--- title: "1 CENTRAL Park #314, New York City, NY 10023" description: "1 CENTRAL Park #314, New York City, NY 10023 — Lincoln Square, New York City, NY. Listing Price $525,000. In contract 9/14/2026. 1 bed, 1 bath, 717 sqft Illustrative Buyer Commission Share of $7,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/1-central-park-314-ny-10023" source: "Real Estate Rebate Team" dateModified: "2026-09-15T15:43:13.870Z" status: "Pending" --- # 1 CENTRAL Park #314, New York City, NY 10023 Lincoln Square, New York City, NY Courtesy of Serhant Last updated: September 15, 2026, 11:43 AM ## At a Glance - **Listing Price**: $525,000 - **Status**: In contract 9/14/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Sqft**: 717 - **Common Charges**: $5,597 / mo - **Price per Sqft**: $732 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $525,000 - **Illustrative Buyer Commission Share**: -$7,875* - **Illustrative Net Cost**: $517,125 *Illustrative Buyer Savings of $7,875 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/71283964-79f3-4884-8ba5-44f707f43a8b.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/93c60ffc-c6c3-4659-8cf9-868d9fe65815.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5f6e6330-6e89-4329-b955-3cee018a30ec.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/69ddb879-17ab-4ebf-8106-89a18822b8d6.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/28921def-9f0d-4f70-a909-d2a4f895606c.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8876c17-8d6a-462d-9e1c-9c6af2f8713e.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2239d884-5fef-4016-8c93-28db1b01ebc9.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dd1f8d99-6015-4dad-a2cb-bece1f09b90f.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf0f381f-d35a-48fc-90c9-6d0dbfc3c49b.jpg) ![1 CENTRAL Park #314, New York City, NY 10023 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5e8b1df2-d11b-498f-be7d-3f337056fb6f.jpg) ## Property Overview OVER $200,000 PRICE REDUCTION - PURCHASE PRICE REDUCED TO REFLECT THE FULL ESTIMATED RENOVATION ASSESSMENT. FIRM PRICE. Now offered at $525,000, reduced from the original asking price of $735,000. The seller has discounted the purchase price to reflect the full estimated cost of the upcoming renovation assessment. This reduction is reflected in the purchase price; the buyer remains responsible for paying the assessment. At this price, no further negotiation is anticipated. Welcome to Residence 314, a fully furnished, oversized corner hotel condominium within a five-star hotel on prestigious Central Park West. With Central Park and Columbus Circle just outside your door, this residence combines a coveted corner position, personal enjoyment, and professionally managed rental income potential. The residence is designated for transient hotel occupancy, with stays limited to a maximum of 30 consecutive days per person, including the owner. When not occupied by the owner or the owner's designated individuals, and not already reserved, the residence must be made available to the public for rental. Residence 314 is scheduled to undergo a comprehensive three-month renovation from January 3 through March 31, 2028, as part of the hotel's property-wide renovation program. The project will include building improvements, repairs, and the replacement of furniture, fixtures, carpeting, and other finishes, delivering a beautifully refreshed hotel residence upon completion. The estimated renovation assessment for Residence 314 is approximately $200,000. The seller has reflected this anticipated expense in the reduced purchase price, creating an opportunity to purchase ahead of the planned improvements. The apartment's corner position and expansive floor-to-ceiling windows provide a striking backdrop of Broadway and the surrounding Manhattan skyline. The open living and dining area is thoughtfully designed for both relaxation and entertaining while overlooking the energy of Columbus Circle. A fully equipped kitchen with high-end stainless-steel appliances adds functionality and convenience. The spa-like marble bathroom features a sleek glass-enclosed shower and refined vanity, creating a clean, modern aesthetic. Ownership provides access to exceptional five-star hotel services and amenities, including daily housekeeping and optional laundry valet. Enjoy a state-of-the-art fitness center, a 55-foot lap pool, sauna, steam room, business center, conference rooms with a library, bike storage, and a 24-hour attended garage with valet parking. Applicable service and usage fees may apply. For dining, the renowned Jean-Georges restaurant is located within the building, with the additional convenience of in-room dining service. Whether you are seeking a refined Manhattan retreat for short stays or a professionally managed hotel condominium with income potential, Residence 314 offers corner-unit appeal, five-star amenities, and an iconic New York location. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 717 sqft - **Stories**: 44 - **Year Built**: 1960 - **Price per Sqft**: $732 - **Common Charges**: $5,597 / Monthly - **Listed On**: Mar 30, 2026 - **Days on Market**: 187 Days ### Residence Features - Building Other - Washer Hookup - Dining Area - High Ceilings - Dishwasher - City Lights - City ## Estimated Monthly Payment **$8,252 / month**, assuming a 20% down payment ($105,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,655 - **Common Charges**: $5,597 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $525,000 - **Median sold price**: $1,173,000 - **Difference**: -$648,000 (-55.2%) - **This home, $/ft²**: $732 - **Median $/ft²**: $1,456 - **Comparable sales**: 180 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $970,000 – $1,325,000 Based on condo one-bedroom sales in Lincoln Square. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Lincoln Square instead. ### How these sales were negotiated - **Sale-to-list price**: 100% (169 sales) - **Sold below asking**: 37% (169 sales) - **Typical time to find a buyer**: 34 days (166 sales) - **Typical time to close**: 56 days (168 sales) Based on condo one-bedroom sales in Lincoln Square with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, condo and house one-bedroom sales in Lincoln Square | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,330,000 | 14 | | 2017 | $1,255,000 | 54 | | 2018 | $1,105,000 | 52 | | 2019 | $1,135,266 | 36 | | 2020 | $1,287,500 | 50 | | 2021 | $1,162,500 | 92 | | 2022 | $1,285,000 | 113 | | 2023 | $1,270,000 | 68 | | 2024 | $1,072,500 | 72 | | 2025 | $1,198,222 | 114 | | 2026 YTD | $1,187,500 | 48 | Based on recorded condo and house one-bedroom sales in Lincoln Square. 2026 is year-to-date. Sales data through August 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. ## Price and Property History for 1 CENTRAL Park, Unit 314 Review the recorded listing activity for 1 CENTRAL Park, Unit 314, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $170,000, or 24.5%, on August 12, 2026 - **Originally listed**: March 30, 2026 at $735,000 - **Entered contract**: September 14, 2026 | Date | Price | Listing event | | --- | --- | --- | | September 14, 2026 | $525,000 | Entered contract | | August 12, 2026 | $525,000 | Asking price reduced by $170,000, or 24.5% | | July 21, 2026 | $695,000 | Asking price reduced by $40,000, or 5.4% | | March 30, 2026 | $735,000 | Listed for sale by Serhant | ## Lincoln Square Overview of Lincoln Square [Explore Lincoln Square](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lincoln-square) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lincoln Square - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) ## Related Links - [Lincoln Square neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lincoln-square) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > 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.