INVESTORS ONLY. RENTED through August 2018 with the option to renew for a second year. Potential cap rate 2.5% at current price with current rental income. Introducing Residence 12A at One Madison Condominium; a premier address in Manhattan?s Flatiron neighborhood. Steps from Madison Square Park, Union Square, Gramercy Park and the city?s finest dining and entertainment.This 1328 square foot two-bedroom, two-bathroom spans the entire West side of the twelfth floor which is shared by only one neighbor, offering a true boutique, luxury living experience. Enjoy expansive Madison Square Park and Iconic New York City views to the North and West from a 26? living/dining room or while cooking in the chef?s kitchen complete with top of the line Gaggenau appliances, sleek custom cabinetry and Calacatta marble counters and backsplash.The spacious master bedroom also features sweeping Northern park and city views as well as custom closets. The master bath is ensuite with a separate shower, deep soaking tub and double vanity. The full bath is windowed with Western exposure, adorned in marble and doubles as a powder room for guests. The second bedroom faces South and West. The highly functional, split-bedroom layout maximizes privacy. Other features include 10? ceilings, nine inch, white oak floors and an in home washer-dryer.One Madison Residents have access to the elite One Club, which is perched on two levels overlooking Madison Square Park. Amenities include a lounge, screening room, dining room, parlor and butler-staffed kitchen as well as fitness center, spa, yoga facilities, steam room and children?s playroom. The sleek lobby includes a full time concierge and is managed by the highly acclaimed Related Companies, known for their best in class staff and service, security and discretion. All elevators are key fob operated.Tax abatement through 2021.