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The Oliver Cromwell, 12 West 72nd Street

Between Central Park West & Columbus Avenue   |    Central Park West

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Key Details

  • Co-op
  • Built in 1926
  • 172 Apartments
  • 29 Floors
$65 Avg. Price / Ft2
  • Size Avg. Price # Sold
  • STUDIO $420,000 2
  • 1 BED $785,000 2
  • 2 BEDS $1,897,500 2
  • 3 BEDS $3,425,000 1
  • Avg. Price based on 7 closings during past 12 months Last updated Jul 19, 2018
  • View all recent sales
$1,071 Avg. Price / Ft2

Overview

68

The Oliver Cromwell, 12 West 72nd Street has received a CityRealty Rating of 68, 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

24
Out of 44
+
30
Out of 36
+
14
Out of 39
=
68
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
Mixed 1 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Poorly Done 0 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 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:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 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:
Some 1 out of 1 points
Door Person:
None 0 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:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points
    How was this building rated?

    This 30-story tower is credited with ushering in "the transformation of its parkside neighborhood into one of the most architecturally distinctive areas in the city...It is one of Manhattan's finest free-standing towers of the 1920's."

    That assessment was made, correctly, by Steven Ruttenbaum in his book, "Mansions in the Clouds, the Skyscraper Palazzi of Emery Roth," (Balsam Press, Inc., 1986).

    What is surprising is the location of such a magnificent tower. It is not fronting on a park, or even a corner. The building almost seems too extravagant for its mid-block setting. The building's entrance is a two-story arch and it and the façade detailing "contribute a majestic and powerful quality to the building," Ruttenbaum wrote.

    The tower, which was completed in 1927, has a buff brick façade above a rusticated, three-story stone base and terra-cotta window surrounds in Italian Renaissance fashion at the fourth, fifth, sixth, 15th, and 26th through the 29th stories.

    The building has setbacks at the 16th, 19th, 20th, 21st 27th, and 29th floors.

    The symmetrical design by Emery Roth culminates in a pointed green-glazed terra-cotta lantern on an octagonal drum.

    "In the wintertime, it is possible to see steam escaping through the arched openings of the lantern, trailing off into the heavens. It is an inspirational sight to behold," according to Ruttenbaum.

    "The first-floor public spaces of the Oliver Cromwell," he continued, "originally were richly decorated in an eclectic and colorful mixture of styles. The lobby was intimately scaled and embellished with classically inspired polychrome terra-cotta arches and doorways. At one end of the room was a tile fountain supporting a bust of Oliver Cromwell. The ceiling was decorated with a colorful terra-cotta cornice and was divided into a series of irregularly shaped panels with murals painting in pastel shades depicting figures in Spanish costume. The main dining room was of similar design; however, its ceiling was wood-paneled and ornamented with colorful plaster moldings. The overall effect of these details produced a rich, polychrome impression....

    "Despite these fine features, however, the Oliver Cromwell was not an immediate financial success. Following the building's opening, many suites remained vacant, and when economic chaos engulfed the city shortly thereafter as a result of the stock market crash, the hotel suffered even greater financial uncertainty. In early 1932, the building went into receivership and new efforts were made to attract tenants by increasing services. At that time, occupancy, which included month-to-month rentals and long-term leases, ran less than 60 percent.

    "By the end of the year, however, every apartment, both furnished and unfurnished, was under lease for at least one full year. Five years after its completion, financially stability finally found a home at the Oliver Cromwell....According to his sons, [Roth]...took special satisfaction in the design of the Oliver Cromwell. Because he considered it the finest building produced by his office, he was distressed that it was not an immediate financial success."

    The 172-unit building was converted to a cooperative apartment building in 1984.

    Its prominence was short-lived and diminished somewhat by the tall twin towers of the Majestic apartment house at the Central Park West corner a few years after its completion.

    While the famous towers along Central Park West survived the Depression fairly well, side- and cross-street buildings did not fare as well and the Oliver Cromwell even had to resort to a large roof-top sign for a while and the opulence of its lobby and its reputation lost much of their luster, which is surprisingly since it is not much different from the Carlyle Hotel on Madison Avenue on the Upper East Side and is slightly scaled down from Roth's own Ritz Tower at the northeast corner of Park Avenue and 57th Street.

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    Nearby Subway Stations

    1. B
    2. C
    at Central Park West 0.07 miles
    1. 1
    2. 2
    3. 3
    at Broadway 0.29 miles

    Carter Horsley's Review

    The Oliver Cromwell, 12 West 72nd Street Carter Horsley's Building Review
    "This 30-story tower is credited with ushering in "the transformation of its parkside neighborhood into one of the most architecturally distinctive areas in the city...It is one of Manhattan's finest free-standing towers of the 1920's."" Read Carter's Full Review

    The pros & cons

    Pros
    • Magnificent views from upper floors
    • Near Central Park
    • Convenient to subways
    • Prime location
    Cons
    • No garage
    • No sundeck
    • No health club
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    Famous Residents at The Oliver Cromwell, 12 West 72nd Street

     

    Pricing Comparison of Similar Buildings

    View Detailed Comparison

    The Oliver Cromwell, 12 West 72nd Street - 10 year Sales History

    View Full Sales History
     

    The Oliver Cromwell, 12 West 72nd Street 12 Month Sales Summary

    View By Apartment Sizes
    Past 12 Months
    $1,375,714
    AVG Price, based on 7 Sales
     

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    In the Neighborhood: What’s Available & Sales Stats

    Not enough data available to generate chart.
    • 202 Available for Sale
    • $1,759 Avg. Price / Ft2
    • $3,247,295 Avg. Price
    • $1,800,000 Median Price
    1. Most Expensive The San Remo Apt 5C | $24,000,000
      Price / ft2 $4,800
    2. Least Expensive 46 West 71st Street Apt 2A | $275,000
    Not enough data available to generate chart.
    • 27 Available for Rent
    • $75 Avg. Price / Ft2
    • $8,686 Avg. Price
    • $4,250 Median Price
    1. Most Expensive The Beresford Apt 4F | $30,000
      Price / ft2 $129
    2. Least Expensive 62 West 87th Street Apt 1F | $2,225
    Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
    Not enough data available to generate chart.
    • 248 Total Sales
    • $1,323 Avg. Price / Ft2
    • $2,528,693 Avg. Price
    • $1,439,000 Median Price
    1. Most Expensive The San Remo Apt 5C | $24,000,000
    2. Least Expensive 46 West 71st Street Apt GA | $206,000
      Price / ft2 $515

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