Total Est. Monthly Carrying Cost:
$48,095 ($13.55/ft2)
Note: the above is based on a down payment of 20% ($1,500,000),
which is the minimum amount permitted by the building.
Description
The opportunity of a lifetime awaits a savvy buyer. This home was purchased in 2014 for north of $8 million before undergoing a nearly $3 million renovation. The home features incredible custom designer finishes throughout.
There is a gorgeous corner living room with a fireplace, a separate library, formal dining room, and separate kitchen.
There are 4 bedrooms, 3.5 baths, a laundry room, and a primary suite that dreams are made of. The renovation combined a second bedroom into the primary suite with a closet that will bring tears to your eyes, and a bathroom unlike anything you’ve seen before featuring a 66 backlit piece of onyx.
Due to a tragic flood recently, this apartment is being offered as-is at a substantial discount. Most of the apartment is completely fine. The kitchen, bathrooms, and most of the floors are fine.
Two of the secondary bedrooms require full renovation and the private roof terrace also requires repairs. The total cost to fully rehabilitate the property is about $700k. For a total investment of $8.2 million, you will own a home worth well north of $10 million.
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