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768 5TH Avenue , #1223

Manhattan, NY 10019
  • $4,750,000
  • STATUS: Active
  • ON SITE: 513 Days
  • MLS #: RPLU-21921187942
UPDATED: 67 min ago
$4,750,000
  • 2
    BEDS
  • 0
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,487
    SQFT
  • $3,194
    $/SQFT
Neighborhood:
Type:
Condo
County:
Area:

School Ratings & Info

Description

PLAZA HOTEL 2 BR CONDOTEL 2022 NET RETURN 7.6%Incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! Known as The Vanderbilt Suite, this stunning two bedroom condo hotel suite is over 1487 sq ft (138.14 sq m). This sprawling two bedroom corner unit offers beautiful views on to Fifth Avenue and an over-sized living room with an elegant separate dining area nestled into a beautiful rounded corner window. A fully outfitted butlers pantry and wet bar make this unit perfect for entertaining and the layout makes it feel like a real home. There is a perfectly placed second bathroom in the hallway which doubles as a powder room for guests and is located just across the second bedroom. The gorgeous master bedroom suite also has an over-sized spa-like bathroom featuring a custom claw foot bathtub, separate spa shower and a private WC. Exquisitely decorated in perfect Louis XV style and complete with two private owners closet. Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property. 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. With an excellent annual net return of more than 3% on average for (2017-2019 figures), this is an amazing investment opportunity and ideal pied-a-terre!Please call or email for further financial information. 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.

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2023-02-03T08:44:32.593.
www.teampaganogroup.com/homes/121199681
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768 5TH Avenue , #1223 Manhattan, NY 10019

  • Price: $4,750,000
  • Status: Active
  • On Site: 513 Days
  • Updated: 67 min ago
  • MLS #: RPLU-21921187942
2
Beds
2
Baths
0
½ Baths
0
Acres
1,487
SQFT
$3,194
$/SQFT
Neighborhood:
Middle East Side
County:
New York
Area:
Manhattan
Property Description
PLAZA HOTEL 2 BR CONDOTEL 2022 NET RETURN 7.6%Incredible opportunity to own a piece of New York City History in the Iconic Plaza Hotel! Known as The Vanderbilt Suite, this stunning two bedroom condo hotel suite is over 1487 sq ft (138.14 sq m). This sprawling two bedroom corner unit offers beautiful views on to Fifth Avenue and an over-sized living room with an elegant separate dining area nestled into a beautiful rounded corner window. A fully outfitted butlers pantry and wet bar make this unit perfect for entertaining and the layout makes it feel like a real home. There is a perfectly placed second bathroom in the hallway which doubles as a powder room for guests and is located just across the second bedroom. The gorgeous master bedroom suite also has an over-sized spa-like bathroom featuring a custom claw foot bathtub, separate spa shower and a private WC. Exquisitely decorated in perfect Louis XV style and complete with two private owners closet. Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property. 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. With an excellent annual net return of more than 3% on average for (2017-2019 figures), this is an amazing investment opportunity and ideal pied-a-terre!Please call or email for further financial information. 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.
Exterior Features

Architectural Style Prewar Garage YN No

Interior Features

Appliances Washerdryerallowed

Property Features

Building Name The Plaza Hotel Common Interest Condominium Cross Street Fifth/59Th New Construction YN No Pets Allowed BuildingnoNo Property Condition Goodcondition Property Sub Type Apartment Property Sub Type Additional Apartment Tax Annual Amount 42312

Listing information © 2023 REBNY Listing Service, Inc.
Listing provided courtesy of Brown Harris Stevens Residential Sales Llc: (212) 906-9234.


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2023-02-03T08:44:32.593.
 
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