In Contract
The Plaza, 1 Central Park South, #1240
$2,295,000
($2,439 per ft2)
| 1 bed, 1.5 baths | Approx. 941 ft2
977 days on Market
Key Details
-
Listed: Mar 3, 2022Days on Market: 977Building Type: CondominiumNeighborhood: Midtown West (Manhattan)Doorman: FT DoormanListing viewed 789 times
Monthly Common Charges:
$9,562
Monthly Real Estate Taxes:
$2,231
Total Taxes & Fees:
$11,793
($12.53/ft2)
Est. Monthly Mortgage:
$12,166
Mortgage calculator
Total Est. Monthly Carrying Cost:
$23,959
($25.46/ft2)
Note: the above is based on a down payment of 20% ($459,000),
which is the minimum amount permitted by the building.
Description
One of the highly coveted Edwardian Suites, this unit is nearly double the size of a standard Plaza guest room at 941 sf (87.42 sq m). This perfectly proportioned suite offers a spacious sitting room with a decorative fireplace, a powder room, wet-bar and Butler’s Pantry. The bathrooms are finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style.
There are Park views from both the living room and the King size bedroom suite, separated by sliding doors that allow for this space to convert to two bedrooms with complete privacy. The master bath, entered via double French doors, is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also a huge owners closet in the hallway.
This is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-2019 average annual net return was over 4%). The owner may rent the suite through the hotel rental management program while not in residence and has the option to use the suite for up to 120 days per annum at the owners discretion. The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007.
The new Plaza Hotel has only 272 rooms which is a reduction of 66%. This iconic hotel continues to have high demand and now with far fewer rooms the occupancy and rates are quite high which greatly benefits the condo hotel owners.
There are Park views from both the living room and the King size bedroom suite, separated by sliding doors that allow for this space to convert to two bedrooms with complete privacy. The master bath, entered via double French doors, is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also a huge owners closet in the hallway.
This is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-2019 average annual net return was over 4%). The owner may rent the suite through the hotel rental management program while not in residence and has the option to use the suite for up to 120 days per annum at the owners discretion. The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007.
The new Plaza Hotel has only 272 rooms which is a reduction of 66%. This iconic hotel continues to have high demand and now with far fewer rooms the occupancy and rates are quite high which greatly benefits the condo hotel owners.
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Listing courtesy of
Brown Harris Stevens Residential Sales LLC
Pricing History
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