Very rarely a One Bedroom with full Park Views comes to market in the Trump Tower, the E line is considered a rare jewel.
This apartment is over 1,100 sq.ft., size usually found in 2 bedrooms and some of these units have been in fact turned into 2 Bedrooms.
Both rooms, Living room and very spacious Bedroom, have a breathtaking Central Park and uptown skyline views.
Today no new condominium would leave these views to 1 Bedrooms but to very large units, and any new construction building would price this unit at close to $4Million.
This is an opportunity than would never come again.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more