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55 Wall St. 733, New York, NY 10005

Listing Details:
$625,000 Price
Condo Property Type
Financial District Neighborhood
-- Beds
1 Baths
539 Approx. Sq. Ft.
$1,013 Maint/CC
$626 RET
Key Features:
Allows Pets
Rooftop Access
Unit Laundry

This furnished studio in a 5-star luxury building, Cipriani Residences, is an ideal investment with an established CAP rate of 3% and a tenant in place till March 2019. The apartment is successfully rented year-round to corporate executives and relocation companies on a consistent basis. Since the apartment is furnished and short-term leases are permitted in the building, the resulting CAP rate is higher than most apartments in the historic Financial District.

55 Wall offers white glove world class service and features a fitness center, landscaped rooftop garden, screening room, on-site restaurant, business center, 24-hour doorman, and concierge desk. Other perks include butler service, housekeeping, newspaper delivery, private storage, dry cleaning and laundry, postal and messenger service, and preferential access to Cipriani restaurant.

The oversized marble bathrooms are considered the crown jewel of most studios in 55 Wall. They feature Waterworks fixtures, oversized soaking tub, and a separate glass-enclosed standing shower. The floor to ceiling windows face onto the courtyard, resulting in a quiet and serene living space. The custom chef's kitchen with sleek Miele, Subzero, and Bosch kitchen appliances are nicely complemented by the custom wood cabinets and granite counter tops. There is ample closet space, washer and dryer, and dual solar blackout window shades.

The apartment comes with additional storage located in the basement.

Listing courtesy of Douglas Elliman Real Estate

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