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A blog from CityRealty (Links below will take you to the 6sqft site)

500 Park Tower, 500 Park Avenue

Between East 58th Street & East 59th Street

Key Details

  • Year Built 1984
    Building Type Condominium
    Neighborhood Midtown East
  • Total Apartments 56
    Total Floors 40
    Doorman FT Doorman
Avg. Price / ft2
$83
Avg. Price / ft2

Description

The 1984 condominium apartment tower at 500 Park Avenue is one of the finest post-war designs in the city and the winner of a national award for its architect, James Stewart Polshek, from the American Institute of Architects.

The building is split between offices on its lower floors and residences on the upper floors, with separate entrances. Amenities include a 24-hour doorman, concierge, storage and roof deck. Corporate ownership, pets and subletting are allowed. Located on the border between Midtown and the Upper East Side, 500 Park Avenue is steps from some of Manhattan’s finest restaurants and world-class shopping.

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Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Full Service Garage
  • Garden
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Fireplaces
  • Terraces / Balconies

Apartments for Sale at 500 Park Avenue (2)

2
Available Apts
$4.3M - $8.5M
Price Range
$1,715
Avg. Price / ft2
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Apartments for Rent at 500 Park Avenue (1)

1
Available Apts
$18,500
Prices Start At
$83
Avg. Price / ft2
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Rating

29
Out of 44

Architecture Rating: 29 / 44

+
29
Out of 36

Location Rating: 29 / 36

+
19
Out of 39

Features Rating: 19 / 39

+
9
=
86

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #31 Rated condo - Midtown
  • #10 Rated condo - Midtown East
 
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Carter Horsley's Review

Carter Horsley's Building Review
"This 1984 condominium apartment tower is one of the finest post-war designs in the city and the winner of a national award for its architect, James Stewart Polshek, from the American Institute of Architects.

Its clean-cut, modern lines, incised windows and asymmetrical massing have been highly influential, and the building is a rare example of a contextual design that complements a modern landmark, the short office building at 500 Park Avenue on the southeast corner at 59th Street." Read Carter's Full Review
Pros
  • Prime- central midtown location
  • Architecturally distinguished
  • Few apartments per floor
  • Concierge
  • Handsome lobby
  • Great views
  • Close to Subway
Cons
  • Heavy traffic
  • No balconies
  • No sundeck
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More Neighborhood Info

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 0.26 miles
  1. M
  2. E
at 5th Ave and 53rd 0.31 miles
 
 

Closing History - Last 10 sales

10
Units Sold
$3.9M - $9.3M
Price Range
$2,296
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 325 Available for Sale
  • $1,878 Avg. Price / Ft2
  • $2,923,503 Avg. Price
  • $1,475,000 Median Price
  1. Most Expensive One Beacon Court Apt PH5152W | $34,000,000
    Price / ft2 $3,778
  2. Least Expensive The St. Regis Apt 822 | $164,000
    Price / ft2 $137
Not enough data available to generate chart.
  • 132 Available for Rent
  • $81 Avg. Price / Ft2
  • $9,345 Avg. Price
  • $5,925 Median Price
  1. Most Expensive 432 Park Avenue Apt 66B | $69,000
    Price / ft2 $206
  2. Least Expensive 321 East 54th Street Apt 8G | $1,900

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