The iconic Waldorf Astoria building in Midtown is in the midst of receiving a conversion that will transform the space into a condo-hotel hybrid and new floorplans obtained by The Real Deal give an idea of what to expect for a few of its residential units.
The former 1,413-key hotel will get 352 condos that will average around 1,747 square feet each, ranging in size from studios to four-bedrooms. Instead of a single crowning penthouse, developer Anbang Insurance Group has opted for four massive condos on the highest floors that each span more than 6,100 square feet and come with a private terrace. One of those residence will measure an impressive 6,647 square feet and will include a 3,589-square-foot terrace.
TRD reports that a two-bedroom residential manager’s unit will be priced at $3.1 million, or $1,568 per square foot, however pricing for the rest of the units has yet to be revealed.
Earlier this year, the Chinese government’s takeover of the Anbang Insurance Group Co., over suspicions that its chairman had participated in illegal fundraising and abused his power, raised questions about the future of the project, but for now, it’s business as usual. Developers filed an offering plan with the New York Attorney General’s office in March, which revealed that the hotel room count was being significantly decreased down to just 350.
The bulk of the lower residential floors will have around 28 condos per floor, decreasing as the floor number increases and floors 40 through 42 will have just two condos a piece.
Here are the floorplans for the four sprawling condos that will occupy the higher floors: