NOT LISTED FOR SALE

50 Central Park S Unit 24B New York, NY 10019

Midtown Neighborhood

Estimated Value: $4,167,000 - $8,260,000

3 Beds
3.5 Baths
3,895 Sq Ft
$9,916/mo HOA Fee

Last Sold June 17, 2024

Last sale price $14,980,000 $3,846 Per Sq Ft

Current estimated payment $51,821/month

141 Days on Market

Highlights

  • Concierge
  • 2-minute walk to 57 Street (F Line)
  • Central Air
  • P.S. 111 Adolph S. Ochs Rated A-
  • Views
  • 3-minute walk to Grand Army Plaza

About This Home

As of June 2024

Welcome to the epitome of luxury living in the heart of New York City. Located in the coveted Ritz Carlton Residences and overlooking iconic Central Park, Residence 24B at 50 Central Park South is an exquisite three-bedroom, three-and-a-half bath home.

Upon entering, the residence has its own private hallway leading to a grand foyer entry. The foyer provides a majestic arrival to the grandeur and sophistication of this residence with American walnut hardwood and wood-paneled trim throughout. The foyer gives way to a meticulously designed living room with a beautiful decorative fireplace and sweeping views of Central Park. The impressive living area is bathed in an abundance of natural light and offers an unmatched sense of tranquility and serenity amidst the bustling cityscape. A powder room and two large coat closets are located just off the living space.

Near the living area is the home's primary bedroom which shares the same captivating views of Central Park. The lavish bedroom includes a large walk-in closet, dressing area, seating area and two primary bathrooms featuring a steam shower and radiant heated floors. The primary bedroom provides an ideal oasis of indulgence and relaxation.

The spacious floor plan seamlessly integrates the northern and southern wing of the apartment where the spacious second bedroom, library and kitchen are located. The gourmet, eat-in kitchen is adorned with Baltic pine cabinetry, wine refrigerator, six burner Viking stove and top-of-the-line stainless steel appliances. The corner kitchen also includes south and west exposures providing phenomenal light to the space. Adjacent to the kitchen is the home's second bedroom with an en-suite bathroom and ample closet space. A beautifully crafted, mahogany paneled library can serve as the home's third bedroom. There is also a dedicated laundry room and a small service kitchen.

Located amongst New York City's most prestigious residential buildings and hotels, the Ritz Carlton Residences offers a rare blend of privacy combined with the services and amenities of one the world's premier luxury hotel brands. Residents enjoy the benefit of a private entrance and lobby staff while having access to the Ritz Carlton health club, La Prairie Spa, restaurants, in-room dining and housekeeping services at an additional fee. The Ritz Carlton Residences is in close proximity to world-class shopping on Fifth Avenue and some of the city's most recognizable restaurants and landmarks including Central Park, Columbus Circle, Carnegie Hall and Lincoln Center.

Last Agent to Sell the Property

Noble Black

Douglas Elliman Real Estate License #10301211307 Listed on: 05/31/2023

Douglas Elliman Real Estate

Co-Listed By

David Son

Compass License #10401239100

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $87,420

Year Built

  • Built in 1931

HOA Fees

  • $9,916 Monthly HOA Fees

Home Design

  • 3,895 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Utilities

  • Central Air

Additional Features

  • Property Views

Listing and Financial Details

  • Legal Lot and Block 1214 / 01274

Community Details

Overview

  • 12 Units
  • High-Rise Condominium
  • Residences At Ritz Condos
  • Central Park South Subdivision
  • 33-Story Property

Amenities

  • Concierge

Property Details

Home Type

Condominium

Est. Annual Taxes

$87,420

Year Built

Built in 1931

Lot Details

0

HOA Fees

$9,916 per month

Listing Details

  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Central Park South
  • Entry Level: 24
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: Pets Allowed,Building Pets Allowed Comments:Pets Allowed
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 33

Interior Features

  • Interior Features: Dining Area
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 3895.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: Park/Greenbelt
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Building Other, In Unit
  • Green Building Features: Concierge, Green Building, Spa/Hot Tub
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 9916.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: RESIDENCES AT RITZ-
  • Units: 12
  • Total Stories: 33
  • Year Built: 1931

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01274
  • Tax Lot: 1214
  • Tax Annual: 87420.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 17, 2024
Sold by
Zhao Yizheng
Bought by
Cohen Martin and Cohen Michele
Seller's Agent
Noble Black
Douglas Elliman Real Estate
List Price
$18,500,000
Sold Price
$14,980,000
Premium/Discount to List
-$3,520,000
-19.03%
Views
97
Current Estimated Value
$6,406,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,573,489
Avg. Annual Appreciation
-53.03%

Purchase Details

Closed on
Nov 2, 2016
Sold by
Lehrman Susan Carmel
Bought by
Zhao Yizheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,325,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
St Moritz Holding Residential Llc
Bought by
Lehrman Susan Carmel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,750,000
Interest Rate
5.81%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cohen Martin $14,980,000 --
Zhao Yizheng $20,500,000 --
Zhao Yizheng $20,500,000 --
Lehrman Susan Carmel -- --
Lehrman Susan Carmel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhao Yizheng $13,325,000
Previous Owner Lehrman Susan Carmel $3,695,801
Previous Owner Lehrman Susan Carmel $6,750,000
Closed Lehrman Susan Carmel $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $14,980,000 0.0% $3,846 / Sq Ft
06/10/2024 06/10/24 Off Market $14,980,000 -- --
10/20/2023 10/20/23 Pending -- -- --
09/08/2023 09/08/23 Price Changed $14,980,000 -10.0% $3,846 / Sq Ft
07/04/2023 07/04/23 Price Changed $16,650,000 -10.0% $4,275 / Sq Ft
05/31/2023 05/31/23 For Sale $18,500,000 -- $4,750 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $83,977 $708,512 $170,460 $538,052
2024 $83,977 $671,711 $170,460 $501,251
2023 $89,100 $726,338 $170,460 $555,878
2022 $87,196 $712,673 $170,460 $542,213
2021 $89,431 $729,038 $170,460 $558,578
2020 $92,114 $807,468 $170,460 $637,008
2019 $89,198 $789,303 $170,460 $618,843
2018 $84,822 $725,810 $170,460 $555,350
2017 $81,168 $714,450 $170,460 $543,990
2016 $77,786 $684,870 $170,460 $514,410
2015 $29,950 $651,151 $170,460 $480,691
2014 $29,950 $587,547 $170,460 $417,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10971819

Real Estate Board of New York (REBNY)

APN: 1274-1214