550 Park Avenue, Unit 2W

Lenox Hill

$3,995,000
Price
3
Beds
3
Baths
1
1/2 Bath
3,500 Sq. Ft.
$1,141 / Sq. Ft.
3,500
Sq. Ft.
$1,141
per Sq. Ft.

Description

Enjoy downtown living on Park Avenue in this ten into eight room residence in one of the Upper East Side’s most prestigious and sought-after cooperatives. Ideally located on the corner of 62nd Street and Park Avenue, Residence 2W epitomizes elegance and sophistication. Encompassing approximately 3,500 square feet, this extraordinary home is the spectacular result of a thoughtful and masterful design by noted architect, Cleo Nichols, who also designed gallery spaces for the Metropolitan Museum of...Enjoy downtown living on Park Avenue in this ten into eight room residence in one of the Upper East Side’s most prestigious and sought-after cooperatives. Ideally located on the corner of 62nd Street and Park Avenue, Residence 2W epitomizes elegance and sophistication. Encompassing approximately 3,500 square feet, this extraordinary home is the spectacular result of a thoughtful and masterful design by noted architect, Cleo Nichols, who also designed gallery spaces for the Metropolitan Museum of Art and Asia House. His attention to detail and artful eye is evidenced throughout the home with an unmistakable emphasis on surface and textual elements as well tone and shape. Perfect for an art collector, this loft-like space lends itself to showcase paintings and sculpture to maximum advantage. With soaring ten foot-plus ceiling heights and oversized windows with treetop views overlooking the historic Colony Club, the expansive and flexible layout is perfect for large scale entertaining as well as intimate gatherings. A private elevator landing opens to a grand entrance Gallery from which all the entertaining rooms radiate. The impressive Living and Dining area span a nearly 50-foot expanse and features a wood burning fireplace. The adjacent Library could easily serve as a third bedroom. The industrial-size Kitchen with Butler’s Pantry is large and can handle entertaining large groups. A corner Master Bedroom Suite with large custom dressing room is the result of combining two separate bedrooms. The second Bedroom, currently used as an office, has its own bathroom as does the large Staff Room. There is sizable Laundry Room as well.

550 Park Avenue was built in 1917 and designed by one of Manhattan’s most famous architects of prewar luxury residential buildings, James E. R. Carpenter, and has long been prized for its sophisticated elegance and grandeur. Pied a terres and pets allowed. 50% financing allowed. Trusts allowed. No LLC purchase. 3% flip tax paid by purchaser. Work rules: December 1 to January 6th.

Amenities

  • Corner Unit
  • Full-Time Doorman
  • High Ceilings
  • Oversized Windows
  • Elevator
  • Private Elevator
  • Washer / Dryer in Unit
  • Laundry in Building

Location

Listing Courtesy of Modlin Group LLC
Add your commute
LISTING UPDATED: 02/28/2024 03:18 PM

Property Details for 550 Park Avenue, Unit 2W

StatusActive
MLS IDPRCH-7856591
Days on Market64
Taxes-
Maintenance$7,513 / month
Min. Down Pymt50%
Total Rooms8.0
Compass TypeCo-op
MLS TypeCo-op
Year Built1917
CountyNew York County

Building

550 Park Ave

36 Units17 StoriesBuilt in 1917

Location

Listing Courtesy of Modlin Group LLC
Add your commute

Building Information for 550 Park Avenue, Unit 2W

Building/Complex550 Park AveFloor2Stories17Residences36Pet PolicyAllowedYear Built1917Building AgePre-warBuilding TypeMidrise

Payment Calculator

$21,139 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,626

Property Taxes

$0

Maintenance/Common Charges

$7,513

The Payment Calculator is for illustrative purposes only.

Property Information for 550 Park Avenue, Unit 2W

Summary
Location and General Information
  • Subdivision Name: Lenox Hill
  • Stories Total: 17
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 0037
  • Tax Block: 01376
  • Flip Tax Type: Percent
  • Association Fee Frequency: Monthly
  • Flip Tax: $3
  • Building Tax Lot: 0037
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 3500.0
  • Lot Size Dimensions: 100.42 x 116.67
  • Living Area Units: SquareFeet
Building Information
  • Building Laundry Features: CommonArea
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Common Interest: StockCooperative
  • Number Of Shares: 425
  • New Construction: No
  • Structure Type: None
Interior and Exterior Features
Interior Features
  • Entry Level: 2
  • Fireplace: No
  • Furnished: Unfurnished
  • Interior Features: Elevator, Storage
  • Laundry Features: LaundryRoom
  • Ceiling Height Units: Feet
  • Ceiling Height: 10.5
  • ElevatorsTotal: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 36
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Availability Date: 02-27-2024
  • Attendance Type: DoormanYes, DoormanFullTime
  • Owner Pays Remarks: Call Listing Agent

Property History for 550 Park Avenue, Unit 2W

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 550 Park Avenue, Unit 2W

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
East Side Elementary School, PS 267
PublicK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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550 Park Avenue, Unit 2W is a co-op for sale in Lenox Hill. This property was listed for sale on February 27, 2024 by Modlin Group LLC, it's currently listed at $3,995,000. This listing's school district is New York City Geographic District # 2. Nearby schools include East Side Elementary School, PS 267, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 550 Park Avenue, Unit 2W is a 3-bed, 3.5-bath, 3,500 sqft co-op built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Modlin Group LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.