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500 Park Avenue, #24A

$3,500,000 ($1,311 per ft2) | 3 beds, 3 baths | Approx. 2,670 ft2
View Full Building Profile  | 
92 days on Market

Key Details

  • Listed: Mar 20, 2024
    Days on Market: 92
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $4,400
Monthly Real Estate Taxes: $3,938
Total Taxes & Fees: $8,338 ($3.12/ft2)
Est. Monthly Mortgage: $20,936
Total Est. Monthly Carrying Cost: $29,274 ($10.96/ft2)
Note: the above is based on a down payment of 10% ($350,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Design: This spacious 2,670 sq ft apartment is located in the prestigious Midtown East neighborhood and designed by the renowned architect James Polchek, winner of the gold medal for outstanding architecture by the AIA.
  • Apartment Features: The apartment offers all four exposures, open city and park views, abundant natural light, a spacious windowed eat-in kitchen, and a primary suite that overlooks Central Park. It also has new HVAC systems, top quality kitchen appliances, in-unit washer/dryer, fireplaces, and potential for customization according to the new owner's preferences.
  • Privacy and Security: With only two homes per floor, this apartment offers excellent privacy. The building amenities include a full-time doorman/concierge, a roof garden, private storage, and a full service garage.
  • Payment Options: The seller is open to modern payment methods and accepts Bitcoin or other cryptocurrency.
  • Building Policies: The building allows corporate ownership, pets, and subletting, making it a flexible choice for various types of homeowners.
  • Local Amenities: The apartment is close to world-class shopping and fine dining establishments, and the building itself offers a rooftop terrace and outdoor entertainment space.

Description

Residence 24A is the perfect blank canvas for a discerning new owner to create their own dream home. It encompasses 2660 Square feet with rooms in opulent proportions, and it features all four exposures, open city and park views, abundant natural light from sunrise to sunset. Only two homes per floor for excellent privacy, opening the elegant double front doors, and passing the grand vestibule and gallery hall, you will arrive at the great room measuring 24 by 31 feet, perfect for entertaining.

The windowed eat-in kitchen is very spacious. The layout allows 3 bedrooms or two bedrooms with a library or a media room. Currently both bedrooms have on suite bathrooms. The primary suite occupies the south west corner of the building, overlooking Central Park and perfect for watching the enchanting sunset. All HVAC systems are new.

Also brand new top quality kitchen appliances waiting to be installed. The seller is open to Bitcoin or other crypto currency payment!! The building, designed by renowned architect James Polchek, who was awarded the gold medal for outstanding architecture by the AIA, features full-time doorman/concierge, a roof garden and private storage. World-Class shopping abounds nearby including: Louis Vuitton, Chanel, Bergdorf, Tiffany and other fine establishments along NYC’s Gold Coast. Fine dining also awaits you just outside with such notables: Le Bilboquet, Avra Estiatorio, La Goulue, Nello’s, Phillip Chow, and Vaucluse.

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Listing courtesy of Compass

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

 

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