AKA CONDO HOTEL: UNITED NATIONS
Located in prime NYC, walking distance form the finest restaurants, parks, museums, shopping, great transportation and the United Nations Headquarters
The 21 story tower, with unrivalled views of Manhattan, includes 95 spacious, fully furnished one bedroom residences, with full kitchens, for purchase. Designed for long term stay and value, the one bedroom suites range from 562 sf (52.21m2), to 663 sf (61.59m2).
PROJECT FEATURES INCLUDE
24 hour Dedicated Doorman and Concierge
State-of-the-art Fitness and Business Centers
Branded rental program
AKA UN Residential Hotel in New York, is opening in late summer 2015 and offers an excellent investment opportunity.
AKA comprises a curated portfolio of luxury-serviced residences in prime metropolitan locations. A condominium hotel residence within the AKA portfolio, is a recognized premium brand. Owners are able to put their units in AKA’s successful hotel rental program without any time limit to how long you can use your residence.
More visitors come to New York every year. Some for a few days, some for a few months. This project has the flexibility to accommodate all stays and benefit from this trend.
The Optional Rental Management Program by AKA is one of the key reasons Select views this project as a great investment opportunity.
In NYC, where projects are priced in excess of 3500 per square foot, AKA is priced at 2000, is delivered fully furnished with kitchen, and are in a rental program which offers excellent cash flow. It is highly unusual to have no limitations on the length of owners’ use, enabling them to use the units as they wish and rent them as much or little as they prefer. Typically, AKA residences have a minimum occupancy rental rate of 86% and a potential cash return of 15% yearly.