Plaza Hotel (The) Condominiums | The Real Deal New York

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Plaza Hotel (The) Condominiums

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

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 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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