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Map
$20,500,000
●
Co-op -
Off Market
795 5TH AVE #2204
Manhattan, NY 10065
4 Beds
4.5 Baths
$117,897
Estimated Monthly
$17,238
HOA / Fees
-0.25%
Cap Rate
About This Property
ARCHITECTURE AND PROVENANCE
Chicago-born architect Leonard Schultze co-founded his architectural firm with partner S. Fullerton Weaver in 1921. Weaver, a protg of Franco-American architect Emmanual Louis Masqueray, alongside Schultze, a twenty-year employee of Warren and Wetmore, would go on to create some of the most architecturally significant hotels in the United States. Their first major commission came from John Bowman to design his Biltmore Hotels, most famous of which is their Coral Gables Biltmore Hotel. Later they would design The Breakers in Palm Beach.
Where they made their mark was in the design of New York's most illustrious hotels, including: The Sherry-Netherland, The Waldorf-Astoria which at the time of completion in 1931 was the world's largest hotel with 2,200 rooms, The Lexington Hotel, a resdesign of the Grand Ballroom at The Plaza in 1929 - and the illustrious Pierre Hotel.
Standing 525 feet tall, The Pierre Hotel opened in October 1930 to great fanfare. Built on the site of the former Gerry Mansion, the hotel cost $15 million to build, a staggering sum for the time, the building later sold 75 apartments to a cooperative in 1959 while the owner of the Pierre, J. Paul Getty, retained control of the hotel services and guest rooms. Now owned and operated by Taj Hotels Resorts and Palaces, coop owners today enjoy the benefits of five-star hotel services within an historic tower at arguably one of New York's finest locations.
THE RESIDENCE
Enjoying north, south, east and western exposures, this four-bedroom residence offers an extraordinary amount of public and private living spaces, destined to suit the needs of any living arrangement. A grand living room faces west and north onto Central Park, flooding the main entertaining space with sunlight. With a combined expanse of over 46 feet, the living room opens to the dining room with north-facing windows, and the nearby kitchen with concealed china storage cabinets. The entire expanse from west to east stretches approximately 106 linear feet.
The master bedroom suite also overlooks Central Park. There are three additional bedrooms arranged enfilade with en-suite baths culminating in a corner bedroom facing north and east. The apartment features a second living and dining room with east and south windows facing onto the GM building and The Plaza Hotel. There is a second kitchen off the dining room with a door leading to the service entry and a second powder room adjacent to the living room.
Branching out to nearly all rooms of this residence, the entry hall leads to coat closets, a security room, a powder room, access to the kitchen, main living room, bedroom suites, and the rear living room which includes views of the GM building and The Plaza Hotel.
Exquisite renovation, extraordinary light and elegant arrangement of space for comfort and privacy: all are here in a gracious and serene home.
Chicago-born architect Leonard Schultze co-founded his architectural firm with partner S. Fullerton Weaver in 1921. Weaver, a protg of Franco-American architect Emmanual Louis Masqueray, alongside Schultze, a twenty-year employee of Warren and Wetmore, would go on to create some of the most architecturally significant hotels in the United States. Their first major commission came from John Bowman to design his Biltmore Hotels, most famous of which is their Coral Gables Biltmore Hotel. Later they would design The Breakers in Palm Beach.
Where they made their mark was in the design of New York's most illustrious hotels, including: The Sherry-Netherland, The Waldorf-Astoria which at the time of completion in 1931 was the world's largest hotel with 2,200 rooms, The Lexington Hotel, a resdesign of the Grand Ballroom at The Plaza in 1929 - and the illustrious Pierre Hotel.
Standing 525 feet tall, The Pierre Hotel opened in October 1930 to great fanfare. Built on the site of the former Gerry Mansion, the hotel cost $15 million to build, a staggering sum for the time, the building later sold 75 apartments to a cooperative in 1959 while the owner of the Pierre, J. Paul Getty, retained control of the hotel services and guest rooms. Now owned and operated by Taj Hotels Resorts and Palaces, coop owners today enjoy the benefits of five-star hotel services within an historic tower at arguably one of New York's finest locations.
THE RESIDENCE
Enjoying north, south, east and western exposures, this four-bedroom residence offers an extraordinary amount of public and private living spaces, destined to suit the needs of any living arrangement. A grand living room faces west and north onto Central Park, flooding the main entertaining space with sunlight. With a combined expanse of over 46 feet, the living room opens to the dining room with north-facing windows, and the nearby kitchen with concealed china storage cabinets. The entire expanse from west to east stretches approximately 106 linear feet.
The master bedroom suite also overlooks Central Park. There are three additional bedrooms arranged enfilade with en-suite baths culminating in a corner bedroom facing north and east. The apartment features a second living and dining room with east and south windows facing onto the GM building and The Plaza Hotel. There is a second kitchen off the dining room with a door leading to the service entry and a second powder room adjacent to the living room.
Branching out to nearly all rooms of this residence, the entry hall leads to coat closets, a security room, a powder room, access to the kitchen, main living room, bedroom suites, and the rear living room which includes views of the GM building and The Plaza Hotel.
Exquisite renovation, extraordinary light and elegant arrangement of space for comfort and privacy: all are here in a gracious and serene home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$17,238
Year Built
1930
Last updated: 5 months ago ( #RPLU-21910146629)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 18, 2018 | No longer available | - | |
No longer available | |||
May 19, 2014 | Listed by Brown Harris Stevens Residential Sales LLC | $33,000,000 | |
Listed by Brown Harris Stevens Residential Sales LLC |
Property Highlights
Doorman
Elevator
Garage
Interior Details
Room Information
Rooms: 8
Exterior Details
Property Information
Property Condition: Good
PropertySubType: Apartment
Building Information
Building Name: PIERRE HOTEL
Stories (Total): 43
Financial Details
Flip Tax Remarks: 2% PAID BY PURCHASER
Tax Deduction Percent: 42
Location Details
Association Fee: $17,238
Community Features: Health Club
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
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
4
Beds
5
Baths
4,283 ft²
$4,635/ft²
$19,850,000
Feb 11, 2015
$19,850,000
May 15, 2015
$10,962/mo
Sold
Condo
4
Beds
5
Baths
4,628 ft²
$4,213/ft²
$19,500,000
Dec 24, 2020
$19,500,000
Oct 14, 2021
$25,620/mo
Co-op
4
Beds
4
Baths
-
$22,000,000
Apr 20, 2018
$22,000,000
Dec 27, 2018
$13,445/mo
Sold
Condo
4
Beds
5
Baths
4,400 ft²
$4,841/ft²
$21,300,000
Mar 7, 2016
$21,300,000
Mar 7, 2016
$16,440/mo
Co-op
4
Beds
4
Baths
-
$22,000,000
Mar 19, 2018
$22,000,000
Dec 31, 2018
$13,445/mo
Condo
4
Beds
5
Baths
4,299 ft²
$4,187/ft²
$18,000,000
Feb 17, 2021
$18,000,000
Sep 1, 2021
$14,183/mo
Active
Condo
4
Beds
5
Baths
5,000 ft²
$4,400/ft²
$22,000,000
Jan 7, 2022
-
$23,849/mo
Active
Condo
4
Beds
5
Baths
4,628 ft²
$4,862/ft²
$22,500,000
Aug 12, 2022
-
$23,633/mo
Active
Condo
4
Beds
6
Baths
4,613 ft²
$4,010/ft²
$18,500,000
Feb 28, 2023
-
$23,203/mo
Active
Condo
4
Beds
5
Baths
4,003 ft²
$4,622/ft²
$18,500,000
May 4, 2022
-
$19,727/mo
Active
Condo
4
Beds
4
Baths
5,450 ft²
$4,404/ft²
$24,000,000
Aug 8, 2022
-
$17,896/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/21/2023
|
|
Loft
|
3 Bath
|
-
|
$10,250,000
Loft
3 Bath
|
-
-
|
-
|
Noel Berk
Engel & Volkers New York Real Estate LLC
|
02/20/2023
|
3 Bed
|
3 Bath
|
-
|
$10,250,000
3 Bed
3 Bath
|
$9,800,000
-4.39%
11/14/2023
|
-
|
Elizabeth Omedes
Engel & Volkers New York Real Estate LLC
|
|
09/30/2022
|
1 Bed
|
2 Bath
|
-
|
$3,500,000
1 Bed
2 Bath
|
$3,600,000
+2.86%
12/01/2023
|
-
|
Eva Mohr
Sothebys International Realty
|
|
03/04/2022
|
1 Bed
|
1 Bath
|
-
|
$1,775,000
1 Bed
1 Bath
|
$1,550,000
-12.68%
03/06/2024
|
-
|
Michael Soheil
Corcoran Group
|
|
05/03/2021
|
1 Bed
|
2 Bath
|
-
|
$2,950,000
1 Bed
2 Bath
|
$2,200,000
-25.42%
09/22/2022
|
-
|
Marcy Grau
Compass
|
|
02/27/2021
|
2 Bed
|
2 Bath
|
-
|
$7,900,000
2 Bed
2 Bath
|
$5,560,000
-29.62%
01/06/2022
|
Andres Perea
Corcoran Group
|
||
12/22/2020
|
2 Bed
|
2 Bath
|
-
|
$2,995,000
2 Bed
2 Bath
|
$2,087,118
-30.31%
02/14/2023
|
-
|
Harriet Kaufman
Warburg Realty Partnership Ltd.
|
|
09/29/2020
|
3 Bed
|
4 Bath
|
-
|
$6,995,000
3 Bed
4 Bath
|
$5,250,000
-24.95%
12/13/2021
|
-
|
Serena Boardman
Sotheby's International Realty, Inc.
|
|
04/15/2020
|
3 Bed
|
4 Bath
|
3000 ft²
|
$14,950,000
3 Bed
4 Bath
3000 ft²
|
$11,333,300
-24.19%
03/26/2021
|
Chris Fry
Elegran LLC
|
||
05/30/2019
|
3 Bed
|
4 Bath
|
3317 ft²
|
$14,500,000
3 Bed
4 Bath
3317 ft²
|
$12,000,000
-17.24%
12/17/2019
|
-
|
Carrie Chiang
The Corcoran Group
|
|
05/14/2018
|
4 Bed
|
5 Bath
|
-
|
$22,500,000
4 Bed
5 Bath
|
$14,000,000
-37.78%
11/15/2018
|
-
|
John Burger
Brown Harris Stevens
|
|
01/02/2018
|
3 Bed
|
4 Bath
|
-
|
$9,500,000
3 Bed
4 Bath
|
-
-
|
-
|
Nikki Field
Sothebys International Realty
|
|
09/20/2017
|
2 Bed
|
2 Bath
|
-
|
$2,900,000
2 Bed
2 Bath
|
$1,800,000
-37.93%
01/29/2019
|
-
|
Merrill Curtis
Sotheby's International Realty, Inc.
|
|
07/18/2017
|
2 Bed
|
2 Bath
|
-
|
$4,795,000
2 Bed
2 Bath
|
-
-
|
-
|
Mary Anne Fusco
Elliman
|
|
03/13/2017
|
2 Bed
|
3 Bath
|
-
|
$18,000,000
2 Bed
3 Bath
|
-
-
|
-
|
Paula Delnunzio
Brown Harris Stevens Residential Sales LLC
|
|
02/23/2017
|
2 Bed
|
2 Bath
|
-
|
$5,995,000
2 Bed
2 Bath
|
-
-
|
-
|
Inez Wade
Corcoran Group
|
|
04/18/2016
|
2 Bed
|
2 Bath
|
-
|
$6,495,000
2 Bed
2 Bath
|
-
-
|
-
|
Burt Savitsky
Brown Harris Stevens Residential Sales LLC
|
|
11/20/2015
|
4 Bed
|
4.5 Bath
|
-
|
$70,000,000
4 Bed
4.5 Bath
|
-
-
|
-
|
Serena Boardman
Sotheby's International Realty, Inc.
|
|
11/03/2015
|
2 Bed
|
2 Bath
|
-
|
$4,600,000
2 Bed
2 Bath
|
$4,200,000
-8.70%
02/05/2021
|
-
|
Emmanuelle Ritchie
Sotheby's International Realty, Inc.
|
|
05/19/2015
|
2 Bed
|
2 Bath
|
-
|
$7,200,000
2 Bed
2 Bath
|
-
-
|
-
|
Burt Savitsky
Brown Harris Stevens Residential Sales LLC
|
|
05/05/2015
|
4 Bed
|
4.5 Bath
|
-
|
$25,900,000
4 Bed
4.5 Bath
|
$22,900,000
-11.58%
02/05/2021
|
-
|
Serena Boardman
Sotheby's International Realty, Inc.
|
|
01/28/2015
|
5 Bed
|
7 Bath
|
-
|
$63,000,000
5 Bed
7 Bath
|
$44,000,000
-30.16%
08/02/2017
|
-
|
Leslie Coleman
Brown Harris Stevens Residential Sales LLC
|
|
04/08/2014
|
3 Bed
|
3.5 Bath
|
-
|
$18,250,000
3 Bed
3.5 Bath
|
-
-
|
-
|
Martha Kramer
Brown Harris Stevens
|
|
05/30/2014
|
1 Bed
|
1 Bath
|
-
|
$2,100,000
1 Bed
1 Bath
|
$1,700,000
-19.05%
02/05/2021
|
-
|
Deborah Kallop
Brown Harris Stevens Residential Sales LLC
|
|
05/19/2014
|
4 Bed
|
4.5 Bath
|
-
|
$33,000,000
4 Bed
4.5 Bath
|
-
-
|
-
|
Paula Delnunzio
Brown Harris Stevens Residential Sales LLC
|
|
05/14/2014
|
2 Bed
|
2 Bath
|
-
|
$9,900,000
2 Bed
2 Bath
|
$9,900,000
09/20/2014
|
-
|
Joy Wayne
Elliman
|
|
05/01/2014
|
1 Bed
|
1.5 Bath
|
-
|
$2,900,000
1 Bed
1.5 Bath
|
$3,000,000
+3.45%
02/05/2021
|
-
|
Leeann Jaffee
Stribling & Associates
|
|
02/12/2014
|
2 Bed
|
2 Bath
|
-
|
$4,200,000
2 Bed
2 Bath
|
$3,900,000
-7.14%
05/28/2014
|
Eva Mohr
Sothebys International Realty
|
||
01/06/2014
|
3 Bed
|
2 Bath
|
-
|
$7,475,000
3 Bed
2 Bath
|
$1
-100.00%
10/01/2015
|
-
|
Marlene Marcus
Brown Harris Stevens Residential Sales LLC
|
|
01/06/2014
|
4 Bed
|
3 Bath
|
-
|
$7,995,000
4 Bed
3 Bath
|
$7,770,000
-2.81%
02/05/2021
|
-
|
Marlene Marcus
Brown Harris Stevens Residential Sales LLC
|
|
09/21/2013
|
3 Bed
|
4 Bath
|
-
|
$13,500,000
3 Bed
4 Bath
|
-
-
|
-
|
Rebecca Steindecker
Douglas Elliman Real Estate
|
|
05/08/2013
|
2 Bed
|
2 Bath
|
-
|
$6,500,000
2 Bed
2 Bath
|
-
-
|
-
|
John Burger
Brown Harris Stevens
|
|
04/02/2013
|
5 Bed
|
6 Bath
|
-
|
$95,000,000
5 Bed
6 Bath
|
-
-
|
-
|
Elizabeth Sample
Sothebys International Realty
|
|
04/01/2013
|
4 Bed
|
4.5 Bath
|
5000 ft²
|
$27,000,000
4 Bed
4.5 Bath
5000 ft²
|
-
-
|
-
|
Richard Steinberg
Prudential Douglas Elliman Real Estate
|
|
12/06/2012
|
2 Bed
|
2 Bath
|
-
|
$8,500,000
2 Bed
2 Bath
|
-
-
|
-
|
Cornelia Eland
Compass
|
|
10/10/2012
|
1 Bed
|
1 Bath
|
-
|
$2,750,000
1 Bed
1 Bath
|
-
06/27/2013
|
Marlene Marcus
Brown Harris Stevens Residential Sales LLC
|
||
09/02/2010
|
4 Bed
|
3 Bath
|
-
|
$11,900,000
4 Bed
3 Bath
|
$10,000,000
-15.97%
03/27/2014
|
-
|
Anne Easton
Douglas Elliman Real Estate
|
|
07/25/2007
|
2 Bed
|
2 Bath
|
-
|
$7,995,000
2 Bed
2 Bath
|
$7,600,000
-4.94%
11/15/2007
|
Nancy Candib
Brown Harris Stevens Residential Sales LLC
|