See Home Value
$5,800,000
Co-op - Off Market

550 PARK AVE #5W

Manhattan, NY 10065
bedrooms
3 Beds
bathrooms
3.5 Baths
$7,363,271
RealtyHop Estimate
26.95%
Since Mar 1, 2021
NY-New York
Primary Model

About This Property

The apartment has undergone a facelift and should not be missed! This glorious 10 to an 8 room apartment is perfectly located on 62nd and Park Avenue in one of New York's finest full service buildings built in 1917, designed by renowned architect James E. R. Carpenter. Currently configured as a Double master bedroom, second bedroom, maids room, dressing room and a spacious library, with building approval it can be put back to its original floorplan as a full FOUR BEDROOM apartment (or 3 bedrooms and a library). ORIGINAL FLOORPLAN and ARCHITECT PLAN AVAILABLE UPON REQUEST.

Enter into this sprawling apartment through a private elevator vestibule with an elegant entry gallery which effortlessly connects to all the major living areas. You immediately recognize Carpenter's signature style with the soaring ceiling height, oversized windows and grandiose living and dining rooms which face North looking at the historic Colony Club. The living and dining room span 48 feet!

The apartment is ideal for entertaining; replete with a wood-burning fireplace, central air-conditioning in the living rooms, and a new wet bar and powder room off the gallery. Adjacent to the living room is a traditional and tasteful library with bookshelves and French doors. The large eat-in-kitchen has three entrances, a Washer/Dryer, great counter space, two dishwashers, a 6-burner hooded range, a stainless steel refrigerator, two ovens, a butler's pantry room, and most notable, a big built-in banquette perfect for quieter dinners at home.

The Master Bedroom is two bedrooms combined so it is truly a master suite with three windows and a wall of closets. The Master bathroom has been expanded and has a Jacuzzi tub, steam shower and a double vanity. The second bedroom also has a bathroom ensuite which has been newly renovated. The original three maid's rooms have been brilliantly reconfigured as a gym/staff room with its own full bath, and an enormous Walk-In Closet/Dressing room for the Master Suite. The apartment has air-conditioning and crown and base moldings throughout, and it comes with its own storage unit downstairs.

550 Park Avenue is a prewar white-glove cooperative. Pets allowed. No financing allowed. No summer work rules.
Unit Size
-
Days on Market
2476 days
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$6,733
Year Built
1917
Last updated: 5 months ago ( #RPLU-2199987871)

Price History

Date / Event Date Event Price
Jun 16, 2017 Listed $7,100,000
Listed
It is classic because of a certain eternal and irrepressible freshness, wrote Edith Wharton who authored a book about Manhattan residential architecture, raised to its most enduring expression in Apartment 5W at 550 Park, the 1917 design of James E. R. Carpenter, progenitor of the luxury communal dwelling on Park Avenue. The magnificence of its Renaissance-inspired faade and serene lobby served by a white glove staff is equaled in grandeur but surpassed in ingenuity by Carpenters…
Mar 30, 2015 Sold to Glenn Gumpel, Merrily Gumpel $5,800,000
Sold to Glenn Gumpel, Merrily Gumpel
Apr 28, 2014 Listed by Brown Harris Stevens Residential Sales LLC $5,800,000
Listed by Brown Harris Stevens Residential Sales LLC

Property Highlights

Doorman
Elevator
Garage
Interior Details

Room Information

Rooms: 8
Exterior Details

Property Information

Property Condition: Excellent
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
3 Beds
4 Baths
2,562 ft²
$2,108/ft²
$5,400,000 Mar 14, 2022
$5,400,000 Mar 31, 2022
$7,750/mo
Condo
3 Beds
3.5 Baths
1,843 ft²
$3,337/ft²
$6,150,000 Apr 8, 2013
- Feb 5, 2021
$3,605/mo
Co-op
3 Beds
4 Baths
2,100 ft²
$2,667/ft²
$5,600,000 Oct 9, 2015
$5,600,000 May 2, 2016
$5,030/mo
Co-op
3 Beds
4 Baths
-
$5,950,000 Sep 13, 2022
$5,950,000 Sep 16, 2022
$4,068/mo
Co-op
3 Beds
3 Baths
-
$5,500,000 Mar 25, 2014
- Feb 5, 2021
$4,566/mo
Co-op
3 Beds
3 Baths
-
$6,800,000 Jan 30, 2015
- Feb 5, 2021
$8,538/mo
Co-op
3 Beds
4 Baths
-
$5,875,000 Jan 4, 2023
-
$24,412/mo
Condo
3 Beds
4 Baths
2,940 ft²
$2,024/ft²
$5,950,000 Mar 5, 2024
-
$10,347/mo
Condo
3 Beds
4 Baths
2,505 ft²
$2,196/ft²
$5,500,000 Oct 5, 2023
-
$10,727/mo
Co-op
3 Beds
4 Baths
-
$5,850,000 Mar 17, 2023
-
$9,529/mo
Condo
3 Beds
4 Baths
-
$5,895,000 Nov 6, 2023
-
$4,411/mo
Condo
3 Beds
3 Baths
2,950 ft²
$1,780/ft²
$5,250,000 Oct 5, 2023
-
$14,472/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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