Total Est. Monthly Carrying Cost:
$14,159 ($14.02/ft2)
Note: the above is based on a down payment of 20% ($280,000),
which is the minimum amount permitted by the building.
Description
This timeless, oversized one bedroom offers you the epitome of luxury in the highly coveted Sherry-Netherland.
At over 1,000 sq feet, this spacious, sun-drenched apartment features open southern and eastern exposures on the eleventh floor. This unit contains two bathrooms that have been updated with marble finishings, as well as a modern kitchen.
Whether you’re winding down or entertaining guests, the massive living room is the perfect place to end your day. The bedroom features extensive closet space and a second bathroom, ensuring maximum privacy.
Residence 1111 is one of very few apartments in the Sherry Netherland Hotel rental pool, allowing you to live in or rent out as you see fit. This arrangement allows the owner to use the unit 30 days a year while the hotel rents the apartment for the remaining days offering a great cash flow benefit to the asset.
However, the program is optional should you choose to keep this fabulous apartment to yourself.
On the corner of Fifth and 59th at the entrance of Central Park, and steps away from both Madison Avenue and Fifth Avenue shopping, the location can’t be beaten. At the Sherry Netherland you will have exclusive access to five-star hotel services including 24-hour concierge service and doorman, attended elevators, housekeeping and turndown service, and room service from Harry Cipriani restaurant. Also included in the maintenance are heat, gas and real estate taxes.
Additional perks include a fitness center, beauty salon, barbershop, valet parking with full-time white-glove service.
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