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The Olcott, 27 West 72nd Street, #PHA

$12,500,000 ($3,731 per ft2) | 5 beds, 4 baths | Approx. 3,350 ft2
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41 days on Market

Key Details

  • Listed: Mar 13, 2024
    Days on Market: 41
    Building Type: Condominium
    Neighborhood: Central Park West (Manhattan)
    Doorman: FT Doorman
    Listing viewed 182 times
Monthly Common Charges: $7,158
Monthly Real Estate Taxes: $7,233
Total Taxes & Fees: $14,391 ($4.30/ft2)
Est. Monthly Mortgage: $68,897
Total Est. Monthly Carrying Cost: $83,288 ($24.86/ft2)
Note: the above is based on a down payment of 20% ($2,500,000), which is the minimum amount permitted by the building.

Insider Highlights

  • About The Olcott: Converted to condominiums in 2005, The Olcott has 162 apartments across 16 floors, offering a blend of classic architecture and modern living.
  • Prime Location: This luxurious 5-bedroom, 4-bathroom penthouse condo is located in the desirable Central Park West neighborhood, close to Central Park and various dining, shopping, and entertainment options.
  • Exceptional Living Space: The condo offers a spacious living area with an additional large windowed office, a state-of-the-art kitchen with high-end appliances, and a luxurious primary suite with an en-suite bathroom and large walk-in closet.
  • Outdoor Features: The property boasts an unparalleled 3500 square feet of outdoor space with stunning views and safety features, perfect for entertaining or relaxing.
  • Modern Amenities: The condo is equipped with a new multi-zoned central AC system with smart control thermostats, Control4 lighting system, automatic shades, and an in-unit washer and dryer for added convenience.
  • Building Features: The landmarked, prewar condominium building, The Olcott, offers a full-time doorman, gym, children's playroom, cold storage, residents' lounge, bike room, live-in superintendent, and two storage bins included in the sale.

Description

Central Park block spectacular, downtown-like, mint condition Penthouse Condo. The most amazing outdoor space in Manhattan with fabulous sunlight and sweeping views!

This unique and gorgeous loft-like duplex boasts 4 super spacious bedrooms plus a large windowed office-and EVERY room in the house has an open exposure. The 3500 square feet of
unparalleled outdoor space is the equivalent of the best backyard in the sky-an exciting entertaining and recreation space-with the unusual combination of views and total safety.

Off the elevator, step into an entry gallery on the top floor which leads to the magnificent and jaw dropping great room, which stretches over 37 feet long and over 19 feet wide with over 10 foot ceilings.

Enormous windows on 3 sides create the ultimate architecturally correct glass box, still allowing room for art and furniture, and the rare confluence of fabulous light and warmth. The terrace can be accessed via regular glass doors and for those occasions you want to bring the outdoors in, there are sliding bi-fold glass doors.

The Western portion of the terrace features new turf surfacing, a basketball hoop, trampoline, a large dining area, and an outdoor kitchen with a built-in gas grill with gas line. The Eastern portion has a full lounge area with an outdoor TV, ping pong area, heating lamp and gorgeous views of Central Park and the Dakota.

The terrace is also beautifully planted with an automated irrigation system, lighting system, and electric awning.

The state of the art West facing eat-in kitchen is a chef’s delight with a six burner Wolf stove with vented hood, Wolf oven, Thermador dishwasher and 2 Subzero refrigerators and freezers. There is endless counter space and storage space, an extra large counter for dining, and gigantic windows. Off the kitchen is a powder room with shower.

Downstairs there are 4 bedrooms, a large office and 3 full bathrooms.

All of the bedrooms and the office face South with open views. The luxurious primary suite has a beautiful en-suite bathroom with double vanity, large bathtub and spa like glass shower. The walk in closet is the one of the largest imaginable!

Three other bedrooms are all generously sized with great closets. One has an en-suite bathroom and the 2 others share a hall bathroom. The office has great built-ins and is spacious
enough to accommodate 2 people working at the same time.

Completing this floor is a giant, extra storage closet and a large laundry room. There is also access to a common hallway and the elevators from this floor for ease returning from traveling with suitcases.

Additional amenities of this extraordinary home include a brand new, multi-zoned central AC system with smart control thermostats, Control4 lighting system, and automatic shades.

The Olcott is a full service, landmarked, prewar condominium just half a block from Central Park. Amenities include a fabulous gym, private resident’s dining room, children’s
play room, and cold storage.

Two storage bins transfer with this sale.

Note that there is an assessment in the amount of $1,504.57 for about 8 months. There is also a working capital contribution equal to the amount of 2 months of common charges
paid by the buyer.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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About The Olcott, 27 West 72nd Street

74

The Olcott, 27 West 72nd Street has received a CityRealty Rating of 74, 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

20
Out of 44
+
29
Out of 36
+
17
Out of 39
+
8
=
74
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 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:
Highly Visible 2 out of 2 points
Watertank:
Exposed 0 out of 2 points
Airconditioners:
Allowed and Present 0 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 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 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:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 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:
Yes 1 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:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2005
  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Children's Playroom
  • Lounge
  • Fitness Center
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent

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Pros
  • Very central Upper West Side location
  • Handsome, pre-war building
  • Entrance marquee
  • Concierge
  • Close to subway stations
  • Excellent shopping and many restaurants nearby
  • Consistent fenestration
  • Not too far from the Lincoln Center for The Performing Arts
  • Bicycle room
  • Ornate elevator doors in lobby
Cons
  • Many apartments
  • No garage
  • No sidewalk landscaping
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Subways

  1. B
  2. C
at Central Park West 0.12 miles
  1. 1
  2. 2
  3. 3
at Broadway 0.25 miles

Aerial Imagery

 

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