Sherry Netherland Hotel

781 Fifth Avenue, 613/614/615/616/619

Upper East Side   |   East 59th Street & East 60th Street

Price Drop
Co-op [Full Service]
$ 995,000 [ 20.4% | $ 255,000 ]
Rooms 7
Bedrooms 3
Bathrooms 3
Status Active
Maintenance [Monthly] $ 14,130
Financing Allowed 0%
Listing ID: 1962490

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

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Property Description

Amazing Opportunity to purchase 3 Bed/ 3 Bath + Adjacent Staff Room w/Bath. Multiple-Unit Contiguous Hotel-Pool Compound. Bring your architect and accountant to reimagine this +/- 1,950 sq.ft. into the ultimate live/work/rental at the legendary Sherry-Netherland Hotel on the Plaza, Fifth Avenue & 59th Street. All three units are in the hotel rental pool and may be rented individually or combined. The rare Staff Room is contiguous to one of the units and may be combined or remain with separate entrance. High ceiling ranging from 9 to 9.7 feet. Quiet, North, 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. Utilities included in 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.
Amazing Opportunity to purchase 3 Bed/ 3 Bath + Adjacent Staff Room w/Bath. Multiple-Unit Contiguous Hotel-Pool Compound. Bring your architect and accountant to reimagine this +/- 1,950 sq.ft. into the ultimate live/work/rental at the legendary Sherry-Netherland Hotel on the Plaza, Fifth Avenue & 59th Street. All three units are in the hotel rental pool and may be rented individually or combined. The rare Staff Room is contiguous to one of the units and may be combined or remain with separate entrance. High ceiling ranging from 9 to 9.7 feet. Quiet, North, 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. Utilities included in 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 Courtesy of Sotheby's International Realty, Inc.

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Apartment Features

A/C
781 Fifth Avenue Upper East Side New York NY 10022

Building Details [781 Fifth Avenue]

Ownership Co-op
Service Level Full Service
Access Attended Elevator
Pet Policy Pets Allowed
Block/Lot 1374/1
Building Type High-Rise
Age Pre-War
Year Built 1927
Floors/Apts 38/139

Building Amenities

Business Center
Fitness Facility
Hotel Style Service
Housekeeping
Laundry Rooms
Valet Service

Building Statistics

$ 940 APPSF

Closed Sales Data [Last 12 Months]

Mortgage Calculator in [US Dollars]

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Loan Amount

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.