See Home Value
$19,500,000
Co-op - Off Market

550 PARK AVE #17E

Manhattan, NY 10065
bedrooms
4 Beds
bathrooms
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.
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
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
Co-op
4 Beds
6 Baths
-
$20,500,000 Sep 22, 2009
- Feb 5, 2021
$10,213/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
Condo
4 Beds
5 Baths
6,646 ft²
$2,859/ft²
$19,000,000 Feb 5, 2024
-
$14,939/mo
Condo
4 Beds
5 Baths
3,466 ft²
$5,192/ft²
$17,995,000 Sep 5, 2023
-
$11,956/mo
Condo
4 Beds
5 Baths
4,545 ft²
$3,960/ft²
$18,000,000 Oct 25, 2023
-
$18,026/mo
Condo
4 Beds
5 Baths
4,545 ft²
$3,849/ft²
$17,495,000 Apr 10, 2023
-
$16,666/mo
Condo
4 Beds
5 Baths
3,466 ft²
$6,290/ft²
$21,800,000 Jan 11, 2023
-
$12,196/mo
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
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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