Stop the Presses: You Can Reside at the St. Regis for Only $389K. Well, Sort of…
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Stop the Presses: You Can Reside at the St. Regis for Only $389K. Well, Sort of…

July 22, 2014

Here’s a great little twist on the New York City real estate market, courtesy of the recent trend to convert rooms in some of Manhattan’s most exclusive hotels into condominium apartments: fractional ownership—the timeshare to end all timeshares.

That’s right, now you can savor the pleasure of residing at one of the most glamorous addresses in the world with all the amenities the St. Regis has to offer, including the Remede Spa and Fitness center, salon, twice daily maid service, and 24-hour butler service—all without having to shell out the multimillion dollar sums typically associated with this kind of elegant living.

Built in the early 1900s by one of the wealthiest men in America, John Jacob Astor IV, the St. Regis, located at 2 East 55th Street and Fifth Avenue, set new standards for luxury. Over 100 years later it is still one of Fifth Avenue’s fabled gems, hosting residents like Salvador Dali and Marlene Dietrich, who turned the hotel into their home for long periods of time. For 28 days you can do the same in this 2BR/2BA apartment — including a guaranteed week at the height of the holiday season. (If you’ve ever tried to secure a hotel room anywhere near the city in December you know that week is worth its weight in gold.)

St Regis Unit 803

With nearly 1,400-square feet of beautifully appointed living space, including a separate living room, butler pantry with Sub Zero refrigerator, and marble bathrooms, a mere 28 days may simply not be enough time. If that’s the case, you’re in luck, because you can double your stay time up to 49 days by dividing the suite into two separate one-bedroom units.

St Regis Unit 803

Either way, the 11th-floor Central Park views (even more stunning on a snowy December morning) and gorgeous period details such as 10-foot ceilings, floor-to-ceiling French windows, and crystal chandeliers await your arrival. And since the residence comes fully furnished, all you need to do is show up and enjoy.

St Regis Unit 803

Not only will you be surrounded by the best of everything inside this apartment, but you will also experience the best New York City has to offer since the St. Regis is steps away from Fifth Avenue’s world renowned shopping, St. Patrick’s Cathedral, Rockefeller Center, Central Park, Broadway theaters, museums and more fine dining options than you can imagine.

This opportunity to have a shared pied-à-terre at one of the most famous addresses in the world is not to be missed.

[Listing: St. Regis, 2 East 55th Street 803 by Robert Mobley of Town Residential]

[Via CityRealty]

Photos courtesy of Town Residential.

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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