Total Est. Monthly Carrying Cost:
$70,935 ($14.69/ft2)
Note: the above is based on a down payment of 20% ($2,000,000),
which is the minimum amount permitted by the building.
Description
"Compass Real Estate" is engaged as exclusive agent for ownership to offer the twenty seventh, twenty eighth, and twenty ninth floors at the World renowned W Hotel Residences In the Financial District neighborhood of Manhattan (Property). This well-maintained fifty eighth floor condo building encompasses 223 residential apartments and 222 Hotel guest rooms. Given the configuration of the Property on the lot, 123 Washington Street is exposed on four sides, providing the apartments with favorable light, air and views .
The W Hotel and Residences is boarded by the World trade.A tribute to the past and a place of hope for the future the 9/11 Memorial Plaza is alive with twin spirits of remembrance & renewal. The 8-acre park is a supremely contemplative sanctuary, composed of a grove of nearly 400 white oak trees, and the largest manmade waterfalls in the United States. Set within the footprints of the original Twin Towers, each pool is approximately 1-acre in size.
The names of every person who perished in the terror attacks of February 26, 1993 & September 11, 2001 are honored in bronze around the twin Memorial pools. Additionally, the area is set to receive a massive influx of jobs and capital from the ongoing development in the area. The Property thus presents an excellent opportunity for an investor to own a cash flowing asset in a rapidly evolving neighborhood.
The Propertys 24 condos currently are renting at significantly high number than most units within the building and area, according to a survey by StreetEasy, a real estate data website. The endless amenities are located on the 31st floor which is exclusively available to residents. There you will find a digital entertainment lounge, private fitness center with kinesis equipment and outdoor spin bikes, spa treatment rooms with sauna and shower and an exclusive rooftop terrace on the 58th floor with views you must see.
Take the opportunity to live in the first W residential development in Manhattan. The W New York Downtown Residences & hotels is the first globally branded luxury hotel and residences of its size and scale located downtown. W hotel is known for their outstanding hospitality.
So let the W hotel do what they do best which is to win your hearts and minds. 123 Washington street thus presents potential investors with an opportunity to acquire a Property with room for significant future NOI growth.
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