THE DAKOTA 1 West 72nd Street  at Central Park West

 In 1884, the New York Daily Graphic called it:

"one of the most perfect apartment houses in the world"

Today more than 100 years later, the Dakota still has fabulous apartments and magnificent views. Some of The Dakota's most famous former and current residents are Lauren Bacall, Judy Holiday, Rosemary Clooney, John Lennon and Yoko Ono, Gilda Radner and Barlis Karloff. The Dakota is filled with stories about it's famous residents. The most famous is John Lennon's murder outside the Dakota in December 1980. A section of Central Park opposite the Dakota has been named strawberry fields. At the time of the murder, many Americans were already familiar with the Dakota because of the famous film, Rosemary's Baby which had been shot there 12 years earlier.

The Dakota became a co-op in 1961. It has 10 floors and 103 apartments. The building only allows 50% financing, requires board approval and has a transfer fee paid by buyers of 2% of the sale price.

Carlie Simon was recently rejected by the board to purchase a 1 bedroom apartment. Apparently the board felt someone of her stature should be buying a larger apartment and they believed she was not buying it for her self but her son. Sean Lennon was also turned down for a purchase of an apartment and his mother Yoko is a board member. Yoko owns a couple of apartments on two floors. Her office is also in The Dakota.

Currently on the market there is one active listing in the Dakota. A 1 bedroom 1 bath with 2 fireplaces and park views. It is listed at $1,900,000 the monthly maintence is $2306. It has been on the market for 45 weeks and was originally listed at $2.150 million. 

Manhattan real estate in history/ today

A blog series by Mitchell Hall 

Landmark Living

Starchitect Skyline 19th - 21st homes

The Castle 455 Central Park West

The Ansonia

Apthorp Apartments

The Beresford

The Dakota

50 West 86th    

Hotel des Artistes

 

 

15 Comments on Manhattan Real Estate in history/today: The Dakota

AUG
22
2006
434,704 Points 70 Featured Posts Outside Blog

Maintence at $2300 per month for what? The address? i`m so happy I left the rat race of Manhattan in the early 80`s. I once owned a studio apt on 13st near Bway. I thought I overpaid when i purchased it for $150K...

It`s mind boggling how the NYC market truly is an island all to itself.

7:44am • #1
154,113 Points 18 Featured Posts Localism Sponsor Outside Blog

Scott,

I know $2300 is alot. taxes are included, common charges a really old building requires expensive upkeep. But doorman and the building staff have a good union they all get paid well.

13th St. near  Bway - studio in Greenwich village near NYU it must be at least $500,000 now.

12:02pm • #2
DEC
27
2006
258,621 Points 102 Featured Posts Outside Blog
...and I complain about $230/month
11:20pm • #3
MAR
13
2008
Haha Scott, You'd be a ten times as rich if your attitude hadn't blinded you to keeping your prized 13th and Broadway apartment. 
cesar
2:05pm • #4
JUN
27
2008

Any idea how much the Lennons paid for their apartment in April, 1973?

TB
4:39pm • #5
JUN
28
2008
154,113 Points 18 Featured Posts Localism Sponsor Outside Blog

Hi TB, I beleive it was under $1 million. 

5:53pm • #6
AUG
13
2008

bbbb

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10:13pm • #7
SEP
27
2008

WHERE CAN I GET A HISTORY OF PRIOR SALES PRICES AT THE DAKOTA, GOING BACK SEVERAL YEARS?

THANK YOU!

CS

CS
6:36pm • #8
SEP
28
2008
154,113 Points 18 Featured Posts Localism Sponsor Outside Blog

The New York City Department of Finance: Automated City Register Information System.

ACRIS: Online City Register

10:43am • #9
DEC
17

It is well well well :) above my means for now, but one day I would love to have a place in that building! It is just beautiful even though it has somewhat a creepy history with the murder and the movie :) Also, the building was declared a National Historic Landmark on December 8th 1976. Not same year but same day as my birthday! :) 

Dee
12:56am • #11

Coincidentally, Lennon was murdered on Dec. 8th 1980 in front of the Dakota, hmmm! :(

Dee
1:00am • #12
JAN
24

How does one purchase an apartment here? Is there a management company? A waiting list to be put on to? What is the application and interview experience like? Just curious. My husband has always wanted to live in the Dakota building.

Natali
8:49pm • #13
JAN
25
154,113 Points 18 Featured Posts Localism Sponsor Outside Blog

Hi Natali,

The Dakota has been a coop since 1961 the sales are resales from individual shareholders. The apartments are listed through brokers when they become available. There are curently 4 apartments for sale ranging from $7.5 milion for a 1 bedroom /3 bath to $19.5 million for a 4 bedroom/4 bath with monthly maintenance of $6000 to $8237. There is a 2% transfer fee paid by the buyer.

The minimum financing allowed is 50%. They have strict financial requirements.The building has a formula as to the financing restrictions. A high net worth is required. I can help financially qualified buyers purchase there.

12:51am • #14
APR
16

I was wondering if you could tell me who currerntly owns the dakota property.  I have a friend who says he's good friends with the man who is suppossed to own the Dakota property.  All I know is supposedly this man's first name is Thomas. I would love to know. Thanks

Shelby
7:30am • #15
154,113 Points 18 Featured Posts Localism Sponsor Outside Blog

The Dakota is a cooperative apartment building. A cooperative is a corporation. All of the individual residents of the Dakota have shares in the corporation. Seven shareholder/residents are directors of the coop board. The coop owns the property.

8:19am • #16

This blog does not allow anonymous comments

 
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Mitchell Hall - Manhattan Real Estate

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