by RH Advisors

Check Availability
$3,995,000
Co-op - For Sale

550 Park Avenue #2W

Manhattan, NY 10065
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3500 Sqft
$27,130
Estimated Monthly
$7,513
HOA / Fees
0.51%
Cap Rate

About This Property

Enjoy downtown living on Park Avenue in this ten into eight room residence in one of the Upper East Side's most prestigious and sought-after cooperatives. Ideally located on the corner of 62nd Street and Park Avenue, Residence 2W epitomizes elegance and sophistication. Encompassing approximately 3,500 square feet, this extraordinary home is the spectacular result of a thoughtful and masterful design by noted architect, Cleo Nichols, who also designed gallery spaces for the Metropolitan Museum of Art and Asia House. His attention to detail and artful eye is evidenced throughout the home with an unmistakable emphasis on surface and textual elements as well tone and shape. Perfect for an art collector, this loft-like space lends itself to showcase paintings and sculpture to maximum advantage.

With soaring ten foot-plus ceiling heights and oversized windows with treetop views overlooking the historic Colony Club, the expansive and flexible layout is perfect for large scale entertaining as well as intimate gatherings. A private elevator landing opens to a grand entrance Gallery from which all the entertaining rooms radiate. The impressive Living and Dining area span a nearly 50-foot expanse and features a wood burning fireplace. The adjacent Library could easily serve as a third bedroom. The industrial-size Kitchen with Butler's Pantry is large and can handle entertaining large groups. A corner Master Bedroom Suite with large custom dressing room is the result of combining two separate bedrooms. The second Bedroom, currently used as an office, has its own bathroom as does the large Staff Room. There is sizable Laundry Room as well.

550 Park Avenue was built in 1917 and designed by one of Manhattan's most famous architects of prewar luxury residential buildings, James E.R. Carpenter, and has long been prized for its sophisticated elegance and grandeur. Pied a terres and pets allowed. 50% financing allowed. Trusts allowed.  No LLC purchase.  3% flip tax paid by purchaser. Work rules: December 1 to January 6th.
Unit Size
3,500Ft²
Days on Market
64 days
Land Size
0.27 acres
Price per sqft
$1,141
Property Type
Co-op
Property Taxes
-
HOA Dues
$7,513
Year Built
1917
Last updated: 2 months ago (RLS #PRCH-7856591)

Price History

Date / Event Date Event Price
Feb 27, 2024 Listed by Modlin Group LLC $3,995,000
Listed by Modlin Group LLC
Jun 10, 2020 No longer available -
No longer available
Feb 13, 2020 Listed $5,500,000
Listed
Enjoy downtown living on Park Avenue in this ten into eight room residence in one of the Upper East Side's most prestigious and sought-after cooperatives. Ideally located on the corner of 62nd Street and Park Avenue, Residence 2W epitomizes elegance and sophistication. Encompassing approximately 3,500 square feet, this extraordinary home is the spectacular result of a thoughtful and masterful design by noted architect, Cleo Nichols, who also designed gallery spaces for the Metropolitan…

Property Highlights

Doorman
Elevator
Garage
Interior Details

Bedroom Information

Bedrooms: 3

Bathroom Information

Full Bathrooms: 3
Half Bathrooms: 1

Interior Information

Interior Features: Elevator, Storage
Living Area: 3500

Room Information

Laundry Features: Common Area, Laundry Room
Rooms: 8
Exterior Details

Property Information

Year Built: 1916

Building Information

Pets Allowed: Building Yes, Yes

Lot Information

Lot Size Dimensions: 100.42 x 116.67

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
3 Beds
3 Baths
3,192 ft²
$1,410/ft²
$4,500,000 Jan 8, 2014
$4,500,000 Dec 22, 2014
$7,288/mo
Co-op
3 Beds
4 Baths
3,000 ft²
$1,367/ft²
$4,100,000 May 22, 2021
$4,100,000 Apr 22, 2022
$8,056/mo
Co-op
3 Beds
3 Baths
2,500 ft²
$1,470/ft²
$3,675,000 Feb 11, 2021
$3,675,000 Jul 20, 2021
$7,411/mo
Co-op
3 Beds
3 Baths
2,200 ft²
$2,136/ft²
$4,700,000 Sep 19, 2023
$4,700,000 Jan 12, 2024
$7,895/mo
Co-op
2 Beds
3 Baths
2,450 ft²
$1,898/ft²
$4,650,000 Nov 19, 2015
- Feb 5, 2021
$6,793/mo
Co-op
3 Beds
3 Baths
-
$3,950,000 Feb 12, 2021
$3,950,000 Oct 15, 2021
$5,917/mo
Condo
3 Beds
3 Baths
2,660 ft²
$1,598/ft²
$4,250,000 Dec 1, 2022
-
$9,004/mo
Condo
3 Beds
3 Baths
2,657 ft²
$1,600/ft²
$4,250,000 Mar 1, 2023
-
$7,237/mo
Condo
3 Beds
3 Baths
2,670 ft²
$1,311/ft²
$3,500,000 Mar 20, 2024
-
$8,338/mo
Condo
3 Beds
3 Baths
2,300 ft²
$1,848/ft²
$4,250,000 Sep 21, 2023
-
$10,365/mo
Condo
3 Beds
3 Baths
2,300 ft²
$1,954/ft²
$4,495,000 Jan 26, 2024
-
$7,685/mo
Co-op
3 Beds
3 Baths
2,400 ft²
$1,354/ft²
$3,250,000 May 3, 2023
-
$4,267/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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About Upper Manhattan


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