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768 Fifth Avenue #1240
Condo in Central Park South •  building info
1bd • 1.5ba • 941ft² $2,439 per ft²
List Price

$2,295,000

Key Details
Days on market
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Last price change
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Estimated payment
$24,848/mo
Taxes
$2,231/mo
Common charges
$9,562/mo
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. This is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-2019 average annual net return was over 4%). 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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Important Stuff
Doorman
Elevator
Home features
Central Air
View

Park, Skyline

Building amenities
Services and facilities
Concierge
Wellness and recreation
Gym
Building info

History
What it'll cost
Purchase price
$2,295,000
Asking Price: $2,295,000
Term
30 Years
Down Payment
$229,000 (10%)
Min: 10% (229,000)
Rate
6.5 %
Mortgage Amount
$2,065,500
Mortgage Payment
$13,055
Common Charges
$9,562
Taxes
$2,231
Estimated closing cost
$87,000
Total monthly cost $24,848
Listing Courtesy of Brown Harris Stevens

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