425 Fifth Ave. building set to open soon. (Residential).In response to the demand of Manhattan's home buying community for luxury residences in the $500,000 to $1 million price range, 425 Fifth Ave. announced that it is offering for the very first time a new selection of high floor condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. residences for purchase. Now rising at the northeast corner of 38th Street, the tower is expected to be ready for occupancy in early 2003. Featuring wonderful views from the 24th through the 34th floors of this signature 67-story Michael Graves' building, the luxury studios, one- and two-bedroom residences are priced within the highly desirable $400,000 to $1 million range. Each of these distinctive homes is newly constructed, offers incomparable views, and Michael Graves' custom designed finishes -- all with a highly coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. Fifth Avenue address. The Michael Graves-designed residences will feature gourmet kitchens with granite countertops and backsplashes, custom cherry wood cabinetry cab·i·net·ry n. Cabinetwork: finely detailed cabinetry. Noun 1. cabinetry - the craft of making furniture (especially furniture of high quality) cabinetwork , slate porcelain tile Porcelain tiles are ceramic tiles with a water absorption rate of less than 0.5 percent that are used to cover floors and walls. They can either be unglazed or glazed. The hardness of the tile is rated from zero to five according to the Porcelain Enamel Institute scale. floors, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. appliances, and bath-rooms of patterned tile and marble, separate glass-enclosed showers and luxurious soaking tubs. "The union of luxury and lifestyle is evident in 425 Fifth Ave.'s extensive amenities package, The Fifth Avenue Club, which is well spaced on two full floors," said Adrienne Albert, president of The Marketing Directors, Inc., marketing and exclusive sales agent for the property. Amenities include: An indoor swimming pool, steam and sauna rooms, his and hers lounges, changing rooms
A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan and the current market interest rate. outdoor terrace, state-of-the-art technogym, an extensive business center, a children's playhouse, an entertainment lounge, a cinema room, a wine cellar and a private storage facility. 425 Fifth Ave.'s top 27 floors will contain 81 distinctive condominiums and feature a variety of studio, one, two and three bedroom layouts. Prices for the tower's studio homes range from $660,000 to $730,000 while the price tag for its largest penthouse residences range from $7 million to $10 million. |
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