1 CENTRAL Park #506, New York City, NY 10019
Listing Courtesy of Corcoran Group
$6,450,000
Potential Rebate: $96,750
Overview
Exclusive showings by appointment, Sundays & Mondays 1-5pm<br> <br> Residence 506 at the iconic Plaza Legendary Landmark Condo. Outdoor living at this unique and special Plaza Residences. New to the market, this stunning two bedroom with magnificent 1000 +sq.ft landscaped terrace is an extremely magical in this icon landmark building. This two-bedroom two bath residence with 14 plus ft. ceilings, mosaic, marble, oversized windows, fixtures with the classic P Plaza Logo, chef's kitchen, washer and dryer, custom closets, savant system that control all the electrical competent and including Window Treatments, finishes encompass herringbone hardwood floors, stylish crown and floor moldings. A gracious size primary bedroom includes custom closets and an En-suite marble bathroom with a soaking tub separate shower stalls, double sinks, and mosaic patterned floors that replicate the floor of the original Plaza lobby and bath fixtures crafted by Leroy Brooks. ad custom fabric wall treatment.<br> <br> The grand suite with a private door to the landscape terrace. The second guest suite faces the beautiful landscape terrace also, and nicely appointed with a custom closet. The stunning kitchen has custom-made cabinetry, beautiful Nero Marquita stone countertops, white mosaic Calcutta marble backsplash, and top-of-the-line stainless steel appliances by Viking and Sub Zero And two zoned central-air for this unique and special apartment. The Palm Court, Guerlain Spa, Grand Ballroom, and Terrace Room. Experience Manhattan's premier living destination, proximity to Central Park, glamorous Fifth Avenue shopping, internationally acclaimed fine dining, and the best of New York City. <br> <br> The legendary Plaza offers a luxury lifestyle at the premier Manhattan address. This world-class structure was built in 1905 by Henry J. Hardenberg resembling a French Renaissance Chateau and is a Historic National Landmark that has been called home by some of New York's most elite. The current owner will pay the assessment assigned to Resident 506 for the portion of the restoration of this iconic Building. This unique special world class residence can be yours!<br> <br> Classical interior furnishing can be purchased separately:<br>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Building Courtyard
- •Building Roof Deck
- •Private Outdoor Space Over 60 Sqft
- •City
Estimated Monthly Payment
$35,657 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$96,750
Monthly savings impact
$269/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20002661
Price Analysis
Compare average listing prices and value metrics for The Plaza Residence against the surrounding Central Park South market.
Average List Price
Price Per SqFt
15.26% 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.
