Friday, May 1, 2015

Luxury one bedroom investment at The Harrison 205 W 76 St

Apartment 603 is an elegant, over-sized one bedroom on the 6th floor with quiet, north exposure in the Upper West Side's most desirable building, the Robert A.M Stern-designed, Harrison. 

Price:  $1.65m
Size 826 sf, common charge $994, tax $426
Rent:  $5,000
Annual rental return:  2.6%
Annual appreciation:  10%
Return on investment with 50% downpayment:  21%

This pristine apartment features Large Windows, Climate Control, Open Kitchen, Hardwood Floors, Washer/Dryer and a Walk-in Closet in the bedroom. The exquisite Windowed Kitchen boasts top end appliances from Sub Zero, Viking and Miele. 

The Harrison is a full service, classically inspired masterpiece by star architect Robert A.M. Stern. Amenities include an Entertainment Lounge, Rooftop Deck, Billiards Room, On-Site Parking and an on-site Equinox gym to which the apartment gets two memberships. 

Centrally located in the Upper West Side's most prime location and steps to the 1/2/3 trains, Trader Joe's, Fairway, Museum of Natural History and a diversity of restaurants. 

Note: Apartment currently tenanted but will be delivered vacant. For investor buyers, current tenant expressed interest in staying.

Wei Min Tan
Licensed Associate Real Estate Broker
Castle Avenue Team at Rutenberg
Wei Min on CNN, CNBC, Wall Street Journal

127 E 56 St, 4th Fl, New York, NY 10022, USA
(ph) +1.212.380.6134    (e)

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