1 Central Park W Unit 316, New York, NY 10023

Property Description

OVER $200,000 PRICE REDUCTION - FULL RENOVATION ASSESSMENT DISCOUNTED BY THE SELLER. FIRM PRICE. Now offered at $499,000 , reduced from the original asking price of $715,000. The seller has discounted the purchase price to reflect the full cost of the upcoming renovation assessment. At this price, no further negotiation is anticipated. Owners may personally occupy the residence for up to 179 days per year. During the remaining eligible days, the residence participates in the hotel's rental program and is professionally rented and managed by the hotel, offering a streamlined opportunity to generate income when the owner is not in residence. Central Park and Columbus Circle are just outside your door-enjoy the ultimate New York lifestyle while generating income at the same time. Welcome to Residence 314, a fully furnished, oversized luxury condominium within a five-star hotel on prestigious Central Park West. This turnkey residence offers a seamless combination of personal use and investment potential in one of Manhattan's most sought-after locations. Residence 314 is scheduled to undergo a comprehensive three-month renovation from January 3 through March 31, 2028, as part of the hotel's property-wide renovation program. The project will include building improvements, repairs, and the replacement of furniture, fixtures, carpeting, and other finishes, delivering a beautifully refreshed hotel residence. The estimated renovation assessment for Residence 314 is approximately $200,000. The seller has reflected the entire assessment in the dramatically reduced purchase price, creating an exceptional opportunity to acquire a newly renovated residence at a significant discount. The apartment features expansive floor-to-ceiling windows showcasing dynamic views of Broadway and the surrounding Manhattan skyline. The open living and dining area is thoughtfully designed for both relaxation and entertaining while overlooking the energy of Columbus Circle. A fully equipped kitchen with high-end stainless-steel appliances adds functionality and convenience. The spa-like marble bathroom features a sleek glass-enclosed shower and refined vanity, creating a clean, modern aesthetic. Ownership includes access to exceptional five-star hotel services and amenities, including daily housekeeping and optional laundry valet. Residents enjoy a state-of-the-art fitness center, a 55-foot lap pool, sauna, steam room, business center, conference rooms with a library, bike storage, and a 24-hour attended garage with valet parking. For dining, the renowned Jean-Georges restaurant is located within the building, with the additional convenience of in-room dining service. Whether you are seeking a refined Manhattan pied-à-terre or a hassle-free investment, Residence 314 delivers personal enjoyment, professional hotel management, income potential, and exceptional value in one of New York City's most iconic locations.