- Year built
- 1926
- Type
- Condominium
- Units
- 445
- Floors
- 20
- Landmark
- No
- Amenities
- Full-time doorman and concierge, full-service parking garage, fitness / health club, residents' lounge, and outdoor entertainment / terrace space; terraces and balconies on many units — confirm the current amenity roster and hours with the managing agent
- Pets
- Confirm current pet policy with the managing agent
- Flip tax
- Not documented — verify against the by-laws at offer stage
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,133
- Listing discount
- 2.6%
- Recorded sales
- 436
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Executive Plaza would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Executive Plaza is one of Midtown's most distinctive condominium conversions: a full-block pre-war hotel — the 1926 Hotel Manger, later the Hotel Taft — reborn in the mid-1980s as a large residential condominium sitting directly on Seventh Avenue between West 50th and West 51st Streets. The building carries the mass, ceiling heights, and central location of a landmark-era Times Square hotel, with the flexibility and per-foot value of a converted condominium rather than a new-construction trophy tower.
The thesis here is scale and location at an accessible per-foot. With roughly 445 residences, Executive Plaza is one of the larger condominiums in the corridor, and its full-service operation — doorman, concierge, garage, and fitness — is spread across a large owner base, which historically supports competitive common charges relative to boutique buildings. For buyers who prioritize a Midtown address a short walk from Central Park's southern approach, Rockefeller Center, and the Theater District over the finishes of a 2020s tower, the value equation is real.
Architecture and unit composition
The building is a full-block pre-war masonry structure in a Spanish Renaissance idiom, originally designed by H. Craig Severance and opened in 1926 as one of the largest hotels in the Times Square area. The 1984–1986 conversion, carried out by Wechsler, Grasso & Menziuso for the Taft Partners Development Group, reworked the upper floors into residential condominium apartments while a portion of the building continues to operate as The Michelangelo hotel and the base carries commercial and retail units.
The residences span a wide range of layouts, and — as with any large hotel-to-residential conversion — floor plans, ceiling heights, light, and finish level vary substantially line to line and floor to floor. Many units carry terraces or balconies. Renovation quality varies unit by unit; underwrite each apartment on its own merits.
Building operations
Executive Plaza runs as a full-service condominium: full-time doorman and concierge, a full-service parking garage, a fitness / health club, a residents' lounge, and outdoor entertainment space. Because building services are carried across a large residential base, common charges have historically been competitive for a full-service Midtown building — confirm the current figures, the amenity roster, and house rules against the offering plan on file in The Roebling Research Library. The shared identity with an operating hotel and ground-floor commercial tenancy is part of the building's character; understand the interface before you buy.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $353,226/yr
- Per unit / month range
- $0 – $66
- Modeled exposure split equally across 445 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
Executive Plaza trades in the accessible-to-mid band of the Midtown West condominium market, with pricing per square foot generally below the new-construction towers of the corridor and the Central Park-front trophy market to the north. The building's scale means inventory turns with some regularity, and the per-foot spread within the building is wide — driven by floor, exposure, terrace or balcony, and renovation condition. Apartment-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence. Treat any specific financial figure as indicative until verified at offer stage.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 23, 2026 | 2116 | 3 BR · 2 BA · 1,500 sf | $1,250,000 | $833/sf | -10.7% |
| Sep 16, 2026 | 1919 | 1 BR · 1 BA · 550 sf | $750,000 | $1,364/sf | -7.4% |
| Aug 3, 2026 | 816 | 1 BR · 1 BA · 525 sf | $720,000 | $1,371/sf | -4.0% |
| Jun 22, 2026 | 1623 | 2 BR · 1 BA · 850 sf | $845,000 | $994/sf | -3.4% |
| Jun 18, 2026 | 1927A | 1 BA · 200 sf | $367,500 | $1,838/sf | -7.9% |
| Jun 9, 2026 | 2120 | 543 sf | $615,000 | $1,133/sf | off-mkt |
| May 15, 2026 | 1918 | 1 BR · 1 BA · 715 sf | $795,000 | $1,112/sf | -2.5% |
| May 14, 2026 | 149 | 524 sf | $650,000 | $1,240/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $1,133/sf (recorded) across 13 sales. Median listing discount 2.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01003-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
At the recent median sale of $700K (35 sales since 2024), a buyer putting 25% down would pay about $27,951 to close, or 4.0% of the price.
- Mansion tax: $0
- Mortgage recording tax: $10,106
- Title insurance: $3,150
- Attorneys, lender, building fees, reserves and filings: $14,695
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Underwrite the conversion honestly. This is a 1926 hotel converted to condominium in the mid-1980s. Ceiling heights, layouts, window lines, and mechanical systems reflect that history — walk the specific unit and confirm its condition rather than relying on building-wide generalizations.
Confirm the exposure and the terrace. Light, view, and outdoor space vary widely by floor and orientation on a full-block Midtown site. A terrace or balcony materially affects value here.
Understand the mixed-use building. A portion of the building operates as a hotel and the base carries commercial tenancy. Confirm how the residential condominium interfaces with the hotel and retail components — access, security, and cost allocation.
Model the full carry. Common charges plus property taxes plus utilities and insurance — run the complete monthly number, and verify the tax treatment for a converted condominium unit at offer stage.
What to know if you’re selling
Lead with location and value. A full-service Midtown condominium a short walk from Central Park's southern approach, Rockefeller Center, and the Theater District, at a per-foot below new construction, is a clear pitch.
Position against the corridor, not the trophy market. Your comparable set is the surrounding Midtown West condominiums, not the Central Park-front towers.
Terrace, floor, and condition carry the premium. Outdoor space, height, exposure, and renovation quality drive the per-foot spread within a building this large.
Closing timelines are condo-fast. 30 to 45 days from contract to closing.
Comparable buildings
- 135 West 52nd Street — nearby Midtown West condominium
- 159 West 53rd Street — nearby Midtown West condominium
- 301 West 57th Street — full-service condominium near Columbus Circle
- 347 West 57th Street — nearby West 57th Street condominium
- 555 West 59th Street (The Element) — amenity-rich condominium near Columbus Circle
More Chelsea buildings
- 550 West 29th Street — condominium by Hill West Architects
- 551 West 21st Street — 2015 condominium by Foster + Partners
- 555 West 23rd Street (555W23) — 2005 condominium by Stephen B. Jacobs Group
- The Cortland, 555 West 22nd Street — 2022 condominium
- Five Sixty, 560 West 24th Street — 2013 condominium
- 655 Sixth Avenue (The O'Neill Building) — 1887 condominium by CetraRuddy Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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