$950,000
$45K PRICE DROP

Estimated payment $20,958/month

Total Views 42,441
3 Beds
3 Baths
1,950 Sq Ft
$487 Price per Sq Ft

Highlights

  • 12,500 Sq Ft lot
  • 1-minute walk to 5 Avenue-59 Street
  • Home Gym
  • East Side Elementary School, P.S. 267 Rated A
  • Pre War Building
  • 1-minute walk to Grand Army Plaza

About This Home

The Best Value on Fifth Avenue. An amazing opportunity to own a 3 Bed/3 Bath+Adjacent Staff Room w/Bath multi-unit contiguous Hotel-Pool Compound in The Sherry-Netherland Hotel.With light renovation one can move in and enjoy the space, pampered service and location in a prestigious pre-war cooperative on the Plaza at 59th & 5th Avenue facing Central Park. Or, bring your architect and accountant to reimagine this +/- 1,950 sq.ft. into the ultimate live/work/investment at the legendary Sherry-Netherland Hotel. All three units (2 Studio apartments and 1 One-bedroom are in the hotel rental pool and may be rented individually or combined. The rare contiguous Staff Room, with full windowed bath, may be combined, sold, or remain with separate entrance and used for Owner’s office, storage or staff.High ceiling ranging from 9 to 9.7 feet. Quiet, North and East, courtyard-facing windows with good natural light.The Sherry’s full hotel services include daily housekeeping with evening turn-down service, 24-hour doorman, concierge, elevator attendant, fitness center and room service from Harry Cipriani. Note: All Utilities included in the monthly maintenance. Please note there is an assessment of $1,418.39/month and a 2% flip tax paid by the purchaser.The building is pet friendly and allows 50% financing. Unique among cooperatives; Foreign Buyers, and LLCs permitted with board approval.

Listing Agent

Randall Gianopulos

Sothebys International Realty License #10401205959 Listed on: 11/16/2021

Sothebys International Realty

Co-Listing Agent

Colleen Howard

Sothebys International Realty License #10401351704

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1927

Lot Details

  • 0.29 Acre Lot
  • West Facing Home

HOA Fees

  • $14,715 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 1,950 Sq Ft Home
  • Entrance Foyer
  • Home Gym
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 0001 / 01374

Community Details

Overview

  • 169 Units
  • High-Rise Condominium
  • Sherry Netherland Condos
  • Lenox Hill Subdivision
  • 38-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Co-Op

Year Built

Built in 1927

Lot Details

0

HOA Fees

$14,715 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Architectural Style: Prewar
  • Entry Level: 6
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 38

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area: 1950.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7
  • Dining Room Type: Gym

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Direction Faces: West

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area, Laundry Room

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 14715.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Stock Cooperative

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 12500.0
  • Lot Size Dimensions: 100.0 x 125.0

Building Info

  • New Construction: No
  • Building Name: Sherry Netherland
  • Units: 169
  • Total Stories: 38
  • Year Built: 1927

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01374
  • Tax Lot: 0001

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Price Changed $950,000 -4.5% $487 / Sq Ft
12/19/2024 12/19/24 For Sale $995,000 0.0% $510 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
03/01/2024 03/01/24 Price Changed $995,000 -20.4% $510 / Sq Ft
09/15/2023 09/15/23 Price Changed $1,250,000 -18.8% $641 / Sq Ft
02/21/2023 02/21/23 Price Changed $1,539,000 -10.0% $789 / Sq Ft
11/09/2022 11/09/22 Price Changed $1,710,000 -10.0% $877 / Sq Ft
07/19/2022 07/19/22 For Sale $1,900,000 0.0% $974 / Sq Ft
07/17/2022 07/17/22 Off Market $1,900,000 -- --
11/16/2021 11/16/21 For Sale $1,900,000 -- $974 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10958304

Real Estate Board of New York (REBNY)

APN: 01374-0001614