150 Central Park South | New York, NY | Luxury Real Estate

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Notes

New York, NY

Bidding Started On:

January 27, 2021 at 6:00 PM EST

Bidding Closed | Available for Offers

Description

Welcome home to the most iconic three-story penthouse of New York City's future steeped rich in its history. A once-in-a-lifetime investment opportunity perched 37 floors above the 50-yard line of Central Park South on Billionaires' Row, this unparalleled real estate offering presents an irreplicable chance to reside in one of the most unique and trophy penthouses in the world. Modern luxury and exquisite views abound atop the historic and iconic c1930s Hampshire House, one of Central Park’s most exclusive white glove buildings, featuring unparalleled, low carry costs (approx $60K/year).

Property Features

$100,000 Bidder Deposit Required

Listed for $40M. Fixed finishing costs of $15M–$20M. Reserve $19.5M.

Total

Approximately 9,650sf interior and exterior space | Three-story penthouse | Plans for 5-bedroom, 5 full and 1 half bath residence

Architectural Features

Iconic post-depression architecture; Steeply-pitched copper roof with two tall chimneys; Pre-approved construction-plans designed by SPAN Architecture

Outdoor Features

More than 1,200sf of outdoor entertaining space, including plans for a 425sf terrace facing Central Park with a glass railing; Expansive views of the park and Midtown skyline

Elevator to the 37th floor with dedicated private elevator inside the residence

Low carry costs: complete annual cost estimated at approximately $60K including taxes and co-op fees in perpetuity.

Building Amenities

Doorman and concierge; Fitness club; Spa in the building ; Off-site valet parking; Historic cache and notable list of past residents including the artist Frida Kahlo and tenor Luciano Pavarotti

Location

Coveted Central Park South address, across the street to the main entrance of Central Park; Next door to the Essex House and NY Athletic Club; Few minutes’ walk from 5th Ave; Steps from the 57th St. N/Q/R/W subway; 2 blocks from Columbus Circle A/B/C/D/1/2; under 10 miles from La Guardia; Under 20 miles from JFK, Newark & Teterboro airports; 1.4 miles to Grand Central Station

All renderings are for depiction only and may vary from the actual plans.

Fees & Commissions

Buyer's Premium

12%

Buyer shall pay to Concierge a “Buyer's Premium” in addition to the Purchase Price for the Property. The Buyer's Premium is not a real estate commission; it is the fee that Concierge charges to bidders for bringing the Property to auction.

Co-Broker Commission

A commission/fee will be paid by the Seller, according to the terms of the Listing Agreement, to any properly registered Broker whose client is the successful Buyer at the Auction and whose client completes the purchase of the Property.

Location

“This is a prime investment opportunity to own an iconic piece of Manhattan real estate, ideal for property connoisseurs with interest in renovations or repositioning. With fixed finish costs of only $15 million to $20 million—and recent comps trading for $60 million to $90-plus million—there’s great potential for huge return and upside in value, especially for those who are bullish on NYC’s rebound in the next two to four years. I’m confident that whomever is fortunate enough to win this property on auction day will likely never trade it again, making it a true one-of-a-kind opportunity to be the king or queen of Billionaires’ Row that simply will never exist again.” — Shawn Elliott, Managing Director of the Ultra-Luxury Team, The Elliott Team | Nest Seekers

Map

150 Central Park South, New York, NY 10019

Contact

Project Manager, Auction Representative

Lisa Libertore

Business Developer, Auction Representative

Chad Roffers

Listing Agents

Shawn Elliott

Tal Reznik

Disclaimer

This property is listed for sale by Tal Reznick (#10401209748) and Shawn Elliott (#10491203697) of Nest Seekers International (#10391201253) – 6243 Northern Boulevard, East Norwich, NY 11732; +1 (212) 252-8772. Concierge Auctions, LLC is a marketing service provider for auctions and is a licensed New York broker (#10991209483; Broker Chad Roffers, #10491202564) — 800 Brazos Street, Suite 220, Austin, TX 78701; +1 (212) 202-2940. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, auctioneer, and sellers do not warrant or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are protected and encouraged to participate. Equal Housing Opportunity. See Auction Terms and Conditions for full details.