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The Olcott, 27 West 72nd Street, #505

$3,350,000 ($1,837 per ft2) -5% | 3 beds, 3 baths | Approx. 1,824 ft2
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76 days on Market

Key Details

  • Listed: Feb 13, 2024
    Last Price Change: -5% ($175,000) on Apr 6
    Days on Market: 76
    Building Type: Condominium
    Neighborhood: Central Park West (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $2,478
Monthly Real Estate Taxes: $2,504
Total Taxes & Fees: $4,982 ($2.73/ft2)
Est. Monthly Mortgage: $18,501
Total Est. Monthly Carrying Cost: $23,483 ($12.87/ft2)
Note: the above is based on a down payment of 20% ($670,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This spacious 1,824 square-foot, 3-bedroom 3-bathroom apartment is located in the iconic Olcott Condominium, a landmark building in the Upper West Side, just half a block from Central Park and in close proximity to some of the city’s best restaurants, cafes, bakeries, boutique shopping, and the Lincoln Center for The Performing Arts.
  • Modern Comforts: The apartment offers modern comforts including a private washer and dryer, high, beamed ceilings, gracious proportions, and a large, sunny living room with beautiful herringbone white oak floors.
  • Designer Kitchen: The open, designer kitchen features Italian custom cabinetry, Ceasarstone countertops and breakfast bar, an integrated subzero refrigerator, Miele dishwasher, and Dacor 5-burner range.
  • Spacious Bedrooms and Bathrooms: The generously sized bedrooms come with ample storage and ensuite bathrooms appointed with Waterworks fixtures, handmade glazed tiles, and radiant heated floors.
  • Pet-Friendly: The building is pet-friendly and offers a very central Upper West Side location, close to subway stations and excellent shopping and many restaurants.
  • Building Amenities: The building offers a range of amenities including a 24-hour doorman, full building staff, on-site building manager, gym, playroom, resident lounge, cold storage, bike room, laundry on every floor, concierge, full service garage, central AC, elevator, mail room, fitness center, in-unit washer/dryer, bike room, and live-in superintendent.

Description

Don’t miss the opportunity to make this gorgeous, south-facing, 1,824 square-foot, 3-bedroom 3-bathroom apartment with PRIVATE STORAGE your new home at the iconic Olcott Condominium! With high, beamed ceilings and gracious proportions, this spacious apartment is the perfect blend of prewar grandeur and modern comforts including your own washer and dryer in one of the most coveted Upper West Side luxury residences, located just half a block from Central Park.

The entry foyer leads to the shared rooms of the home with a large, sunny living room boasting beautiful herringbone white oak floors and an adjacent separate formal dining area across from the chef’s kitchen. The open, designer kitchen features Italian custom cabinetry, Ceasarstone countertops and breakfast bar, integrated subzero refrigerator, Miele dishwasher, and Dacor 5-burner range.

The three bedrooms are all generous in size with ample storage and the two larger bedrooms each feature an ensuite bathroom.

Each of the three bathrooms is appointed with Waterworks fixtures, handmade glazed tiles, and radiant heated floors. The pristine primary bathroom also features a separate soaking tub and standing shower.

The Olcott is an Upper West Side landmark built in the 1920’s as a luxury hotel and converted to a White Glove condominium in 2006 by celebrated architect Andrew Escobar.

The stunningly restored lobby harkens back to the opulence of old New York. Residents are treated to an array of the highest caliber of services and amenities with a 24-hour doorman and full building staff, including an on-site building manager, and well-equipped gym, playroom, resident lounge, cold storage, bike room and laundry on every floor (in addition to your in-unit W/D). The Olcott is a pet friendly building with Central Park at the end of the block and close proximity to some of the city’s best restaurants, cafes, bakeries, and boutique shopping.
There is currently an assessment in the amount of $520.83 running through December 2024.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Olcott, 27 West 72nd Street

74

The Olcott, 27 West 72nd Street has received a CityRealty Rating of 74, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

20
Out of 44
+
29
Out of 36
+
17
Out of 39
+
8
=
74
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Exposed 0 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2005
  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Children's Playroom
  • Lounge
  • Fitness Center
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent

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Pros
  • Very central Upper West Side location
  • Handsome, pre-war building
  • Entrance marquee
  • Concierge
  • Close to subway stations
  • Excellent shopping and many restaurants nearby
  • Consistent fenestration
  • Not too far from the Lincoln Center for The Performing Arts
  • Bicycle room
  • Ornate elevator doors in lobby
Cons
  • Many apartments
  • No garage
  • No sidewalk landscaping
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Subways

  1. B
  2. C
at Central Park West 0.12 miles
  1. 1
  2. 2
  3. 3
at Broadway 0.25 miles

Aerial Imagery

 

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