A new residential project in New York is set to be showcased to buyers from Singapore on the weekend of Jan 11 and 12. The development, located in Manhattan’s Upper West Side, is called 720 West End Avenue and it offers a total of 131 residences. These include one- to five-bedroom homes, townhouses, duplexes and penthouses with private terraces. The sizes of the units 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.
The luxury residence is the result of a redevelopment effort of a pre-war building that was designed by renowned New York architect Emery Roth in 1927. Formerly known as the Hotel Marcy, this 17-storey building boasts a Renaissance Revival-style façade. In order to preserve its intricate architectural details, the developers of 720 West End Avenue, Glacier Equities and InterVest Capital Partners, have meticulously restored the façade. Additionally, two floors have been added to the building to accommodate the penthouse duplexes, while the interior has been revamped under the direction of designer Thomas Juul-Hansen.
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When it comes to investing in a condo, securing proper financing is crucial. Fortunately, Singapore offers a variety of mortgage choices to potential investors. However, it is crucial to be well-informed about the Total Debt Servicing Ratio (TDSR) framework that limits the amount of loan a borrower can obtain based on their income level and current debt obligations. By understanding the TDSR and seeking guidance from financial advisors or mortgage brokers, investors can make educated decisions about their financing options and avoid taking on excessive debt.
Apart from the stunning residences, the development also boasts over 30,000 sq ft of amenities. These include a fitness centre, private bar and dining room, library and co-working spaces, outdoor terraces and courtyards, private parking and bike storage. Interested buyers from Singapore will have the opportunity to learn more about this exceptional development at the presentation organized by Savills Singapore on Jan 11 and 12 at the voco Orchard Hotel. The event will also feature a seminar on the New York real estate market, which will take place at 3pm on both days.