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for saleRealtyLens property overview
$2,195,000

1 Central Park W Unit 502

Manhattan, NY, 10023
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2Beds
2Baths
1,182Sqft
$1857$/sqft

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

Near nearby median-2.5%

$1857/sqft vs a nearby median of $1905/sqft.

Nearby median$1905/sqft
Nearby properties8
Property size1,182 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

Yardstick fair value$2.30M$2.12M$2.48M · 62% confidence
vs ask $2.19M−$104k (−4.7%)

Asking price is about 4.7% below the fair value — likely to draw competing offers if it's still on market.

$1,955/sqft median across 3 tight comps × 1,182 sqft= $2.31M
  • Transit access+$92k +4.0%
  • Days-on-market gravity−$69k −3.0%
  • Mid-century building era−$35k −1.5%
Cumulative NYC adjustments−$12k−0.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-2.5% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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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

DoormanElevatorSwimming PoolTwo Or More StoriesGarage 1 Or MoreWaterfrontRental Property

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.

Price History

May 4, 2026Initial record
$2,195,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.