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The Parkside, 525 Park Avenue, #5C

$5,850,000 ($3,185 per ft2) -2.5% | 2 beds, 2 baths | Approx. 1,837 ft2
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315 days on Market

Key Details

  • Listed: Jun 20, 2023
    Last Price Change: -2.5% ($150,000) on Oct 5
    Days on Market: 315
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 140 times
Monthly Common Charges: $2,574
Monthly Real Estate Taxes: $1,563
Total Taxes & Fees: $4,137 ($2.25/ft2)
Est. Monthly Mortgage: $32,403
Total Est. Monthly Carrying Cost: $36,540 ($19.89/ft2)
Note: the above is based on a down payment of 20% ($1,170,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This corner unit apartment is situated in a prime Park Avenue location, close to Central Park, public transportation, and midtown. The prestigious neighborhood boasts world-class shopping, galleries, museums, and is just a short walk from boutiques and restaurants along Madison Avenue.
  • Stylish and Spacious Interior: The large, high-ceilinged apartment has been recently renovated, offering a fresh and modern feel. The beautifully-appointed living room features south and west facing windows, a decorative fireplace, and built-in window seats, while the grand dining room can easily seat ten or more.
  • Modern Kitchen and Bedrooms: The renovated kitchen shines with gleaming white countertops and new high-end appliances, including a washer/dryer. The apartment includes two bedrooms, each with ensuite bathrooms, built-in closets, and ample storage.
  • Building Amenities: The building offers a range of amenities including a full-time doorman, resident storage, rooftop terrace, in-unit washer/dryer, fireplaces, and terraces/balconies.
  • Architectural Excellence: The stately pre-war condominium was designed by renowned New York architects Schwartz & Gross, with three penthouse apartments added during the conversion in 1989.
  • City Views: The apartment offers stunning city views, adding to the overall appeal and luxury of the property.

Description

This bright corner unit on the fifth floor of a white-glove pre-war Condo has been recently renovated and feels fresh and current. A large entrance gallery sets the tone for this gracious, high-ceilinged apartment.

The gallery leads to a beautifully-appointed living room with both south and west facing windows with views extending south down Park Avenue. The room is centered on a decorative fireplace which is flanked on either side by built-in window seats.

A columned archway leads you into a grand dining room that can easily seat ten or more.

Behind the dining room is a beautiful renovated kitchen, featuring gleaming white countertops and all new high-end appliances including a washer/dryer.

The two bedrooms are located at the east wing of the apartment and face the serene townhouse gardens at the back of the building. The primary bedroom has an ensuite bathroom and two built-in closets and plenty of storage. The second bedroom, also with ensuite bath, is bright and airy with two courtyard facing windows that offer light and tranquility.

525 Park Avenue is a premier white glove condominium located on Park Avenue and 61st Street.

Built in 1914 by architects Schwartz and Gross it is one of the rare pre-war condos on Park Avenue. The proximity to world class shopping, galleries, museums and Central Park make this a highly desirable location.

There is a Working Capital Contribution equal to one month’s common charges and real estate taxes payable by the purchaser.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Corcoran Group

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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