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Condominium•Central Park South

1 CENTRAL Park #701, New York City, NY 10019

Listing Courtesy of Corcoran Group

$8,998,000

Potential Rebate: $134,970

Condominium

3 Beds

4 Baths

7 Rooms

2,656 sqft

Built 1907

19 Stories

3,388/ft²

Listed on Mar 25, 2025

297 days on market

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Overview

Experience the epitome of luxury living in this expansive 2,656 sq. ft. apartment at the world-renowned Plaza Residences. Boasting spectacular, direct Central Park views, this stunning 3-bedroom (or 2-bedroom plus library) home features soaring 11-foot ceilings and the convenience of hotel services, ensuring a life of unparalleled comfort and elegance.<br> <br> Located at the prestigious corner of Fifth Avenue and Central Park South, The Plaza Residences offers access to a full suite of five-star amenities, including a concierge, butler service, twice-daily cleaning, and a La Palestra fitness center. Indulge in the exquisite dining options, including the Palm Court, Champagne Bar, and 24-hour in-room dining. Residents also enjoy exclusive access to the renowned Guerlain spa, Warren-Tricomi Salon, and a selection of elegant event spaces, including the Edwardian Room, Oak Room, Grand Ballroom, and private boardrooms for high-level meetings. Designed by Henry Janeway Hardenbergh and completed in 1907, this French Renaissance-inspired building is a National Historic Landmark and a cherished symbol of New York's grandeur.<br> <br> Note: $295,480 scheduled assessment

Home Features

•Central Air
•Building Courtyard
•Building Roof Deck
•Park/Greenbelt

Estimated Monthly Payment

$49,082 per month

30 year fixed, 6.28% Interest

Principal and Interest

$44,462

Property Taxes

Maintenance/Common Charges

$4,620

Term

Interest

Home Price

Down Payment

Estimated Rebate for this Home

One-time rebate at closing

$134,970

Monthly savings impact

$375/mo

Effective Purchase Price

$8,863,030

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

Similar Homes

RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Corcoran Group

Data Source: TRESTLE #RLS20011695

RLS at REBNY

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The Real Estate Rebate Team

Listing Courtesy of Corcoran Group

Data Source: TRESTLE #RLS20011695

RLS at REBNY

Price Analysis

Compare average listing prices and value metrics for The Plaza Residence against the surrounding Central Park South market.

Based on 12 active units in building vs 85 in area

Average List Price

Building$9.3M

Neighborhood$9.1M

Price Per SqFt

Building Avg$3,463/ft²

Neighborhood Avg$2,916/ft²

Premium Market

18.78% Higher

than the Central Park South price-per-sq-ft average

This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Central Park South.

Central Park South

Overview of Central Park South

Central Park South encompasses the three blocks of 59th Street between Columbus Circle and Fifth Avenue. It is one of the most famous streets in the world, framing the southern edge of the park. For buyers considering Central Park South Manhattan real estate, this is purchasing a piece of a global postcard. Living in Central Park South, Manhattan is about views and prestige. The street is lined with historic luxury hotels (like the Plaza) and high-end residential towers. As an exclusive Manhattan NYC neighborhood, it offers a front-row seat to the changing seasons of Central Park and the luxury shopping of Fifth Avenue.

Real Estate & Housing Market

The homes for sale in Central Park South are trophy assets. Inventory consists of white-glove co-ops, hotel-condos (where you can live in the Plaza or the Ritz-Carlton), and historic apartments. Prices are premium, largely dictated by the view: a direct park view commands one of the highest price-per-square-foot premiums in the city. This market attracts international billionaires, celebrities, and investors. Owning here is a statement. The properties often function as luxurious pied-à-terres with full hotel services, including room service and housekeeping.

Lifestyle & Community

The lifestyle in Central Park South is luxurious and service-oriented. Residents live above the city, often literally. It is not a traditional "neighborhood" with a local butcher; rather, your amenities are the Palm Court, Bergdorf Goodman, and the park itself. Community here is found in the exclusivity of the buildings. It is quiet at night once the tourists disperse, and the proximity to Lincoln Center and Broadway makes it a cultural haven. It is living in the center of the world's luxury map.

Transportation & Accessibility

Central Park South is incredibly well-connected. Columbus Circle (1, A, B, C, D) and the N, R, W at 5th Avenue provide instant subway access. You are steps from the crosstown buses and the carriage rides of the park. The location is pivotal—midway between the West Side and East Side. You can walk to a Broadway show, a Carnegie Hall concert, or a business meeting in Midtown with equal ease.

Parks, Schools & Amenities

The neighborhood's name says it all: Central Park is your front lawn. Residents have immediate access to the Pond, the Zoo, and the main drives. It is the ultimate amenity. Amenities are hotel-grade. Many buildings offer spas, gyms, and dining services. Shopping is world-class, with the Shops at Columbus Circle (featuring a Whole Foods) and the luxury boutiques of 57th Street (Billionaire's Row) just a block away.

Who This Neighborhood Is Best For

Central Park South is best for ultra-wealthy buyers, international investors, and those seeking a prestigious pied-à-terre with hotel services and iconic park views.

Central Park South Guide All Neighborhoods