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In Contract

500 Park Avenue, #16D

$1,995,000 ($1,168 per ft2) -9.1% | 3 beds, 2 baths | Approx. 1,708 ft2
View Full Building Profile  | 
216 days on Market

Key Details

  • Listed: Sep 21, 2023
    Last Price Change: -9.1% ($200,000) on Feb 5
    Days on Market: 216
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 170 times
Monthly Common Charges: $3,227
Monthly Real Estate Taxes: $2,974
Total Taxes & Fees: $6,201 ($3.63/ft2)
Est. Monthly Mortgage: $12,370
Total Est. Monthly Carrying Cost: $18,571 ($10.87/ft2)
Note: the above is based on a down payment of 10% ($199,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This luxurious condominium is located at 500 Park Avenue, Midtown East, near the 4,5, 6, N, and F trains. It's in close proximity to Central Park and offers easy access to world-class shopping and dining.
  • Spacious and Bright: The apartment offers 3 bedrooms and 2 bathrooms across approximately 1,708 square feet. It features a bright corner living room with a wall of windows on Park Avenue, spacious enough to accommodate a separate dining room and entertaining area.
  • High-End Amenities: The building provides a full-time doorman, concierge, resident storage, full service garage, garden, rooftop terrace, washer/dryer in building, elevator, outdoor entertainment space, in-unit washer/dryer, fireplaces, and terraces/balconies.
  • Flexible Ownership: The building allows corporate ownership, pets, and subletting, making it a versatile choice for a variety of potential buyers.
  • Architectural Excellence: The building was designed by renowned architect James Polshek, who was awarded the gold medal for outstanding architecture by the AIA - American Institute of Architects. Built in 1984, it contains 56 apartments across 40 floors.
  • Affordable Luxury: Listed for $2,195,000 ($1,285 per ft2), the apartment comes with monthly common charges of $3,059 and real estate taxes of $2,974, totaling $6,033 ($3.53/ft2). The main bathroom features marble walls, a deep soaking tub, a standing shower, and a large window, and the apartment includes a washer/dryer and plenty of closet space.

Description

Elegant 3 bedroom 2 bath condo in the prestigious Park Avenue Tower Condominium. This sophisticated residence, located on the prime corner of 59th Street and Park Avenue and at one of New York City’s most highly regarded Full-Service White-Glove Condominiums, features a bright corner living room with a wall of windows on Park Avenue, spacious enough to accommodate a separate dining room and entertaining area. With approximately 1,700 square feet, the apartment boasts a private wing with two large bedrooms and one separate third bedroom, perfect as a guest room.

The main bathroom is spa-like with marble walls, a deep soaking tub, a standing shower, and a large window. Lots of closets and a Washer/Dryer in the apt.

The Tower was designed by renowned architect James Polshek, who was awarded the gold medal for outstanding architecture by the AIA - American Institute of Architects. The building features a full-time Doorman, Concierge, Roof garden, and a live-in Resident Manager.Just two blocks from Central Park, close to all World-Class shopping and dining, and conveniently located near the 4,5, 6, N, and F trains make it the perfect location for a Pied-à-Terre or first home.

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Apartment Amenities

  • River View

Listing Agent (Seller's Representative)

Listing courtesy of Corcoran Group

Pricing History

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About 500 Park Avenue

86

500 Park Avenue has received a CityRealty Rating of 86, 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

29
Out of 44
+
29
Out of 36
+
19
Out of 39
+
9
=
86
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 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:
Very Attractive 3 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:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 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:
Dazzling 4 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:
Less Than 3 Short Blocks 2 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:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 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:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

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

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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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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

Aerial Imagery

 

Other Apartments Available in this Building (2)

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