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The Parkside, 525 Park Avenue, #11AB

$12,995,000 ($3,249 per ft2) -7.1% | 4 beds, 6+ baths | Approx. 4,000 ft2
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77 days on Market

Key Details

  • Listed: Feb 13, 2024
    Last Price Change: -7.1% ($1,000,000) on Mar 25
    Days on Market: 77
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 102 times
Monthly Common Charges: $6,812
Monthly Real Estate Taxes: $4,120
Total Taxes & Fees: $10,932 ($2.73/ft2)
Est. Monthly Mortgage: $71,980
Total Est. Monthly Carrying Cost: $82,912 ($20.73/ft2)
Note: the above is based on a down payment of 20% ($2,599,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious and Luxurious Interior: The large apartment, renovated and designed by acclaimed decorator David Kleinberg, boasts 4 bedrooms, each with its own expertly designed en-suite bathroom, and over 6 bathrooms. The master suite includes an oversized bathroom with a steam shower, a Jacuzzi tub, and a luxurious dressing room.
  • High-End Kitchen and Amenities: The property features a chef’s kitchen and pantry with state-of-the-art appliances, a wet bar, wine room, laundry room, and powder room. The apartment also includes a private parking space and additional storage.
  • Smart Home Features: The apartment is equipped with sophisticated lighting, a state-of-the-art media system, motorized black-out and sun shades, and climate controls, all part of its smart home design.
  • Stunning Views and High Ceilings: The apartment offers breathtaking unobstructed views in all directions and high ceilings throughout the space, adding to its luxurious feel.
  • Building Amenities and Services: The luxury white glove Pre-War condominium offers full-time doorman service, resident storage, a rooftop terrace, in-unit washer/dryer, fireplaces, and terraces/balconies.
  • Prime Location: This full-floor apartment is situated in a prime Park Avenue location, within walking distance to Central Park, public transportation, and midtown. It's also conveniently close to boutiques and restaurants along Madison Avenue.

Description

Welcome to this exceptionally rare home on Park Avenue. This triple mint condition home renovated and designed by acclaimed decorator David Kleinberg, resulting in a one-of-a-kind space that must be seen to be believed. The full floor apartment was converted from 11 rooms into 8 and is situated on a high floor with breathtaking unobstructed views in all directions. The sun-flooded prewar condo features a grand scale living room, a large gallery, and a formal dining room with 10 foot ceilings throughout the space.

The home has 4 well-appointed bedrooms, each with its own expertly designed en-suite bathroom. The master suite includes an oversized bathroom with a steam shower, a Jacuzzi tub, and a luxurious dressing room. The living space was meticulously designed with entertaining in mind. The chef’s kitchen and pantry feature state-of-the-art appliances, including dual ovens and dishwashers, warming drawers, and a sun-filled dining area.

There’s a wet bar next to the elegant formal dining room, and a wine room off the kitchen complete with a sensored door. The home also features a laundry room and powder room. The foyer is perfectly laid out for the major art collection, with “smart home” design features to highlight the design and decor of the home. The apartment also had a sophisticated lighting and state of the art media system, along with motorized black-out and sun shades, and climate controls. A private parking space in the building is included with the apartment--a truly rare benefit in New York real estate!

Additional storage is also available. Located on 61st and Park Avenue, 525 Park Avenue is a luxury white glove Pre-War condominium, with easy access to the best of the Upper East Side. This is a co-exclusive.

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About The Parkside, 525 Park Avenue

74

The Parkside, 525 Park Avenue has received a CityRealty Rating of 74, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

24
Out of 44
+
26
Out of 36
+
15
Out of 39
+
9
=
74
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1989
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • In-Unit Washer/Dryer
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Prime Park Avenue location
  • Close to Central Park
  • Large apartments
  • Close to public transportation
  • Doorman
  • Convenient to boutiques and restaurants along Madison Avenue
  • Close to midtown
  • Close to Subway
Cons
  • No garage
  • Considerable traffic
  • No health club
  • No sundeck
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.10 miles
  1. F
at Lexington Ave and 63rd 0.15 miles
  1. M
  2. E
at 5th Ave and 53rd 0.43 miles

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