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In Contract

The Park Royal, 23 West 73rd Street, #511

$1,150,000 | 2 beds, 1 bath
View Full Building Profile  | 
40 days on Market

Key Details

  • Listed: Mar 20, 2024
    Days on Market: 40
    Building Type: Cooperative
    Neighborhood: Central Park West (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $2,317
Est. Monthly Mortgage: $6,351
Total Est. Monthly Carrying Cost: $8,668
Note: the above is based on a down payment of 20% ($230,000), which is the minimum amount permitted by the building.

Description

Make your home inches from Central Park in this stunning two-bedroom, one-bathroom co-op featuring prewar details and contemporary updates in The Park Royal, one of the Upper West Side’s most beautiful full-service buildings. This spacious residence welcomes you inside with a flexible layout and dramatic beamed ceilings that rise over hardwood floors, handsome millwork, designer paint and large windows. The entry opens to a contemporary open kitchen where sleek cabinetry, granite counters and mosaic glass tile backsplashes surround upscale stainless appliances, including an induction range, dishwasher and built-in microwave. The bar counter is perfect for casual meals alongside a convenient closet.

Ahead, relax and unwind in the 22-foot-long living room, offering a generous footprint for seating and dining areas. Two large bedrooms with roomy closets and charming trim are perfect for sleeping, formal dining or home office use. The updated bathroom boasts a large tub/rain shower with glass doors, an open vanity and a wide medicine cabinet. Designed by illustrious architect George F. Pelham in 1925, The Park Royal debuted as a luxury hotel with a grand Neo-Gothic brick and limestone façade and a dazzling entrance marquee.

Converted to cooperative use in 1985, the white-glove building offers today’s residents 24-hour doorman and concierge service, an elegant marble lobby, a children’s playroom, laundry, storage (currently waitlisted), a bike room and an on-site New York Sports Club. The low monthly maintenance charge includes electricity. Pets, subletting, co-purchasing and 80 percent financing are permitted with board approval. From this outstanding mid-block location directly across from the revered Dakota, you’re just minutes from Central Park’s most beloved features, including Strawberry Fields, The Lake, Bow Bridge and Bethesda Terrace.

The gardens and attractions of the American Museum of Natural History are just three blocks north, and this prime Upper West Side neighborhood is filled with the city’s best gourmet markets, shops, restaurants and world-class Lincoln Center entertainment. Abundant transportation options, including B, C and 1/2/3 subway lines, excellent bus service and nearby CitiBike stations, put the rest of the city within easy reach. 2% flip tax paid by purchaser.

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Listing Agent (Seller's Representative)

Listing courtesy of Compass

Pricing History

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About The Park Royal, 23 West 73rd Street

60

The Park Royal, 23 West 73rd Street has received a CityRealty Rating of 60, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

21
Out of 44
+
28
Out of 36
+
11
Out of 39
=
60
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Children's Playroom
  • Laundry Room
  • Bike Room
  • Live-In Superintendent

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Pros
  • Very impressive marquee entrance
  • Central Laundry room
  • Valet
  • Health club
  • Some terraces
  • Doorman
  • Close to the express train at 72nd
  • Across the street from the fabled Dakota
  • Less than half a block from Central Park
  • Superb Upper West Side location
  • Close to Subway
Cons
  • No major views
  • No garage
  • Large number of apartments
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Subways

  1. B
  2. C
at Central Park West 0.14 miles
  1. 1
  2. 2
  3. 3
at Broadway 0.28 miles

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