FRACTIONAL OWNERSHIP (not a timeshare) - You will own 1/12 of the St. Regis property, which means that it can be part of your estate. The apartment includes a 1,015 sq. ft. 1 bedroom and a 366 sq. ft. studio to make up a 1,381 sq. ft. suite. The suite has 2 bathrooms. The suite has 10 ft. ceilings, separate living room, butler pantry featuring sub-zero refrigerator and microwave, 32 plasma flat-screen television and DVD player in bedroom, LCD televisions in living room and bathrooms, floor to ceiling French windows, crystal chandeliers, direct-dial phone and fax machine, and high speed internet access. The St. Regis is one of the most glamorous addresses in the world and has a Remede Spa and Fitness center, Salon, twice daily maid service, 24 hour Butler service, doorman, concierge etc. There is a guaranteed week and an additional 21 days in the 2 bedroom (so both fixed and float time). As an owner, you will become a Starwood Platinum member and have a personal concierge to arrange all of your hotel/residence stays and anything else you want!! The reason why the 2 bedrooms are the best deal is that you can either use them as a 2 bedroom or double the number of days by splitting them into a 1 bedroom suite and a studio. The other advantages of the fractional are: 1) You can change nights into Starwood points to stay at any Starwood Hotel in the world; 2) You can exchange 1 week of studio time for a week of 3 bedroom time at the St. Regis in Aspen or the Phoenician in AZ; 3) You can easily sell your nights to cover the annual maintenance fees; and 4) You can own it in a corporate name and take advantage of tax deductions if purchasing the property for business.
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
The Apartment located at 2 East 55th Street 903905X, New York, NY 10022 is currently for sale.
2 East 55th Street 903905X is listed for $685,000.
This property has 2 bedrooms, 2 full bathrooms, and approximately 1,381 square feet.
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