Premier Investment Opportunity: 2 Full Floors at W Downtown Residences
For Sale: 16 Luxury Apartments (2 Floors Package - 8 Studio apts and 8 1bed apts)
ASKING: $15 Million
Downtown Financial District (PRIME PRIME LOCATION) - W Residences at 123 Washington Street
Property Overview:
Seize a rare opportunity to acquire 16 premium apartments across floors 28 and 29 of the iconic W Downtown Residences. With an option to add a third floor, expanding the offering to 24 units, this package is perfect for 1031 exchanges, income-generating assets, or multi-family asset alternatives. Units are available for individual sale and/or rental (30 days minimum).
Unmatched Luxury in a Prime Location:
Located in the heart of Downtown Manhattan, the W New York Downtown Residences rises 57 stories, offering unparalleled luxury living.
Amenities:
Fitness & Recreation: State-of-the-art gym, residents' lounge, media room, private rooftop terrace with stunning city views.
Resident Services: Full-time doorman, live-in superintendent, on-site laundry.
Outdoor Spaces: Common outdoor area and rooftop deck.
Design & Architecture: Modern interiors by Graft Studio, featuring Italian lacquer cabinetry, Corian countertops, Miele & Sub-Zero appliances, hardwood floors, and expansive windows with iconic skyline views.
Parking: On-site parking available.
Prime Location:
Situated next to the World Trade Center Memorial, residents enjoy immediate access to green spaces, shops, cultural venues, and nightlife. Major subway lines nearby ensure effortless travel across NYC and beyond.
Exclusive Benefits:
Rooftop terrace with panoramic 360-degree views.
Amenity floor with a digital lounge, billiards, and caf .
Fitness center with advanced equipment and outdoor spin bikes.
Spa services with treatment rooms, sauna, and showers.
Investment Potential:
With proximity to high-end shopping and dining at Eataly, Whole Foods, the Oculus, and Brookfield Place, these residences present a prime investment opportunity. Financing is available on request, making this an attractive option for part-time residents or income-seeking investors.
Experience Luxury Redefined:
Discover modern elegance and unrivaled service at the W Downtown Residences-a prestigious address offering a lifestyle of sophistication and breathtaking Manhattan views.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$15,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $12,000,000 | $12,000,000 | $12,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.648% | 6.472% | 6.032% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $69,079 | $74,864 | $100,454 |
Total Monthly Payment | $69,204 | $74,989 | $100,579 |
* 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.