Built in 1959 by Kahn & Jacobs, Paul Resnick and Harry F. Green, 700 Park Avenue stands as one of the finest post war apartment buildings on the prestigious avenue. This 19 story co-op occupies the northwest corner at 69th Street, directly across from the elegant Union Club designed by Delano & Aldrich. The building features a glazed gray brick façade over a two story polished granite base, with handsome setbacks at the top and continuous glass balconies along the avenue. The site holds historical significance, having once housed the Union Theological Seminary and later serving as the residence of Arthur Curtis James, a railroad magnate who controlled about one seventh of all railroad track in the country and served as commodore of the New York Yacht Club.
The 48 apartments in this white glove co-op are notably spacious, with many featuring the grandeur typically associated with pre war buildings but with considerably more light and air. Common apartment features include wood burning fireplaces, solariums, butler's pantries, and exceptionally large rooms with high ceilings. Several units boast living and dining room combinations spanning over 55 feet, perfect for entertaining. Many apartments include separate guest suites available for purchase, located on different floors with their own private entrances. Notable design elements include parquet de Versailles floors, original black slate tile flooring, and some units feature mid century modern interiors designed by Ward Bennett.
The building's apartment layouts are impressively generous, with entrance galleries often measuring 16 to 21 feet in length, living rooms extending 27 to 31 feet, and dining rooms reaching 22 to 23 feet. Penthouses and higher floor units feature wrap terraces with sweeping city views, while duplex apartments offer over 3,500 square feet of living space. Many units include staff quarters, multiple walk in closets, windowed eat in kitchens, and pantries. The apartments commonly feature multiple exposures, with southern facing units offering treetop views and northern units providing courtyard vistas.
Building amenities reflect its status as a premier Park Avenue address, including a 24 hour doorman and concierge, live in superintendent, and newly renovated contemporary lobby. Residents enjoy access to a state of the art fitness center, on site parking garage, private storage, and two landscaped terraces including a rooftop terrace with city views. The co-op permits pets and pied à terre ownership on a case by case basis, allows 40 to 60 percent financing, and charges a 2 percent flip tax paid by the purchaser. Located steps from Central Park and Museum Mile institutions including the Frick Collection, Metropolitan Museum of Art, and Guggenheim, the building offers prime access to Manhattan's cultural and shopping destinations.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.