Total Est. Monthly Carrying Cost:
$8,784 ($6.19/ft2)
Note: the above is based on a down payment of 50% ($650,000),
which is the minimum amount permitted by the building.
Description
12A is an impressive, renovated 1,400 sqft two-bedroom, two-bathroom apartment with approximately 10’ ceilings. This light-filled home is in the full-service Ritz Tower on 57th and Park, an oasis in a AAA location. The Ritz Tower offers hotel-like services to all residents with just over 40 in staff, more details about the services are below.
The 15’ wide living room and master bedroom overlook Park Avenue. The entertaining rooms have beautiful custom millwork and detailed moldings. There is ample closet space within the apartment and a washer and dryer to boot.
There is thru-wall AC in each room. The sleek modern kitchen has been well-conceived. The master bedroom faces Park Avenue and has a large walk-in closet. There is also a renovated marble master bath with a double vanity.
The handsomely appointed second bedroom is pin-drop quiet and allows for excellent storage. It too has an en suite renovated bath. There is a 3% flip tax to be paid by the purchaser. 50% financing. Showings permitted Monday through Friday from 9AM - 430PM.
Building:
-Purchase in LLC, trust, foreign entity allowed (50% financing)
-Pied-a-terre permitted
-Built in 1925 by Emery Roth and Thomas Hastings (formerly of Carrere and Hastings)
-41 stories tall, approximately 100 units
-Approx. 43 in staff
-Hotel Services (room service, housekeeping, concierge, valet, dry cleaning)
-Room Service: available 5 days a week for lunch and dinner
-Building is self-managed with an onsite manager.
-24-hour engineering department (onsite)
-Laundry Room
-Fitness Center
-Party Room
-Verizon Fios and TWC Spectrum
-Storage is available by waitlist
Apartment:
-Washer/Dryer in the apartment
-Thru-wall AC in each room
-Renovated Bathrooms
-Renovated Kitchen
-Flip Tax: 3% paid by purchaser
-Maintenance is $4,473
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