The Plaza Hotel

The Plaza Hotel is a condo located 768 5th Avenue, in Midtown, New York. The building was first built in 1907 and is 117 years old. It was first renovated and altered in 2005. The building is currently considered a landmark so make sure to check it out when you're in the area. The lot that the building was built on is 201 feet wide and 285 feet long. The official lot area is listed as 53,772 square feet. The building itself is 261 feet wide and 285 feet long. In total, 768 5th Avenue has a total floor area of 715,226 square feet. Of that, 356,791 square feet are used for residential purposes. About 125,112 square feet of the building are used for commercial purposes. There are a total of 447 units. Of those, 163 are residential units. There are 284 commercial units. 768 5th Avenue has a total of 19 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Alternatively, take a stroll around the building's courtyard. Both dogs and cats are allowed in the building! There are 477 closings on record, of which we have matching data for 25 listings. In the past 3 years, a listing in this building will typically remain on the market for about 160 days and tend to sell below the original asking price of $2,185,000 by 11.11%. Meaning, listings tend to sell at a median of $2,467 price per square foot. The transaction that took the longest to complete was unit 1139, listed on Feb 14, 2017 for $2,800,000. This particular unit ultimately sold 356 days later for $1,850,000. The most recent transaction was for unit 1521, sold for $2,500,000 on Dec 29, 2023. Fun fact, the oldest transaction we have on record took place on Aug 15, 1969. See the full transaction history for The Plaza Hotel below.

Midtown, where 768 5th Avenue is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,185,000. For interested buyers, that means the building's median asking price is around 1.91% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 5 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $4,995,000. It is a 1,487 sqft 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,000,000. It is a 606 sqft studio and 1 bathroom unit. A breakdown of active listings shows 3 studio, 1 one-bedroom, 1 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,450,000. Collectively, the median square footage of these active units for sale is 713 sqft. Active units for sale at 768 5th Avenue are mostly studio apartments and have a median count of 2 bathrooms.