1 Central Park South, Unit 1623

$4,995,000
Price
2
Beds
2
Baths
1,487 Sq. Ft.
$3,359 / Sq. Ft.
1,487
Sq. Ft.
$3,359
per Sq. Ft.

Description

2 BR Condotel 2022 net return 5.8% Incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! Known as The Vanderbilt Suite, this stunning two bedroom condo hotel suite is over 1487 sq ft (138.14 sq m). This sprawling two bedroom corner unit offers beautiful views on to Fifth Avenue and an over-sized living room with an elegant separate dining area nestled into a beautiful rounded corner window. A fully outfitted butlers pantry and wet bar make this unit perfect for...2 BR Condotel 2022 net return 5.8% Incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! Known as The Vanderbilt Suite, this stunning two bedroom condo hotel suite is over 1487 sq ft (138.14 sq m). This sprawling two bedroom corner unit offers beautiful views on to Fifth Avenue and an over-sized living room with an elegant separate dining area nestled into a beautiful rounded corner window. A fully outfitted butlers pantry and wet bar make this unit perfect for entertaining and the layout makes it feel like a real home. There is a perfectly placed second bathroom in the hallway which doubles as a powder room for guests and is located just across the second bedroom. The gorgeous master bedroom suite also has an over-sized spa-like bathroom featuring a custom claw foot bathtub, separate spa shower and a private WC. Exquisitely decorated in perfect Louis XV style and complete with two private owners closet. Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property. 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. With an excellent annual net return of more than 3% on average for (2017-2019 figures), this is an amazing investment opportunity and ideal pied-a-terre! Please call or email for further financial information. 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.

Property Details for 1 Central Park South, Unit 1623

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City

Location

Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Add your commute
LISTING UPDATED: 04/08/2024 04:39 PM

Property Details for 1 Central Park South, Unit 1623

StatusActive
MLS IDRPLU-21921187994
Days on Market899
Taxes$3,876 / month
Common Charges$24,475 / month
Min. Down Pymt-
Total Rooms4.0
Compass TypeCondo
MLS TypeCondo
Year Built1907
CountyNew York County

Building

The Plaza Condominium & Residences

163 Units20 StoriesBuilt in 1907

Location

Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Add your commute

Virtual Tour

Building Information for 1 Central Park South, Unit 1623

Building/ComplexThe Plaza Condominium & ResidencesFloor16Stories20Residences163Pet PolicyAllowedYear Built1907Building AgePre-warBuilding TypeHighrise

Payment Calculator

$55,611 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$3,876

Maintenance/Common Charges

$24,475

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Central Park South, Unit 1623

Summary
Location and General Information
  • Subdivision Name: Central Park South
  • Stories Total: 0
  • Exposures: East
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 1388
  • Tax Deduction Percent: .00%
  • Tax Block: 01274
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 7504
  • Tax Monthly Amount: 3876.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Virtual Tour
Property
Lot Information
  • Living Area: 1487.0
  • Living Area Units: SquareFeet
  • Building Name: The Plaza Hotel
Building Information
  • Building Features: Concierge, Elevators, SpaHotTub
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Exterior Features: Courtyard, BuildingRoofDeck
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingNo
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Building Rules: BuildingWasherDryerAllowed, PiedATerreAllowed
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: HighRise
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 162
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Kitchen Condition: Good
  • Floor Number: 162
  • Basement: No
  • Cooling: No
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: Yes
  • Attendance Type: DoormanFullTime, ConciergeFullTime
  • Land Lease: No

Property History for 1 Central Park South, Unit 1623

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Central Park South, Unit 1623

Taxable ValueLand-Additions-Total-
Home Facts
APN1012741388

Schools near 1 Central Park South, Unit 1623

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 111 Adolph S Ochs
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Middle 297
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1 Central Park South, Unit 1623 is a condo for sale in Central Park South. This property was listed for sale on September 7, 2021 by Brown Harris Stevens Residential Sales LLC, it's currently listed at $4,995,000. It has been on the market for a total of 899 days and was last sold on October 17, 2016. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 111 Adolph S Ochs, Nyc Lab Ms For Collaborative Studies and Middle 297. 1 Central Park South, Unit 1623 is a 2-bed, 2-bath, 1,487 sqft condo built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.