Purchase Price $26,000,000
27 Units · 15 Stories · 19,532 sqFT ·
THE DAVOS. 143 West 30th Street, built in 2012, is a 25 foot wide, 15-story luxury building containing 1 elevator, 26 residential units, 1 retail commercial unit, and is comprised of approximately 19,532 useable square feet. The unit mix includes 24 one-bedroom units, 22 of which have private outdoor balconies, and 1 that has a 408 square foot patio. The top two floors consist of two duplex penthouse units each with two private outdoor spaces. This asset presents an investor with a unique opportunity to acquire a fully built luxury building with a 421a tax abatement, and with units already rented at free-market value, a true trophy asset. There are a variety of ways to unlock the potential of this trophy building. An investor can either operate the building as an upscale, luxury rental property, or sell the units individually as condominiums. The condo offering plan is already approved. The property currently has 23 units rented, 3 units vacant (reserved as model units), and 1 ground-floor commercial unit with a lease expiring in 2022. Featuring only 2 units per floor, every unit in the building has a washer/dryer, floor to ceiling windows, 9’4 ceiling height, a split system A/C and heat with remote control, a video intercom, and a gas fireplace. A common roof deck on the top floor of the building provides southern exposure and bright city views. The Davos employs a part-time doorman (8am-12am on weekdays, 8am-6pm on weekends). Centrally located in the heart of Manhattan, The Davos is steps away from Penn Station, the new Eventi Hotel, the new NoMa Condominium, FIT, Chelsea Piers, Madison Square Park, The High Line, and many transportation options. Moreover, the property is less than 10 minutes away from the new Hudson Yards complex, furthering the demand and potential for future appreciation.
Exclusively Shown By:
Spencer H. Cutler
Licensed Real Estate Salesperson
M: (917) 444-0082