FOUR SEASONS HOTEL ON THE BLOCK

 

We hear the Four Season’s Hotel is being actively marketed….The magnificent hotel located on 57th Street has room rates STARTING around $ 1,000/night. This made us think: For anyone visiting for 10 days or so per month, $ 10,000.00/month would pay the mortgage and monthly charges for an apartment that sells for around $ 1.75million. It is not surprising so many people buy a pied a terre in Manhattan, especially in full service buildings. What do you think?