The Plaza Residences
Private condominium living inside New York's most storied landmark hotel
About The Plaza Residences
The Plaza is one of the most recognized names in the world, and owning a private residence inside it places you within a genuine New York landmark. The Plaza Residences occupy floors of The Plaza Hotel at 768 Fifth Avenue, on the southeast corner of Central Park at Central Park South, with a dedicated residential entrance separate from the hotel. When our clients ask about buying into a living piece of the city's history, this is the address we point to first: a French Renaissance chateau designed by Henry Janeway Hardenbergh, opened in 1907 and protected as a New York City landmark both inside and out.
In 2008, El Ad Properties completed a meticulous conversion that created 181 private condominium residences within the building, ranging from studios to full-floor and triplex penthouse layouts. Many residences look directly over Central Park, with the ceiling heights, proportions, and bespoke finishes that only a landmark of this era can offer. Residents draw on the hotel's service infrastructure, from a 24-hour doorman and concierge to housekeeping and in-residence dining, so the experience combines private ownership with the polish of a grand hotel.
From a market standpoint, a condominium inside The Plaza is close to irreplaceable. There is one Plaza, its Central Park South frontage cannot be reproduced, and the residences trade on that scarcity. For international buyers in particular, the combination of an iconic address, full hotel services, and outright condominium ownership makes this one of the most compelling ways to own a piece of New York at the very highest level.
The Plaza Residences at a Glance
768 Fifth Avenue, New York, NY
El Ad Properties
Henry Janeway Hardenbergh
2008
181
20
Condominium
Central Park South
The Plaza Residences Condos for Sale
Why Buyers Choose The Plaza Residences
An Irreplaceable Central Park South Address
There is only one Plaza, and its position on the southeast corner of Central Park cannot be reproduced. The residences look out over the park, Grand Army Plaza, and the Pulitzer Fountain, on a frontage that has defined New York luxury for more than a century. For buyers who think about real estate in terms of what can never be built again, an address inside The Plaza is about as close to irreplaceable as Manhattan offers.
Full Access to Plaza Hotel Services
Residents live above one of the world's great hotels and draw on its service infrastructure. That means a 24-hour doorman and concierge, housekeeping, and in-residence dining, alongside the building's signature spaces such as the Palm Court and the Guerlain Spa. For buyers accustomed to a fully serviced lifestyle, the depth and consistency of service inside The Plaza is difficult to match anywhere in the city.
A Living Landmark by Hardenbergh
Opened in 1907 and designed by Henry Janeway Hardenbergh, who also designed the Dakota, The Plaza is a French Renaissance chateau protected as both an exterior and an interior New York City landmark. Owning here means owning inside a piece of architecture that the city has committed to preserving. For buyers who want their home to carry genuine history and to remain timeless rather than trend-driven, few addresses in the world compare.
Condominium Ownership on Fifth Avenue
Much of this stretch of Fifth Avenue and Central Park South is dominated by prewar cooperatives with demanding boards and restrictions on financing and foreign ownership. The Plaza Residences offer the same caliber of address as a condominium, with the straightforward ownership and flexibility that implies. For international buyers especially, that distinction opens a part of the New York market that cooperatives often keep closed.
Our Take on The Plaza Residences
The Plaza is one of those names that needs no introduction, and the chance to own a private residence inside it is rare in a way that most luxury buildings simply are not. We have advised clients on landmark and hotel-branded residences for years, and the point we always come back to is scarcity. There is one Plaza, on one of the greatest sites in the city, and that is the foundation of everything that makes owning here compelling.
For buyers weighing The Plaza against new development on Central Park South or Billionaires' Row, the decision usually comes down to what you value. The new towers offer contemporary interiors and the latest systems. The Plaza offers history, an interior and exterior landmark, and a level of provenance that cannot be built from scratch. If genuine, irreplaceable character matters more to you than brand-new construction, this is the address that delivers it.
The honest considerations are the ones that come with any prewar landmark: layouts and light vary meaningfully from residence to residence, and the right home is very much about the specific unit rather than the building in the abstract. This is a building where touring in person and comparing exposures carefully makes all the difference, and it is exactly the kind of guidance our team is built to provide.
Our recommendation is to start with a conversation about how a residence at The Plaza fits your broader plans, whether that is a primary New York home, a pied-a-terre on Central Park, or a long-term hold in a truly landmark building. Opportunities to own inside The Plaza do not come along often, and when the right one does, it deserves serious consideration from a qualified buyer.
International Buyers Welcome
Foreign nationals can purchase condominiums in Manhattan with no visa or residency requirements. Many international buyers use LLCs for privacy and estate planning. Manhattan Miami specializes in guiding international buyers through the acquisition process, from financing options to closing procedures.
Read Our International Buyer Guide →About The Plaza Residences
The Plaza Residences - Iconic Central Park South Living
The Plaza Residences at One Central Park South represent one of Manhattan's most storied addresses. Developed by El-Ad Properties and designed by Costas Kondylis & Partners, this landmark conversion brought 181 private residences to The Plaza Hotel, one of the world's most recognized buildings. Completed in 2008, The Plaza Residences offer a rare opportunity to own within a living architectural icon overlooking Central Park.
Residences range from elegant studios to expansive full-floor layouts, many featuring direct Central Park views, soaring ceilings, and bespoke finishes. Owners enjoy access to The Plaza Hotel's legendary services, including the Palm Court, butler service, concierge, and the Guerlain Spa. The combination of hotel-level service, an irreplaceable Central Park South address, and The Plaza's timeless prestige makes these residences among the most sought-after in New York City.
Located at the intersection of Fifth Avenue and Central Park South, residents are steps from the finest shopping, dining, and cultural institutions Manhattan has to offer - from Bergdorf Goodman and the Pierre to Lincoln Center and the Museum of Modern Art.
Explore luxury condos in New York City or view Billionaires' Row for ultra-luxury developments. For international buyers, see our NYC guide for foreign purchasers.
Available Residences
Currently available at The Plaza Residences
Residence 1901
1 CENTRAL Park S #1901, Manhattan, NY 10019
Residence RES1707
1 CENTRAL Park S #RES1707, Manhattan, NY 10019
Residence 701
1 CENTRAL Park S #701, Manhattan, NY 10019
Unparalleled Living
Residence Collection
One Bedroom
1 BR
800–1,200 SF
From $2.5M
Two Bedroom
2 BR
1,200–2,000 SF
From $5M
Three Bedroom
3 BR
2,000–3,500 SF
From $10M
Penthouse
4–5 BR
4,000+ SF
From $25M
Residences from $11,000,000
World-Class Amenities
Wellness & Fitness
- The Guerlain Spa
- Fitness center by La Palestra
- Swimming pool
- Sauna and steam room
Dining & Social
- The Palm Court
- The Champagne Bar
- The Plaza Food Hall
- Private event spaces
Building Services
- 24-hour concierge
- Doorman and security
- Valet parking
- The Plaza Hotel room service
- Housekeeping services
Lifestyle & Culture
- Access to Plaza Hotel amenities
- Grand Ballroom event access
- Terrace Garden
- Private wine cellars
The Visionaries
El-Ad Properties
Developer
El-Ad Properties led the landmark conversion of The Plaza Hotel into luxury residences, preserving the building's historic grandeur while creating world-class private homes.
Henry Hardenbergh
Original Architecture
Henry Hardenbergh designed the original Plaza Hotel in 1907 in the French Renaissance chateau style, creating one of the most recognized buildings in the world.
Costas Kondylis & Partners
Residential Conversion Architect
Costas Kondylis & Partners oversaw the architectural conversion of The Plaza into luxury residences, blending historic preservation with modern residential design.
Central Park South, New York
The Plaza Residences occupies one of the most prestigious addresses in New York City, at the corner of Fifth Avenue and Central Park South. Residents enjoy direct proximity to Central Park, world-class shopping along Fifth Avenue, and the cultural richness of Midtown Manhattan.
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Frequently Asked Questions
What is The Plaza Residences?
The Plaza Residences are private condominium homes inside The Plaza Hotel, the landmark building at 768 Fifth Avenue on the southeast corner of Central Park. Created through a 2008 conversion by El Ad Properties, the residences give owners private ownership within one of the world's most recognized hotels, with a dedicated residential entrance on Central Park South and access to the hotel's services.
Where is The Plaza Residences located?
The building sits at 768 Fifth Avenue, at the intersection of Fifth Avenue and Central Park South, directly on the southeast corner of Central Park. Residents are steps from the Fifth Avenue shopping corridor, Bergdorf Goodman, and Grand Army Plaza, with the Fifth Avenue and 59th Street subway station nearby.
Who developed The Plaza Residences and when?
The Plaza Hotel was designed by Henry Janeway Hardenbergh and opened in 1907. El Ad Properties acquired the building and completed a comprehensive conversion in 2008 that created 181 private condominium residences within the landmark, coexisting with the continuing hotel operation.
What services and amenities do residents receive?
Residents benefit from The Plaza's hotel-caliber service, including a 24-hour doorman and concierge, housekeeping, and in-residence dining. The building is home to signature spaces such as the Palm Court, the Champagne Bar, the Guerlain Spa, and the La Palestra fitness center, giving residents access to amenities within one of the city's most storied hotels.
What types of residences are available?
The Plaza Residences range from studios to expansive full-floor and triplex penthouse layouts, with many homes offering direct Central Park views. Interiors are known for their generous proportions, high ceilings, and bespoke finishes befitting a landmark of this era. Availability changes over time, so our team can share what is currently on the market.
Is The Plaza Residences a good investment?
A condominium inside The Plaza benefits from a genuinely scarce position: an irreplaceable Central Park South address, landmark protection, and a globally recognized name. Values in truly irreplaceable buildings tend to hold well over time. As with any purchase at this level, we advise buying with real intention to use and enjoy the residence, and our team is glad to walk through comparable sales.
What are the expected price points?
As a resale condominium, pricing at The Plaza Residences varies widely by floor level, exposure, view corridor, and residence size. Homes have traded across a broad range, from smaller residences to full-floor and penthouse layouts at the top of the market. Contact our team for current availability and pricing tailored to what you are looking for.
Can your team provide a private consultation about The Plaza Residences?
Yes. Our team tracks availability inside The Plaza and across Central Park South and can provide a comprehensive briefing, including current listings, recent sales, floor plans, and how a residence here compares to other landmark and new-development options nearby. We offer candid, buyer-focused advice designed to help you make the right decision.
The Plaza Residences Awaits
Our specialists will provide personalized pricing, floor plans, and exclusive developer incentives.
768 Fifth Avenue, New York, NY
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Manhattan Real Estate Market Intelligence
Market Context: Manhattan luxury condominium pricing is segmented by sub-market. The Billionaires’ Row corridor (57th Street, between Park Avenue and Columbus Circle) carries the highest price-per-foot in the United States, with trophy residences trading $4,000-$10,000+ per SF. Downtown Manhattan (Tribeca, West Village, Soho) has its own ultra-luxury tier driven by limited supply of new development. Upper East Side and Upper West Side condo medians sit materially below downtown trophy levels but offer larger floor plates and Central Park access. Pricing in Manhattan is sensitive to interest rates, mansion-tax brackets, and the offering-plan stage of any given building.
Entity Insight: Sponsor-direct new development in 2026 includes 80 Clarkson (West Village), 255 East 77th (Upper East Side), 140 Jane (West Village), 1122 Madison (Carnegie Hill), and Mandarin Oriental Fifth Avenue. Completed buildings with sponsor inventory remaining include Central Park Tower, 220 Central Park South, 53 West 53, 111 West 57th, and 50 West 66th. Each carries a distinct sponsor history, construction lender, offering-plan amendment cadence, and 421-a or other tax-abatement status that must be diligenced individually.
Buyer Signal: Manhattan’s structural inputs include the New York Attorney General-supervised offering plan process (provides buyer-side procedural protection not available in less-regulated markets), the depth of the resale market (high liquidity at exit), and constrained near-term supply (limited zoning capacity in core sub-markets). Risks to underwrite at contract: mansion-tax bracket inflation above $2M, transfer-tax assumption by buyer on sponsor sales, lot-line and view-corridor exposure on specific lots, condo board sublet and resale policies, and 421-a phase-out schedule where applicable. Status of any individual project, sponsor inventory level, AG offering plan amendment, pricing, or sales percentage should be verified at the time of inquiry.
Key Facts
- Trophy Manhattan condo $/SF range: $1,500-$10,000+
- Billionaires’ Row average $/SF: $4,000-$10,000+
- Downtown trophy (Tribeca/West Village) $/SF: $2,500-$6,000+
- Mansion tax: 1% above $1M, graduated brackets above $2M for buyer
- Typical sponsor contract deposit: 10%-20% at signing
- Standard buyer-attorney review window: 1-3 business days from contract delivery
- Sponsor-side commission: developer pays buyer agent on sponsor sales
- Tax-abatement programs (where applicable): 421-a, J-51, status verified building-by-building
- Foreign-national LLC ownership: common, structured at contract
Buyer Procedure
Manhattan sponsor-sales procedure: reservation form → offering plan delivery → buyer attorney review → contract execution and initial deposit → mortgage commitment (if financed) → closing at delivery. Sponsor-inventory and resale procedures differ; advisory pre-tour planning is recommended.
Manhattan Real Estate FAQs
What is the New York Attorney General offering plan?
The offering plan is the legal document filed with the New York Attorney General that governs the sale of every Manhattan condominium. It defines deposit handling, unit specifications, common charges, real estate taxes, sponsor obligations, and buyer protections. No Manhattan condo sale closes outside the framework of an accepted offering plan; amendments are filed periodically and reviewed by buyer attorneys at contract.
What is sponsor inventory?
Sponsor inventory refers to unsold units still held by the building’s developer (the “sponsor”). Sponsor units are brand-new, never lived-in, and may include negotiable pricing, closing-cost credits, and access to tax-abatement programs where the building has them. Sponsor-side transactions follow the offering plan, not the standard resale contract.
What tax abatements apply in Manhattan?
421-a is the most common Manhattan condo abatement, providing reduced real-estate-tax exposure for 10 to 25 years on qualifying new developments. J-51 applies to specific rehabilitated buildings. Each abatement has a phase-out schedule and building-specific qualification status that must be verified in the offering plan and the most recent tax certificate.
What closing costs apply on a Manhattan condo?
Typical buyer-side closing costs run 2% to 4% of price, including NYC and NYS transfer taxes (often assumed by buyer on sponsor sales), mansion tax (1% above $1M with graduated brackets above $2M), title insurance, buyer attorney fee, mortgage recording tax if financed, and prorated common charges and real estate taxes.
Are common charges the same as HOA fees?
No. Manhattan condos use the term “common charges,” not HOA fees. Common charges fund building operations, staff, amenities, and reserves. Real estate taxes are billed separately by NYC and are not part of common charges.
How does Manhattan Miami get paid on Manhattan transactions?
On sponsor-side new development purchases, the developer pays Manhattan Miami’s buyer-agent commission. Buyer representation is at no out-of-pocket cost to the buyer. On resale transactions, commission arrangements are disclosed at engagement.