Total Est. Monthly Carrying Cost:
$36,249 ($8.53/ft2)
Note: the above is based on a down payment of 50% ($3,747,500),
which is the minimum amount permitted by the building.
Description
BRING YOUR ARCHITECT/DESIGNER/CONTRACTOR!
RARE OPPORTUNITY TO OWN THE TOP FLOOR, ONE OF A KIND, 5 BEDROOM, RESIDENCE 12W.
A palatial corner residence saturated with natural light, this 5-bedroom (including 1 staff bedroom), 4.5-bathroom home is a wonderful opportunity to create a contemporary Park Avenue masterpiece. Situated on the highest floor for its line, unit 12W boasts the ideal blend of space, light, and charming details for a stunning custom renovation. Features include 8 handsome oversized Juliette balconies, enormous windows with quadruple exposure, original parquet hardwood floors, high 10 foot ceilings, a wood-burning fireplace.
From a private elevator landing, the home opens into a gorgeous grand gallery and then flows into a formal living room and a quiet library.
The living room possesses a wood-burning fireplace and leads into a formal dining room with access to the kitchen and a powder room. The kitchen is large and is equipped with a windowed breakfast room, a pantry, and more than enough space for multiple fridges and ovens and any modern configuration.
The corner primary bedroom overlooks Park Avenue and has large closets and a windowed en-suite bathroom. The second bedroom has private closet space and a windowed en-suite, while the remaining two bedrooms share access to a final windowed full bathroom.
One of the bedrooms also has a wet bar. The staff room has a full en-suite, double exposure, and plenty of storage space.
555 Park Avenue was designed by George and Edward Blum, originally built in 1914 and converted to a co-op 1946. This highly desired building includes a 24 hour doorman, concierge, resident superintendent, a fitness room, and a large dedicated storage bin. Pets are allowed. 50% financing is allowed, 3% flip tax paid by the purchaser.
There are no summer work rules.
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