<strong>2 BR Condotel 2022 net return 5.8% </strong><br><br>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!<br><br>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.
Property Details
Property Features
Property Information:
Living Area: 1,487 SqFt
Listing Office:
Office Name: Brown Harris Stevens Residential Sales LLC
Office Phone: (212) 906-9234
Listing Agent: Douglas Russell
Agent Phone: (212) 906-9247
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
View: City
Exterior: Building Courtyard, Building Roof Deck, None
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Price Information
Listing Price Info
Price Summary:
List Price: $4,995,000
Price Per SqFt: $3,359/SqFt
HOA Fees:
Amount: $24475
Frequency: Monthly
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 5/17/2024, 7:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
9
/10
PS 59 Beekman Hill International
231249 East 56th St
Distance between this listing and this school0.41 miles
Public District Grades KG-5
10
/10
East Side Elementray School-PS 267
213 E 63rd St
Distance between this listing and this school0.54 miles
Public District Grades PK-3
7
/10
PS 212 Midtown West
328 W 48th St
Distance between this listing and this school0.79 miles
Public District Grades KG-5
Nearby Schools
9
/10
Ella Baker School
317 E 67th St
Distance between this listing and this school0.76 miles
Public District Grades PK-8
6
/10
PS 111 Adolph S Ochs
440 W 53rd St
Distance between this listing and this school0.82 miles
Public District Grades PK-8
3
/10
PS 191 Amsterdam
210 W 61st St
Distance between this listing and this school0.87 miles
Public District Grades PK-8
Nearby Schools
6
/10
Art and Design High School
231249 East 56th St
Distance between this listing and this school0.41 miles
Public District Grades 9-12
3
/10
Jacqueline Kennedy-Onassis High School
120 W 46th St
Distance between this listing and this school0.67 miles
Public District Grades 9-12
2
/10
Urban Academy Laboratory High School
317 E 67th St
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $142,857. Typical income of New York, NY residents is $200k+ annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 768 5th Ave Unit 1623
What is the listing price of this property?
The listing price of 768 5th Ave Unit 1623 property is $4,995,000.
What type of property is this?
The property 768 5th Ave Unit 1623 is a condo located in New York City, New York, 10019.
Is this property for sale now?
Active Listing: 768 5th Ave Unit 1623 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 768 5th Ave Unit 1623 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 768 5th Ave Unit 1623 is 1,487 SqFt (source: MLS/tax record).
Interested in 768 5th Ave Unit 1623? Let's connect.
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This home is located at 768 5th Ave Unit 1623 in New York City, NY and zip code 10019 in the Midtown East neighborhood. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 17, 2021 and is currently priced at $4,995,000.
In April 2024 more than 168 listings in New York, NY were sold above the asking price. During the same period more than 758 listings were sold at asking price, while more than 748 were sold below. Between March 2024 and April 2024, New York, NY real estate market has seen increase in the number of listings by 3.8%. In April 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $849,191.
From Rocket Homes Real Estate and based on county public records data.
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