Manhattan water view condo next to World Trade Center
Posted by Wei Min Tan on August 5, 2019
Value Buy Condo Strategy: Value buy for investors wanting to take over a lease with no vacancy period after the purchase. Apartment has a long term tenant paying $3,875 per month. Located in Financial District, the best value area in Manhattan which will benefit from (i) World Trade Center and Westfield Mall (ii) numerous higher priced luxury condos coming up which will increase neighborhood’s average price (iii) restaurants that will be servicing these new luxury condo residents.
Proximity to World Trade Center is beneficial because the WTC is New York’s largest development project. There are 4 WTC buildings and an upcoming performing arts center. Westfield Mall, below the WTC, is the largest mall in Manhattan.
Condo Description: 88 Greenwich #3504 is a 35th floor South facing apartment with New York Harbor water views in FiDi’s best Full Service luxury building.
Price: $1,195,000 ($1,574 per sqft)
Size: 759 sqft
Common charges: $1,192
Building type: Pre War, converted to condo in 2006. Freehold.
Neighborhood: Manhattan’s Financial District
Full of sunlight, apartment features High Ceilings, Hardwood Floors, Luxury Bathroom and High End Kitchen with appliances by Subzero, Viking, Fisher Paykel.
Building amenities include a 24th floor Sky Lounge, Fitness Center, Library with a grand piano, and superb Staff. Close to World Trade Center, subways 1/R/4/5/J/Z/E.
Exclusively listed by Wei Min Tan, R New York
Library with grand piano
What We Do
We focus on global investors buying Manhattan condos for portfolio diversification and long term return-on-investment.
1) Identify the right buy based on objectives
2) Manage the buy process
3) Rent out the property
4) Manage tenants
5) Market the property at the eventual sale
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