The Plaza (1 Central Park South / 768 Fifth Avenue)
1 Central Park South / 768 Fifth Avenue, New York, NY 10019
BBL 1012747504 · BIN 1035253
- Year built
- 1907
- Type
- Condominium
- Units
- 181
- Floors
- 21
- Landmark
- Designated
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,421
- Listing discount
- 8.6%
- Recorded sales
- 540
- On record
- 2007–2026
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A Private Pricing Opinion — what your apartment at The 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.
The Plaza at 1 Central Park South / 768 Fifth Avenue is one of the most architecturally and culturally consequential addresses in New York City — a 1907 Henry Janeway Hardenbergh French Renaissance château that has anchored the southeast corner of Central Park for nearly 120 years and that, since the 2008 partial conversion under El Ad Properties, has accommodated 181 condominium residences alongside the continuing Plaza Hotel program. The combination is unusual at this scale: most Manhattan trophy condominiums occupy purpose-built modern towers; The Plaza occupies a Gilded Age landmark that pre-dates the Manhattan apartment-building tradition itself.
Hardenbergh's design — marble base, white brick upper stories, mansard roof — was commissioned at a moment when the corner of Fifth and 59th was being deliberately developed as the city's most theatrical hotel address. The result was the most architecturally ambitious hotel ever built in New York at the time of completion and has remained, by most accountings, the most globally recognizable. The cultural register the building carries is something no purely-residential building in Manhattan can match: the Palm Court, the Oak Bar, the Grand Ballroom, the Plaza facade as it appears in Eloise, Home Alone 2, The Great Gatsby, North by Northwest, and a long catalog of additional cultural references. Owning a residence at The Plaza is owning a unit in an actively-functioning American cultural monument.
The 2008 condominium conversion is the building's defining modern feature. El Ad Properties acquired the hotel in 2004 and invested approximately $450 million in restoration and conversion. The plan preserved the landmarked exterior and the major public interiors (Palm Court, Oak Bar / Oak Room, Grand Ballroom, Edwardian Room — all individually designated interior landmarks) while creating 181 condominium residences in the building's north and east wings. The condominium residences have their own entrance on Central Park South — distinct from the hotel's Fifth Avenue lobby — and operate as a typical luxury Manhattan condominium with full-time doorman, concierge, and the unusual feature of integrated access to the Plaza Hotel's full service infrastructure.
For buyers, The Plaza represents a position in the Manhattan trophy market that has no direct comparable. The closest peers structurally are the other mixed-use trophy hotel-residences (The Pierre at 795 Fifth, The Sherry-Netherland at 781 Fifth, The Carlyle at 35 East 76th), but The Plaza's scale, cultural register, and Central Park South positioning differentiate it from all of them. The buyer profile is global; the price points span a wide range (from studio configurations to multi-floor penthouses); the residency posture varies from full-time New Yorkers to globally mobile buyers who maintain The Plaza as one of several primary residences.
Architecture and unit composition
The 181 condominium residences span configurations from approximately 600 sf studios to multi-floor penthouses exceeding 7,000 sf. The distribution skews toward smaller configurations (the building's north and east wings produced compact apartment plates given the constraints of working within a 1907 hotel envelope); the largest configurations are concentrated in the upper-floor penthouses and combinations.
Hardenbergh's 1907 architectural detail has been preserved throughout the residential portion to the extent feasible within the conversion: parquet floors, original molding profiles where retained, stone counters in renovated kitchens and bathrooms, high ceilings characteristic of pre-war hotel construction. The 2008 conversion added modern building systems (HVAC, plumbing, electrical) while preserving the architectural surfaces and detail.
Central Park views are available from the building's north flank apartments — direct sight lines across Central Park's southern boundary to the Park itself, Wollman Rink in the foreground, and the Manhattan skyline beyond on the far side. East-facing apartments look across Fifth Avenue and Grand Army Plaza to the Plaza fountain and the buildings of upper Fifth. View permanence is essentially absolute — the Grand Army Plaza ensemble has been stable for over a century and is protected by multiple landmark designations.
Building operations
The Plaza residences operate as a luxury condominium with full-time doorman (Central Park South residential entrance), 24-hour concierge, valet service, and integrated access to the Plaza Hotel's broader service infrastructure on an a la carte basis. Residents can order room service from the hotel kitchen, book Plaza Hotel events spaces, dine at the Palm Court / Oak Room / Rose Club, and use hotel fitness and spa facilities.
The mixed-use program produces both advantages and complexities. Advantages: hospitality-grade service infrastructure, dining and entertainment within the building, the cultural cachet of the Plaza brand. Complexities: hotel guest activity in shared circulation, the visibility that comes with the building's profile, ongoing renegotiation of the boundary between residential and hotel use as the building has evolved post-2008.
Specific condominium policies (financing posture beyond standard condo flexibility, common charges and property tax tiers, any building-specific assessments) should be confirmed directly with property management during due diligence. Condominium structures generally permit financing freely and accommodate foreign buyers, pied-à-terre use, and subletting under the declaration — The Plaza's specifics should be confirmed at the apartment level.
Local Law 97
- 2024–2029 annual penalty
- $560,096/yr
- 2030–2034 annual penalty
- $1,214,677/yr
- Per unit / month range
- $286 – $621
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 Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture 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 2025–30. 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
The Plaza's recorded turnover is structurally thin: the 2007–2008 condo conversion created 152 residential condos within the historic 1907 hotel, and a meaningful share of subsequent transactions have closed off-market. Full-floor combinations at the top of the building still clear through discreet channels, while on the marketed side a corner combination traded well below its earlier peak ask, illustrating the Plaza's "trophy-but-illiquid" corner-unit profile. Conversion-era resales capture the broader pattern: the Plaza's original-buyer cohort has rarely realized per-foot growth since the conversion, with off-market combinations and corner-tier inventory carrying the building's recorded pricing.
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Apr 7, 2026 | 1513 | 2 BR · 2.5 BA · 2,285 sf Closed April 7, 2026 at $5.5M. Two-bedroom mid-floor; public listing data-confirmed contract price. | $5,500,000 | $2,407/sf | off-mkt |
| Apr 7, 2026 | 1013 | 2 BR · 2.5 BA · 2,418 sf Closed March 27, 2026 at $6.9M — 18.82% under the $8.5M asking price. Among the largest 2026-era discounts on a Plaza mid-floor two-bedroom. | $6,900,000 | $2,854/sf | -18.8% |
| Mar 26, 2026 | 1527 | 1 BR · 1 BA · 698 sf Closed March 30, 2026 at $1.495M. House one-bedroom; public listing data-confirmed. | $1,540,223 | $2,207/sf | +6.2% |
| Feb 2, 2026 | 1807 | 1 BR · 1.5 BA · 1,390 sf Closed February 2, 2026 at $3.365M — 15.77% under the $3.995M asking price. Mid-floor House configuration. | $3,365,000 | $2,421/sf | -15.8% |
| Feb 4, 2026 | 1513 | 2 BR · 2.5 BA · 2,285 sf | $5,250,000 | $2,298/sf | -4.5% |
| Jan 30, 2026 | 1621 | 1 BR · 1.5 BA · 902 sf Closed January 23, 2026 at $2.9M — full asking price. Tight ask-to-close on a House one-bedroom. | $2,900,000 | $3,215/sf | +0.0% |
| Feb 6, 2026 | 1907 | 2 BR · 2 BA · 1,378 sf Closed January 21, 2026 (public listing data date Feb 7) at $4.999M — 15.27% under the $5.9M asking price. The deep modern discount-to-ask range remains the Plaza pattern. | $4,999,000 | $3,628/sf | -15.3% |
| Sep 23, 2025 | 10071009 | 5 BR · 3.5 BA · 5,302 sf | $23,000,000 | $4,338/sf | -8.0% |
Market read. Most recent trades (2026) cleared a median $2,421/sf across 7 sales. Median listing discount 8.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Dec 7, 2016 | P2040 | $7,370,000 |
| Feb 13, 2014 | 1136 | $1,143,808 |
| Jun 25, 2013 | 902 | $3,250,000 |
| Oct 6, 2010 | 1723 | $6,545,000 |
| Nov 25, 2009 | 411 | $6,000,000 |
| Nov 24, 2008 | PH2001 | $31,000,000 |
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 1-01274-1339) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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 $3.68M (24 sales since 2024), a buyer putting 25% down would pay about $153,688 to close, or 4.2% of the price.
- Mansion tax: $55,200
- Mortgage recording tax: $53,130
- Title insurance: $16,560
- Attorneys, lender, building fees, reserves and filings: $28,798
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
Understand the mixed-use program. Buyers acquire a condominium residence in an actively-functioning luxury hotel. Hotel guest activity in shared spaces is part of the daily-life signature. Buyers who want strict residential privacy may prefer purpose-built modern condominiums (220 CPS, 432 Park, Central Park Tower); buyers who value hotel service integration and the cultural register find The Plaza uniquely positioned.
The 181 residences are not interchangeable. Configurations vary substantially — north-facing Park-view apartments differ from east-facing Grand Army Plaza views, which differ from interior-facing apartments. View, exposure, floor altitude, and renovation history all drive pricing differentiation. View apartments in person.
The hotel services are a la carte. Residents can use Plaza Hotel services but pay separately. Model anticipated service use into the carrying budget alongside standard common charges and property taxes.
Condo flexibility is real. 30–45 day closings; foreign buyers welcome; pied-à-terre and investment use permitted under the declaration; subletting allowed. Confirm any specific restrictions during the contract review process.
Cultural visibility is a feature and a complication. The Plaza is a global tourist destination. Buyers who want anonymity should look elsewhere; buyers who value being part of an active cultural monument will respond.
Mansion tax cliff effects apply at higher price points. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Marketing requires global reach. The buyer pool is international. The Plaza's brand recognition produces inbound interest from global wealth centers; access to international broker networks complements public listing channels.
Pricing requires apartment-level context. The building's heterogeneity is substantial; comparable analysis should account for view, exposure, floor altitude, configuration, and the specific apartment's renovation history.
The cultural register is a marketing asset. Listing copy should reference the Hardenbergh architecture, the 2008 El Ad restoration, and the Plaza's cultural significance — these are differentiators that drive both interest and pricing.
Closing timelines are condo-fast. 30–45 days from contract signing to closing.
Comparable buildings
If you're considering The Plaza, also evaluate:
- The Pierre (795 Fifth Avenue) — comparable Fifth Avenue trophy hotel-residence
- The Sherry-Netherland (781 Fifth Avenue) — comparable mixed-use trophy
- The Carlyle (35 East 76th) — Upper East Side trophy hotel-cooperative
- 220 Central Park South — purpose-built modern supertall, pure residential
- One57 — Billionaires' Row supertall with Park Hyatt hotel base
- 740 Park Avenue — pure-residential Gold Coast tier-one (for buyers comparing The Plaza's program against pure-residential alternatives)
More Central Park South buildings
- 50 Central Park South (Ritz-Carlton Residences) — condominium
- 58 West 58th Street (Tower 58) — 1969 condominium
- 100 Central Park South (Trump Parc East) — 1918 condominium
- 100 West 58th Street — 1926 condominium
- 106 Central Park South (Trump Parc) — 1930 condominium
- 111 West 56th Street (ONE11 Residences) — 1981 condominium by Philip Birnbaum & Associates
The neighborhood
For the full corridor — architecture, transit, and pricing across Central Park South — read The Roebling Team Guide to Central Park South.
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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