Property Analysis of Selected Property, Essays (university) of Management Fundamentals

Download Property Analysis of Selected Property and more Essays (university) Management Fundamentals in PDF only on Docsity! Running head: PROPERTY ANALYSIS Property Analysis of Selected Property Subject: Businesss Selected Property Eugene apartments, 435 West 31st Street, New York (Eugene, NYC) Building size, location, accessibility The Eugene is a 55-story residential building located in the heart of Manhattan West facing Hudson river. It has 844 rental residential apartments with around 2 million square feet built up area. Minutes to Subway lines & Penn Station resulting in easy accessibility. It is near Madison Garden Square and Chelsea. Physical condition and age of structure and grounds New condition as the apartment building rebuilt 4-5 years ago with stunning looks. Luxury apartments with the highest quality of materials used. The grounds are well maintained with flowers and sitting benches. PROPERTY ANALYSIS ¢ Common area characteristics and condition 4,500 SF Rooftop Terrace with great view. 2 Acre Public Plaza with park, gym, swimming pool and shopping center. Wellness & Fitness Center e Tenant space characteristics and condition Interiors Designed by RW Studios Washer & Dryer in all Apartments Floor-to-Ceiling Windows e Building occupancy and character of tenants The current occupancy level is 95% with great demand from professionals working nearby in Manhattan. Most of the tenants are belonging to economically higher upper class. Most of them are entrepreneurs, managers in top companies or senior government officials. It can be considered as a high-class rich neighborhood.