What is the price of Unit 1503 at Falcon & Alexander, Crows Nest?

Unit 1503 is priced at $3,450,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 1.0% based on a weekly rent of $650.

How does this apartment compare to the median unit price in Crows Nest?

This apartment is priced at a 263% premium over the Crows Nest median unit price of $950,000.

What lifestyle benefits does Crows Nest offer residents?

Crows Nest offers excellent Metro connectivity, vibrant dining, high walkability, and urban convenience on Sydney’s Lower North Shore.

Is this apartment suitable for downsizers or families?

With 3 bedrooms, 2 bathrooms, and 2 car spaces, this apartment suits downsizers, families, or professional sharers seeking space and luxury.

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Residence

Unit 1503

Level 15

Harbour Views Meet Metro Luxury: Crows Nest's Most Exclusive Address Residences

Name: Unit 1503 — Harbour Views Meet Metro Luxury: Crows Nest's Most Exclusive Address Residences
Brand: Local Knowledge Property
Price: 3450000 AUD
Availability: InStock

Falcon & Alexander — Unit 1503 | 3B/2B/2C

8 Alexander St Crows Nest NSW 2065 · Crows Nest, NSW 2065

61ASPIRE

$3,450,000

1.0% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Spaces

118m²

Total Area

Aspect: Building F

Financial Analysis

Purchase Price

$3,450,000

NSW Stamp Duty

$172,160

Est. Weekly Rent

$650/wk

Gross Yield

0.98%

Year 1 After-Tax Cashflow

$-58,712

Est. Mortgage (80% LVR)

$3897/wk

6.19% rate, 30yr P&I

Financial projections are estimates only. Yields assume median suburb rents. Stamp duty calculated on NSW 2025/26 rates. Seek independent financial advice.

About This Residence

While its ASPIRE Score of 61/100 signals a premium lifestyle play over short-term yield, this $3.45M, 3-bedroom apartment in Crows Nest commands a 263% premium over the $950k median, reflecting its exclusive positioning. Configured for professional sharers or a downsizer, the 118sqm layout on the 15th floor of this new metro-side address offers walkable access to Willoughby Road's vibrant scene. With Crows Nest units achieving 12.2% annual growth, the estimated -$58,712 first-year cashflow is a strategic entry cost for a long-term capital growth asset in this tightly held suburb.