Updated 4 years ago
Sold
The Plaza, Hotel Residences
768 Fifth Ave, 1940
Midtown West, Manhattan | West 58th Street & West 59th Street
3 Rooms1 Bed1.5 Baths941 Square FeetCondo
$2,950,000
Common Charges$9,562
RE Taxes$2,453
Price Per SF
$3,135
Listing Features
- Abundant Closets
- Corner Apartment
- Entry Foyer
- French Doors
- Original Details
- Walk-in Closet
- Wet Bar
- New Windows
- Adjoining Pantry
- Dishwasher
- En Suite Bathroom
- Marble Bathroom
- Powder Room
- Stall Shower
Outdoor space and views
- Park Views
- Partial City
Building Amenities
- Full Service
- Elevator
- Housekeeping
- WiFi
Policies
- No Pets
- Pieds A Terre Ok
Property Description for 768 Fifth Ave, 1940
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 nearly 5%). 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.
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.
Listing History for 768 Fifth Ave, 1940
Now
10/25/2022
$2,950,000
Sold and Closed by Douglas S. Russell
Brown Harris Stevens
2022
Building Details for 768 Fifth Ave
OwnershipCondo
Building TypeHotel
Service LevelFull Service
AgePre-War
AccessElevator
Year Built1907
Floors/Apts20/282
Transit and Citi Bike
Subway
5 Av/59 St
0.06 miles
57 St
0.21 miles
5 Av/53 St
0.27 miles
59 St
0.3 miles
Lexington Av/59 St
0.34 miles
Citi Bike
Central Park S & Grand Army Plaza
0.05 miles
E 58 St & Madison Ave
0.09 miles
Midtown West | Manhattan
Quick Profile
People, yellow cabs, bright lights, big crowds, 24-hour eateries and just about every type of store imaginable. it’s a frenetic buzz that only a few places on the globe can offer. And that’s just one part of it. Midtown West is the birthplace of hustle and bustle and it’s bordered by 42nd to the south, 59th Street to the north, 8th Avenue to the west, and 5th Avenue to the east.
Midtown West is not as residential as other neighborhoods in Manhattan. The bustling part of Midtown West is 42nd Street between Times Square and 8th Avenues where the retail and office space, theatres, and attractions are. No matter what time of day it is, you'll always find activity there.
Residential buildings lay near the western end of Midtown West beginning around 8th Avenue.
Location, location, location. Of all the neighborhoods and enclaves of Manhattan, Midtown West is perhaps the most commutable place to live, visit, or work. It contains one of the highest concentrations of subway lines in the Big Apple. A, C, E, N, Q, R, 1, 2, 3, and the 7 train. The transit system feeds the streets with commuters from everywhere. The Port Authority Bus Terminal and nearby Penn Station adds to the number of people that flood Midtown on any given day.
It’s one of the easiest places in all of Manhattan to navigate because it’s a true grid. Uptown, street numbers go up. Downtown, street numbers go down. It’s the same concept from east to west. You really can’t get lost in Midtown West.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1597966
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