Note: the above is based on a down payment of 20% ($85,000),
which is the minimum amount permitted by the building.
Description
Sponsor Unit, no board approval required, investor friendly one bedroom at The Manor. This apartment has been entirely gut renovated. The windowed kitchen contains a full sized stainless steel refrigerator, oven, microwave & small dishwasher.
Both the living room & bedroom are spacious, with room for a full set of furniture. The renovated bathroom is ensuite. Maintenance includes utilities; cats are allowed.
Part of Midtown Easts highly desirable Tudor City complex, this 10-story building on East 43rd Street features a soaring Gothic Revival design with intricate details throughout.
The grand lobby features restored details from the building’s original 1929 design, including a graceful stone tile floor, stained glass panels and arched entryways, and is furnished with exotic rugs and oil paintings. A one-of-a-kind roof deck serves as a gorgeous urban retreat, offering panoramic views of the United Nations, Tudor City Park, and the East River. The building provides a 24-hour doorman, fitness center, bicycle storage and laundry facility.
333 East 43rd street is an elite corner of Murray Hill, with multiple leafy green parks adjacent to the property, Grand Central Station less than three blocks away, and all the conveniences of Midtown Manhattan steps from the apartment.
For Investors:
Asking Price $425,000.00
Monthly Common Charges $1,690.38
Projected Monthly Rent $2,800.00
Gross Annual Rental Income $33,600.00
Net Annual Operating Income $13,315.44
Gross Annual Cap Rate 7.91%
Net Annual Cap Rate 3.13%
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