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Map
$5,800,000
●
Co-op -
Off Market
550 PARK AVE #5W
Manhattan, NY 10065
3 Beds
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.
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
Financial Details
Flip Tax Remarks: 3% of purch.price pd by purchaser (12/18/87)
Tax Deduction Percent: 58
Location Details
Association Fee: $6,733
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
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
Sold
Condo
3
Beds
3.5
Baths
1,843 ft²
$3,337/ft²
$6,150,000
Apr 8, 2013
-
Feb 5, 2021
$3,605/mo
Sold
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
Sold
Co-op
3
Beds
4
Baths
-
$5,950,000
Sep 13, 2022
$5,950,000
Sep 16, 2022
$4,068/mo
Active
Condo
3
Beds
4
Baths
2,940 ft²
$2,024/ft²
$5,950,000
Mar 5, 2024
-
$10,347/mo
Active
Condo
3
Beds
4
Baths
2,505 ft²
$2,196/ft²
$5,500,000
Oct 5, 2023
-
$10,727/mo
Active
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 |
---|---|---|---|---|---|---|---|---|
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