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$521,750
List Price: $525,000
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1 Central Park West #314
Condo in Lincoln Square •  building info
1bd • 1ba • 717ft² $732 per ft²
Buy with Yoreevo

$521,750

List Price

$525,000

Key Details
Days on market
140
Last price change
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Estimated payment
$9,541/mo
Taxes
Common charges
$5,597/mo
Description
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.

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Important Stuff
Elevator
Full Time Doorman
Home features
Central Air
Dishwasher
View

City, Skyline

Building amenities
Services and facilities
Concierge
Fios Available
Laundry in Building
Live In Super
Parking

Garage, Valet

Wellness and recreation
Gym
Swimming Pool
Building info

History
What it'll cost
Purchase price
$525,000
Asking Price: $525,000
Term
30 Years
Down Payment
$52,000 (10%)
Min: 10% (52,000)
Rate
6.0 %
Mortgage Amount
$472,500
Mortgage Payment
$2,833
Common Charges
$5,597
Taxes
$1,111
Estimated Yoreevo rebate
$3,250
Estimated closing cost
$20,000
Total monthly cost $9,541
Buy your dream home with us and get an estimated
$3,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Serhant

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