Buy at the Ritz-Carlton NoMad for the ideal ownership setup: have a pied-a-terre in New York, limited to 120 days of use per year, and put the property into the Ritz's hotel pool for the remaining days, while enjoying a revenue share of the profits. Ownership use is limited to 29-day consecutive periods and a total of 120 days per year. The building has legally circumvented local AirBnB laws and expertly markets and advertises to achieve some of the highest nightly rental rates in the city.
Perched about 500 feet above New York's NoMad and sitting above a five-star hotel, PH42B is one of only sixteen residences designed by world-renowned architect, Rafael Vinoly. This home has quite literally some of the best downtown views in the entire city, and an owner gets to enjoy all-day light, exquisite finishes, five-star services and unrivaled amenities.
Inside the residence is a Poliform kitchen with honed quartzite countertops and backsplash, bronzed cabinetry with LED lighting, and integrated Miele appliances. The ceilings are ten feet high and the apartment is accentuated by stunning white oak floors and custom millwork. The primary bath has Bardiglio Nuvolato marble walls and floors, a terrazzo sink, acid-etched glass shower and water closet enclosures, and a Duravit soaking tub.
The apartment is completely furnished and will come outfitted with every accessory provided by the Ritz. Michelin-starred and twice named to Time’s “100 Most Influential People”, Chef José Andrés will curate the in-residence cuisine, as well as operate two of his most celebrated restaurants – Zaytinya and The Bazaar within the hotel.
The hotel offers a dedicated, state-of-the-art wellness floor – inclusive of the renowned Ritz-Carlton Spa – the Ritz-Carlton Club Lounge, several event spaces and business services, as well as one of the highest bars downtown with 360 degree views, a ~ 3,000 SF event terrace and a range of meticulous à la carte services and exceptional amenities available at your disposal.
Listed by Ian Slater
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License #10301215519
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Compass
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(646) 645-8192
Listed by Eduardo Martinez
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License #10401292136
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Compass
Last updated August 30, 2025
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Source: REBNY #RLS20019471
Listing Facts
TypeCondo
NeighborhoodNoMad
Bedrooms1
Bathrooms1.5
Days on Prevu135
HOA/Maint. Fees$4,664/month
Taxes$22,152/year
Size911 sqft
Price per sqft$4,380
Amenities
Dishwasher
Washer/Dryer
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
06/23/2025
Price Decreased
$3,990,000
04/28/2025
Listed by Compass
$4,500,000
Estimated Closing Costs
Total
$156,431
Attorney Fees
$4,000
NYC Mansion Tax
$59,850
Title Insurance
$17,955
Bank Attorney
$1,500
Mortgage Recording Tax
$69,126
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $3,990,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.