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Map
815 PARK Avenue #3B
About This Property
The Living Room with striking tree-lined views overlooking Park Avenue has a wood burning fireplace that is framed by a handsomely carved mantle. The elegant Dining Room is generously proportioned and includes a concealed fully equipped bar. The gourmet eat-in Kitchen includes all top of the line Miele appliances, dual ovens and dishwashers, custom cabinets, quartzite counter tops, slate floor, and a reverse osmosis water filtration system. The kitchen seamlessly integrates with an all-inclusive laundry area that has a full-sized washer and dryer, mounted ironing center, utility sink, and ample storage. The spacious Master Bedroom features Park Avenue views, high ceilings, custom closets, and an enormous en-suite marble bathroom with double sinks, spa shower, and radiant heated floors. The versatile second Bedroom with richly paneled custom wood cabinetry can easily function as a Den or Library. The adjacent full bath Powder Room has customized etched glass shower doors that pair perfectly with the wall covering and vanity. The smaller third Bedroom with en-suite Bathroom is very private and ideal as a Maid's/Staff Room, Nursery, Office, or Playroom.
Apartment 3B additional features include: Approximately 1,970 gross square feet, Central A/C throughout, custom herringbone hardwood floors, decorator paneled walls, Niles music system in every room, easy access City windows for quiet enjoyment, custom closets, and, a storage unit that transfers upon sale. 815 Park Avenue amenities include: Full service white glove building, pet friendly (dogs up to 20 pounds), renovated Lobby that includes an impressive fine art gallery, state of the art Fitness Center, central Laundry Room, Bicycle Storage Room, and, a communal Multimedia/Recreation Room with lending Library. Pied-a-terre purchase is NOT permitted. Subleasing is permitted for a maximum of two out of five years with Board Approval. The Seller will pay the 2% Flip Tax. Minimum 24 hour notice requested for showings.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 20, 2024 | Listed by Coldwell Banker Warburg | $2,595,000 | |
Listed by Coldwell Banker Warburg | |||
| |||
This expansive, pre- war apartment is a sun filled and
renovated, corner three bedroom, three bathroom. Enter apartment 3B
from a semi-private elevator landing. The wonderful entry foyer
separates the spacious living room from the formal dining room
creating a layout that is ideal for living and entertaining.
The grand living room has a wood burning fireplace with a
beautiful carved mantle and overlooks the tree- lined streets of
Park Avenue. The elegant and spacious formal dining room…
| |||
Mar 14, 2018 | Sold to Barry Gelber | ||
Sold to Barry Gelber | |||
Mar 22, 2017 | Listed by Compass | $3,395,000 | |
Listed by Compass | |||
Jun 3, 2010 | Sold to Howard M Lippman, Sherri R ... | ||
Sold to Howard M Lippman, Sherri R ... |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/23/2023
|
4 Bed
|
4 Bath
|
-
|
$4,000,000
4 Bed
4 Bath
|
$3,600,000
-10.00%
04/16/2024
|
-
|
Brian Meier
Christie's International Real Estate
| |
07/07/2023
|
3 Bed
|
3 Bath
|
2200 ft²
|
$2,500,000
3 Bed
3 Bath
2200 ft²
|
$2,500,000
11/06/2023
|
Reba Miller
Compass
| ||
07/07/2023
|
1 Bed
|
2 Bath
|
2200 ft²
|
$2,595,000
1 Bed
2 Bath
2200 ft²
|
$2,525,000
-2.70%
11/15/2023
|
Reba Miller
Compass
| ||
03/23/2021
|
3 Bed
|
3 Bath
|
-
|
$2,950,000
3 Bed
3 Bath
|
$2,650,000
-10.17%
08/03/2021
|
Christina Warner
Brown Harris Stevens Residential Sales LLC
| ||
01/22/2019
|
3 Bed
|
4 Bath
|
-
|
$5,000,000
3 Bed
4 Bath
|
$4,400,000
-12.00%
08/27/2019
|
Mike Lubin
Brown Harris Stevens Residential Sales LLC
| ||
10/02/2017
|
3 Bed
|
3 Bath
|
-
|
$7,650,000
3 Bed
3 Bath
|
$5,600,000
-26.80%
03/27/2019
|
-
|
Nikki Field
Sothebys International Realty
| |
10/02/2017
|
3 Bed
|
3 Bath
|
-
|
$7,650,000
3 Bed
3 Bath
|
-
-
|
-
|
Nikki Field
Sothebys International Realty
| |
09/25/2017
|
3 Bed
|
3 Bath
|
-
|
$4,995,000
3 Bed
3 Bath
|
$4,700,000
-5.91%
05/07/2018
|
Cathy Taub
Sothebys International Realty
| ||
07/10/2017
|
3 Bed
|
3 Bath
|
-
|
$3,650,000
3 Bed
3 Bath
|
$3,395,000
-6.99%
08/22/2018
|
-
|
Michele Kleier
Kleier Residential Inc
| |
06/16/2017
|
3 Bed
|
3 Bath
|
-
|
$3,150,000
3 Bed
3 Bath
|
$2,400,000
-23.81%
06/16/2017
|
-
|
Cathy Franklin
Corcoran MH, LLC
| |
05/11/2017
|
2 Bed
|
2 Bath
|
1000 ft²
|
$1,485,000
2 Bed
2 Bath
1000 ft²
|
-
01/29/2018
|
Frances Langbecker
Elliman
| ||
03/22/2017
|
3 Bed
|
3 Bath
|
1970 ft²
|
$3,395,000
3 Bed
3 Bath
1970 ft²
|
$2,970,000
-12.52%
03/14/2018
|
Linda Hoerrner
Compass
| ||
03/10/2017
|
4 Bed
|
3.5 Bath
|
-
|
$10,525,000
4 Bed
3.5 Bath
|
-
-
|
-
|
Claire Ratusch
Prudential Douglas Elliman Real Estate
| |
02/26/2017
|
3 Bed
|
3 Bath
|
-
|
$9,325,000
3 Bed
3 Bath
|
-
-
|
-
|
Claire Ratusch
Prudential Douglas Elliman Real Estate
| |
01/05/2017
|
3 Bed
|
3.5 Bath
|
-
|
$3,995,000
3 Bed
3.5 Bath
|
-
-
|
-
|
Maureen Mccarron
Compass
| |
11/08/2016
|
3 Bed
|
3 Bath
|
-
|
$2,975,000
3 Bed
3 Bath
|
$2,925,000
-1.68%
08/30/2017
|
Beverley Goodwin
Brown Harris Stevens Residential Sales LLC
| ||
09/08/2016
|
3 Bed
|
3 Bath
|
-
|
$3,299,000
3 Bed
3 Bath
|
$2,750,000
-16.64%
08/01/2017
|
Abby Levine
Corcoran Group
| ||
03/31/2016
|
Studio
|
-
|
-
|
$1,350,000
Studio
-
|
-
-
|
-
|
Caroline Rowley
Brown Harris Stevens
| |
03/28/2016
|
3 Bed
|
3 Bath
|
-
|
$11,500,000
3 Bed
3 Bath
|
-
-
|
-
|
John Burger
Brown Harris Stevens
| |
05/13/2015
|
2 Bed
|
3 Bath
|
-
|
$3,450,000
2 Bed
3 Bath
|
$3,150,000
-8.70%
12/16/2015
|
Daniela Kunen
Douglas Elliman Real Estate
| ||
10/15/2014
|
3 Bed
|
3 Bath
|
2000 ft²
|
$3,600,000
3 Bed
3 Bath
2000 ft²
|
$3,500,000
-2.78%
07/09/2015
|
Leah Ozeri
TOWN Residential, LLC.
| ||
03/20/2014
|
3 Bed
|
3 Bath
|
2200 ft²
|
$3,995,000
3 Bed
3 Bath
2200 ft²
|
$3,325,000
-16.77%
12/22/2014
|
-
|
TERRI STONE
Prudential Douglas Elliman Real Estate
| |
11/19/2013
|
3 Bed
|
5 Bath
|
-
|
$7,600,000
3 Bed
5 Bath
|
$7,800,000
+2.63%
02/05/2021
|
-
|
Maureen Mccarron
Compass
| |
05/02/2013
|
3 Bed
|
3 Bath
|
-
|
$3,995,000
3 Bed
3 Bath
|
$3,630,000
-9.14%
10/09/2013
|
Michael Lubin
Brown Harris Stevens Residential Sales LLC
| ||
11/29/2012
|
3 Bed
|
3 Bath
|
-
|
$2,800,000
3 Bed
3 Bath
|
$2,682,810
-4.19%
03/28/2013
|
Lisa Maysonet
Sothebys International Realty
| ||
02/05/2012
|
3 Bed
|
2 Bath
|
-
|
$2,750,000
3 Bed
2 Bath
|
$2,300,000
-16.36%
09/14/2012
|
- Private -
|
Michael Lubin
Brown Harris Stevens Residential Sales LLC
| |
04/20/1998
|
99 Bed
|
99 Bath
|
-
|
$305,000
99 Bed
99 Bath
|
$305,000
05/08/1998
|
-
|
Emilie O'Sullivan
Douglas Elliman Real Estate
|
Building Info
- 46 Units
- 1 Unit for Sale