Churchill Townhomes
Ultra Luxury, 5 Story + Rooftop Town-Homes with Magnificent view of NYC
Luxury Living at nearly 5,000 sq ft + 950 sq ft Roof Terrace!

Located near Edgewater on the Hudson River Waterfront overlooking Manhattan with Floor-to-Ceiling windows, your home is perched on the Palisade between the George Washington Bridge and Lincoln tunnel. Your commute is a dream - when you're not working from your Private Home Office, take the Porsche, bus, or Ferry and be in midtown Manhattan in 15 mins!

Top of the line fixtures and finishes - Designer bathrooms, Private Elevator, Home Theatre, Gym, Family Room, Top floor Living, Dining and Chefs Kitchen for Entertaining, full-floor Master Suite with a Huge Walk-in Closet, Ensuite bathrooms for each Bedroom and a Rooftop Deck with expansive NYC and water views Fully Equipped with Outdoor Kitchen, BBQ and Jacuzzi / Hot Tub!

3 Car covered parking and close to transportation into NYC - bus or Ferry. No HOA dues!

This NYC Skyline and Water View Custom-built Home is Designed for the Modern Family

  • Style with Comfort
  • Comtemporary Elegence
  • An Entertainer's Paradise and perfect Home
  • Off market institutional sale at significantly below last purchase price
  • Last owner paid $28.5M and current tax assessed value is $20.5M!
  • 9.31 acres of land in a prime location in West Plano and one could argue that we are paying land value.
  • Well below replacement cost with in-place cash flow yielding 7.25% CAP at 45% occupancy in an all cash transaction.
  • At 85% occupancy will stabilize at a 14%+ CAP Rate.
  • Post stabilization sharia compliant financing should return equity thus de-risking our equity position.
  • Year 7 sale provides 26% IRR.
  • Interior condition is good second generation medical space and some suites are move in ready with some in Class A condition
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