This studio is set in a stately prewar doorman building around the corner from UN headquarters. The very convenient location is in the heart of Midtown Manhattan, but set on a tranquil tree-lined street directly across from the privately owned Tudor City Park and Garden. Dating to 1929, this historic Gothic Revival building features an intricately designed faade and a grand lobby with artful stained glass windows and dark wood accents. There is a full-time doorman and on-site amenities include a roof deck with stunning Midtown views, a garden, fitness room access, laundry room, bike room and common storage. The apartments ideal setting is around the corner from the United Nations building, with the Midtown office district and vibrant restaurant scene of First and Second Avenues steps away, and nearby Grand Central Station providing rapid transportation anywhere in New York. Maintenance includes utilities. No dogs allowed.#1709 is a sponsor unit, so no board approval is required. Tenant is currently paying $1,650 on a month to month lease. Current rent investor setup:Gross Annual Income: $19,800.00Annual Operating Expense: $10,224.00 ($852.00 / mo. maint)NOI: $9,576.00Gross annual capitalization rate: 3.04%Projected rent of $1,850.00Gross Annual Income: $22,200.00Annual Operating Expense: $10,224.00 ($852.00 / mo. maint)NOI: $11,976.00Gross annual capitalization rate: 3.8%
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