Prestigious 15th floor Rose Junior King Suite in the iconic Plaza Hotel. On target to achieve a 3. 85% projected annual return on investment ROI for 2023 with 73% occupancy. Rental of the suite is managed thru the hotel rental program. Owner can use up to 120 days per year. Faces south on to 58th Street. 730 SqFt (68 m2).
Exquisitely furnished in Louis XV style.
Butler's pantry and wet bar.
Living room with pull out sofa offers option to use as a 2 bedroom.
Sliding doors lead to king sized primary bedroom with huge walk-in closet & separate dressing area.
Over-sized bathroom features deep soaking tub and 24-carat gold plated Sherle Wagner faucets, marble mosaic tile in a leaf-like pattern inspired by Central Park.
Enjoy 5-star hotel and butler service: concierge, 24-hour in-room dining, twice-daily housekeeping,
Guerlain Spa, Plaza Hotel Gym,
The Palm Court, Champagne Bar, and Rose Club with live music, Oak Room, Grand Ballroom, Terrace Room and the Plaza Shops. Valet Parking also available from a separate garage on 58th St. Don't miss this high yield investment opportunity and pied-a-terre right across from Central Park at Manhattan's premier destination, surrounded by glamorous Fifth Avenue shopping, steps from Carnegie Hall, Jazz at Lincoln Center and internationally acclaimed fine dining.
Pets Allowed.
Contact me today for a private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,791 | $7,461 | $10,012 |
Total Monthly Payment | $6,916 | $7,586 | $10,137 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.