Central Park Tower Condominium

The Building

Fine Print

What's Specific to It

• Nordstrom is a co-declarant. The plan says Nordstrom owns the land below a set elevation, the sponsor owns everything above it, and Nordstrom will own the Retail Unit. The two are unaffiliated, and the retail side carries about 24% of the common interest.
• The boards can't police the store. Per the plan, neither the Condominium Board nor the Residential Board can restrict uses of, or alterations to, the Retail Unit, and the sponsor makes no promises about who will own or use it in the future.
• A dining club with a fixed fee. Each residential unit is assessed $2,000 a year for private resident dining, and the condo bears all operating losses of the program.
• Third-party amenity staff. A separate operator is budgeted at about $800,000 to run the amenities, staffing the fitness center and providing pool lifeguards.
• No reserve fund. The plan sets up no reserve fund; instead, buyers pay two months of common charges into working capital at closing.
• The sponsor can keep the laundry room revenue. Every unit gets its own washer and dryer, but the sponsor reserves the right to lease the shared basement laundry room to itself and keep what it earns.

The tower's listings concentrate on views and square footage. The Central Park Tower offering plan, the condo plan the developer filed with the New York Attorney General, gets into the parts that decide what living there is like and what it costs. Here's what stands out. (New to these documents? Start with what a condo offering plan is.)

Fine Print Worth Knowing

• Split ownership of the site. The plan explains that the sponsor sold Nordstrom the part of the site below a horizontal plane about 255 feet above datum and kept everything above it. Nordstrom joins the condominium as a co-declarant and will own the Retail Unit.
• The retail side has its own protections. Some sponsor rights in the declaration are limited where they would materially harm the Retail Unit's use or what the declaration calls "Nordstrom Areas of Concern." Meanwhile, the residential boards can't restrict the retail unit's use or alterations.
• Shared costs are divided by formula. General common expenses are split roughly 76% residential and 24% retail, though some lines are divided by actual usage.
• No reserve fund. Expect a working capital contribution of two months' common charges when you close.
• Laundry room revenue. The sponsor can lease the shared laundry room to itself or an affiliate, hire an operator and keep the revenue.

FAQ

Does Nordstrom have anything to do with the condo?

Yes, but only on the retail side. According to the plan, Nordstrom owns the lower part of the site, will own the Retail Unit as a co-declarant and pays the retail share of general common charges. It is unaffiliated with the sponsor, and the plan makes no promises about the Retail Unit's future use or owner.

What is the Central Park Club?

It's the plan's name for the resident amenities on Floors 14, 16 and 100: a pool terrace, lounge, screening room, playroom, gym, locker rooms with saunas, a spa room, a ballroom and a private dining room and bar.

Do owners have to pay for the restaurant?

Every residential unit was assessed $2,000 a year for dining in the first-year budget, with meals billed on top of that, and the condo absorbs any losses the dining program runs.

Is the staff union?

The plan expects union employees under the Local 32BJ contract: a resident manager, handymen, round-the-clock concierges and doorman, a hallman, a package room attendant and nine porters.

Where this comes from: the building's offering plan as filed with the New York Attorney General (plan CD160240), including its Schedule B notes, amenity descriptions and specifications. Figures are the sponsor's first-year projections, rounded. Updated October 2026.