556 Third Avenue, New York, NY 10016
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Previously Listed By  
Oxford Property Group
Office: 646-245-9999
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$2,800,000 List Price
Off Market
3 Beds
2 Baths
2500 Sq. Ft.
Listing ID 10637435
Property Type Condo
Common Charges $2,016
Real Estate Tax $3,199
County New York
Neighborhood Murray Hill
School New York City Schools
High up on the 27th Floor, is an immaculate, sun-drenched Secluded Penthouse, offering the absolute best in Manhattan indoor and outdoor living and entertaining with spectacular unobstructed picturesque open skyline and river views, for as far as the human eye can see with stunning 360 degrees of panoramic Manhattan, Brooklyn and Queens due to it's magnificent Horseshoe layout. It's unquestionably the best views, best light and the biggest Condo in a full service building you'll see at this price.This enormous penthouse has impressive 10+ foot high ceilings with oversized picture windows and breathtaking views from every room or balcony. Yes, there's also two spacious enclosed balconies to be conveniently used all year around. These two balconies are large enough to host large groups for dinners and also sunny enough for your tanning lounge chairs.This pin-dropped silent celebrity style penthouse, comes with a highly secured private code/bio-matic fingerprint key elevator access.Currently reconverted back from Three bedrooms into Two bedrooms and 2.5 baths with a perfect open floor plan for entertaining.Enjoy direct southern light from the windowed eat-in-kitchen equipped with an externally vented Range Hood, Miele stove, oven and convection microwave, SubZero refrigerator, Bosch dishwasher and modern marble countertops. This marvelous kitchen is also conveniently equipped with a Bosch stacked Washer & Dryer and a Powder room that if needed, can easily be restored into an ensuite queen size bedroom with a full bathroom. This home also features a multi-zones controlled keypads for the entire penthouse electric shades with all new 12 engines and remotes installed October 2019!, all the PTAC cool and heat system was renewed, cleaned and checked also October 2019 and there's also a surround sound system that can be connected to your stereo/devices. . There are multiple walk in closets and abundant storage spaces throughout and enough room to add more if desired, plus a huge private storage cage in the building is included with your low monthly charges.If needed, this spacious three bedroom layout can be easily converted back into to a large four bedroom apartment in several layouts. Also increasing the bath count is allowed and can easily be restored back into 3.5 or 4 bathrooms.The luxury full service Aurora Condominium amenities include a recently renovated lobby, 24-hour door staff, concierge, porters, a fitness center, a roof deck and a resident super and is a pet friendly building. This penthouse gives you all of the must-haves for an ideal New York living with comfort, chic and style.**This amazing penthouse is offered as a fantastic investment opportunity with a tenant in place till Sep 30 2020 paying $14,000 per month for the 1st year lease, if renewed rent will increase to $14,350 per month for the 2nd year, ending Sep 30 2021, if renewed rent will be $14,700 per month for the 3rd year ending sep 30 2022. As this well run boutique Condo has low monthly charges of only $1920 and taxes of $3056 totaling monthly cost of under 5k only $4976 per month carrying cost and only $59,712 per year total carrying cost. The asking price of $2.8M makes the guaranteed NET yearly income at $108,288 (3.86% NOI) the 1st year and $112,488 (4.01% NOI) the 2nd year and $116,688 (4.16% NOI) the 3rd year which is a tremendous net income of $337,464 over the course of 3 years on such a relatively small investment of $2,800,000. Surely the highest NOI in Manhattan for Condo residential income producing investments at this price range. If after those rarely available 3/4 years of profitable income producing investment, you will choose to update the Penthouse and increase the bath counts (pipes and sewer are already in place in the entrance closet) and possibly increasing the bedrooms count and then sell this property, you will gain much higher profit and I can gladly execute and manage the entire process for you from A-Z, so you can focus on what you do best. A third investment option is to rent it furnished for short term. This investor friendly Condominium house rules permits short term rentals of 30 days minimum. Luxury furnished apartments at this size are rare and in demand all year around. By renting it as short term you can easily double your monthly rent and receive $20,000-$35,000 per month. Murray Hill Formerly home to the City's affluent during the late 1800s and early 1900s, Murray Hill offers plenty to attract those interested in NYC dining (Kajitsu, Wokuni, Sons of Thunder, aRoqa) and nightlife scenes (Rare View Rooftop, Jazz at Kitano, The Raines Law Room at The William).The neighborhood is also a boon for culture lovers. On these streets, lined with prewar townhouses and Beaux-Arts mansions, you can find the Morgan Library & Museum, gifting the City with an enormous collection of rare books; and the sleek, modernist Scandinavia House, which holds an art gallery and frequent concerts and lectur
Property Details
  • 3 Total Bedrooms
  • 2 Full Baths
  • 2500 Sq. Ft.
  • Available 09/01/2019
  • Penthouse (Apt. Type)
Interior Features
  • Balcony
  • 6 Rooms
  • Walk-in Closet
Exterior Features
  • City View
Community Details
  • High-rise (Bldg. Style)
  • Laundry in Building
  • Gym
  • Attended Lobby
  • Pets Allowed
  • Elevator
  • Rooftop Access
Taxes and Fees
  • $2,016 per month Common Charges
Previously Listed By
Oxford Property Group
Office: 646-245-9999
Request More Information
Listing data is deemed reliable but is NOT guaranteed accurate.
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