Tour An NYC Apartment That's Selling For $2 Million ... In Bitcoin Only
For many people, buying a property is about more than just a place to live. It's an investment opportunity. That's certainly true for the stunning two-bedroom condo in the Parc Vendome building at 340 West 57th Street in New York City that just came on the market for $1.825 million. The owner, who has bought and renovated several properties around the world, will consider offers that include those made with Bitcoin or Ethereum, per Zillow.
The 1,165-square-foot condominium opens to a foyer that forms an L-shape with the Great Room, a 460-square-foot living area. At the far end of the room, additional seating is provided along the 20-foot cushioned banquette, which is tucked along the seven restored landmark-approved casement windows. Natural daylight floods the room, while recessed lighting in the tall beamed ceiling and dedicated lighting to highlight artwork add light as needed. The mocha-colored limestone fireplace is the focal point along one wall, which is accented with a beautiful bamboo panel. Gorgeous hardwood floors are throughout the residence.
Spacious professional grade kitchen
The beautifully updated chef's kitchen is open to the main living area and has a large island with bar seating for four with overhanging pendant lights, per Zillow. The professional quality stainless steel appliances include a Bertazzoni five-burner gas range, a Viking wine cooler, and a 36-inch Subzero refrigerator, which is tucked behind panels to match the custom cabinetry. The kitchen also has recessed lights and under-mounted cabinet lighting. Just off the foyer, which includes a hall closet, is a separate closet for the washer and dryer.
Once again, the elegance of the design choices can be seen in the bathroom, which features the distinctive white marble walls with grey and gold veining of Italian Calcutta Gold marble. The same striped mocha limestone that frames the fireplace covers the bathroom floor in large square-cut tiles. A frameless glass shower has both a ceiling-mounted rain shower head and an adjustable shower head on a flexible hose. Two glass bowl sink basins and medicine cabinets are mounted above a glass-fronted eight-shelf storage vanity topped with Calcutta Gold marble.
King sized primary bedroom
Maximizing the use of space in any home is important, and especially so in a condominium. This king-sized primary bedroom will delight the new owner with its high, beamed ceilings and the built-in walk-in closet. The entrance to a second bedroom is discretely hidden off of the main living area.
The furnishings in this luxury condominium are negotiable, so the apartment has the potential to be delivered to the new owner furnished, partially furnished, or empty, per Zillow. It can be enjoyed as a residence by the owner but also has the option for an investor who chooses to rent it out, furnished for a monthly rental price of $13,000, as noted on the listing. Unlike many condominium buildings in New York City, this building allows 1- to 12-month leases. According to the Compass listing agent, after taxes and building expenses, the cap rate is 6.67%. Building expenses include electricity, gas, heat, and hot water.
Focal points include a fireplace and grand piano
This seventh-floor condominium in the Parc Vendome building is located a few blocks away from Columbia Circle, the Upper West Side, and Central Park. The building was built in 1931 and converted to condominiums in 1983, according to City Realty. It actually consists of two large buildings, one on West 57th Street and the other on West 56th Street. In between them is a large courtyard garden with pathways, one of which leads into Balsley Park, a small public park along 9th Avenue.
In addition to the fabulous neighborhood and amazing condominium, the new owners of 340 West 57th Street in New York City can enjoy the many amenities of the building, which include a full-time doorman and a super who lives on site. There are also common areas, including a room to store bicycles, a billiards room, a card room, a banquet room with a fully equipped kitchen, a music room, and a private dining room, per Zillow. The Time Warner Center, with its many upscale restaurants, boutiques, and services, is located one block away, as is the Lincoln Center for the Performing Arts.