1 Central Park South, Unit 1623
1 Central Park South, Unit 1623
$4,995,000
2
2
1,487
1,487
$3,359
Virtual Tour
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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LISTING UPDATED: 04/08/2024 04:39 PM
Property Details for 1 Central Park South, Unit 1623
Status | Active |
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MLS ID | RPLU-21921187994 |
Days on Market | 927 |
Taxes | $3,876 / month |
Common Charges | $24,475 / month |
Min. Down Pymt | - |
Total Rooms | 4.0 |
Compass Type | Condo |
MLS Type | Condo |
Year Built | 1907 |
County | New York County |
Location
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Building Information for 1 Central Park South, Unit 1623
Building/ComplexThe Plaza Condominium & ResidencesFloor16Stories20Residences163Pet PolicyAllowedYear Built1907Building AgePre-warBuilding TypeHighrise
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$55,611 per month
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Property Information for 1 Central Park South, Unit 1623
Property History for 1 Central Park South, Unit 1623
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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 |
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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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