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

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.

There are 10 local council areas scattered along the East Coast of Australia that offer both affordability and solid fundamentals for sustainable future growth, according to the research team at residential property network, PRD. The areas have been selected based on five criterion. They are affordability – defined as a median house price below $600,000, rising house values, strong rental yields to encourage investment, a strong pipeline of residential, commercial and infrastructure projects to facilitate local economic development, and low unemployment.

Here are Australia’s 10 most affordable regional property markets with great future potential.

Mackay, QLD

Mackay is a tropical coastal area located in north Queensland. It’s known for its closeconnection to the Great Barrier Reef. The median house price is $462,750, up 8.9 percent in 2023. Mackay attracts a lot of interstate migrants and is home to more than 120,000 people. It has a healthy economy with an unemployment rate of 3.7 percent and $1.7 billion worth of projects due to commence this year.

Toowoomba, QLD

The Toowoomba median house price was up 10.9 percent in 2023.

Toowoomba is located west of Brisbane and is known for its Victorian buildings, street artand surrounding national parks. The median house price is $560,000, up 10.9 percent in 2023. The city has a population of more than 180,000. The unemployment rate is 4 percentand there is $6.1 billion in projects commencing in 2024.

Townsville, QLD

Townsville is a coastal city in north-eastern Queensland. The median house price is $420,000, up 5 percent in 2023. It is home to more than 200,000 people. Unemployment is very low at 2.5 percent and there is $3.2 billion of projects commencing this year.

Dubbo, NSW

Dubbo is located west of Newcastle in the Orana Region and is home to the Western Plains Zoo. The median house price is $530,000, up 11.6 percent in 2023. The population has exploded in recent years to more than 56,000 people. The unemployment rate is just 2.2percent and the economy is thriving. There is a pipeline of $4.7 billion in projects commencing this year.

Tamworth, NSW

Located in north-east NSW, Tamworth is known for its popular annual Country Music Festival. It’s also the largest retail centre for the New England and Northwest Slopes regions. The median house price is $490,000, up 14 percent in 2023. With a population of more than 65,000 people, the economy is strong with unemployment of just 2 percent and $112.4million worth of projects commencing this year.

Griffith, NSW

Located west of Sydney and northwest of Canberra, Griffith is known for its prime produce production and wine cultivation. The median house price is $531,000, up 2.1 percent in 2023. Griffith’s population is about 27,000 people. The city boasts high economic resilience with a 2 percent unemployment rate and $258.7 million in projects in the pipeline.

Ballarat, VIC

Ballarat is a 1.5–hour drive west of Melbourne. It’s popular with city commuters who move here for housing affordability and a relaxed lifestyle with easy access to the city via train. The median house price is $570,000, down 4.2 percent in 2023 but up 92.9 percent over the past decade. The city has the third highest population in Victoria at about 118,000. Ballarat has an unemployment rate of 3 percent and a total projects pipeline worth $2.3 billion for 2024.

Shepparton, VIC

Shepparton is a rural area about two hours north of Melbourne. It is popularly referred to as ‘the food bowl of Australia’. The median house price is $475,000, up 4.4 percent in 2023. The population is about 70,000. The unemployment rate is just 2 percent and there is $1.8 billion in projects for 2024.

Wodonga, VIC

Wodonga is located on the border of NSW on the southern side of the Murray River. It is approximately 320km from Melbourne and 345km from Canberra. The median house price is $567,250, up 4.7 percent in 2023. With a population of about 44,000, the city’s jobless rate is 3 percent and there is $388.2 million in development set to commence in 2024, primarily new infrastructure.

Burnie, TAS

Burnie is a bustling port city located in Emu Bay in Tasmania’s north-west. Overlooking beaches and parklands, the area is known for its rich agriculture and mining projects. The median house price is $435,000, up 3.6 percent. Despite a rising population, the unemployment rate is falling and is currently 5.6 percent. In 2024, Burnie’s project pipeline is valued at approximately $1.6 billion. A significant portion is commercial development, primarily renewable energy projects.