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Trump Park Avenue, 502 Park Avenue, #PH27

$10,950,000 ($2,604 per ft2) | 4 beds, 5.5 baths | Approx. 4,205 ft2
View Full Building Profile  | 
78 days on Market

Key Details

  • Listed: Feb 9, 2024
    Days on Market: 78
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 232 times
Monthly Common Charges: $7,381
Monthly Real Estate Taxes: $9,375
Total Taxes & Fees: $16,756 ($3.98/ft2)
Est. Monthly Mortgage: $68,032
Total Est. Monthly Carrying Cost: $84,788 ($20.16/ft2)
Note: the above is based on a down payment of 10% ($1,095,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This prestigious Park Avenue penthouse offers stunning 360-degree landmark views, with close proximity to Central Park, Madison Avenue's shops, countless restaurants and public transportation, including the subway.
  • Luxurious Living Space: The spacious, full-floor penthouse features a private elevator entrance, 4 bedrooms with en-suite baths, 5.5 baths in total, a formal entrance gallery, living room with fireplace, wet bar, formal dining room, and a top-of-the-line windowed chef’s kitchen with a separate windowed breakfast nook.
  • Master Suite: The primary suite boasts a private wing, fireplace, stunning views, two windowed baths, and 7 closets, offering the ultimate in luxury living.
  • High-End Amenities: The property offers white-glove hotel-style services and amenities, including a 24-hour doorman and concierge, full-time maintenance and security staff, housekeeping laundry services, live-in resident manager, state-of-the-art fitness center, attended lobby, resident storage, full service garage, health club, elevator, valet parking, and bike room.
  • Smart Home Features: The penthouse is equipped with extensive custom closets, a large laundry room, multi-zone central air, motorized shades, and a Savant smart home system, with all units pre-wired for high speed internet and cable access.
  • Historic Building: The building, built in 1929 and converted in 2005, has a rich history and offers city and river views, a garage with valet service, and daily maid and laundry service.

Description

Investors Only - Offered Fully Furnished! Long term tenant in place paying $52,500 per month. Immaculate Park Avenue Penthouse with 360-degree landmark views. A private elevator entrance leads directly into this graciously proportioned full-floor penthouse, located in Park Avenue’s premiere pre-war condominium.

Spanning 4,205 Square Feet, PH27 boasts four bedrooms, five and a half baths, and open views in all directions.

A formal entrance gallery leads to the 45-foot wide living room with a fireplace, adjoining wet bar and formal dining room, and three exposures overlooking the full expanse of Park Avenue. Adjacent to the dining room is a top-of-the-line windowed chef’s kitchen and separate windowed breakfast nook with a custom built-in banquette.

The primary suite occupies an entire private wing of this penthouse, including a graciously proportioned bedroom featuring a fireplace and three exposures with stunning Central Park and Park Avenue views, two windowed baths, and 7 closets including two walk-ins. Three additional graciously proportioned bedrooms with en-suite baths are tucked away in their own separate wing of the apartment.

Every detail is impeccably curated with top-of-the-line finishes throughout such as solid oak herringbone floors, striking coffered ceilings with recessed lighting, custom moldings, handcrafted Italian brass doorknobs, Fior de Pesco marble baths with bowed white wood cabinetry and Watermark chrome-nickel fixtures.

Additional special features include extensive custom closets, a windowed powder room, a large laundry room with a washer/dryer, multi-zone central air, motorized shades, and Savant smart home system throughout.

502 Park Avenue is the Upper East Side’s preeminent white-glove condominium. The 32-story building, designed by Goldner and Goldner in 1929 and originally named the Viceroy Hotel, later became the famed Hotel Delmonico. The hotel played host to bold-faced names including Bob Dylan and The Beatles, and long-term residents included Lucille Ball and Ed Sullivan.

White-glove hotel-style services and amenities include 24-hour doorman and concierge, attentive full-time maintenance and security staff, housekeeping laundry services, live-in resident manager, and state-of-the-art fitness center.

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Apartment Amenities

  • City View
  • River View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About Trump Park Avenue, 502 Park Avenue

85

Trump Park Avenue, 502 Park Avenue has received a CityRealty Rating of 85, 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

28
Out of 44
+
26
Out of 36
+
22
Out of 39
+
9
=
85
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Poorly Done 0 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 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:
3-6 Short Blocks 1 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:
Spacious 4 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 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:
Some 1 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:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2005
  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Health Club
  • Elevator
  • Valet Parking
  • Bike Room

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Pros
  • Resident building manager
  • Close to Subway
  • Good public transportation
  • Sidewalk landscaping
  • Lavish attended lobby
  • Great views
  • Concierge
  • Some high ceilings
  • Daily maid and laundry service is available
  • All units are pre-wired for high speed internet and cable access
  • Distinguished pre-war tower
  • Convenient to Madison Avenue boutiques
  • Fitness center
  • Garage with valet service
  • Very convenient to midtown
  • Doorman
Cons
  • Non-contextual alterations to tower
  • Lots of traffic
  • No sundeck
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.13 miles
  1. F
at Lexington Ave and 63rd 0.23 miles
  1. M
  2. E
at 5th Ave and 53rd 0.34 miles

Aerial Imagery

 

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