Description

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.
View More

Building Features 9 Floors106 Units

elevator
full time doorman
bike room
courtyard
garage
gym
lounge
laundry
parking
pet friendly
playroom
roofdeck
storage
View all 13 building features

Unit Features

washerdryer

$----

Studio / 1 Bath - / 539 ft²

Total Monthly expenses: $1,639

Maintenance: $1,013 / R.E. Taxes $626

Exclusively listed with: Douglas Elliman Real Estate

Karan Chopra

karan.chopra@elliman.com

(917) 513-5877

Listing Courtesy of Douglas Elliman Real Estate View Listing

Unit listing history

Date Status Amount Listed by Owner Name
Loading History...

Similar Listings for Sale

88 GREENWICH ST - Unit 1027

Financial District / CONDO

$795,000

On market for $795,000

0% from ask / 552 days on market

Monthly Expenses: $1,774

Studio - 1 bath / 618 ft²

88 GREENWICH ST - Unit 412

Financial District / CONDO

$569,000

On market for $569,000

-1.04% from ask / 355 days on market

Monthly Expenses: $1,366

Studio - 1 bath / 518 ft²

20 W ST - Unit 15A

Financial District / CONDO

$579,000

On market for $579,000

-3.34% from ask / 652 days on market

Monthly Expenses: $1,254

Studio - 1 bath / 457 ft²

88 GREENWICH ST - Unit 1213

Financial District / CONDO

$635,000

On market for $635,000

-6.62% from ask / 239 days on market

Monthly Expenses: $1,820

Studio - 1 bath / 620 ft²

88 GREENWICH ST - Unit 827

Financial District / CONDO

$650,000

On market for $650,000

0% from ask / 13 days on market

Monthly Expenses: $1,407

Studio - 1 bath / 532 ft²

90 WILLIAM ST - Unit 9E

Financial District / CONDO

$749,995

On market for $749,995

0% from ask / 55 days on market

Monthly Expenses: $0

Studio - 1 bath / 640 ft²

59 JOHN ST - Unit 3G

Financial District / CONDO

$565,000

On market for $565,000

0% from ask / 51 days on market

Monthly Expenses: $0

Studio - 1 bath / 507 ft²

88 GREENWICH ST - Unit 1709

Financial District / CONDO

$589,000

On market for $589,000

0% from ask / 43 days on market

Monthly Expenses: $0

Studio - 1 bath / 511 ft²

75 WALL ST - Unit 20H

Financial District / CONDO

$672,450

On market for $672,450

9.8% above ask / 553 days on market

Monthly Expenses: $1,333

Studio - 1 bath / 452 ft²

20 W ST - Unit 14B

Financial District / CONDO

$569,000

On market for $569,000

1.79% above ask / 248 days on market

Monthly Expenses: $1,434

Studio - 1 bath / 436 ft²