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Commanding the entire 18th floor of the legendary Sherry Netherland Hotel, this extraordinary full-floor residence presents a once-in-a-generation opportunity to own an expansive, light-filled home with over 100 feet of direct Central Park frontage and breathtaking 360-degree views of the Manhattan skyline. From the iconic Grand Army Plaza to the architectural grandeur of The Plaza Hotel, the vistas are nothing short of cinematic-daylight pours in from all directions, and by night, the city glows in a spectacular display.
Spanning approximately 7, 000 square feet, this distinguished high-floor simplex features three remarkable terraces facing west, south, and north, each offering a rare sense of openness and privacy atop one of New York's most storied addresses. An abundance of natural light, soaring proportions, and the unrivaled scale of this residence lay the foundation for an exceptionally elegant and personalized home.
Significant architectural preparation and partial demolition have been completed to provide a blank canvas on the northern side of the apartment. This sunlit expanse opens directly to the northern and western terraces, each framing unobstructed views of Central Park. Meanwhile, the southern portion of the residence retains its previously defined living areas, offering an intriguing blend of past elegance and future possibility.
The previous layout showcased five expansive entertaining rooms-all oriented toward the park-including a grand corner living room, a formal dining room, a richly appointed library with wet bar, and a sun-drenched den that accessed both larger terraces. Numerous bedrooms, dressing rooms, and eight bathrooms offered versatility and scale, perfectly accommodating both grand entertaining and intimate living.
There are two staff rooms on the 7th and 22nd floors that convey with the apartment.
This is a rare opportunity to create a showplace residence within one of Manhattan's most prestigious pre-war cooperatives. Residents of The Sherry Netherland enjoy an unparalleled suite of white-glove amenities, including 24-hour doormen and elevator attendants, daily housekeeping with evening turndown, full concierge services, valet parking, room service by Harry Cipriani, a fitness center, barber shop, and beauty salon. The building permits 50% Financing. There is a 2% flip tax paid by the purchaser.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
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$12,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $9,600,000 | $9,600,000 | $9,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.028% | 5.858% | 5.681% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $50,078 | $56,023 | $78,440 |
| Total Monthly Payment | $50,203 | $56,148 | $78,565 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.