Details:  

Size: Two Bedroom	Ownership: Condo
R/B/B: 4/2/2	SF/SM: 1,244 / 116

Apartment Features:
Open View, Northern Exposure, West Exposure

Building Amenities:
Courtyard; Laundry Room; Rooftop Deck;

Broker Summary:
The 43-story tower includes 349 unique apartments above a new 5 Star Hyatt Andaz hotel designed by The Rockwell Group. The building is centrally located on Wall Street near Tiffany & Co. and the highest grossing BMW dealership in America. The government has granted a tax incentive to many buildings in the Financial District and all owners at 75 Wall will be eligible to receive a 421-G tax abatement:

The abatement will include a 9 year period of no real estate tax. After the first 9 years the taxes will phased in at 20% a year until they reach normal levels. For a typical 1-Bedroom apartment the yearly tax savings will be over $10,000!

The 75 Wall Street Residences, William & Beaver, The Setai, The W Hotel Residences, and The Cipriani Residences are the premier luxury buildings in the Financial District. 75 Wall distinguishes itself from the competition because it has lower monthly carrying costs, reasonable pricing, and the brand recognition of the Hyatt Andaz. These factors combine to create an opportunity for accelerated appreciation and higher yields for investors planning to rent their apartments.

Rental yields in the Financial District are among the best in the city because the very low vacancy rate and the high average yearly income of residents.

http://www.newyorknycondo.com/