Nostrum, the most recognized residential brand of Altius Group, arrives in Punta del Este.
Nostrum Roosevelt is a contemporary residential tower with twenty floors above ground level, located on the iconic Franklin D. Roosevelt Avenue, stop 19, at the corner of Francisco Acuña de Figueroa. This avenue runs the length of the resort town and is now the center of Punta del Este's largest commercial and service development.
Its contemporary architecture and privileged views of the sea and the forest offer an urban, functional and connected lifestyle: close to the beaches, shopping centers, schools and everything that makes Punta del Este a place to be enjoyed twelve months a year, not just in January.
It is also one of the few opportunities to buy off-plan in Punta del Este under the promoted housing regime, with the full tax package of Law 18.795.
The building
Twenty floors above ground level, dedicated to one-, two-, and three-bedroom residential units. On the ground floor, two commercial spaces facing Roosevelt Avenue add dynamism and value to the immediate surroundings. The building features two elevators, magnetic card access control, provision for a virtual concierge system, closed-circuit television at the entrances, and Wi-Fi in the main lobby.
Amenities
Designed for year-round enjoyment:
Outdoor swimming pool with solarium, outdoor shower and changing rooms
Fully equipped gym with a glass front facing the park
Multipurpose room with integrated kitchen and pergola terrace
Semi-covered grill and barbecues
Playroom designed for children
Covered carport with pergola structure at the entrance
Landscaped outdoor areas
The units
One, two, and three-bedroom apartments with non-slip terraces and glass railings with aluminum frames. They are delivered with:
Electronic lock on the main door
Wood-look vinyl flooring with click system
Aluminum windows and aluminum slat roller blinds in the bedrooms
Modular melamine wardrobes in the bedrooms
Kitchen with granite or quartz countertop, stainless steel sink, melamine cabinets and provision for extractor hood
Pre-installation for split air conditioning (hot and cold) in living room and bedrooms
Provision for washing machine and water heater
Garages and garage boxes
They are sold separately, on the ground floor and basements, and include provision for charging electric vehicles.
Tax benefits — Law 18.795
Nostrum Roosevelt is covered by the subsidized housing scheme, which offers the buyer:
Exemption from ITP in the first sale
Exemption from IRAE or IRPF on income generated by the property
Exemption from Wealth Tax for ten years
This is the point that makes the project especially attractive for those who buy to rent out: the rent is exempt and the tax cost of maintaining the asset falls to zero for a decade.
Pricing
Typology From
1 bedroom USD 107.419
2 bedrooms USD 149.960
3 bedrooms USD 211.978
Optional garages and storage units are sold separately. Prices do not include occupancy fees (4%) or real estate fees (3% + VAT, payable upon signing the agreement). Ask us about financing options.
