Hotel Condo Pied-A-Terre Investment Opportunity! Unit #3509 is the BEST VALUE OPPORTUNITY for a spacious 1 bedroom suite with separate living area at the Dominick - a Five Diamond Luxury Hotel destination! Just $995,000 for a Fendi Casa Furnished Northwest corner apartment with STUNNING VIEWS. This is the best pied-a-terre and investment opportunity that requires zero of your time to manage. When not using this tremendous home it is managed and rented out on your behalf by the hotel. This ELEGANT hotel unit is a turnkey investment that offers you, friends, family, colleagues, business partners, employees and loved ones visiting NYC the chance to enjoy the best and most unique living experiences NYC has to offer. This corner unit with floor to ceilings windows embraces the best PANORAMIC views to the North and West from sunset on the Hudson River to sunrises on the East River. Enjoy mesmerizing views of the iconic Empire State and Chrysler Buildings and Hudson Yards.The Dominick is a striking and sophisticated modern hotel condominium designed by Handel Architects with interiors by the Rockwell Group. Embellished by custom Fendi Case furnishings, the suite includes a king-size bed, wet bar, state-of-the-art automation technology, and secure closets. The luxurious Italian marble bathroom features a deep soaking tub, glassed walk-in shower, and double vanity. There is a separate living area that can be closed off for privacy and separation of space by a moveable wall. Exceptional design and service promise a hassle free way to own a home and investment in NYC. Owners and guests at The Dominick enjoy access to exceptional amenities: personalized concierge services, a Turkish bath at the 11,000 sq ft spa, fine dining, renowned salon and health club, pool deck, cocktail lounge, library, meeting rooms and event spaces, valet parking, and 24-hour in-room dining service. An owner may occupy the unit for up to 120 days each year, including 29 days in a 36-day period. At all times, the unit is conveniently managed and rented, offering the owner an immediate return on investment
SoHo (South-of- Houston) extends from West Houston to Canal Streets, between Sixth Avenue and the Bowery. Artists began to move into this formerly drab manufacturing area in the early 1970s, taking over abandoned lofts and buildings and turning them into homes and galleries. SoHo has since transformed into a beautiful and trendy neighborhood. Once home to a few cutting edge shops, huge artists’ lofts and low-key bars, SoHo now rivals Madison Avenue as an upscale residential and retail neighborhood. Surrounded by 19th century cast iron architecture, the entire neighborhood is the city’s only landmarked district and is famous for its shops, galleries and some of the city’s best restaurants, including Alison on Dominick Street and Blue Ribbon on Sullivan Street.
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