by RH Advisors

Check Availability
$8,200,000
↓ $795K (8.8%)
Co-op - For Sale

550 PARK Avenue #12A

Manhattan, NY 10065
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4000 Sqft
$53,258
Estimated Monthly
$12,994
HOA / Fees
-0.01%
Cap Rate

About This Property

Park Ave/62nd St - Massive Prewar 12 on High Floor

Ideally situated on the 12th floor of one of J.E.R Carpenter's most prestigious white-glove cooperative buildings, this exceptional 12 room residence, with approximately 4000 square feet, has massive proportions, beautiful prewar details and soaring 10.6 ft ceilings. Light streams in throughout the day through 21 oversized windows spanning all four exposures.

A private elevator landing opens into an elegant 25 Ft. gallery which leads to an impressive 63 Ft. expanse of entertainment space capturing open views over the Colony Club and the Upper East Side Historical District through enormous picture windows. To the right of the gallery is an oversized library with a wood burning fireplace and open views over Park Avenue.

The private bedroom wing of the residence provides for the possibility of as many as four or five bedrooms, each benefiting from excellent light and open views.

A large south-facing kitchen and adjacent staff room are situated in the western wing of the apartment.

Completed in 1917, 550 Park Avenue is a full-service, white-glove doorman building comprised of 17 floors with only two apartments per floor, each line with its own private elevator elevator landing. Resident amenities include a private rooftop, separate storage, and laundry room. Pied- -terres and pets are allowed. 50% financing is permitted, and there are no summer work rules. There is a 3% flip tax payable by the purchaser.
Unit Size
4,000Ft²
Days on Market
347 days
Land Size
-
Price per sqft
$2,050
Property Type
Co-op
Property Taxes
-
HOA Dues
$12,994
Year Built
1917
Listed By
John Burger
Brown Harris Stevens
Last updated: 3 months ago (RLS #RPLU-21922472237)

Price History

Date / Event Date Event Price
Sep 15, 2023 Price Decreased $8,200,000
↓ $795K (8.8%)
Price Decreased
May 17, 2023 Listed by Brown Harris Stevens Residential Sales LLC $8,995,000
Listed by Brown Harris Stevens Residential Sales LLC
Mar 7, 2022 Sold $8,750,000
Sold
Dec 17, 2021 In contract -
In contract
Mar 31, 2021 Price Decreased $8,500,000
↓ $1M (10.5%)
Price Decreased
Show More

Property Highlights

Doorman
Elevator
Garage
Interior Details

Bedroom Information

Bedrooms: 4

Bathroom Information

Full Bathrooms: 4
Half Bathrooms: 1

Interior Information

Living Area: 4000

Room Information

Laundry Features: Building Other, In Unit
Rooms: 12

Basement Information

Exterior Details

Building Information

Building Name: 550 Park Ave Corp
Outdoor Living Structures: None
Pets Allowed: Building Yes, Yes

Land Information

Tax Lot: 0037
Tax Block: 01376

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
4 Beds
6 Baths
4,000 ft²
$1,713/ft²
$6,850,000 Aug 6, 2019
$6,850,000 Jan 2, 2020
$10,050/mo
Condo
4 Beds
4.5 Baths
3,382 ft²
$2,602/ft²
$8,800,000 Oct 21, 2014
- Feb 5, 2021
$6,878/mo
Co-op
4 Beds
5 Baths
4,750 ft²
$1,469/ft²
$6,978,825 Jun 4, 2019
$6,978,825 Jun 29, 2021
-
Condo
4 Beds
4 Baths
3,001 ft²
$2,266/ft²
$6,800,000 Jul 11, 2016
$6,800,000 Sep 6, 2017
$6,377/mo
Co-op
4 Beds
5 Baths
3,000 ft²
$2,500/ft²
$7,500,000 Mar 2, 2017
$7,500,000 May 7, 2018
$6,974/mo
House
4 Beds
3 Baths
4,520 ft²
$1,601/ft²
$7,238,000 Nov 21, 2014
$7,238,000 Oct 5, 2015
-
Condo
4 Beds
4 Baths
4,115 ft²
$2,151/ft²
$8,850,000 Mar 25, 2024
-
$12,463/mo
Condo
4 Beds
4 Baths
4,050 ft²
$2,407/ft²
$9,750,000 Mar 4, 2024
-
$14,151/mo
Condo
4 Beds
5 Baths
3,316 ft²
$2,488/ft²
$8,250,000 Jan 7, 2024
-
$7,968/mo
Townhouse
4 Beds
4 Baths
4,000 ft²
$1,750/ft²
$7,000,000 May 5, 2023
-
$6,940/mo
Condo
4 Beds
4 Baths
2,698 ft²
$2,687/ft²
$7,250,000 Feb 6, 2023
-
$6,582/mo
Townhouse
4 Beds
4 Baths
4,500 ft²
$1,777/ft²
$7,995,000 Apr 12, 2023
-
$7,220/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220913 Unit 11W
09/13/2022
11W
3 Bed
4 Bath
-
$7,250,000
bedrooms
3 Bed
bathrooms
4 Bath
$6,672,500 -7.97%
09/14/2023
Patricia Isen
Douglas Elliman Real Estate
20220613 Unit 10THFLOOR
06/13/2022
5 Bed
8 Bath
-
$25,000,000
bedrooms
5 Bed
bathrooms
8 Bath
-
-
-
John Wollberg
Side Inc.
20210129 Unit 12A
01/29/2021
12A
4 Bed
5 Bath
-
$9,500,000
bedrooms
4 Bed
bathrooms
5 Bath
$8,750,000 -7.89%
03/07/2022
-
Serena Boardman
Sotheby's International Realty, Inc.
20171114 Unit 16AE
11/14/2017
2 Bed
2 Bath
-
-
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
-
20161011 Unit 17E
10/11/2016
17E
4 Bed
3.5 Bath
-
$19,500,000
bedrooms
4 Bed
bathrooms
3.5 Bath
-
-
-
John Sheets
Brown Harris Stevens Residential Sales LLC
20150130 Unit 12W
01/30/2015
12W
3 Bed
3 Bath
-
$6,800,000
bedrooms
3 Bed
bathrooms
3 Bath
$6,800,000
04/07/2015
Alexa Lambert
Stribling & Associates Ltd
20140428 Unit 5W
04/28/2014
5W
3 Bed
3.5 Bath
-
$5,800,000
bedrooms
3 Bed
bathrooms
3.5 Bath
$5,800,000
03/30/2015
Edith Tuckerman
Brown Harris Stevens Residential Sales LLC
20140108 Unit 7W
01/08/2014
7W
3 Bed
3 Bath
3192 ft²
$6,400,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
3192 ft²
$4,500,000 -29.69%
12/22/2014
Joanne Douglas
Douglas Elliman Real Estate

Building Info

550 Park Ave. Corp 550 Park Avenue, New York, NY 10065
  • 36 Units
  • 3 Units for Sale
More about this Building
550 Park Avenue
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