FOR SALE
768 5th Ave #1623
New York, NY 10019
Central Park South
2 Beds
2 Baths
1,487 sqft
- 2 Beds
- 2 Baths
- 1,487 sqft
2 Beds
2 Baths
1,487 sqft
Local Information
© Google
-- mins to
Commute Destination
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 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.
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Cooling only
HOA
$24,475/Monthly
Price/Sqft
$3,359
Listed
180+ days ago
Listing by: Brown Harris Stevens, (212) 906-9247
Home Details for 768 5th Ave #1623
Days on Market |
|---|
Days on Market: 180+ Days on Trulia |
Property Information |
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Year Built Year Built: 1907 |
Property Type / Style Property Type: Condo |
Interior Features |
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Heating & Cooling Air ConditioningCooling System: Central Air |
Levels, Entrance, & Accessibility Elevator |
Price & Status |
|---|
Price Price Per Sqft: $3,359 |
Media |
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Community |
|---|
Units in Building: 163 |
HOA |
|---|
HOA Fee: $24,475/Monthly |
Additional Information |
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DoormanDoorman |
Price History for 768 5th Ave #1623
| Date | Price | Event | Source |
|---|---|---|---|
| 11/21/2022 | $4,995,000 | Listed For Sale | StreetEasy |
| 10/30/2022 | ListingRemoved | StreetEasy | |
| 06/23/2022 | $4,995,000 | PriceChange | StreetEasy |
| 09/10/2021 | $5,350,000 | Listed For Sale | StreetEasy |
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Comparable Sales for 768 5th Ave #1623
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.16 | Condo | $2,100,000 | 03/14/24 | 2 | 2 | 1,596 | |
0.24 | Condo | $3,500,000 | 10/20/23 | 2 | 2 | 1,472 | |
0.15 | Condo | $1,050,000 | 09/22/23 | 2 | 2 | 1,035 |
What Locals Say about Central Park South
- Dr F.
- 10y ago
"This is a wonderful place to live with Central Park as your back yard"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Douglas S Russell - Licensed Associate Real Estate Broker, Brown Harris Stevens
768 5th Ave #1623, New York, NY 10019 is a 2 bedroom, 2 bathroom, 1,487 sqft condo built in 1907. 768 5th Ave #1623 is located in Central Park South, New York. This property is currently available for sale and was listed by StreetEasy on Sep 11, 2023.