Total Est. Monthly Carrying Cost:
$17,410 ($6.14/ft2)
Note: the above is based on a down payment of 20% ($600,000),
which is the minimum amount permitted by the building.
Description
Delivered vacant or with a $15,000 per month rental, this lavish five-bed, three-bath penthouse enjoys more than 3,500 sq. ft. of interior and exclusive outdoor space over three floors. With a 421-a tax abatement until 2033, its monthly carrying costs are among the lowest available in Manhattan at just $1,491.
The home is an oasis of tiered private outdoor spaces exclusive to this residence. With unobstructed views spanning to Midtown, the expansive roof deck offers a wood-burning fireplace, natural gas outdoor grill, and a separate smoker.
From the great room and the primary bedroom French doors open onto private south-facing balconies.
The Penthouse at 265 West 122nd Street is a distinctive and rare home, offering five bedrooms and three bathrooms with private, keyed elevator access.
The elevator opens onto the 6th floor, where you are greeted by the loft-like great room which is flooded with natural light from the wall-to-wall windows and skylight and offers formal dining for up to 20 guests.
Designed with the home chef in mind, the kitchen is equipped with professional-level stainless steel appliances from Subzero, Wolf, and Miele, including a 48-inch refrigerator and freezer and a 48-inch, six-burner, dual-fuel range with a vented hood. Sprawling over 20 feet long, the countertops and breakfast bar are adorned with Cardozo stone countertops. The pantry and cabinetry are designed by the Italian custom cabinetry company, Pedini.
At the top of the architectural metal and glass staircase, adjacent to the roof deck, is a sun-flooded double exposure haven, ideal for additional entertaining or an exceptional home office.
The primary suite has a king-size bedroom, an integrated walk-through closet, and a south-facing balcony.
Beyond the sliding glass wall, you will find an en-suite bathroom that is a spa experience unto itself, with a deep soaking tub equipped with air jets and a large glass-enclosed shower with natural black river rock stone.
There are three queen-sized bedrooms and two additional four-fixture full baths with Neptune soaking tubs.
The in-residence laundry center includes a full-size washer and vented gas dryer.
Additional storage at no charge is included in the unit’s private storage rooms located in the basement and the private roof deck.
This home is complete with individually remote-controlled heat and air conditioning units and pre-wiring for all of your audio/visual needs.
265 West 122nd Street sits in the heart of South Harlem by the Frederick Douglass Boulevard restaurant row. Enjoy an array of shopping options unique to the area including Lincoln Market, Whole Foods, the Morningside Park Farmers Markets, and the soon-to-come Trader Joe’s, as well as a bevy of retail and artisan stores.
Transportation is plentiful and accessible for the commuter and the traveler with the ABCD and 2/3 express subways at 125th St., multiple bus lines, including the M60 select bus service to LaGuardia Airport, the 125th St. Metro-North Station, CitiBike, Revel mopeds, and the many nearby bridges for traveling outside of Manhattan.
Showings seven days a week, at s, and by appointment.
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Please consult with your financial advisor regarding the potential cap rate.
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