|
NEWLY RENOVATED FULL-FLOOR DESIGNER PENTHOUSE AT CASSA RESIDENCES
Welcome to PH1 at Cassa Residences, a newly renovated full-floor designer penthouse in the heart of Midtown Manhattan. Offering over 2, 500 square feet, four bedrooms, three and a half bathrooms, and spectacular views from every room, this is one of the rare opportunities in Midtown that combines true penthouse living with serious investment upside.
PH1 is not a standard condo. This is a private full-floor residence with quadruple exposure, open skyline views, river views, and incredible natural light throughout the day. The 41-foot great room anchors the home, creating a dramatic entertaining space surrounded by oversized windows and a constantly changing New York City backdrop.
The windowed eat-in kitchen features modern white lacquer cabinetry, Pietra Bedonia stone countertops, and top-of-the-line appliances. Each bedroom is generously sized, with multiple rooms offering double exposures and strong views. The primary suite feels like a true retreat above Midtown, while the spa-style bathrooms feature Glacier glass walls, limestone floors, Travertine marble vanities, glass-enclosed showers, soaking tubs, and refined designer finishes.
What makes PH1 especially powerful is the rental strategy. Cassa allows flexible 1 to 12-month leases, and large four-bedroom short-term/flexible rental inventory in Midtown is extremely limited. For investors, corporate housing, executive stays, relocation clients, and high-end furnished rental demand, PH1 offers a rare product type that is hard to replicate. The four-bedroom layout creates a major advantage because most flexible rental options in Midtown are smaller units, making this residence stand out for premium tenants during peak seasons and high-demand periods.
Cassa Residences delivers a full-service luxury lifestyle with 24-hour doorman and concierge, hotel-style services, fitness center, business lounge, landscaped outdoor terrace, private event space, access to the acclaimed Butter Restaurant, housekeeping options, dry cleaning, and additional lifestyle services.
Located at 70 West 45th Street between Fifth and Sixth Avenues, PH1 places you moments from Bryant Park, Rockefeller Center, Fifth Avenue shopping, Times Square, Grand Central, top restaurants, hotels, offices, and transportation.
A newly renovated full-floor Midtown penthouse with four bedrooms, massive entertaining space, privacy, views from every room, and rare 1 to 12-month leasing flexibility. Whether used as a luxury residence or positioned as a high-demand furnished rental, PH1 is the type of asset that is almost impossible to replace in this location.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$15,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $12,000,000 | $12,000,000 | $12,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $68,135 | $73,886 | $101,263 |
| Total Monthly Payment | $68,260 | $74,011 | $101,388 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.