550 Park Avenue, Unit 2W

Upper East Side

$5,500,000
Price
3
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
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 perfectly 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. In addition, two staff rooms on the 18th floor have been combined to create the only Private Gym in the building which can convey with the apartment for an additional monthly fee of $1,500. A large private Storage Bin is also included.


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. No financing permitted. 3% flip tax paid by purchaser. Summer work rules are January 3 to November 1.


Co-Exclusive with the Modlin Group.

Amenities

  • Street Scape
  • Full-Time Doorman
  • Concierge
  • Open Views
  • Fireplace
  • Elevator
  • Formal Dining Room
  • Foyer

Location

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LISTING UPDATED: 03/11/2020 01:09 PM

Property Details for 550 Park Avenue, Unit 2W

StatusTemporarily Off Market
Days on Market26
Taxes-
Maintenance$6,667 / month
Min. Down Pymt-
Total Rooms8.0
Compass TypeCo-op
MLS Type-
Year Built1917
CountyNew York County

Building

550 Park Ave

36 Units17 StoriesBuilt in 1917

Location

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Building Information for 550 Park Avenue, Unit 2W

Building/Complex550 Park AveFloor2Stories17Residences36Pet PolicyAllowedYear Built1917Building AgePre-warBuilding TypeMidrise

Payment Calculator

$36,683 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$0

Maintenance/Common Charges

$6,667

The Payment Calculator is for illustrative purposes only.

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.

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