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In Contract

740 Park Avenue, #PH1718D

$25,000,000 -27.5% | 3 beds, 4 baths
1640 days on Market

Key Details

  • Listed: May 29, 2019
    Last Price Change: -9.1% ($2.5M) on Apr 28
    Days on Market: 1640
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 12,252 times
Monthly Maintenance: $23,739
Est. Monthly Mortgage: $137,658
Total Est. Monthly Carrying Cost: $161,397
Note: the above is based on a down payment of 20% ($5,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Price: This luxurious apartment is located at 740 Park Avenue, in the prestigious Park/Fifth Ave. to 79th St. neighborhood, and is listed for $25,000,000.
  • Interior Features: The apartment boasts 3 bedrooms, 4 bathrooms, a private elevator landing, a library with a wood-burning fireplace and wet bar, Parquet de Versailles floors in the living room, a formal dining room with views of Central Park, and a fully-equipped windowed Butler's pantry. The state-of-the-art windowed eat-in-kitchen is equipped with top-of-the-line appliances.
  • Outdoor Features: The property features two large terraces with stunning views of the Manhattan skyline and Central Park, as well as a top floor landscaped roof terrace with seating nooks.
  • Building Amenities and Maintenance: The building offers a full-time doorman and concierge service, a fitness center, private storage for tenants, intercom, washer/dryer in building, and laundry room. The monthly maintenance fee is $23,739.
  • Design and Construction: The apartment was renovated by renowned architect Oscar Shamamian and designer Michael Smith. The building was constructed in 1930 and houses 31 apartments across 19 floors.
  • Accessibility: The property is conveniently located in close proximity to the subway, although it does not have a garage or roof deck.

Description

This spectacular penthouse is an elegant eyrie at the apex of 740 Park Avenue, and is arguably one of New York’s finest residences. A private elevator landing opens onto a magnificent sun-flooded windowed gallery with 12 ceilings and a sweeping staircase. On the east end of this grand and gracious entry way is a handsome library with a wood-burning fireplace, wet bar, and a pair of French doors leading to a south-facing terrace. At the western end of the gallery, and with stunning views of the Manhattan skyline is a large terrace, which is accessed from both the gallery and the enormous living room immediately adjacent.

The elegant and imposing living room features parquet de Versailles floors, a wood burning fireplace, beautiful moldings and architectural details, and over-sized windows highlighting the breath-taking views of Central Park to the west. Adjoining the living room is an impressive and stately formal dining room which enjoys views of Central Park and dramatic city views to the north. A fully-equipped windowed Butlers pantry is next to the dining room, which leads to the state-of-the art windowed eat-in-kitchen.

Top-of- the line appliances include a 6-burner Wolf range, Subzero refrigerator, Miele dishwasher, and two wine refrigerators. There is a large center island with seating, in addition to a separate breakfast area. The rest of the first floor is comprised of a guest room with full bath, home office, powder room, laundry room, coat closet, and back stairs. The second floor is accessed by staircases (both front and back) and by a private elevator landing.

Flowing off the spacious upstairs landing is an enormous terrace which wraps around the entire second floor, and features numerous seating areas to take in the stunning views. Inside a private hallway leads to a luxurious master bedroom suite, with a wood burning fireplace, a beautifully appointed marble bathroom, and ample closet space. Adjoining the master bedroom is a second bedroom/study with an en-suite windowed marble bathroom.

Nearby a staircase leads up to the top floor landscaped roof terrace, which has charming trellised walls, seating nooks, and dazzling views. The apartment is in triple-mint condition and was completely renovated by the architect Oscar Shamamian and world-renowned designer Michael Smith. 740 Park Avenue is a distinguished full-service co-op, with a fitness center and private storage for tenants.

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 740 Park Avenue

93

740 Park Avenue has received a CityRealty Rating of 93, 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

30
Out of 44
+
28
Out of 36
+
25
Out of 39
+
10
=
93
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:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 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:
Present 1 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
Part of Historic District 1 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 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:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 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:
Stunning 5 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
Very Attractive 3 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:
Some 1 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:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Health Club
  • Intercom
  • Washer/Dryer in building
  • Elevator
  • Laundry Room
  • Fireplaces
  • Landmarked
  • Terraces / Balconies

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Pros
  • Grand apartments
  • Sidewalk landscaping
  • Storage
  • Health club
  • Doorman
  • Concierge
  • High ceilings
  • Fireplaces
  • Doorman
  • Prime location
  • Extremely exclusive and expensive
  • Close to Subway
Cons
  • No garage
  • No roof deck
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Subways

  1. 6
at Lexington Ave 0.19 miles
  1. F
at Lexington Ave and 63rd 0.43 miles

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