With interior design by New York-based architect, designer and artist Thierry Despont, Residence 16E is a 1,241 SF (115.3 SM) south-facing one bedroom featuring high ceilings, gracious proportions and the rich attention to detail of a bespoke privately commissioned home. Interior features include 4 wide plank solid American oak floors, fully customized kitchens and baths, and elegantly crafted furniture-grade 9' tall walnut doors with custom designed bronze hardware inspired by the towers distinctive silhouette. Enclosed behind two pocket doors, creating maximum flexibility, the kitchen features polished statuary marble countertops and backlit backsplash with custom back-painted glass cabinetry by Molteni. Kitchen appliances include a Miele low profile cooktop, oven, coffee maker, speed oven, fully-incorporated dishwasher and vented hood, and Sub-Zero refrigerator and wine refrigerator. The master bath is clad in Noir St. Laurent marble and Verona limestone with a custom carved stone vanity with medicine cabinet above. The master bath also features radiant heated floors and Dornbracht fittings and accessories. High above The Museum of Modern Art, a short walk to Fifth Avenue and mere blocks from Central Park, the Jean Nouvel-designed 53 West 53 is an exclusive collection of residences with super-luxury, hotel-like services and amenities. Now welcoming residents.
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