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The Yosemite, 550 Park Avenue, #16AE

$2,325,000 ($1,898 per ft2) | 2 beds, 2 baths | Approx. 1,225 ft2
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46 days on Market

Key Details

  • Listed: Mar 18, 2024
    Days on Market: 46
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 102 times
Monthly Maintenance: $5,149 ($4.20/ft2)
Est. Monthly Mortgage: $12,891
Total Est. Monthly Carrying Cost: $18,040 ($14.73/ft2)
Note: the above is based on a down payment of 20% ($465,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This apartment is located in a prestigious neighborhood on Park/Fifth Ave. to 79th St., just two blocks from Central Park and close to premier restaurants, shops, and museums. It's also near fashionable boutiques and restaurants on Madison Avenue and not far from two subway lines, providing easy access to public transportation.
  • High-End Building Features: The building is a high-rise, pre-war cooperative designed by J.E.R Carpenter, a renowned architect of luxury residential buildings. It has only 32 apartments, ensuring a sense of exclusivity, and features a full-time doorman, concierge services, an elevator with a part-time operator, and consistent fenestration for aesthetic appeal.
  • Spacious and Sunny Apartment: Situated on the 16th floor, the apartment offers sunny open views and an oblique view of Central Park from the master bedroom. It also features nearly 10-foot ceilings, adding to the spacious feel.
  • Thoughtful Design: The apartment has a well-designed division between public and private space, and comes with a large storage room in the basement, providing extra storage space.
  • Flexible Ownership: The building allows trusts and pied-a-terres, offering flexibility for different types of ownership.
  • Pet-Friendly: Pets are welcome in this building, making it suitable for pet owners.

Description

This 5-room residence is ideally situated on the 16th floor, with sunny open views, including an oblique view of Central Park from the master bedroom. With charmingly scaled rooms, nearly 10-foot ceilings, and well-designed division between public and private space, this two bedroom, two bathroom apartment is a perfect home or part-time residence and a rare opportunity to live in one of New York’s most distinguished cooperatives. Trusts and pied-a terres are allowed, 50% financing permitted, pets are welcome, and the apartment comes with a large storage room in the basement. 550 Park Avenue was designed in 1917 by the city’s foremost architect of luxury residential buildings, J.E.R Carpenter, and has long been prized for its sophisticated elegance and grandeur.

Located two blocks from Central Park, it sits amidst the city’s premier restaurants, shops and museums, and offers the perfect New York address.

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About The Yosemite, 550 Park Avenue

81

The Yosemite, 550 Park Avenue has received a CityRealty Rating of 81, 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

26
Out of 44
+
28
Out of 36
+
17
Out of 39
+
10
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 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:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 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:
Outstanding 5 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:
Some 2 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:
2 4 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 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:
Yes 1 out of 1 points
Elevator Person:
Yes 1 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: 1952
  • Concierge
  • Elevator Operator
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Elevator

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Pros
  • Very elegant building
  • Attractive layouts
  • Few apartments
  • Concierge
  • Doorman
  • Consistent fenestration
  • Close to many fashionable boutiques and restaurants on Madison Avenue
  • Not far from two subway lines
  • Part-time elevator operator
Cons
  • No sundeck
  • No health club
  • No garage
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Subways

  1. F
at Lexington Ave and 63rd 0.15 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.16 miles
  1. M
  2. E
at 5th Ave and 53rd 0.46 miles

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