Manhattan Real Estate Agent: Luxury one bedroom investment at The Harrison 205 W 76 St

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.