Luxury Hassle-Free Investment Opportunity/Second Home with Skyline Views!! This fully furnished studio condo/hotel unit offers the ideal mix between personal use and an investments, as the hotel rents and manages the unit entirely, and the unit owner has the option to utilize it for 120 days per year. When you are not using the unit, this unit can generate income, which is a perfect way to take advantage of all that New York has to offer with a pied-a-terre that helps pay for itself. You also receive a detailed statement every quarter showing the number of nights your unit was rented, the rate at which the unit was rented, and the breakdown of fees deducted from the nightly rental income. This luxurious 41st-floor unit has one of the most unique studio layouts in the building showcasing corner South and East exposures of the Manhattan skyline. This generous studio floor-plan offers floor-to-ceiling windows and is elegantly furnished with a luxurious king-sized bed, with leather headboard. The windowed Bathroom is wrapped in Italian marble, has a custom vanity, glass-enclosed shower and beautiful soaking tub with unobstructed views. The open kitchenette is equipped with Sub-Zero refrigerator, wine cooler, full-service breakfast bar, custom cabinetry with ebony doors. Additionally, the unit features state-of-the-art Control 4 technology which allows one-touch controls for blinds, temperature and lighting, and also included in the entertainment package is a 42-inch HD flat-screen television, DVD/CD player and sound system, and high-speed Internet connectivity. The Dominick offers incredible suite of amenities including world-class dining, outdoor swimming pool lounge, indoor/outdoor relaxation lounges, Signature Spa with Turkish hammam, state-of-the-art fitness center with Mirror Workouts, Peloton bikes and Techno Gym, and 24-hour concierge. Designed by the Rockwell Group the lobby features The Library, a mezzanine seating area over-looking the lobby, conference and business center, and a top floor venue for private events. A landscaped Urban Plaza adjacent to the hotel extends from Spring Street to Dominick Street, with decorative lighting and spacious seating areas. Revenue and expense statements for this unit are available upon request. Advance notice to show. Showings by appointment only. Reach out today!
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$700,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $900 | $900 | $900 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,722 | $4,802 |
Total Monthly Payment | $4,718 | $4,714 | $5,794 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.