Wall Street Journal 8-24-2023: "New York's iconic Gramercy Park hotel will reopen after renovations". Maialino by Danny Meyer. A mint 2-bedroom in Gramercy Park with an expansive 1,000+ square foot private terrace and a key to the park. Upon entering the condo, over 40 feet of floor to ceiling windows offer views of Gramercy Park. Large living room offers space for dining room, sitting room and library. The fully equipped kitchen with Subzero refrigerator, Miele appliances and 5-burner stove opens to the breakfast bar and overlooks the park. Walking down to the sleeping wing, you will pass by a powder room and a second bedroom with en-suite bathroom. At the end of the hallway is the spacious master bedroom, which has a separate sitting area or the perfect study. The tranquil master bedroom has space for an additional sitting area and a door leading to a private 1,074 square foot terrace. Two walk-in closets on the way to the spa-like master suite with steam shower, separate tub, water closet and access to the private terrace. The spacious private terrace has plenty of room for dining under the gazebo, sitting area with sofa and chairs for relaxing and cocktails. Washing machine with tumble dryer in the apartment. Additional outdoor terrace license fee of $1,072 per month. Two personal storage bins. This home was built in 1924 by Bing & Bing as the Gramercy Park Hotel at 2 Lexington Avenue. 50 Gramercy Park North overlooks Gramercy Park, a private park open only to building residents.
Characteristics
Property type
Residential Properties
Object type
House
Price
2 634 429 $
FAQ
How can I get a residence permit by buying property in USA?
In USA a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in New York; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in USA?
Banks in USA finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in USA?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in USA?
A title search at the land registry of USA takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in USA?
Yes. Rental income tax is 5–25% depending on the regime. In New York short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (2 634 429 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in USA?
A typical transaction runs 30–90 days, averaging 45 in New York: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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