Marketability Statement Despite the current fall in the luxury condo market for the
pandemic and political changes regarding foreign investment
policies, there will still be a demand for core assets in a prime location. According to Douglas Elliman, Manhattan sales
volumes were up 13.1% year over year in the first quarter of
2020, even as median prices declined by a modest 2.6%. With its built date, location, and state-of-the-art architecture de-
sign, the price per square footage is competitive compared to similar skyscrapers around the area.
The floor plan presents a residence for affluent buyers who enjoy both social events and serenity of family life or even
one’s retreat. Upon arrival, the residence greets its visitors
with a functional gallery. The graciously proportioned rooms
offer east, north, and south city views either to welcome and
accommodate guests or to nest with family members. For the
target buyers who host at-home receptions or salon concerts, the residence offers separation between the public and private zones connecting by the gallery with direct access to
both areas. With its gorgeous 6,77 square feet living space, an open kitchen, and a guest room, the public area is fully
functional for an event. Branching out from the intermediary
space of the family room, the bedrooms maintain their individuality and privacy. The view and size of the master bedroom
make it extra luxurious. With direct access to the library from
the master bedroom, the floor plan provides an option to hide into a quiet space to work or enjoy the peace corner.
DESIGN + DEVELOPMENT ASSOCIATE WITH SHVO APPLICATION OF JESSY YANG
15
FLOOR PLAN STUDY OF 53 W 53 RESIDENCE
