New York City’s biggest new condo tower, Miramar, has come up with a plan to offer up to a 40% discount on rent.
Dubbed the Miramar Plaza, the 622-unit condo tower will include two luxury apartments on the ground floor, a boutique on the second floor and a “lifestyle” area in the basement.
“We are going to offer the best possible value in a condo in New York,” said the building’s owner, Miriam Zavala.
Zavala, who has also built the Miramonta Condos in Brooklyn, says she hopes to get as many of her tenants as possible into the luxury apartments by the end of the year.
Miramar Plaza was developed by the developer, Balyas Group, and is located at 727 W. 52nd Street.
Zavalas’ company, which also owns the Miralax condominiums in Brooklyn and Manhattan, says it will pay for the development with its own funds.
She says Miramar will be the only condo to offer this kind of discount.
The $5 million development is expected to open in 2019.
The building’s price tag is $1.9 billion.