768 5TH Avenue #1240 Pending Save Request In-Person Tour Request Virtual Tour
Manhattan,NY 10019
Key Details
Property Type Condo
Sub Type Condo
Listing Status Pending
Purchase Type For Sale
Square Footage 941 sqft
Price per Sqft $2,438
Subdivision Middle East Side
MLS Listing ID RPLU-21921188005
Style Prewar
Bedrooms 1
HOA Fees $9,562
HOA Y/N Yes
Annual Tax Amount $26,772
Property 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.
Location
State NY
County Newyork
Building/Complex Name The Plaza Hotel
Building Detail https://dexterphillip.com/nyc/buildings/plaza-the-hotel-residences
Interior
Fireplace No
Appliance Washer Dryer Allowed
Exterior
Private Pool No
Building
New Construction No
Others
Ownership Condominium
Monthly Total Fees $11,793
Pets Allowed Building No,No