This Apartment at New York’s Plaza Hotel Has Central Park Views From Every Room
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This Apartment at New York’s Plaza Hotel Has Central Park Views From Every Room

By FANG BLOCK
Fri, Sep 16, 2022 8:45amGrey Clock 2 min

An apartment at New York’s iconic Plaza Hotel that comes with Central Park views from every room has hit the market for $7.95 million.

The residential unit, located on the 13th floor of the French Renaissance-style, mixed-use building on the southeast corner of the park, offers 1,825 square feet of living space with two bedrooms and two and a half bathrooms, according to the listing with Emily Beare of CORE.

“What is most compelling about the residence is every room is met with a punching view of Central Park…not every unit in the Plaza has this, making it a prime offering,” said Ms. Beare, who listed the property last week.

Designed by Piers von Westenholz, one of Britain’s renowned designers and antique furniture dealers, the home features high-end finishes and fixtures from both Europe and North America, while maintaining historic details including original Plaza doorknobs, high ceilings and refined built-ins, according to the listing.

The living room has northern exposures of Central Park and is adjacent to a chef’s kitchen, equipped with Nero Marquina stone countertops, mosaic Calacatta marble-tiled backsplash and appliances by Viking and Miele. All the bathrooms are adorned with custom marble mosaic patterned floors, the listing said.

The current owners, whose identity is shielded by a limited liability company, bought the apartment in 2010 for $9.25 million, property records show.

“They decided to list it as they’re not finding themselves spending as much time in New York City as they once used to,” Ms. Beare said.

Amenities at the Plaza Hotel—a National Historic Landmark built in 1907 by Henry J. Hardenbergh and whose notable former owners include Conrad Hilton and Donald Trump—include concierge services, a 24-hour doorman, Warren-Tricomi Salon, Caudalie Vinotherapie Spa, La Palestra Fitness Center, the Rose Club and the Grand Ballroom.

“The ideal buyer is someone who wants to live in one of the best units in a quintessential New York City historic building,” Ms. Beare said.

There are around 180 private residences in the hotel-condo building.



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Owning a Home in an LGBTQ-Friendly Area Comes With a Hefty Price Premium
By LIZ LUCKING
Thu, May 30, 2024 2 min

The cost of owning a home in an LGBTQ-friendly area in the U.S. comes with a hefty price premium of almost 50%, according to a report Wednesday from Redfin.

In a metropolitan area with state laws protecting LGBTQ people from housing discrimination, a home buyer needs to earn an annual income of $150,364 to afford a median priced home. That’s 46.8% more than the $102,435 buyers need to earn to afford a home in places without such protections, the online property portal said.

For the purposes of their report, a metro is considered to have protections if the state it’s located in prohibits housing discrimination based on sexual orientation and/or gender identity, Redfin explained. In the case of metro areas which span multiple states, Redfin considered the metro to have protections if at least one of the states it’s located in prohibits such discrimination.

“LGBTQ+ Americans face disproportionately large barriers to homeownership,” said Redfin senior economist Elijah de la Campa in the report. “On top of paying a premium to live somewhere that feels safe, many LGBTQ+ house hunters are earning less than the typical U.S. worker, and face discrimination while shopping for homes despite laws that prohibit it.”

The locales where individuals identifying as LGBTQ make up the largest share of the adult population are also those where housing is the least affordable, the report found.

In San Francisco, where 6.7% of the adult population identifies as LGBTQ—the highest share of any of the 54 metropolitan areas Redfin analyzed—only 5.1% of listings last year were affordable based on the median local income, one of the lowest shares in the country.

In Portland, Oregon, which had the second highest share of LGBTQ adults at 6%, only 6.7% of homes for sale were affordable; in Austin, Texas, where 5.9% of the adult population identifies as LGBTQ, 2.9% of listings were affordable.

And in Seattle and Los Angeles, where LGBTQ adults make up 5.2% and 5.1% of the population, 4.8% and 1.9% of homes for sale were affordable, respectively.

All but one of those top LGBTQ metros—Austin—has state-level protections, the report said.

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