Homes for sale - 768 5TH Avenue #1240, Manhattan, NY 10019

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DEXTER PHILLIP

dexter.phillip@exprealty.com +1(917) 809-9210

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

$ 2,295,000

Est. payment | -/mo

1 Bed

2 Baths

941 SqFt

Save

$ 2,295,000

Est. payment | -/mo

Save

1 Bed

2 Baths

941 SqFt

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 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

RLS Data display by eXp Realty

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

768 5TH Avenue #1240 Manhattan, NY 10019