Manhattan Real Estate in history/today: The Dakota

By
Real Estate Agent with Compass

  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

 

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©Mitchell Hall 2006-2019

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission. 

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Rainer
434,914
Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL

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.

Aug 22, 2006 12:44 AM #1
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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.

Aug 22, 2006 05:02 AM #2
Rainmaker
314,155
Brian Brady
San Diego VA Home Loans/858-777-9751 - San Diego, CA
858-777-9751
...and I complain about $230/month
Dec 27, 2006 03:20 PM #3
Anonymous
cesar
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. 
Mar 13, 2008 07:05 AM #4
Anonymous
TB

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

Jun 27, 2008 09:39 AM #5
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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

Jun 28, 2008 10:53 AM #6
Anonymous
bbb

bbbb

Aug 13, 2008 03:13 PM #7
Anonymous
CS

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

THANK YOU!

CS

Sep 27, 2008 11:36 AM #8
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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

ACRIS: Online City Register

Sep 28, 2008 03:43 AM #9
Anonymous
Dee

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! :) 

Dec 16, 2008 04:56 PM #11
Anonymous
Dee

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

Dec 16, 2008 05:00 PM #12
Anonymous
Natali

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.

Jan 24, 2009 12:49 PM #13
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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.

Jan 24, 2009 04:51 PM #14
Anonymous
Shelby

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

Apr 16, 2009 12:30 AM #15
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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.

Apr 16, 2009 01:19 AM #16
Anonymous
elizabeth.anne

I was wondering about the average cost per square foot of living space for the Dakota. Any information ?

 

Thanks.

Jan 25, 2010 04:49 AM #17
Rainmaker
599,330
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Hi elizabeth.anne,

There is nothing average about the Dakota. The apartments are unique. Are you considering purchasing at the Dakota?

Please contact me direct at mhall@corcoran.com and I will provide more specific information about square footage and prices.

Jan 26, 2010 07:40 AM #18
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Rainmaker
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Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
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