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157 West 57th Street
New York, NY 10019
Nicole Gary with Keller Williams NYC, original listing - (212) 301-1140
$8,400,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Welcome to luxury living at its finest. This newly renovated turn key residence is located in the ultra-luxurious One57 condominium. Sitting upon the 5 star Park-Hyatt, 34F, a 3 bedroom, 3.5 bathroom residence offers unparalleled views overlooking Central Park and the breathtaking cityscape of New York City.As you enter through your expansive foyer, you are enveloped by an atmosphere of elegance and sophistication overlooking Central Park. Feel the natural light cascading through your floor-to-ceiling windows, creating a bright and inviting ambiance throughout the residence, enhancing the natural oak flooring. The spacious corner living room features North and East exposures overlooking the lush greenery of Central Park day and night. 34F was recently upgraded with the most high-end finishes including a custom fireplace. No detail was missed in this well thought out renovation. The walls are lined with beautiful designer wall coverings, adding a touch of luxury and warmth to the space. A custom matte black bar was installed with a beautiful custom backsplash and additional storage, perfect for crafting cocktails or making your morning coffee. The state-of-the-art chef?s kitchen was designed for entertaining featuring top-of-the-line Miele appliances, sleek white lacquer handcrafted custom cabinetry by the award-winning Smallbone of Devizes, and an elegant dark granite countertop that adds a touch of sophistication to the space, boasting the modern design aesthetic. Polished chrome hardware throughout the kitchen enhances the sleek and contemporary look. The Subzero wine cooler completes the culinary experience. A state of the art multi zone climate control system offers individual comfort in each room.The corner expansive primary suite is a true sanctuary, offering ample space for a king-size bed and a cozy sitting area where you can unwind and enjoy stunning South and East exposures with city views. It boasts a spacious dressing room with custom built-ins, providing abundant storage space and enhancing the luxurious feeling of home. The ensuite bathroom is custom designed by Thomas Juul Hansenen featuring a soaking tub overlooking central park, a large shower. The sleek contrast of dark wood cabinetry, light marble & onyx throughout are just perfect.The additional two bedrooms feature ensuite bathrooms with large showers, custom glass luxurious finishes such as marble & onyx further enhancing the sophisticated ambiance of the residence.Additional features include a state of the art multi zone climate control system offering individual comfort in each room. 34F is outfitted with Smart Home technology, Lutron motorized blackout shades in all bedrooms, solar shades in the living room, customized closets, and a Miele washer/dryer, ensuring convenience throughout.Located in the prestigious One57 building, designed by Pritzker Prize-winning architect Christian De Portzamparc and developed by Extell Development Company, this residence epitomizes luxury living above Manhattan's famed Billionaire's Row. Residents of One57 enjoy access to unparalleled building amenities and services, including a 24-hour doorman and concierge, parking garage, fitness center, yoga studio, aquarium, pet wash room, library, screening room, and private dining room.Residents have exclusive access to the Park Hyatt?s five-star hotel services, including 24-hour room service, a triple-height indoor swimming pool overlooking Carnegie Hall, a spa, steam rooms, a bar, and a restaurant.Experience the epitome of luxury living in New York City at One57 Apt.34F. Schedule a viewing today and make this remarkable residence your new home.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
157 West 57th Street
City
New York
State
NY
Zip Code
10019
County
NEW YORK (LOWER MANHATTAN)
Listing
Name
Phone
(212) 301-1140
Office Name
Office Phone
(212) 301-1140
Agent Name
Nicole Gary
Agency Phone
(212) 301-1140

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.