257 CENTRAL Park #5H, New York City, NY 10024
Listing Courtesy of Corcoran Group
$499,000
Potential Rebate: $7,485
Overview
12/28/2025- Sunday 2:00 PM- 3:00 PM - BY APPOINTMENT<br> <br> Firmly ensconced at the core and beating heart of the Big Apple, is a marvelous alcove studio gem. Located directly across from the magnificent Central Park, more than a home or "pied-a-terre", you will own a huge slice of the Big Apple by taking only a small bite!<br> <br> This lovely alcove studio is in mint condition and offers a fully equipped separate kitchen, a marvelously renovated large bath, through the wall HVAC and beautiful hardwood floors. Housed in the magnificent and grand Orwell House, a full service, white glove cooperative on Central Park West, just walking into the lobby, shows that you have arrived in NYC!<br> <br> The Orwell House is a white-glove, full-service building designed for comfort and convenience. It features a beautifully appointed lobby with original detailing, exuding timeless elegance. Residents enjoy 24-hour doorman and concierge services, elevator, a live-in superintendent, a fitness center, bike room, and private storage options. The building also includes a parking garage and a serene roof deck with stunning views of Central Park.<br> <br> Pets and pied- -terre are allowed, and the building permits financing up to 75% of the purchase price.<br> <br> All information furnished regarding property of sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.
Home Features
- •Building Roof Deck
- •Dining Area
Estimated Monthly Payment
$3,729 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,485
Monthly savings impact
$21/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 #RLS20052886
Price Analysis
Compare average listing prices and value metrics for The Orwell House against the surrounding Upper West Side market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
86.02% Lower
than the Upper West Side price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper West Side
Overview of Upper West Side
The Upper West Side (UWS) is the intellectual and cultural counterpoint to the East Side. Sandwiched between Central Park and Riverside Park, it is known for its brownstones, protected historic districts, and artistic legacy. For buyers seeking Upper West Side Manhattan real estate, it offers a relaxed, leafy, and quintessentially "New York" vibe.
Living in the Upper West Side feels like living in a movie. The streets are wide and lined with trees. As a beloved Manhattan NYC neighborhood, it attracts writers, actors, and families who value space, parks, and Zabar's.
Real Estate & Housing Market
The market for homes for sale in the Upper West Side is robust. It is famous for its pre-war co-ops along Central Park West and Riverside Drive, and its miles of brownstone blocks in between. Newer condos have risen in the low 60s and along Columbus Avenue.
It is a high-demand market because the housing stock is beautiful and protected. You can't build skyscrapers on the brownstone side streets, preserving the light and character.
Lifestyle & Community
The lifestyle on the UWS is casual and community-focused. Neighbors stop to chat at the Sunday landscaped market or while walking dogs in Riverside Park. It feels less formal than the East Side.
Cultural institutions like Lincoln Center and the Museum of Natural History anchor the community, infusing it with art and science.
Transportation & Accessibility
The Upper West Side is served by the 1/2/3 and B/C trains. The express 2/3 makes getting to Times Square or Wall Street incredibly fast.
The West Side Highway provides easy car access for escapes to the Catskills or Jersey.
Parks, Schools & Amenities
You are never more than two blocks from a park. Riverside Park offers sunsets over the Hudson, while Central Park offers the Great Lawn and the Reservoir.
Amenities are iconic: Zabar's, Fairway, Barney Greengrass. The food culture here is legendary. Schools are excellent, contributing to its reputation as a family haven.
Who This Neighborhood Is Best For
The Upper West Side is best for families, dog owners, and creatives who want a beautiful, green, and relaxed neighborhood with deep cultural roots.
