A luxurious residential project in New York City is set to be showcased to Singapore buyers over the weekend of Jan 11 and 12. Situated in the prestigious Upper West Side neighbourhood of Manhattan, 720 West End Avenue boasts 131 exquisite homes ranging from one to five bedrooms, as well as townhouses, duplexes and penthouses with private terraces. Unit sizes range from approximately 500 sq ft to over 3,700 sq ft, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence.
Originally built in 1927 as the Hotel Marcy, the 17-storey building was designed by renowned New York architect Emery Roth and features a Renaissance Revival-style façade. The developers, Glacier Equities and InterVest Capital Partners, have meticulously restored the intricate architectural details of the building’s façade. They have also added two floors to accommodate the stunning penthouse duplexes, while the interiors have been revamped under the direction of designer Thomas Juul-Hansen.
Aside from its striking aesthetics, 720 West End Avenue also boasts over 30,000 sq ft of top-of-the-line amenities. These include a state-of-the-art fitness centre, a private bar and dining room, a library and co-working spaces, inviting outdoor terraces and courtyards, private parking, and secure bike storage.
Singapore-based property consultancy Savills will be presenting this exclusive development to interested buyers at voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.
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When it comes to purchasing a condo, securing financing is a crucial aspect to consider. Luckily, Singapore offers a variety of mortgage choices to potential investors. However, it is crucial to note the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan an individual can take based on their income and current debt obligations. Being knowledgeable about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making thoughtful decisions about their financing options and prevent them from overextending themselves. To stay updated on the latest condo developments in Singapore, be sure to check out New Condo Launches.