Seller's Agent in 2023
Erin Aries
Douglas Elliman Real Estate
3 in this area
40 Total Sales
50 Central Park S Unit 23 New York, NY 10019
Midtown NeighborhoodEstimated Value: $1,561,000 - $10,942,610
6
Beds
7.5
Baths
9,455
Sq Ft
$18,354/mo
HOA Fee
Highlights
- Concierge
- 2-minute walk to 57 Street (F Line)
- Terrace
- P.S. 111 Adolph S. Ochs Rated A-
- City View
- 3-minute walk to Grand Army Plaza
About This Home
As of December 2023Very rarely does a home of this size and provenance come to market-especially with over 120 linear feet of direct Central Park frontage. The entire 23rd Floor at The Ritz-Carlton Residences, Central Park is an incredible, sprawling simplex at nearly 9,500 square feet with five bedrooms, seven and a half bathrooms and exposures to the north, south, east, and west. Featuring a private vestibule off the dedicated residences elevator, one is welcomed by a gracious and central foyer, from which the home expands into three distinct wings: the living and entertaining spaces, a nearly 2,500 SF primary suite, and the secondary private chambers.
LIVING AND ENTERTAINING
At the core of this extraordinary home is a 44' x 22' grand room with high ceilings and double doors leading onto a 70' long terrace. This iconic, setback terrace offers the most picture-perfect, sweeping views onto Central Park, framed by the treasured buildings lining Fifth Avenue and Central Park West. Flanking this stately room are a parlor with full wet bar and full bathroom, and a formal dining room. Further west and past the dining room is a charming and bright corner living room, a gracious breakfast room, and a large chef's kitchen with a butler's pantry and direct access to a second, 55' long terrace overlooking the intersection of Central Park South and Avenue of the Americas, down towards the horse-drawn carriages entering Central Park.
THE PRIMARY SUITE
Just past the entrance foyer, and down a wonderfully bright windowed gallery, is the magnificent 2,500 SF primary suite, replete with a park-facing library (which could be reimagined as the primary bedroom), den/media room, two full and separate bathrooms, multiple walk-in closets and dressing areas, and a pin drop quiet 20' x 21' corner bedroom with city views.
SECONDARY CHAMBERS
In the southwest corner of the 23rd Floor is the secondary bedroom wing with four beautifully proportioned bedrooms-all with ensuite bathrooms-multiple closets and storage options, as well as access to the laundry room and service elevator.
With only twelve homes at the historically significant, Emery Roth-designed Ritz-Carlton Residences, Central Park, the new owners of the 23rd Floor will enjoy privacy and exclusivity, as well as access to all the services of the world-class hotel, but with their own private entrance and dedicated staff. Residents have access to the Ritz-Carlton Health Club with a new Movement Studio, the La Prairie Spa, a Club Lounge, the Contour gastro lounge, as well as the hotel business center, in-room dining services, and housekeeping upon request. Whether roaming through Central Park during any of its glorious seasons, shopping along Fifth Avenue, or taking in a show at Carnegie Hall or nearby Broadway, you are near the most famous dining, shopping and entertainment venues New York City has to offer.
There is an additional monthly reserve fund charge of $2,800
Interior Images are Virtually Staged.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $160,464
Year Built
- Built in 1931
HOA Fees
- $18,354 Monthly HOA Fees
Interior Spaces
- 9,455 Sq Ft Home
- City Views
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
Additional Features
- Terrace
- Central Air
Listing and Financial Details
- Legal Lot and Block 7503 / 01274
Community Details
Overview
- 12 Units
- High-Rise Condominium
- Residences At Ritz Condos
- Central Park South Subdivision
- 33-Story Property
Amenities
- Concierge
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2022
Closed on
Dec 22, 2023
Sold by
Frederick R Adler Grantor Trust and Joseph K Pagano Trustee
Bought by
Fortitudo Llc
Seller's Agent
Erin Aries
Douglas Elliman Real Estate
List Price
$37,000,000
Sold Price
$27,900,000
Premium/Discount to List
-$9,100,000
-24.59%
Total Days on Market
383
Views
419
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,827,797
Avg. Annual Appreciation
-67.44%
Purchase Details
Closed on
Nov 19, 2013
Sold by
Adler Frederick R
Bought by
Frederick R Adler Grantor Trust and Frederick R Adler Trustee
Purchase Details
Closed on
Jan 5, 2007
Sold by
Central South Investors Llc and % The Upper Deck Company Llc
Bought by
Adler Frederick R and Attn: Jay Nickse
Purchase Details
Closed on
Aug 6, 2004
Sold by
St Moritz Holding Residential Llc and % Millenium Partners
Bought by
Central South Investors Llc
Purchase Details
Closed on
Oct 31, 2000
Sold by
St Moritz Fee Associates
Bought by
St Moritz Holding Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fortitudo Llc | $27,900,000 | -- | |
| Frederick R Adler Grantor Trust | -- | -- | |
| Adler Frederick R | $27,000,000 | -- | |
| Central South Investors Llc | $21,179,600 | -- | |
| St Moritz Holding Llc | $64,906,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | St Moritz Holding Llc | $22,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $27,900,000 | -17.9% | $2,951 / Sq Ft |
| 07/07/2023 07/07/23 | Pending | -- | -- | -- |
| 01/24/2023 01/24/23 | Price Changed | $34,000,000 | -8.1% | $3,596 / Sq Ft |
| 09/01/2022 09/01/22 | For Sale | $37,000,000 | 0.0% | $3,913 / Sq Ft |
| 07/24/2022 07/24/22 | Off Market | $37,000,000 | -- | -- |
| 06/18/2022 06/18/22 | For Sale | $37,000,000 | -- | $3,913 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $151,074 | $1,208,397 | $306,655 | $901,742 |
| 2023 | $163,360 | $1,306,669 | $306,655 | $1,000,014 |
| 2022 | $157,273 | $1,282,086 | $306,655 | $975,431 |
| 2021 | $160,885 | $1,311,527 | $306,655 | $1,004,872 |
| 2020 | $66,099 | $1,452,621 | $306,655 | $1,145,966 |
| 2019 | $130,925 | $1,419,943 | $306,655 | $1,113,288 |
| 2018 | $152,594 | $1,305,720 | $306,655 | $999,065 |
| 2017 | $146,019 | $1,285,284 | $306,655 | $978,629 |
| 2016 | $139,937 | $1,232,070 | $306,655 | $925,415 |
| 2015 | $53,879 | $1,171,411 | $306,655 | $864,756 |
| 2014 | $53,879 | $1,056,987 | $306,655 | $750,332 |
Source: Public Records
Agents Affiliated with this Home
-
Erin Aries
-
Dustin Crouse
Seller Co-Listing Agent in 2023
Dustin Crouse
Douglas Elliman Real Estate
(570) 337-5306
2 in this area
28 Total Sales
Map
Similar Home in New York, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10925129
APN: 1274-1203
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