--- 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. 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" status: "Active" --- # 1 CENTRAL Park #314, New York City, NY 10023 Lincoln Square, New York City, NY Courtesy of Serhant ## At a Glance - **Listing Price**: $525,000 - **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 - FULL RENOVATION ASSESSMENT DISCOUNTED BY THE SELLER. 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 cost of the upcoming renovation assessment. At this price, no further negotiation is anticipated. Owners may personally occupy the residence for up to 179 days per year. During the remaining eligible days, the residence participates in the hotel's rental program and is professionally rented and managed by the hotel, offering a streamlined opportunity to generate income when the owner is not in residence. Central Park and Columbus Circle are just outside your door-enjoy the ultimate New York lifestyle while generating income at the same time. Welcome to Residence 314, a fully furnished, oversized luxury condominium within a five-star hotel on prestigious Central Park West. This turnkey residence offers a seamless combination of personal use and investment potential in one of Manhattan's most sought-after locations. 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. The estimated renovation assessment for Residence 314 is approximately $200,000. The seller has reflected the entire assessment in the dramatically reduced purchase price, creating an exceptional opportunity to acquire a newly renovated residence at a significant discount. The apartment features expansive floor-to-ceiling windows showcasing dynamic views 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 includes access to exceptional five-star hotel services and amenities, including daily housekeeping and optional laundry valet. Residents 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. 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 pied-à-terre or a hassle-free investment, Residence 314 delivers personal enjoyment, professional hotel management, income potential, and exceptional value in one of New York City's most iconic locations. ## 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**: 166 Days ### Residence Features - Building Other - Washer Hookup - Dining Area - High Ceilings - Dishwasher - City Lights - City ## Sales Evidence ### How this price compares The median closed price for comparable condo one-bedroom sales in Lincoln Square is $1,177,500, based on 180 sales between September 2024 and July 2026. This home is asking $525,000, $652,500 below that median. The middle half of those sales closed between $978,875 and $1,325,000. - **Median closed price**: $1,177,500 - **Middle half**: $978,875 – $1,325,000 - **Based on**: 180 condo one-bedroom sales in Lincoln Square - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,460/ft² Across the 169 of these sales with a published asking price, the median closed at 100% of what it originally asked. 37% of them closed below the original ask. 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 - **Sold vs original ask**: 100% of the original ask - **Closed below ask**: 37% of 169 sales - **Listed → in contract**: 34 days (about 5 weeks) - **In contract → closed**: 57 days (about 8 weeks) Across the 169 of these sales with a published asking price, the median closed at 100% of what it originally asked. 37% of them closed below the original ask. Half of these homes were in contract within 34 days (about 5 weeks) of coming to market, based on the 166 with a recorded listing date. Once a deal was agreed, closing took a further 57 days (about 8 weeks), based on the 168 with both dates recorded. 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. Based on 180 condo one-bedroom sales in Lincoln Square, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Lincoln Square, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,300,000 | 17 | | 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 | $1,187,500 | 44 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Lincoln Square instead. 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 - **Current asking price**: $525,000 | Date | Price | Listing event | | --- | --- | --- | | 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 | ## 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. ## 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.