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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Building Features 21 Floors182 Units

full time doorman
pet friendly
View all 9 building features

Unit Features

Exposures: East
Pet Policy: UnitNo,BuildingNo

$4,750,000 / $3,194 per ft²

$200,000  -  53 days ago

Listed on Sep 07, 2021

340 Days on Market

Not updated in 53 days

2 Beds / 2.0 Baths / 1,487 ft²

Total Monthly expenses: $21,657

Maintenance: $18,131 / R.E. Taxes $3,526

Exclusively listed with: Brown Harris Stevens Residential Sales LLC Source: RLS

Douglas Russell

(212) 906-9247

Listing Courtesy of Brown Harris Stevens Residential Sales LLC View Listing

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