The listing facts are current enough for an initial property review.
1 Central Park W Unit 502
Listing Notes
Perfect for a 1031 Exchange or Pied-a-Terre. Unit 502 is an 1182 sf 2 bedroom At 1 CPW- It is in the 5 Star Trump Hotel. This unit has been split into 2 rental properties that the hotel rents as both a 1 bedroom and separately a studio. All rooms face the Park and the rental history is strong. An owner can use it as a 2 bedroom, or any way they wish. There are no restrictions on usage by the owners and they can use 365 days a year if they want. The hotel rents for you when not using , and you get the income after expenses. There is room service from 2 Star Michelin restaurant Jean Georges. The health club has the latest equipment and a salt water pool. Please call or email for an showing or financial information. Unit 502 is an 1182 sf 2 bedroom At 1 CPW- It is in the 5 Star Trump Hotel. This unit has been split into 2 rental properties that the hotel rents as both a 1 bedroom and separately a studio. All rooms face the Park and the rental history is strong. An owner can use it as a 2 bedroom, or any way they wish. There are no restrictions on usage by the owners and they can use 365 days a year if they want. The hotel rents for you when not using , and you get the income after expenses. There is room service from 2 Star Michelin restaurant Jean Georges. The health club has the latest equipment and a salt water pool. Please call or email for an showing or financial information.
Market Insights
$1857/sqft vs a nearby median of $1905/sqft.
- -2.5% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,182 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 4.7% below the fair value — likely to draw competing offers if it's still on market.
- Transit access+$92k +4.0%
- Days-on-market gravity−$69k −3.0%
- Mid-century building era−$35k −1.5%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 539 days
- Last price change
- No change recorded
- Listed
- Nov 19, 2024
- Photos
- 15 photos
- Property type
- condos
- Status
- for sale
- Last sold
- Aug 25, 1998 · $765,000
Features & Amenities
Photos
Building Facts
- Year built
- 1960
- Stories
- 44
- Total units
- 342
- Residential units
- 156
- Building area
- 11.97 ac
- Lot size
- 1.17 ac
- Land use
- Mixed residential and commercial buildings
- Building class
- RM
From NYC public records where available.