Overview

$29,950,000

10% Min Down

823 Park Ave #PH

823 Park Avenue, New York, NY 10021

Condo in Upper East Side

5 Bed | 5.5 Bath | 7,200 ft² | $4,160/ft² | -0.65% Cap Rate

Listed Mar 23rd, 2021 (178 days)
Located within a full service boutique pre-war condominium, this exceptional 12 room penthouse residence is uniquely complemented by 3 magnificent landscaped terraces. The private elevator landing leads to a gracious entrance gallery, a grand double sized living room (31' x 16') with soaring 10' coffered ceilings, hardwood herringbone floors, and a limestone gas-burning fireplace, a stately formal dining room, a distinguished wood paneled library. The dazzling, sun flooded gourmet eat-in-chef's kitchen is appointed with copious bespoke cabinetry detailed with elegant copper finishes, granite countertops, Ann Sacks tiled backsplash, 6 burner La Cornue gas range and hood, Subzero refrigerator, and 2 Bosch dishwashers is a chef's dream come true! Nestled by the kitchen and separated by pocket doors the cheerful family room is ideal for casual gatherings. Also on this floor resides two large bedrooms each with ensuite (beautifully renovated) bathrooms, a charming children's library/playroom, and all enjoy big blue skied open city views. Ascend to the upper floor vestibule and behold a masterfully landscaped (48' x 17.5') terrace that offers glorious California-styled outdoor living! The first of three terraces has an inviting living room area with gas fireplace, and larger separate dining area and an extraordinary outdoor kitchen with a built-in Wolf gas grill. A unique amenity, discreetly located around the corner of this terrace, is a 6 person built-in hot tub that enjoys wonderful southern open sky and city views. Also on this upper level, a generously sized primary bedroom suite has its own seductively private terrace, side by side spa-like bathrooms with radiant heated floors, a sauna, and separate study or home office and a large walk-in closet, the fourth bedroom with ensuite bath, and a lovely second study (or second home office) with enchanting western views onto the terrace and open sky beyond. The uppermost floor has a home theatre and the most spectacular Zen-like, fully landscaped terrace large enough to comfortably host small gatherings or larger scaled entertaining or if need be, a board meeting or two! Important architectural details include: 360 degrees open blue sky views, approximately 7,200 SF interior (located on the 11th and 12th floors), and 3,000 SF exterior (located on the 12th and 13th floors), soaring 10' coffered ceilings, 2 gas-burning fireplaces with 18th century limestone mantels, hardwood herringbone floors throughout, mahogany bay windows, commanding mahogany pocket doors, multi-zone central air conditioning, nickel finishes in the bathrooms, top of the line sound system, irrigation system on all terraces, laundry room, pin-drop quiet, sun-flooded, triple A location in proximity to Central Park, world-class cultural institutions and art galleries, schools, nearby fine dining and Madison Avenue's most exquisite signature boutiques. Full service white gloved boutique condominium located on a prime block of the Upper East Side has a well appointed fitness center, additional storage, an attentive full staff that includes full-time doorman, porters and live-in superintendent. Whether looking downtown, uptown, east or west, this one-of-a-kind trophy property radiates star quality and will steal your heart!

Features & Amenities

Unit Amenities

  • Bike Storage
  • Fitness Center
  • Garden
  • Elevator
  • Number of Elevators: 2
  • Doorman
  • Laundry in Unit
  • Yes Air Conditioning
  • Exposure: North South East

Building Amenities

  • Fireplace
  • New Construction
  • Fitness Center
  • Elevator
  • Garden
  • Doorman
  • Bike Storage
  • Dogs Allowed
  • Cats Allowed
  • Central Air Conditioning
  • Number of Elevators: 2
  • Laundry in Unit
  • Sublets Allowed

Building Policies

  • Cats Allowed
  • Dogs Allowed
  • Sublets Allowed
Learn more about 823 Park Avenue, New York, NY 10021

Listed By

Maria M. Manuche Profile Picture
Maria M. Manuche

Compass

(917) 328-2338

History

Date Event Price
Aug 17, 2021 Price Drop $29,950,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-08-17', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$29,950,000', 'orig_value' => '33200000', 'listing_id' => '13773329', 'unit' => 'PH', 'building_id' => NULL, 'street_address' => '823 Park Ave', 'citystate' => NULL, 'bedrooms' => '5', 'bathrooms' => '5.5', 'square_feet' => '7200', 'pretty_url' => 'https://www.realtyhop.com/building/823-park-ave/ph/13773329', 'diff_amount' => '-$3,250,000', 'diff_pct' => -9.7891566265060241, 'orig_diff_rows' => array ( 0 => array ( 'id' => '13773329', 'listing_id' => '13773329', 'created' => '2021-08-17 06:59:44', 'value_date' => '2021-08-17 06:59:44', 'key' => 'price', 'orig_value' => '33200000', 'new_value' => '29950000', 'unit' => 'PH', 'street_address' => '823 Park Ave', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '5', 'bathrooms' => '5.5', 'square_feet' => '7200', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))
Mar 23, 2021 Listed $33,200,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-03-23', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$33,200,000', 'orig_value' => NULL, 'listing_id' => '13773329', 'unit' => 'PH', 'building_id' => NULL, 'street_address' => '823 Park Ave', 'citystate' => 'New York, NY', 'bedrooms' => '5', 'bathrooms' => '5.5', 'square_feet' => '7200', 'pretty_url' => 'https://www.realtyhop.com/building/823-park-ave-new-york-ny/ph/13773329', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '13773329', 'listing_id' => '13773329', 'created' => '2021-08-10 18:30:14', 'value_date' => '2021-03-23 21:41:07', 'key' => 'listing_status', 'orig_value' => '-1', 'new_value' => '2', 'unit' => 'PH', 'street_address' => '823 Park Ave', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '5', 'bathrooms' => '5.5', 'square_feet' => '7200', ), 1 => array ( 'id' => '13773329', 'listing_id' => '13773329', 'created' => '2021-08-10 18:30:14', 'value_date' => '2021-03-23 21:41:07', 'key' => 'price', 'orig_value' => '-1', 'new_value' => '33200000', 'unit' => 'PH', 'street_address' => '823 Park Ave', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '5', 'bathrooms' => '5.5', 'square_feet' => '7200', ), ), 'orig_type' => 'listing_row', 'alt_data' => 'Compass', ))

Property Analysis

Price Estimate

$30,249,500

HopScore Market Price

$29,950,000

Current Asking Price

+$299,500

Difference from Asking

Cap Rate Analysis

Operating Profit

-$193,548
/

Purchase Price

$29,950,000
=

Cap Rate

-0.65%
**

* Actual income may vary between $10,000 and $15,000 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 823 Park Ave

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 823 Park Ave

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Building at 823 Park Avenue, New York, NY 10021

823 Park Avenue

823 Park Avenue, New York, NY 10021

Built in 1920 | 11 Units | 13 Stories

Want to find out who owns 823 Park Avenue, New York, NY 10021? Get detailed property transactions here.

Neighborhood

Stats & Trends

$9,775,000

Median Asking

-

Above Asking

$2,336

Sale Price/ft²

87

Days on Market

Transportation

6

at 77th St 600 ft | 3 min walk

N

Q

T

at 72nd St 0.35 mi | 8 min walk

4

5

6

at 86th St 0.55 mi | 13 min walk

F

at Lexington Av 0.63 mi | 15 min walk

C

B

at 81st St - Museum of Natural History 0.78 mi | 19 min walk

Schools

School Type Grades Distance
Ps 6 Lillie D Blake Elementary PK to 5 0.3 mi
Jhs 167 Robert F Wagner Middle School 6 to 8 0.23 mi
Life Sciences Secondary School High School 9 to 12 1.1 mi
Eagle Academy for Young Men of Harlem Secondary School 6 to 11 3.15 mi
Thurgood Marshall Academy Lower School Elementary KG to 5 3.86 mi
Hamilton Heights School Elementary KG to 5 3.75 mi
River East Elementary Elementary PK to 5 2.34 mi
Bilingual Bicultural School (the) Elementary PK to 5 1.73 mi
Tag Young Scholars Elementary KG to 8 1.72 mi
Central Park East I Elementary PK to 5 1.58 mi
Anderson School (the) Elementary KG to 8 1 mi
Eleanor Roosevelt High School High School 9 to 12 0.5 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$169,824

Per Month
When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

First-time homebuyers? Check out the RealtyHop Mortgage Center now.

Inquire about this Property

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from RealtyHop, Opcity, realtor.com and their network of service providers about your inquiry and other home-related matters. More

Recent Transactions at 823 Park Ave

Transaction history for 823 Park Avenue

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)
Unit 6 5 4.5 4,184 Sep 11, 2020 Lisa Larson
Sotheby's International Realty, Inc.
$9,950,000
$11,899/mo
Dec 8, 2020
87 Days
$9,775,000
-1.76%
Andrew Fine
Lee Fine
Unit 1 - - - - - - Aug 27, 2018 $13,750,000 Lindsay E Kraus
Stephen R Kraus
Unit 9 - - - - - - May 31, 2017 $7,650,000 John Natalone Cotrustee Of The Park
Joseph Martello Cotrustee Of The Park
Unit 4 - - - - - - Jun 5, 2015 $13,350,000 Gervaise L Gerstner
Unit 8 5 5 - Aug 20, 2012 Charlie Attias
The Corcoran Group
$15,000,000
$10,120/mo
Jan 7, 2013
139 Days
$12,900,000
-14.00%
Thomas C Uger
Unit 10 5 4 4,184 Nov 28, 2011 Deborah Kern
The Corcoran Group
$18,000,000
$10,392/mo
Sep 27, 2012
303 Days
$13,000,000
-27.78%
Sam Ghusson
Suzanne Ghusson
Unit 9 - - - - - - Sep 24, 2010 - Park Avenue New Venture Holdings Llc
Unit 1 - - - - - - Dec 10, 2009 - 823 Park Maisonette Llc
Unit 9 - - - - - - Mar 16, 2009 $9,264,250 Ivan Kaufman
Lisa Kaufman
Unit 11 - - - - - - Sep 5, 2008 $13,815,100 Djvi Llc
Unit PH - - - - - - Aug 1, 2008 $30,547,500 Park Penthouse Holdings Llc
Unit 1 - - - - - - Jun 26, 2008 $20,365,000 Farida Khan
Ramesh Singh
Unit 3 - - - - - - Apr 15, 2008 $12,015,400 Jeanine Salvatore
Louis Salvatore
Unit 10 - - - - - - Jan 24, 2008 $13,860,000 Jay Eisenhofer
Anne Jameson
Unit 8 - - - - - - Jan 2, 2008 $13,827,800 Jennifer A Banks
Joseph M Oughourlian
Unit 6 - - - - - - Dec 31, 2007 $11,709,900 Kevin J Corgan
Ursula Leveille Corgan
Unit 5 - - - - - - Dec 27, 2007 $12,524,500 Fifth Floor 823 Park Avenue Llc
Unit 7 - - - - - - Dec 24, 2007 $13,685,300 Brendan Shanahan 2007 Trust Dated 9012007
Brendan Shanahan Trustee
Catherine Hooley Shanahan Trustee
Unit 4 - - - - - - Dec 21, 2007 $11,200,800 Michele Carlino Trust
Michele Carlino Trustee

Apartments for Sale at 823 Park Avenue

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 823 Park Avenue

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 823 Park Ave #PH

Building at 823 Park Avenue, New York, NY 10021

Ask a Question

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from RealtyHop, Opcity, realtor.com and their network of service providers about your inquiry and other home-related matters. More
Nearby Addresses
Popular Buildings