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10 Park Avenue, #12H

$4,850,000 | 2 beds, 2 baths
View Full Building Profile  | 
45 days on Market

Key Details

  • Listed: Mar 13, 2024
    Days on Market: 45
    Building Type: Cooperative
    Neighborhood: Murray Hill (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $3,598
Est. Monthly Mortgage: $25,061
Total Est. Monthly Carrying Cost: $28,659
Note: the above is based on a down payment of 25% ($1,212,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This property is centrally located in mid-town Manhattan, with a private entrance on Park Avenue. It's in close proximity to dining, shopping, and entertainment options in neighboring districts like NoMad and Chelsea, and near major transportation hubs like Grand Central Terminal.
  • Versatile Use and Amenities: The property offers both residential and commercial potential, housed in a landmarked Art Deco building. It's a 271-unit cooperative that combines prewar charm with top-notch amenities like a central laundry room, bike room, and resident storage.
  • 24/7 Services: The building provides 24-hour doorman and concierge service, with a live-in superintendent on staff. Co-purchasers, sublets, pied-a-terres, parents purchasing, and guarantors are all considered on a case-by-case basis.
  • Outdoor Spaces: Residents have access to a furnished roof deck with panoramic views, an outdoor entertainment space, and a spectacular sundeck on the north side of the building. Upper floors offer superb views.
  • Pet-Friendly: The building welcomes pets, making it a great choice for animal lovers.
  • Convenient Transportation: The property is conveniently located near buses and subway, making it easy to navigate the city.

Description

These Apartments 1H/2H at 10 Park Avenue are an incredible opportunity, offering both residential and commercial potential in a prime location. The flexibility to have a workspace on the ground level while maintaining a comfortable living space above is appealing, especially for professionals looking to streamline their work-life balance. The apartments have their own private entrance on Park Avenue.

The space is currently being used as a laboratory for a pharmaceutical business. A rare opportunity in such a prestigious location in central mid-town Manhattan. The amenities, including the 24-hour doorman, concierge service, and access to a furnished roof deck with panoramic views, add to the appeal of the property. And being situated in the heart of Murray Hill with easy access to dining, shopping, and entertainment options in neighboring districts like NoMad and Chelsea, makes it even more desirable. The proximity to major transportation hubs like Grand Central Terminal, as well as the convenience of being near Madison Square Park and various hospitals, further enhances the convenience and accessibility of this location. The apartments offer a unique blend of Park Avenue luxury, convenience, and versatility that would appeal to a range of discerning buyers or entrepreneurs looking to establish their presence in a prestigious New York City address.

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 10 Park Avenue

55

10 Park Avenue has received a CityRealty Rating of 55, 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

21
Out of 44
+
23
Out of 36
+
11
Out of 39
=
55
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 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:
Allowed and Present 0 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Open 2 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:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 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:
Quite Stylish 3 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 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:
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:
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:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Outdoor Entertainment Space
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Superb views from upper floors
  • Very central location on elegant avenue
  • Some terraces
  • Doorman
  • Concierge
  • Convenient to buses and subway
  • Spectacular Sundeck on the north side of the building
Cons
  • No garage
  • No health club
  • Considerable traffic
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Subways

  1. 6
at Park Ave 0.11 miles
  1. M
  2. B
  3. D
  4. F
  5. N
  6. Q
  7. R
at Broadway and 35th 0.36 miles
  1. 4
  2. 5
  3. 7
at Madison Ave and 42nd 0.38 miles

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