1 Central Park South
Designed by Henry Janeway Hardenbergh, the structure was first built in 1907, with an expansion in 1921 by Warren and Wettmore and converted in 2005 into the imperious condominium residence that it is today. The enchanting symmetrical entrance consisting of two stories of windowed arches, balustrude balconies that drape the third floor, luxurious ornamented lobby, and elegant marble floors welcome the guests and give them an impression like no other mimicking late Edwardian and Medieval French Chateaux style.
Purchased by the ELAD Group for $838,000 per room in 2004, the Plaza Residences is divided into two components: the Private Residences, with 180 private condominiums and an entrance located at 1 Central Park South, and the Hotel Residences with 152 rooms and an entrance facing the 768 Fifth Avenue. The Hotel Residences offer a renting program where the owners are only allowed to use their purchased units for 120 days annually. For the rest of the days, the hotel residences will be rented out, with 95% of the profit going to the owner. With these two components and a good scheme for the individual private owners of their hotel residences, guests can now enjoy hotel life while feeling the comfort of home in this elegant structure. The design and the charming hotel ambiance makes the Plaza Residences one of the most sought after hotels and landmarks in New York.