Total Est. Monthly Carrying Cost:
$8,917 ($19.55/ft2)
Note: the above is based on a down payment of 10% ($83,300),
which is the minimum amount permitted by the building.
Description
Owning a hotel suite at 1 Central Park West gives you the luxury of a 5-Star hotel with the convenience of condominium apartment ownership with excellent occupancy and monetary returns . This 5th floor, 456 square foot (42.36 square meters) studio unit has a king size bed and a pull out sofa bed, 1 bathroom, and owner’s closet. The unit offers angled views of Central Park and the City, plus kitchen for convenience and central air conditioning.
The hotel has 24 hour room service from celebrated Jean Georges, a 6,000 square foot fitness center and spa center, 55 foot lap pool, business center with private conference rooms. When staying in Manhattan for business or pleasure there is quite simply nothing better than being in Columbus Circle at the heart of the city. As an owner you can utilize your unit for up to 179 days a year.
This condominium hotel suite is managed and operated as a hotel suite, so, when you are not there it generates substantial income. This is an excellent way to own a piece of Manhattan real estate with the added bonus of a return on your investment.
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