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515 Park Avenue, #36372EF

$22,000,000 ($4,400 per ft2) -20% | 4 beds, 6+ baths | Approx. 5,000 ft2
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839 days on Market

Key Details

  • Listed: Jan 7, 2022
    Last Price Change: -20% ($5.5M) on Nov 8
    Days on Market: 839
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,638 times
Monthly Common Charges: $10,755
Monthly Real Estate Taxes: $13,094
Total Taxes & Fees: $23,849 ($4.77/ft2)
Est. Monthly Mortgage: $121,259
Total Est. Monthly Carrying Cost: $145,108 ($29.02/ft2)
Note: the above is based on a down payment of 20% ($4,400,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This luxurious condominium is located at 515 Park Avenue, in the prestigious Park/Fifth Ave. to 79th St. neighborhood. It's in close proximity to the subway, famous boutiques, stores, and restaurants.
  • Exquisite Interior: The 5,000 sq. ft. property boasts 4 bedrooms with en-suite onyx baths, a state-of-the-art chef’s kitchen with Thermador, SubZero and Miele appliances, and double exposures in every room. The interior also features Parquet de Versailles floors, onyx and marble floors and door surrounds, a 19th century French scagliola fireplace, and Guerin hardware throughout.
  • Modern Amenities: The building offers full-time concierge and valet service, a fitness center, a dining salon with a catering kitchen, a conference room, and 24-hour security. The unit itself is equipped with a private elevator, a Crestron sound and lighting system, fiber optics, and central air conditioning.
  • Building Details: Built in 2000, the condominium building houses 38 apartments spread over 43 floors. Amenities include a private gym, full-time doorman, concierge, valet services, a dining room and individual staff suites. However, it does not feature a roof deck or balconies.
  • Financial Details: The property is listed for $22,000,000, which equates to $4,400 per sq. ft. The monthly common charges amount to $10,755, with real estate taxes coming in at $13,094. The total taxes and fees are $23,849 ($4.77/ft2). A flip tax of 2% is to be paid by the buyer.
  • Unique Features: The property offers a private elevator and an onyx staircase, double exposures in every room, and a park view. It also features a wood burning fireplace, adding a touch of coziness to the luxurious space.

Description

This massive 5000 sq. ft. Park Avenue Penthouse condominium duplex two blocks from Central Park, offers extraordinary scale, soaring 11’5” ceilings, huge floor to ceiling windows with glorious views of Central Park, four bedrooms, four full baths and two half baths. A studio apartment overlooking Park Avenue that can be used for staff, guest, office, or additional bedroom, is available for purchase, as well as a wine room and two storage units. Panoramic views of Central Park, the Manhattan skyline, Park Avenue and beyond to the George Washington Bridge surround the Penthouse, which is gloriously imbued with the architectural genius of world renowned designer, Juan Pablo Molyneux.

The duplex, located in one of New York’s most coveted limestone condominiums at the corner of Park Avenue and 60th Street, offers utmost privacy comprising the entire 36th floor and 37th floor of this 43 story building, and is joined by an exquisite onyx staircase with an intricately designed wrought iron railing, and the apartment’s own private interior elevator. Every room in this sumptuous residence has double exposures either north and west over Central Park or south and east with iconic city views, filling the Penthouse with extraordinary light. Molyneux’s superb finishes consist of parquet de Versailles floors, onyx and marble floors and door surrounds, a 19th century French scagliola fireplace, Guerin hardware throughout, all reflecting the grandeur and meticulous workmanship of Molyneux.

The private elevator landing leads to a grand entrance gallery with onyx and marble patterned floor, soaring 11’ 5” tray ceiling and sweeping onyx staircase with beautiful wrought iron railing, and leading to the private quarters on the second floor. Off the entrance gallery is the magnificent 30’ x 20’ corner drawing room with parquet de Versailles floor, Venetian plaster walls, rare 19th century French scagliola woodburning fireplace, 11.5 ceiling and three floor to ceiling windows filling the room with Central Park views, iconic city views, and beautiful light. The private corner library is off the living room and has 11’5” ceiling and long views north and east.

Across the entrance gallery is the 20’ corner formal dining room with parquet de Versailles floor, 11’5” ceiling and floor to ceiling windows with views to the ornate top of the Pierre Hotel and the park beyond. A lavish onyx powder room is off the entrance gallery. The large 24’ x 14’ corner windowed dine-in chef’s kitchen is state-of-the-art and offers a marble floor, center island, custom cabinetry with marble countertops, Thermador, SubZero and Miele appliances, and a breakfast area.

A staff bath is off the kitchen. The upper floor has 4 corner bedrooms, including the enormous corner master bedroom, 21’ x 15’, with high ceiling and floor to ceiling windows offering views of Central Park and north to the George Washington Bridge. The huge spa-like en-suite onyx master bath has a large window, double vanity sinks, a jacuzzi, and walk-in shower. Two oversized walk-in closets complete the master suite.

The second bedroom is 20’ x 13’, with double exposures with beautiful views, high ceiling, large walk-in closet, and en-suite onyx bath. The third and fourth corner bedrooms face east with brilliant sunshine, high ceilings, floor to ceiling windows, and en-suite onyx baths. A laundry room completes the floor. The Penthouse has a Crestron sound and lighting system, fiber optics, and central air conditioning.

The prestigious white glove condominium offers a full-time concierge and valet service, elegant lobby, windowed private sitting room off the lobby, state-of-the-art fitness center, dining salon with catering kitchen for use by residents, conference room, and 24 hour security. The Penthouse offers an extraordinary lifestyle, close to world class shopping, restaurants, museums, cultural events. Flip Tax: 2% Paid By Buyer

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 515 Park Avenue

88

515 Park Avenue has received a CityRealty Rating of 88, 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

27
Out of 44
+
28
Out of 36
+
23
Out of 39
+
10
=
88
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 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:
Not Allowed 2 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 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:
Less than 3 Short Blocks 2 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:
3-6 Short Blocks 1 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:
Stunning 5 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 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:
Some 1 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 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:
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
  • Central AC
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Party Room
  • Valet Parking
  • Fitness Center
  • In-Unit Washer/Dryer
  • Common Dining Room
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Many stunning vistas
  • Close to SubwayClose to Subway
  • Close to many famous boutiques- stores and restaurants.
  • Tallest residential building on Park Avenue
  • Some terraces
  • Private dining room
  • Full-service building with many amenities
  • Several duplexes
  • Fitness center
  • Library
  • Wine cellars
  • Fewer apartments than floors
  • High ceilings
  • Very good public transportation
  • Doorman
  • Private storage
  • Concierge
Cons
  • No roof deck
  • No balconies
  • Considerable traffic
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.08 miles
  1. F
at Lexington Ave and 63rd 0.19 miles
  1. M
  2. E
at 5th Ave and 53rd 0.38 miles

Aerial Imagery

 

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