Oops, it looks like you’re using a web browser our site no longer supports. For the best viewing experience, please use one of the following:
Google Chrome, Microsoft Edge, Apple Safari or Mozilla Firefox.
×

Mortgage Calculator

Amount to borrow:

Downpayment %:

Term (in years):

Interest rate %:

Down Payment:

Amount Financed:

Monthly Payment:

Instructions: Enter numbers and decimal points. No commas or other characters.

Log in

Not registered? Create an account
Already have an account? Log In

768 5th Ave 1223, New York, NY 10019

$4,750,000
Active Listing
Listing Details:
$4,750,000 Price
Condo Property Type
Central Park South Neighborhood
2 Beds
2 Baths
1,487 Approx. Sq. Ft.
$18,131 Maint/CC
$3,526 RET
Key Features:
Courtyard
Doorman
Prewar
Gym
Elevator
Laundry
Allows Pets
Storage
Description:

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.

Listing courtesy of Brown Harris Stevens

Discuss this property with a Core agent:

Central Park South See All Neighborhoods »