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Map
$3,995,000
●
Co-op -
For Sale
550 Park Avenue #2W
Manhattan, NY 10065
3 Beds
4 Baths,
1
Half Bath
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.
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
Listed By
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
Location Details
Subdivision Name: Lenox Hill
Stories Total: 17
Association Fee: $7,513
Association Fee Frequency: Monthly
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
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
Sold
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
Sold
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
Sold
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
Sold
Co-op
2
Beds
3
Baths
2,450 ft²
$1,898/ft²
$4,650,000
Nov 19, 2015
-
Feb 5, 2021
$6,793/mo
Sold
Co-op
3
Beds
3
Baths
-
$3,950,000
Feb 12, 2021
$3,950,000
Oct 15, 2021
$5,917/mo
Active
Condo
3
Beds
3
Baths
2,660 ft²
$1,598/ft²
$4,250,000
Dec 1, 2022
-
$9,004/mo
In Contract
Condo
3
Beds
3
Baths
2,657 ft²
$1,600/ft²
$4,250,000
Mar 1, 2023
-
$7,237/mo
Active
Condo
3
Beds
3
Baths
2,670 ft²
$1,311/ft²
$3,500,000
Mar 20, 2024
-
$8,338/mo
Active
Condo
3
Beds
3
Baths
2,300 ft²
$1,848/ft²
$4,250,000
Sep 21, 2023
-
$10,365/mo
Active
Condo
3
Beds
3
Baths
2,300 ft²
$1,954/ft²
$4,495,000
Jan 26, 2024
-
$7,685/mo
Active
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 |
---|---|---|---|---|---|---|---|---|
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
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