$8,750,000
●
Condo -
Off Market
768 5TH Avenue #PH2040
Manhattan, NY 10019
2 Beds
3 Baths,
1
Half Bath
2150 Sqft
$8,903,769
RealtyHop Estimate
1.76%
Since Jul 1, 2023
NY-New York
Primary Model
About This Property
PLAZA GRAND PENTHOUSE 2022 NET RETURN 9.25%
This stunning trophy property is an incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! This Condotel generates dramatic income monthly to the owner after all expenses. The Owner can stay anytime they want up to 120 days a year at a minimal, additional daily cost. The Plaza Grand Penthouse Suite, is a palatial duplex which offers breathtaking views of Central Park and the New York City skyline and a large Terrace. Exquisitely furnished in classic Louis XV style, this breathtaking Penthouse suite is over 2100 sq ft (195 sq. m) with a 540 sq ft (50 sq. m) terrace off the master bedroom. The first floor features a gorgeous corner living room with stunning views of Central Park through oversized arched windows. There is a separate dining area for 12, a second master bedroom suite, and a beautifully appointed powder room. An elegant staircase then leads you to the second master bedroom suite with an expansive and beautifully landscaped terrace, park views and a separate study area. Both bedrooms have king beds, are tremendously grand and all of the rooms offer city or direct park views with complete privacy. There are also two large owners closets. Premium amenities include: Marble, wood-burning fireplace in the living room, Butler's pantry and marble wet bar with microwave oven and under counter refrigerator, White glove butler service, Smart home technology controlling temperature, lighting and other services, gorgeous baths including 24-carat gold plated Sherle Wagner faucets, mosaic floors and walls with a gilded leaf motif, deep soaking tubs with separate showers & private WC, Additional full size sofa bed, and Large wood paneled luxury closets with built-in drawers & storage. Priced competitively, with an excellent annual net return (for 2017-2019), this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property. PH2040 rents for up to $28,000 per night..
The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007. The new Plaza Hotel has only 282 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.
This spectacular Penthouse netted after all hotel expenses and property taxes over $800,000 in 2022. Please call for an appointment to see it and view it in the online video.
This stunning trophy property is an incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! This Condotel generates dramatic income monthly to the owner after all expenses. The Owner can stay anytime they want up to 120 days a year at a minimal, additional daily cost. The Plaza Grand Penthouse Suite, is a palatial duplex which offers breathtaking views of Central Park and the New York City skyline and a large Terrace. Exquisitely furnished in classic Louis XV style, this breathtaking Penthouse suite is over 2100 sq ft (195 sq. m) with a 540 sq ft (50 sq. m) terrace off the master bedroom. The first floor features a gorgeous corner living room with stunning views of Central Park through oversized arched windows. There is a separate dining area for 12, a second master bedroom suite, and a beautifully appointed powder room. An elegant staircase then leads you to the second master bedroom suite with an expansive and beautifully landscaped terrace, park views and a separate study area. Both bedrooms have king beds, are tremendously grand and all of the rooms offer city or direct park views with complete privacy. There are also two large owners closets. Premium amenities include: Marble, wood-burning fireplace in the living room, Butler's pantry and marble wet bar with microwave oven and under counter refrigerator, White glove butler service, Smart home technology controlling temperature, lighting and other services, gorgeous baths including 24-carat gold plated Sherle Wagner faucets, mosaic floors and walls with a gilded leaf motif, deep soaking tubs with separate showers & private WC, Additional full size sofa bed, and Large wood paneled luxury closets with built-in drawers & storage. Priced competitively, with an excellent annual net return (for 2017-2019), this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property. PH2040 rents for up to $28,000 per night..
The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007. The new Plaza Hotel has only 282 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.
This spectacular Penthouse netted after all hotel expenses and property taxes over $800,000 in 2022. Please call for an appointment to see it and view it in the online video.
Unit Size
2,150Ft²
Days on Market
660 days
Land Size
-
Price per sqft
$4,070
Property Type
Condo
Property Taxes
$5,743
HOA Dues
$29,532
Year Built
1907
Last updated: 3 months ago (RLS #RPLU-21921187997)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 29, 2023 | Sold | $8,750,000 | |
Sold | |||
May 11, 2023 | In contract | - | |
In contract | |||
Mar 6, 2023 | Relisted | $8,650,000 | |
Relisted | |||
Mar 1, 2023 | No longer available | - | |
No longer available | |||
Aug 30, 2022 | Relisted | $8,650,000 | |
Relisted |
Show More
Property Highlights
Garage
Parking Available
Doorman
Elevator
Interior Details
Bedroom Information
Bedrooms: 2
Bathroom Information
Full Bathrooms: 2
Half Bathrooms: 1
Interior Information
Appliances: Washer Dryer Allowed
Living Area: 2150
Room Information
Rooms: 5
Exterior Details
Building Information
Building Name: The Plaza Hotel
Outdoor Living Structures: Terrace
Pets Allowed: Building No, No
Land Information
Tax Block: 01274
Financial Details
Tax Annual Amount: $68,916
Location Details
Subdivision Name: Middle East Side
Association Fee: $29,532
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
2
Baths
2,150 ft²
$3,428/ft²
$7,370,000
Jul 21, 2016
$7,370,000
Oct 17, 2016
$34,900/mo
Condo
2
Beds
2
Baths
1,994 ft²
$4,463/ft²
$8,900,000
Feb 8, 2011
$8,900,000
Jan 19, 2012
$5,312/mo
Condo
2
Beds
2.5
Baths
2,339 ft²
$3,846/ft²
$8,995,000
Feb 29, 2008
-
Feb 5, 2021
$6,225/mo
Condo
2
Beds
2
Baths
1,985 ft²
$5,038/ft²
$10,000,000
Oct 14, 2014
$10,000,000
Jul 6, 2015
$5,140/mo
Condo
2
Beds
2
Baths
2,000 ft²
$5,075/ft²
$10,150,000
Sep 8, 2015
$10,150,000
Feb 24, 2017
$5,498/mo
Sold
Condo
2
Beds
3
Baths
2,230 ft²
$3,363/ft²
$7,500,000
Oct 17, 2014
$7,500,000
Jan 20, 2015
$7,044/mo
Active
Condo
2
Beds
3
Baths
2,100 ft²
$3,786/ft²
$7,950,000
Sep 29, 2022
-
$11,927/mo
Active
Condo
2
Beds
3
Baths
2,230 ft²
$4,484/ft²
$10,000,000
Dec 11, 2023
-
$3,886/mo
Active
Condo
2
Beds
3
Baths
2,009 ft²
$3,733/ft²
$7,500,000
Mar 14, 2024
-
$2,600/mo
Active
Condo
2
Beds
3
Baths
2,009 ft²
$3,830/ft²
$7,695,000
May 12, 2023
-
$6,542/mo
Active
Condo
2
Beds
3
Baths
2,418 ft²
$3,306/ft²
$7,995,000
Jun 20, 2023
-
$8,447/mo
Active
Co-op
2
Beds
3
Baths
2,250 ft²
$3,978/ft²
$8,950,000
Mar 11, 2024
-
$6,791/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/03/2023
|
Studio
|
1 Bath
|
-
|
$895,000
Studio
1 Bath
|
$770,000
-13.97%
05/15/2023
|
Douglas Russell
Brown Harris Stevens Residential Sales LLC
|
||
10/11/2022
|
2 Bed
|
3 Bath
|
2339 ft²
|
$6,950,000
2 Bed
3 Bath
2339 ft²
|
$5,300,000
-23.74%
03/22/2024
|
-
|
Anna DeLuca
Prudential Douglas Elliman Real Estate
|
|
09/07/2021
|
2 Bed
|
3 Bath
|
2150 ft²
|
$8,950,000
2 Bed
3 Bath
2150 ft²
|
$8,750,000
-2.23%
06/29/2023
|
-
|
Douglas Russell
Brown Harris Stevens Residential Sales LLC
|
|
09/07/2021
|
1 Bed
|
2 Bath
|
941 ft²
|
$2,595,000
1 Bed
2 Bath
941 ft²
|
$2,360,000
-9.06%
03/08/2022
|
Douglas S. Russell
Brown Harris Stevens Residential Sales LLC
|
||
09/07/2021
|
1 Bed
|
2 Bath
|
941 ft²
|
$2,950,000
1 Bed
2 Bath
941 ft²
|
$2,775,000
-5.93%
11/09/2021
|
Douglas Russell
Brown Harris Stevens Residential Sales LLC
|
||
07/05/2021
|
1 Bed
|
2 Bath
|
904 ft²
|
$2,550,000
1 Bed
2 Bath
904 ft²
|
$2,175,000
-14.71%
05/16/2018
|
-
|
Olga AFANASEVA
Level Group, Inc.
|
|
05/20/2021
|
Studio
|
1 Bath
|
476 ft²
|
$799,000
Studio
1 Bath
476 ft²
|
-
-
|
-
|
Ken Laino
Manhattan Network Inc
|
|
02/01/2019
|
Studio
|
1 Bath
|
476 ft²
|
$1,195,000
Studio
1 Bath
476 ft²
|
-
-
|
-
|
Kenneth L. Laino
Manhattan Network Inc
|
|
10/02/2018
|
1 Bed
|
1 Bath
|
-
|
$1,495,000
1 Bed
1 Bath
|
$1,400,000
-6.35%
03/28/2019
|
Connor Ramage
Compass
|
||
05/29/2018
|
1 Bed
|
1 Bath
|
902 ft²
|
$2,250,000
1 Bed
1 Bath
902 ft²
|
$2,200,000
-2.22%
07/30/2018
|
Charlie Attias
Compass
|
||
01/30/2018
|
Studio
|
1 Bath
|
580 ft²
|
$1,250,000
Studio
1 Bath
580 ft²
|
-
06/15/2018
|
Meghan Kelly
Compass
|
||
01/29/2018
|
1 Bed
|
1 Bath
|
941 ft²
|
$2,495,000
1 Bed
1 Bath
941 ft²
|
$2,400,000
-3.81%
06/15/2018
|
Meghan Kelly
Compass
|
||
12/20/2017
|
1 Bed
|
1 Bath
|
904 ft²
|
-
1 Bed
1 Bath
904 ft²
|
-
-
|
-
|
-
|
|
12/16/2017
|
1 Bed
|
1.5 Bath
|
904 ft²
|
$2,175,000
1 Bed
1.5 Bath
904 ft²
|
-
05/15/2018
|
david silberberg
Level Group
|
||
09/12/2017
|
Studio
|
1 Bath
|
580 ft²
|
$1,250,000
Studio
1 Bath
580 ft²
|
$1,090,000
-12.80%
02/28/2018
|
Meghan Kelly
Compass
|
||
07/29/2017
|
|
1 Bed
|
2 Bath
|
-
|
-
1 Bed
2 Bath
|
-
-
|
-
|
-
|
07/27/2017
|
1 Bed
|
2 Bath
|
1494 ft²
|
$4,150,000
1 Bed
2 Bath
1494 ft²
|
$2,950,000
-28.92%
11/16/2018
|
-
|
Meghan Kelly
Compass
|
|
05/02/2017
|
1 Bed
|
1 Bath
|
730 ft²
|
$1,600,000
1 Bed
1 Bath
730 ft²
|
$1,500,000
-6.25%
11/28/2017
|
Meghan Kelly
Compass
|
||
05/02/2017
|
1 Bed
|
1 Bath
|
902 ft²
|
$2,350,000
1 Bed
1 Bath
902 ft²
|
$2,150,000
-8.51%
09/27/2017
|
Meghan Kelly
Compass
|
||
04/24/2017
|
Studio
|
1 Bath
|
580 ft²
|
$1,300,000
Studio
1 Bath
580 ft²
|
$1,104,500
-15.04%
01/04/2019
|
-
|
Marjorie Hewett
Sotheby's International Realty, Inc.
|
|
04/18/2017
|
Studio
|
1 Bath
|
580 ft²
|
$1,350,000
Studio
1 Bath
580 ft²
|
$1,200,000
-11.11%
12/22/2017
|
Elizabeth Johnson
Brown Harris Stevens Residential Sales LLC
|
||
03/06/2017
|
1 Bed
|
1 Bath
|
902 ft²
|
$2,295,000
1 Bed
1 Bath
902 ft²
|
$2,075,000
-9.59%
09/29/2017
|
Meghan Kelly
Compass
|
||
02/28/2017
|
1 Bed
|
1.5 Bath
|
904 ft²
|
$2,475,000
1 Bed
1.5 Bath
904 ft²
|
-
-
|
-
|
david silberberg
R New York
|
|
02/14/2017
|
1 Bed
|
1 Bath
|
1063 ft²
|
$2,800,000
1 Bed
1 Bath
1063 ft²
|
$1,850,000
-33.93%
02/05/2018
|
Connor Ramage
Compass
|
||
10/03/2016
|
1 Bed
|
1 Bath
|
529 ft²
|
$1,265,000
1 Bed
1 Bath
529 ft²
|
$1,195,000
-5.53%
12/07/2017
|
-
|
Meghan Kelly
Compass
|
|
10/03/2016
|
1 Bed
|
1 Bath
|
1494 ft²
|
$4,495,000
1 Bed
1 Bath
1494 ft²
|
-
-
|
-
|
Meghan Kelly
Compass
|
|
10/03/2016
|
1 Bed
|
1 Bath
|
902 ft²
|
$2,195,000
1 Bed
1 Bath
902 ft²
|
$2,000,000
-8.88%
04/28/2017
|
Meghan Kelly
Compass
|
||
09/26/2016
|
2 Bed
|
2 Bath
|
1500 ft²
|
$4,095,000
2 Bed
2 Bath
1500 ft²
|
$3,850,000
-5.98%
08/29/2017
|
Meghan Kelly
Compass
|
||
09/20/2016
|
1 Bed
|
1 Bath
|
531 ft²
|
$1,350,000
1 Bed
1 Bath
531 ft²
|
-
-
|
-
|
Emory Stewart
Elliman
|
|
09/13/2016
|
1 Bed
|
1 Bath
|
941 ft²
|
$2,545,000
1 Bed
1 Bath
941 ft²
|
$2,545,000
10/17/2016
|
Meghan Kelly
Compass
|
||
09/13/2016
|
2 Bed
|
1 Bath
|
1500 ft²
|
$3,995,000
2 Bed
1 Bath
1500 ft²
|
$3,995,000
10/17/2016
|
Meghan Kelly
Compass
|
||
09/13/2016
|
2 Bed
|
1 Bath
|
1487 ft²
|
$4,395,000
2 Bed
1 Bath
1487 ft²
|
$4,395,000
10/17/2016
|
Meghan Kelly
Compass
|
||
08/11/2016
|
1 Bed
|
1 Bath
|
782 ft²
|
$2,750,000
1 Bed
1 Bath
782 ft²
|
-
-
|
-
|
Carmen Perez
Corcoran Group
|
|
07/21/2016
|
1 Bed
|
1 Bath
|
941 ft²
|
$2,195,000
1 Bed
1 Bath
941 ft²
|
$2,195,000
10/17/2016
|
Taylor Amos
Compass
|
||
07/21/2016
|
2 Bed
|
2 Bath
|
1487 ft²
|
$3,895,000
2 Bed
2 Bath
1487 ft²
|
$3,800,000
-2.44%
10/27/2016
|
Meghan Kelly
Compass
|
||
07/21/2016
|
2 Bed
|
2 Bath
|
2150 ft²
|
$7,995,000
2 Bed
2 Bath
2150 ft²
|
$7,370,000
-7.82%
10/17/2016
|
-
|
Meghan Kelly
Compass
|
|
02/24/2016
|
Studio
|
1 Bath
|
-
|
$1,600,000
Studio
1 Bath
|
-
-
|
-
|
Cheryl Ann Aiello
Keller Williams NYC
|
|
10/08/2015
|
1 Bed
|
1 Bath
|
531 ft²
|
$1,450,000
1 Bed
1 Bath
531 ft²
|
-
-
|
-
|
Leasing Office, Chelsea Park 260 West 26th Street
Sotheby's International Realty, Inc.
|
|
10/08/2015
|
1 Bed
|
1 Bath
|
698 ft²
|
$1,995,000
1 Bed
1 Bath
698 ft²
|
-
-
|
-
|
Emel Dilek
Douglas Elliman Real Estate
|
|
07/16/2015
|
Studio
|
1 Bath
|
537 ft²
|
$1,400,000
Studio
1 Bath
537 ft²
|
$1,400,000
02/05/2021
|
-
|
Hideko Horiguchi
Sothebys International Realty
|
|
05/11/2015
|
1 Bed
|
1.5 Bath
|
904 ft²
|
$2,475,000
1 Bed
1.5 Bath
904 ft²
|
-
-
|
-
|
david silberberg
R New York
|
|
08/08/2014
|
1 Bed
|
1 Bath
|
698 ft²
|
$1,995,000
1 Bed
1 Bath
698 ft²
|
-
-
|
-
|
Christine Martin
Compass
|
|
08/08/2014
|
1 Bed
|
1 Bath
|
730 ft²
|
$2,095,000
1 Bed
1 Bath
730 ft²
|
-
-
|
-
|
Christine Martin
Compass
|
|
07/30/2014
|
1 Bed
|
1.5 Bath
|
905 ft²
|
$2,750,000
1 Bed
1.5 Bath
905 ft²
|
-
-
|
-
|
Louise Phillips Forbes
Brown Harris Stevens Residential Sales LLC
|
|
03/18/2014
|
Studio
|
1 Bath
|
504 ft²
|
$1,375,000
Studio
1 Bath
504 ft²
|
$1,100,000
-20.00%
11/14/2014
|
Arlene Medow
Medow Property Group Ltd
|
||
09/30/2013
|
1 Bed
|
1 Bath
|
698 ft²
|
$2,050,000
1 Bed
1 Bath
698 ft²
|
-
-
|
-
|
Elizabeth Sample
Sothebys International Realty
|
|
08/19/2013
|
Studio
|
1 Bath
|
-
|
$2,500,000
Studio
1 Bath
|
-
-
|
-
|
Maria Velazquez
Compass
|
|
04/04/2013
|
1 Bed
|
1 Bath
|
529 ft²
|
$1,900,000
1 Bed
1 Bath
529 ft²
|
-
-
|
-
|
Elizabeth Debry Lorenzo
Compass
|
|
03/11/2013
|
1 Bed
|
2 Bath
|
-
|
$3,400,000
1 Bed
2 Bath
|
-
-
|
-
|
Joanne Cutler
Cutler Joanna
|
|
10/02/2012
|
1 Bed
|
1 Bath
|
-
|
$2,000,000
1 Bed
1 Bath
|
-
-
|
-
|
Lisa Lippman
Brown Harris Stevens Residential Sales LLC
|
|
10/22/2012
|
Studio
|
-
|
-
|
$999,000
Studio
-
|
-
11/13/2012
|
Karen Lind
Brown Harris Stevens Residential Sales LLC
|
||
09/15/2011
|
1 Bed
|
1.5 Bath
|
904 ft²
|
$2,595,000
1 Bed
1.5 Bath
904 ft²
|
-
-
|
-
|
Christopher Leavitt
Douglas Elliman Real Estate
|
|
05/02/2011
|
Studio
|
1 Bath
|
580 ft²
|
$1,145,000
Studio
1 Bath
580 ft²
|
-
-
|
-
|
Rosemarie Markgraf
Markgraf Group, Ltd.
|
Building Info
The Plaza Hotel
768 5th Avenue, New York, NY 10019
- 447 Units
- 3 Units for Sale
About Midtown Manhattan
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$8,950,000
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$7,995,000
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