A first look inside the Waldorf Astoria, completely overhauled for luxury condos

Luxurious Art Deco-inspired finishes, including white and black marble foyer floors, lacquered surfaces and bronze accents, will adorn the 375 condos in New York City’s landmarked Waldorf Astoria when its condo conversion is completed in 2022.

Dajia Insurance Group, a Chinese company formerly known as Anbang Insurance Group, bought the New York City icon, a mammoth 1930s hotel a few streets north of Grand Central Station, for $1.95 billion in 2015 and set out on an ambitious plan to convert the upper floors into high-end condos. Off-plan sales, led by Douglas Elliman agent Dan Tubb, which began quietly earlier this year, kicked off officially on Wednesday.

The vast majority of the residences, which start at around $1.7 million, will be studio, one-bedroom and two-bedroom units — a calculated decision on the part of the developer given sales have launched during a significant glut in the city’s luxury market, particularly for larger trophy homes asking tens of millions of dollars.

Some of the pricier two-bedrooms units, asking as much as $10 million, come with terraces, created by the Waldorf’s tapering architecture. It will be the first time ever that residents have access to the outdoor spaces the building’s setbacks naturally create, says Frank Mahan, associate director of architecture firm Skidmore, Owings & Merrill, which is leading the building restoration.

The Waldorf Astoria, among the city’s most glamorous hotels, attracted a steady stream of elite guests and long-term residents from Hollywood icons such as Marilyn Monroe and Elizabeth Taylor to U.S. presidents and foreign royalty.


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