down to 1 month terms and freedom to have any guests stay in the home as you choose during ownership making it perfect for part time New Yorkers who would like the home to optimize its value by being used or rented while they are not in town.