3.5% CAP RATE - BEST INVESTMENT IN TOWN UNDER $1M!!!!!Absolutely fabulous, fully-furnished studio at CIPRIANI RESIDENCES. This loft-like, south-facing, studio is awash in light emanating from 5 HUGE WINDOWS. The sumptuous 5 PIECE BATH has a huge soaking tub for two, separate shower stall with a marble sitting rest, and a flat panel TV for your viewing pleasure. The furnishings - from desk to linens - were handpicked from the best that Italian design has to offer. Best of all, this studio can be CONVERTED into a true 1 BEDROOM! All this, plus an outstanding tenant paying $4,000 a month. A two-floor FITNESS CENTER, gorgeous ROOF-DECK with OPEN-AIR SHOWER to sun and refresh during the summer months, and world-renowned Cirpiani Concierge Services at your fingertips complete this phenomenal deal. Shown exclusively by appointment with 24 HOUR NOTICE.