$950,000

Investor Ownership is permitted here. This apt would likely procure $7,000 on the open rental market now. Possibly $8,000. On a cash purchase basis, you would earn over 6.3% on your money a year with a net dividend of approximately $60,000 per year. This is based on the conservative figure of $7,000.00 There are no sublet surcharges or term limits. The only strict rules is no short terms, Airbnb or guest-housing. One year min lease terms!

If you are yearning for that rare brilliant & bright prewar space to enjoy and/or to stimulate your creative mind, look no further then Apartment #83 @ the Swanannoa. Artist's & creative types looking for inspiration will be surrounded by it with this beautiful one bedroom/two bath rarity originally set up as a 2 bed/2 bath and easily convertible back to a 2 bed/2 bath. This sundrenched & quiet flat has windowed kitchen & 2 windowed baths not to mention 10 windows and three exposures including Southern, Eastern & Northern.

Investor Ownership is permitted here. This apt would likely procure $7,000 on the open rental market now. Possibly $8,000.

Here is your opportunity to connect with a classic prewar building that takes you back to the times of horse & buggy in Manhattan. It puts you squarely in the center of town with a prime Union Square Park location.

The Swannanoa is a 10-story Neo-Renaissance apartment building designed by Gilbert Schellinger who was a renowned and prolific designer of residential buildings back in the late 1800's and 1900's.

Some of the extensive highlights:

Views/Exposures: Lots of sky with three exposures including Southern, Eastern & Northern.
Kitchen: Windowed EIK with granite countertops and a subzero Fridge.

Baths: Windowed two full baths/spa style with Slate & Limestone

Floors: Limestone throughout.

Ceiling Height: 8 feet/7 inches. This was dropped from nine feet/6 inches to accommodate recessed lighting throughout this flat.

BEFORE you contact the broker for questions or access, please note the following:

***Parents buying with children, gifting and pied-a-terre's are permitted.
Investor purchase is permitted.
***The building is pet friendly for owners.
***Down Payment requirement is 20%.

Location-You are most likely aware that you are in the Heart of the prime downtown area. Union Square affords you the prime downtown vibe with great access to Union Square Park with its multiple mass transit options incl N,R,Q,4,5,6 & L Train. Not to mention Iconic downtown originals icons like Forbidden Planet, The Strand Bookstore & Paragon Sporting Goods. Other prolific retail like Trader Joe's, Whole Foods, Barnes & Noble & Zumiez. If you are looking for reasonable & tasty local eateries, you have the Iconic Joe's Pizza on 14th/3rd, Dos Toros on 4th/13th & Newsbar @ 12th/University Place just to name a few of my faves.

Building Amenities: Gorgeous prewar elevator building with resident superintendent, modern laundry room, Cyberdoorman remote security service and two modern passenger elevators along with its classic Lobby & architecturally designed front doors.

The Swannanoa is a 10-story Neo-Renaissance apartment building designed by a prolific designer of residential buildings whose name is generally associated with single-family row houses. The building was originally planned with 40 apartments, four on each floor. Its most imposing feature is the two-story base with granite pilasters and projecting portico supported by four granite columns. Above the portico are seven-story rounded bays, undoubtedly designed to provide residents with views toward nearby Union Square. The brick-faced upper floors are extensively ornamented with Terra- Cotta, including foliate detail, Cartouches, Lion heads, and Dolphins. Designed by Renowned Architect: Gilbert A. Schellinger 1898-1900.