New York | Midtown Central

2 East 55th Street 1109

SPECIFICATIONS
Price
$2,250,000
Stories
20
Appx. SqFt
909
Rooms
2
Bedrooms
1
Bathrooms
2
Annual Taxes
$33,648
LOCATION
Fifth Ave. & Madison Ave.
KEY FEATURES

LISTING INCLUDES UNITS 1109 & 1111 Rare opportunity to be one of only five private full time condominium owners at the St. Regis New York. For only the second time in 13 years, a privately owned suite has become available at the St. Regis, New York's historic, Forbes five-star luxury hotel. Situated on the 11th floor, units 1109 and 1111 are the only two studios to change hands since the initial offering in 2006 when ten studios were originally sold and converted into five private units. Prior to 2006, one of the last residents to have lived at the St. Regis New York was Salvador Dali. This is the third largest of the five units and contains two studios that have been beautifully renovated into a gracious suite with a total of 909 square feet. The suite encompasses two rooms; a spacious and luxurious living room, two wet bars, a large bedroom and two full baths. While the two studios have recently been combined by the current owner, they are also self contained units with separate entrances with only a door that divides the two spaces. A new owner can purchase the suite and use it as such or keep one and rent out the other or rent out both studios separately. The suite can easily be converted back into two studios offering a buyer tremendous flexibility and options in ownership. Should a new owner choose to rent out the suite or rent each studio separately, there is little oversight or formal approval process required as long as there is a minimum of a one week rental term at any given time. With regard to renovations, an owner has the freedom to customize without restriction. Ownership at the St. Regis involves a level of personalized service that goes above and beyond what frequent guests experience and includes customized meals, access to the athletic club, 24 hour private butler service, many of whom are lifetime professionals, valet and maid service as well as discounts to all restaurants. A private manager creates a professional quality personalized newsletter for the owners as well, all five of them and also arrange private events suited specifically for their personalities, from cooking classes with a world-class chef to a day at the race track with a Lamborghini. Opportunity exists to purchase the studio units separately. Please call for further details.

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