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A blog from CityRealty (Links below will take you to the 6sqft site)

The Plaza, 1 Central Park South, #1640

$2,595,000 ($2,758 per ft2) | 1 bed, 1.5 baths | Approx. 941 ft2
49 days on Market

Key Details

  • Listed Sep 7, 2021
    Days on Market 49
    Building Type Condominium
    Neighborhood Midtown West
    Doorman FT Doorman
    Listing viewed 93 times
Monthly Common Charges $9,562
Monthly Real Estate Taxes $2,453
Total Taxes & Fees $12,015 ($12.77/ft2)
Est. Monthly Mortgage $8,752
Total Est. Monthly Carrying Cost $20,767 ($22.07/ft2)

Description

One of the highly coveted Edwardian Suites, this unit is nearly double the size of a standard Plaza guest room at 941 sf (87.42 sq m). This perfectly proportioned suite offers a spacious sitting room with a decorative fireplace, a powder room, wet-bar and Butler's Pantry. The bathrooms are finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style.

There are Park views from both the living room and the King size bedroom suite, separated by sliding doors that allow for this space to convert to two bedrooms with complete privacy. The master bath, entered via double French doors, is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also a huge owners closet in the hallway.

Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-19 annual net return was nearly 5%). 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.

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.

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Apartment Amenities

  • Washer/Dryer in apt.

Similar Apartments Nearby

 

Pricing History

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About The Plaza, 1 Central Park South

99

The Plaza, 1 Central Park South has received a CityRealty Rating of 99, 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

36
Out of 44
+
31
Out of 36
+
23
Out of 39
+
9
=
99
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Individual Designation 2 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
Yes 1 out of 1 points
Water Element:
Yes 1 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 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:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 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:
10-15 1 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 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:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points
  • Condo
  • Built in 1907
  • 181 Apartments
  • 21 Floors

Building Amenities

  • Conversion Year: 2007
  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Garden
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Business Center
  • Party Room
  • Event Room
  • Fitness Center
  • Outdoor Entertainment Space
  • Courtyard
  • In-Unit Washer/Dryer
  • Fireplaces
  • Landmarked
  • Live-In Superintendent
  • Restaurant
  • Terraces / Balconies

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Pros
  • World-famous landmark
  • Great lobby
  • Great entrances
  • Sidewalk landscaping
  • Hotel services
  • Some balconies
  • Excellent public transportation
  • Catering
  • Excellent shopping
  • Concierge
  • Doorman
  • Overlooks Central Park
  • Close to Subway
  • Oak Bar
Cons
  • Many apartments
  • No roof deck
  • Considerable traffic
  • Mixed-use project also has hotel and retail
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Subways

  1. Q
  2. N
  3. R
at 5th Ave and 60th 0.06 miles
  1. F
at 6th Ave 0.17 miles
  1. M
  2. E
at 5th Ave and 53rd 0.31 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.37 miles
  1. B
  2. D
at Broadway and 53rd 0.40 miles
  1. 1
  2. A
  3. C
at Central Park West and 60th 0.46 miles

Aerial Imagery

 

Other Apartments Available in this Building (30)

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