Completed developments

20 W 64th St, Apt 28de, New York, NY

OVERVIEW

JEL Development purchased two, 2-bedroom adjoining condominium units from an estate and legally combined them. The two units were converted into one 3,900 sqft, 4 bedroom, 4.5 baths unit. Apartment 28DE is characterized by expansive views of Central Park West and the Opera House of Lincoln Center. The apartment was fully renovated to the most modern luxury standards available to the market at the time. 

After a seasoned holding period, in which the unit was leased, JEL eventually sold the property for a significant gain.

LOCATION

One Lincoln Plaza, 1 Lincoln Plaza, 20 W 64th St #28de, New York, NY 10023, USA

DEVELOPER

JEL Development

COMPLETION YEAR

2003

STATUS

Completed & sold

PROJECT METRICS

ROI: 22% | Cap rate: 4%
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