Easley, SC (PRWEB) August 13, 2007
In line with a current surge in city investing, the International Property Investment Network (IPIN) is excited to have identified an excellent investment opportunity at Element, a luxury off-plan development in the heart of The Big Apple.
Element's exclusive off-plan apartments and townhouses are going up right in New York City centre, in the up-and-coming, fashionable neighbourhood of Columbus Circle West (CCW). Priced from USD 902,000, these townhouses and 1, 2 and 3 bedroom apartments are by no means cheap and cheerful; Element reflects the epitome of luxury down-town New York city living, now available while the Dollar exchange rates are so highly favourable.
3 bed townhouses, 1, 2 and 3 bed apartments and 4 bed penthouses are being built into a distinctive 35-story glass tower condominium, to include 198 highly prestigious units. Sheer luxury is the trademark at Element; attention to detail, cutting-edge design and top quality, contemporary fittings are set to attract the most discerning of New York's up-market real estate buyers.
Luxury features: These include beautiful, curved floor-to-ceiling window walls to maximize light and allow truly breathtaking views across Manhattan and the Hudson River. Penthouses and townhouses have private terraces from which to enjoy the views. Kitchens and bathrooms include high quality, custom-made features with appliances and fittings from the likes of Bosch, Sub Zero, Simena, Zuma and Dornbracht.
A wealth of amenities: Element provides no less than 12,000 square feet of private outdoor space with lawns -- this being somewhat of a luxury in Manhattan -- a playground, a landscaped sundeck, attended car park and concierge services. In addition, it boasts a 60 foot sky-lit swimming pool plus large whirlpool. Andy Welland, International Sales Manager at IPIN comments, "The importance of a swimming pool complex and private lawned gardens on this project cannot be over-estimated. This is New York; a true concrete jungle where features such as these are incredibly rare. New Yorkers will see the addition of such facilities as a major plus when considering to rent or buy."
Other sports and therapy facilities include a squash court, half basketball court, yoga, pilates and aerobics studio, sauna, massage/treatment room and childrens' playroom. Element's luxury residents' lounge includes a high-definition flat screen TV, billiards, wi-fi and surround-sound system. Also equipped with a chic bar and kitchen, Element residents have the option to host events inside, or outside on the private outdoor lounge.
IPIN recommends Element because:
Easy access: Located just a few blocks from the south west corner of Central Park, Element has easy access to the West Side Highway out of the city with links to any of the airports at Newark or JFK, a mere 15 miles from mid-town Manhattan. As one of the world's largest cities containing 2 of the world's busiest airports, accessing New York from around the world is straight forward.
Popular location: Element sits in Columbus Circle West, one of the most up-market parts of the city, only a few blocks from the Lincoln Centre, Central Park, Broadway and Eighth Avenue. Many trendy bars, restaurants and new businesses are opening up in this fashionable area. Element is located in an area where accommodation is at a premium, greatly adding to the development's investment potential.
Solid rental yields: Element's central location gives rise to strong year-round rental yields as well as high re-sales potential, due to strong demand for accommodation in central New York. Annual figures in both categories are estimated by the developers at circa 5.5%
Favourable Dollar exchange rates: The strong Sterling and Euro against the US Dollar make for a sound property investment choice and an ideal time for Europeans to invest in such well-located city property. At the moment, investors can obtain over 2.00 USD to 1.00 GBP, representing a great opportunity to realise potentially thousands on saved currency exchange figures. Historically, the rate of exchange between GBP and USD has been approx 1.7 USD to 1.00 GBP but today (3rd August 2007) it stands at an amazing 2.05 USD to every 1.00 GBP.
As an example, as recently as January 2006, 1.00 GBP would have bought 1.72 USD (source: Yahoo Finance). This means that a property purchase of 500,000 USD back then, would have equated to 290,697.67 GBP. However, the same 500,000 USD spent today would equal just 243,902.43 GBP. On currency alone, this represents a saving of 46,795.24 GBP in under two years.
There are of course no guarantees of if and when exchange rates will return to more stable levels. However as these figures indicate, investors considering property in the USA or indeed any other country which adopts the US currency, see now as surely the time to do so.
Prestigious developers: Element is developed by a well-established and renowned consortium, adding to investor confidence in a highly prestigious property investment.
Andy Welland adds a final word, "As many people who have stayed in New York will agree, there's no place quite like it and to own a unit in Element means investing in a slice of The Big Apple's top-end real estate. As well as having all the luxury that any of our up-market investors could wish for, this development is very central though easily accessible, making for a perfect location in which to base your investment."
The International Property Investment Network (IPIN) operated by http://www.Propertyshowrooms.com helps all types of investors in their quest to access up-to-the minute information on the very latest investment opportunities in the worldwide property market today. All discerning property investors realize the importance of taking advantage of the most lucrative real estate opportunities as soon as they arise, before they become common knowledge.