Total Est. Monthly Carrying Cost:
$5,261 ($8.09/ft2)
Note: the above is based on a down payment of 20% ($160,000),
which is the minimum amount permitted by the building.
Description
INVESTOR FRIENDLY -- NO SUBLET RESTRICTIONS -- HIGH CAP RATE!
Welcome to your one-of-a-kind palatial apartment, located on the renowned 14th Street that borders Gramercy in the East Village of New York City. This stunning turn-key smart home is the product of a meticulous gut renovation where every detail has been carefully considered to create an oasis of luxury and comfort. The centerpiece of the home is the brand-new kitchen that connects the living room and bedroom.
It features a Samsung stove/oven, a farm sink with a top-of-the-line mixer, cabinets with accent LED lights both underneath and inside, a wine cooler, a built-in microwave, a Fischer Paykel refrigerator, Sone counters, and a glass backsplash. An iPad is also recessed in the kitchen wall, serving as another control point for the home.
The bedroom is a true masterpiece with exquisite hers/his custom closet systems with LED lighting, a Swarovski light fixture, LED accent lighting, and a brand-new custom/solid fire-rated door that features rubber gaskets on all four sides to make it soundproof (the front door is also a custom/solid fire-rated door for sound control). The living room boasts LED accent lighting, while the entrance features a beautiful leaded glass fixture, and the kitchen is equipped with recessed LED lighting.
The family heirloom fixture in the dining room and the living room fixture/silk drapery will NOT be traded with the apartment. The bathroom has undergone a complete gut renovation with new plumbing and walls. It took 6 months and $10,000 just to import the Morano glass tiles from Italy that adorn the walls.
The shower stall has a special linear drain, frameless clear glass, and is treated to prevent water spots. Additionally, the floors are heated, and the shower/sink fixtures have hand/spray heads of the highest quality.
Additional apartment features include.. - All interior doors are custom made panel doors, solid wood full height and weight about 175 pounds each. - New double thermopane windows for noise control (virtually silent) - 3 Panasonic Whisper exhaust fans in the kitchen and two in the bathroom that all ventilate to the outside of the apartment - 3-zone Fujitzu mini split inverter HVAC system which can be controlled by individual remotes and your iPad or smartphone anywhere in the world (w/ wifi) - Insulated walls and ceilings New electrical system with new breaker panel, wires and outlets - Mesh wifi system - Alarm (w/ central station) and security camera system - Lutron lighting system that works from iPhone, iPad and wall switches, and allows adjustable lighting scenes for the perfect setting (day, evening, romantic/date night, movie night, and more).
This apartment presents a rare and exceptional opportunity, with low monthly costs, a solid 4+% cap rate, and an unlimited sublet policy. It’s conveniently located near Union Square, Whole Foods, Trader Joes, and renowned restaurants, bars, boutique shops, and nightlife to meet all your entertaining needs.
It’s also in close proximity to major subway lines, including 4, 5, 6, L, N, Q, R, and W.
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