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    Plaza Hotel (The) Condominiums

    768 Fifth Avenue
    New York, NY 10019
    212-807-6161
    Office, Retail, Sales, Leasing/Rental, Condo

    The sponsor(s) filed plans on 02/07/06 for a condo project at 768 Fifth Avenue with 191 residential units. The sponsor(s) were approved to market the units for sale on 06/20/06. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

    • Address 768 Fifth Avenue
    • neighborhood Midtown
    • borough Manhattan
    • owner Elad Group
    • developer ELAD GROUP
    • owner entity CPS 1 REALTY LP
    • architect Victor K. Han Architect
    • PLANS DISCLOSED 02/07/2006
    • dob permit issued 06/14/2011
    • tco issued 06/04/2007
    • DOB FILE PLANS 06/06/2005
    • DOB FILE Link
    • LIST/LAUNCH SALES 06/20/2006
    • height in feet 251
    • floors 19
    • AG Initial Price $ 365,555,000
    • ag file plans 02/07/2006
    • AG FILE Link
    • residential units 191
    • commercial units 3
    • hotel units 0
    • total units 336
    • square feet 779,616
    • const. status CONDO COMPLETE
    • block and lot 1-01274-7504
    • BIN 1035253
    Condominium Units+
    • Event Sales
    • Building Name Plaza Hotel
    • Address Plaza Hotel, 768 Fifth Avenue
    • Neighborhood Central Park South
    • Borough Manhattan
    • Square feet 715,226
    • Price $ 600,000,000
    • Publication Date 07/09/2018
    • Event Date 07/09/2018
    • Party 1 Sahara US, Dream Hotel Group
    • Party 2 Katara Holding
    notes
    The buyer secured the Central Park South hotel for $600 million.
    • Event Retail Leasing
    • Building Name Fifth Avenue and Central Park South
    • Address 1 West 58th Street
    • Neighborhood Central Park South
    • Borough Manhattan
    • Square feet 4,720
    • Publication Date 04/01/2012
    • Event Date 02/21/2012
    • Party 1 Elad Group
    • Party 1 Brokerage In-house
    • Party 2 Angelo Galasso
    • Party 2 Brokerage Crown Acquisitions
    • Party 2 Broker Ralph Chera, Jordan Barker
    notes
    The menswear designer signed a lease for retail space at the Plaza Hotel's Edwardian Room.
    • Event Financing
    • Building Name Plaza Hotel
    • Address 768 Fifth Avenue
    • Neighborhood Central Park South
    • Borough Manhattan
    • Publication Date 12/01/2008
    • Event Date 10/22/2008
    • Party 1 El-Ad Group, Kingdom Holding
    • Party 2 HSBC Bank, Transwestern Realty Finance Partners
    notes
    A $260 million financing was provided to convert a construction loan for the hotel portion of the property into a long-term, permanent mortgage. The refinancing included a $40 million mezzanine loan provided by Transwestern Realty Finance Partners. 21-story mixed-use building.
    • Event Sales
    • Building Name Plaza Hotel
    • Address 768 Fifth Avenue
    • Neighborhood Central Park South
    • Borough Manhattan
    • Price $ 500,000,000
    • Publication Date 11/01/2005
    • Event Date 09/22/2005
    • Party 1 Elad Group
    • Party 2 Prince Alaweed bin Talal
    notes
    The sale of the non-condo part of the Plaza, worth $500 million, is subject to the approval of the state attorney general's office, which could come as soon as the end of October. Prince Alaweed sold the Plaza for $675 million in August 2004.
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