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$5,171,250
List Price: $5,250,000
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550 Park Avenue #16C
Coop in Lenox Hill •  building info
3bd • 2ba • 2,650ft² $1,981 per ft²
Buy with Yoreevo

$5,171,250

List Price

$5,250,000

Key Details
Days on market
7
Last price change
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Estimated payment
$28,079/mo
Taxes
Included in maintenance fees
Maintenance
$11,487/mo
Description
PARK AVENUE GRANDEUR Grand, sun-flooded 3 bedroom residence with soaring 10+ foot ceilings and panoramic skyline views of Park Avenue and beyond -- reaching all the way to the East River. This elegant home is abound with classic pre-war details featuring: crown, dental and chair rail moldings, beautiful herringbone floors, oversized windows and copious closet space. One enters from the semi-private elevator landing into a stately formal entry gallery where a paneled archway leads to the 27-foot, expansive corner living room, with multiple seating areas and a marble-mantled gas fireplace. The traditional formal dining room is accessed from the living room through pocket doors, making this sublime home perfect for large or intimate entertaining. Off the dining room is a spacious windowed kitchen with glass-front cabinets and granite countertops replete with a sizeable walk-in pantry. On the far side of the gallery is the well-appointed library lined with custom bookcases, built-ins and a charming dry bar. The shared en-suite bath connects to the spacious second bedroom with light-filled Eastern views. A long, private hallway lined with mirrored floor-to-ceiling wardrobes accesses the enormous corner primary bedroom with walk-in closet and a luxurious en-suite bath. There is central air in the public rooms and a basement storage unit is included. Can be combined with neighboring apartment 16AE to create a full floor residence. Built in 1917 by renowned architect J.E.R. Carpenter, 550 Park Avenue is one of the City's premier, full-service co-ops in close proximity to Central Park and the best shops and restaurants. Washer/Dryer and pets allowed. Up to 50% financing is permitted and a 3% flip tax is paid by the purchaser.

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Important Stuff
Elevator
Full Time Doorman
Policies
Pied-a-Terre Allowed
Unit features
Central Air
Dishwasher
Hardwood floors
Fireplace

Gas

View

City, Skyline

Building amenities
Services and facilities
Fios Available
Laundry in Building
Storage

Locker/Cage

Building info

History
What it'll cost
Purchase price
$5,250,000
Asking Price: $5,250,000
Term
30 Years
Down Payment
$2,625,000 (50%)
Min: 50% (2,625,000)
Rate
6.5 %
Mortgage Amount
$2,625,000
Mortgage Payment
$16,592
Maintenance
$11,487
Estimated Yoreevo rebate
$78,750
Estimated closing cost
$126,000
Total monthly cost $28,079
Buy your dream home with us and get an estimated $78,750 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Brown Harris Stevens

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