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Map
$19,500,000
●
Co-op -
Off Market
550 PARK AVE #17E
Manhattan, NY 10065
4 Beds
3.5 Baths
$106,786
Estimated Monthly
$11,037
HOA / Fees
0.11%
Cap Rate
About This Property
"It's one of the most beautiful apartments I've ever seen."
"Spectacular light and views"; "Serene grandeur", "This apartment
is sooo beautiful!" - Feedback from visits to this home.
Perched on the top floor of one of Manhattan's finest pre-war cooperatives, apartment 17-E at 550 Park Avenue has been masterfully redesigned as nine generous rooms from its original twelve. Its position, both within the building and in relation to its surroundings, defines inimitable. With four bedrooms plus an office, the reconfigured layout takes full advantage of four exposures, over-sized windows, bountiful natural light, ceilings reaching 10' 6", and extraordinary views, including the unobstructed northern skyline, parts of Central Park, and a peek at the East River.
From a comfortable and private elevator landing, a spacious reception gallery with walk-in closet and powder room sets the stage for this magnificent home, as classic arches gracefully distinguish the impressive public areas to the north from the private confines to the south. Beyond the first arch unfolds an expansive north and east-facing double living room with the first of the apartment's three wood burning fireplaces. On the opposite side, elegant custom bookcases anchor the dining room, which has a conveniently located wet bar and express an insightful, cultivated aesthetic. The second arch returns to the gallery. From there, a generous central hallway bisects the private wing, thoughtfully conceived around a master suite which truly enraptures. It faces east over Park Avenue, boasting a double-sided wood burning fireplace and charming sitting room.
Doors, at once fashionable and functional, can be closed to separate the sleeping chamber from the sitting area. A lavish walk-in closet with adjoining dressing area cradle a marble master bathroom. Double sinks, a Jacuzzi tub, and a separate, spacious shower work in concert to deliver a personal spa experience. The sunny second bedroom occupies a corner, enjoying east and south exposures. Sharing a full bathroom, the southwest guest bedroom features a third wood burning fireplace as well as views of the south end of Central Park. Pass a sizable home office, the third full bathroom, and another lovely bedroom when progressing toward the kitchen.
Ideal for a casual meal, or capable of catering a majestic dinner party, the chef's kitchen has been fitted with a six-burner Wolf cook-top, two Wolf ovens, a double-door Sub-Zero refrigerator, and two dishwashers. A fully-equipped butler's pantry features a second Sub-Zero refrigerator, large wine cooler, an ice-maker, and ample storage space for fine china, stemware, and formal silverware. Central air-conditioning provides year round comfort in the entire apartment. Equipment has been installed in a south end utility room, making access and service quick and easy. A separate, spacious storage room located on the building's first floor, as well as a large basement storage bin will convey with the apartment.
Completed in 1917, 550 Park Avenue was designed by renowned architect James E. R. Carpenter, who was the leading architect of luxury residential high-rise buildings in New York City during the pre-war period. Carpenter graduated from M.I.T. and studied at Ecole des Beaux-Arts in Paris. One historian noted his work as having a "quiet, restful feeling about the apartments - in their large, high-ceilinged rooms, the careful finish of detail, and the skilled but unobtrusive service." 550 Park Avenue remains a full-service, white-glove cooperative which permits pets and does restrict work to summer months.
Perched on the top floor of one of Manhattan's finest pre-war cooperatives, apartment 17-E at 550 Park Avenue has been masterfully redesigned as nine generous rooms from its original twelve. Its position, both within the building and in relation to its surroundings, defines inimitable. With four bedrooms plus an office, the reconfigured layout takes full advantage of four exposures, over-sized windows, bountiful natural light, ceilings reaching 10' 6", and extraordinary views, including the unobstructed northern skyline, parts of Central Park, and a peek at the East River.
From a comfortable and private elevator landing, a spacious reception gallery with walk-in closet and powder room sets the stage for this magnificent home, as classic arches gracefully distinguish the impressive public areas to the north from the private confines to the south. Beyond the first arch unfolds an expansive north and east-facing double living room with the first of the apartment's three wood burning fireplaces. On the opposite side, elegant custom bookcases anchor the dining room, which has a conveniently located wet bar and express an insightful, cultivated aesthetic. The second arch returns to the gallery. From there, a generous central hallway bisects the private wing, thoughtfully conceived around a master suite which truly enraptures. It faces east over Park Avenue, boasting a double-sided wood burning fireplace and charming sitting room.
Doors, at once fashionable and functional, can be closed to separate the sleeping chamber from the sitting area. A lavish walk-in closet with adjoining dressing area cradle a marble master bathroom. Double sinks, a Jacuzzi tub, and a separate, spacious shower work in concert to deliver a personal spa experience. The sunny second bedroom occupies a corner, enjoying east and south exposures. Sharing a full bathroom, the southwest guest bedroom features a third wood burning fireplace as well as views of the south end of Central Park. Pass a sizable home office, the third full bathroom, and another lovely bedroom when progressing toward the kitchen.
Ideal for a casual meal, or capable of catering a majestic dinner party, the chef's kitchen has been fitted with a six-burner Wolf cook-top, two Wolf ovens, a double-door Sub-Zero refrigerator, and two dishwashers. A fully-equipped butler's pantry features a second Sub-Zero refrigerator, large wine cooler, an ice-maker, and ample storage space for fine china, stemware, and formal silverware. Central air-conditioning provides year round comfort in the entire apartment. Equipment has been installed in a south end utility room, making access and service quick and easy. A separate, spacious storage room located on the building's first floor, as well as a large basement storage bin will convey with the apartment.
Completed in 1917, 550 Park Avenue was designed by renowned architect James E. R. Carpenter, who was the leading architect of luxury residential high-rise buildings in New York City during the pre-war period. Carpenter graduated from M.I.T. and studied at Ecole des Beaux-Arts in Paris. One historian noted his work as having a "quiet, restful feeling about the apartments - in their large, high-ceilinged rooms, the careful finish of detail, and the skilled but unobtrusive service." 550 Park Avenue remains a full-service, white-glove cooperative which permits pets and does restrict work to summer months.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$11,037
Year Built
1917
Last updated: 5 months ago ( #RPLU-21915110313)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 6, 2024 | In contract | - | |
In contract | |||
Nov 6, 2023 | Listed by Modlin Group LLC | $14,950,000 | |
Listed by Modlin Group LLC | |||
|
|||
Occupying the entire top floor of 550 Park Avenue and showcasing
unparalleled city and Central Park views, this show-stopping, 4500
sq.ft. masterpiece represents the pinnacle of design meeting form
and function. Offering 90' of Park Avenue frontage and soaring
ceilings, this four bedroom, three and a half bathroom corner
residence recently underwent a renovation that resulted in the
addition of contemporary comforts and cutting edge technologies,
while painstakingly maintaining original…
|
|||
Nov 14, 2017 | Sold to William E Ford | $15,000,000 | |
Sold to William E Ford | |||
Apr 4, 2017 | Listed by Elliman | $16,250,000 | |
Listed by Elliman | |||
|
|||
NOW OFFERING 2.5% TO BUYER'S BROKER: Signed contract between now
and Sept 15th buyers broker gets 2.5%!! This magnificent home with
4 bedrooms, home office, library and three wood burning fireplaces
is of a caliber all its own, bathed in natural light from four
exposures, with stunning open skyline, park and East River
views.
The expansive layout is thoughtfully designed, with the lavish
living and entertaining areas set apart from the quiet private
quarters. The dramatic north and…
|
|||
Oct 11, 2016 | Listed by Brown Harris Stevens Residential Sales LLC | $19,500,000 | |
Listed by Brown Harris Stevens Residential Sales LLC |
Property Highlights
Doorman
Elevator
Garage
Interior Details
Room Information
Rooms: 9
Exterior Details
Property Information
Property Condition: Good
PropertySubType: Apartment
Building Information
Building Name: null
Stories (Total): 17
Financial Details
Flip Tax Remarks: BUYER PAYS BUYER PAYS 3%
Tax Deduction Percent: 58
Location Details
Association Fee: $11,037
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
4
Beds
5
Baths
4,628 ft²
$4,213/ft²
$19,500,000
Dec 24, 2020
$19,500,000
Oct 14, 2021
$25,620/mo
Condo
4
Beds
5
Baths
4,299 ft²
$4,187/ft²
$18,000,000
Feb 17, 2021
$18,000,000
Sep 1, 2021
$14,183/mo
Co-op
4
Beds
6
Baths
4,649 ft²
$3,710/ft²
$17,250,000
Jul 25, 2017
$17,250,000
Oct 3, 2017
$14,762/mo
Condo
4
Beds
5
Baths
4,000 ft²
$4,125/ft²
$16,500,000
Sep 9, 2013
$16,500,000
Dec 12, 2013
$7,676/mo
Condo
4
Beds
7
Baths
5,000 ft²
$2,900/ft²
$14,500,000
Feb 1, 2017
$14,500,000
Apr 4, 2018
$16,493/mo
Active
Condo
4
Beds
5
Baths
6,646 ft²
$2,859/ft²
$19,000,000
Feb 5, 2024
-
$14,939/mo
Active
Condo
4
Beds
5
Baths
3,466 ft²
$5,192/ft²
$17,995,000
Sep 5, 2023
-
$11,956/mo
Active
Condo
4
Beds
5
Baths
4,545 ft²
$3,960/ft²
$18,000,000
Oct 25, 2023
-
$18,026/mo
Active
Condo
4
Beds
5
Baths
4,545 ft²
$3,849/ft²
$17,495,000
Apr 10, 2023
-
$16,666/mo
Active
Condo
4
Beds
5
Baths
3,466 ft²
$6,290/ft²
$21,800,000
Jan 11, 2023
-
$12,196/mo
Active
Condo
4
Beds
4
Baths
2,971 ft²
$6,227/ft²
$18,500,000
Dec 13, 2022
-
$12,424/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/13/2022
|
3 Bed
|
4 Bath
|
-
|
$7,250,000
3 Bed
4 Bath
|
$6,672,500
-7.97%
09/14/2023
|
Patricia Isen
Douglas Elliman Real Estate
|
||
06/13/2022
|
5 Bed
|
8 Bath
|
-
|
$25,000,000
5 Bed
8 Bath
|
-
-
|
-
|
John Wollberg
Side Inc.
|
|
01/29/2021
|
4 Bed
|
5 Bath
|
-
|
$9,500,000
4 Bed
5 Bath
|
$8,750,000
-7.89%
03/07/2022
|
-
|
Serena Boardman
Sotheby's International Realty, Inc.
|
|
11/14/2017
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
-
|
|
10/11/2016
|
4 Bed
|
3.5 Bath
|
-
|
$19,500,000
4 Bed
3.5 Bath
|
-
-
|
-
|
John Sheets
Brown Harris Stevens Residential Sales LLC
|
|
01/30/2015
|
3 Bed
|
3 Bath
|
-
|
$6,800,000
3 Bed
3 Bath
|
$6,800,000
04/07/2015
|
Alexa Lambert
Stribling & Associates Ltd
|
||
04/28/2014
|
3 Bed
|
3.5 Bath
|
-
|
$5,800,000
3 Bed
3.5 Bath
|
$5,800,000
03/30/2015
|
Edith Tuckerman
Brown Harris Stevens Residential Sales LLC
|
||
01/08/2014
|
3 Bed
|
3 Bath
|
3192 ft²
|
$6,400,000
3 Bed
3 Bath
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
About Upper Manhattan
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