Details:  

Size: Two Bedroom	Ownership: Condo
R/B/B: 4/2/2	SF/SM: 1,391 / 129

Apartment Features:
Open View, City View, West Exposure

Building Amenities:
Bicycle Room; Garage; Health Club; Exercise Studio; Sauna; Spa Services; Laundry Room; Private Storage; High Speed Internet Access;

Broker Summary:
Designed by world-renowned architect Costas Kondylis and located in the heart of the Theatre District, between Restaurant Row and Times Square, this 43-story glass and steel tower containing 220 apartments has been constructed by SJP Properties. The Platinum is one of the few properties in Midtown eligible for a 421-A tax abatement: From July 1, 2009 owners will have a 10-year period of reduced taxes. Monthly taxes will start below $100 per month for most apartments and taxes will be phased in by 20% every two years.

The Platinum is the second residential property built in the Times Square area. The first was titled 1600 Broadway on the Square and all apartments were sold before it was ready for occupancy during May 2006. Apartments at 1600 Broadway have seen double-digit appreciation over the last two years and the success of the project has created a great buzz for The Platinum and a few projects just west of the Times Square area including The Link, The Atelier, & The Orion.

Rental rates are very high in this area because of its central location and proximity to several office buildings including the world headquarters of The New York Times, Hearst Corporation, Bertelsmann, Equitable, and Morgan Stanley. For a video presentation of Platinum as featured on NBC’s Open House New York please click below.