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480 Park Avenue, #10E

$2,000,000 -27.3% | 2 beds, 2.5 baths
333 days on Market

Key Details

  • Listed: Apr 4, 2023
    Last Price Change: -27.3% ($750,000) on Oct 2
    Days on Market: 333
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 211 times
Monthly Maintenance: $4,659
Est. Monthly Mortgage: $6,849
Total Est. Monthly Carrying Cost: $11,508
Note: the above is based on a down payment of 50% ($1,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious and Elegant: This 2-bedroom, 2.5-bathroom apartment at 480 Park Avenue offers nearly 2000 square feet of living space, featuring high ceilings, oversized rooms, a wood burning fireplace, and a new kitchen and laundry room.
  • Building Amenities: The cooperative building, built in 1929, provides a full-time doorman, a fitness center, a rooftop terrace, and concierge service, offering residents the highest level of service.
  • Prime Location: Situated in Midtown East, the apartment is close to Central Park, the Plaza Hotel, top restaurants, Madison and Fifth Avenue shopping, and cultural attractions.
  • Pet-Friendly: Pets are considered on a case-by-case basis, making it a potential choice for pet owners.
  • Financial Details: The apartment is listed for $2,000,000 with a monthly maintenance fee of $4,469. A 2% flip tax is to be paid by the purchaser, and a maximum of 50% financing is allowed.
  • Limited Showing Times: Potential buyers should note that there are no weekend or evening showings for this apartment.

Description

Opportunity knocks with $750,000 reduction! Estate says sell!
Elegant and sprawling 2 bedroom, 2.5 bath, prewar residence featuring grand and gracious layout, high ceilings and oversized & well proportioned rooms including: huge, sun-filled South facing living room w/ wood burning fireplace; sunny primary bedroom with dressing room & en-suite bath; large 2nd bedroom/library with bath; chic and striking entrance gallery/dining room; and lovely new kitchen and laundry room w/ half bath.

The E line apartment offers superb flow, commanding nearly 2000 square feet, ample closets and charming prewar details throughout.
480 Park Avenue is a premier cooperative residence designed by Emery Roth and is known for having one of the grandest lobbies in NYC. The building offers its residents the highest level of service including 24- hour doorman, concierge service, fitness room and rooftop terrace. Pied a terre buyers are permitted and pets are considered on a case by case basis.

Maximum 50% financing allowed. 2% flip tax, by purchaser. No weekend or evening showings.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 480 Park Avenue

82

480 Park Avenue has received a CityRealty Rating of 82, 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
+
25
Out of 36
+
19
Out of 39
+
10
=
82
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 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:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 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:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 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:
Stunning 5 out of 5 points
Units Per Floor:
5-9 2 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:
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:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Fitness Center
  • Rooftop Terrace

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Pros
  • Great lobby
  • Doorman
  • Working fireplaces
  • Very elegant and large rooms
  • Central location
  • Close to Subway
Cons
  • No sundeck
  • No garage
  • No health club
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.14 miles
  1. F
at Lexington Ave and 63rd 0.27 miles
  1. M
  2. E
at 5th Ave and 53rd 0.30 miles

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