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550 Park Avenue #2E
Coop in Lenox Hill •  building info
5bd • 5ba • 4,500ft² $1,600 per ft²
Sold price

$7,200,000

Key Details
Days on market
21
Last price change
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Estimated payment
$45,165/mo
Taxes
Included in maintenance fees
Maintenance
$9,700/mo
Description
Elegance is epitomized on Park Avenue in this exquisite, sprawling 11 room, five-bedroom residence, complete with a library, staff room, windowed eat-in kitchen, expansive formal dining room, and enormous corner living room. The property boasts an impressive number of windows overlooking Park Avenue and the Colony Club. Designed by the renowned architect James E. R. Carpenter, 550 Park was constructed in 1917 and is distinguished by its grand proportions, high ceilings, large windows, intricate moldings, and beautifully crafted herringbone patterned floors. Upon exiting the elevator onto the private landing, one enters the stately entry hall, leading to a bright, corner living room with unobstructed views of Park Avenue. The room's working wood-burning fireplace and nearly forty-foot length create a warm, inviting atmosphere, with an abundance of natural light throughout the day. The spacious dining room is ideal for gracious entertaining, accommodating guests with ease. The large, eat-in kitchen features stainless steel appliances, an oversized Sub-Zero refrigerator, and additional service space in the adjacent Butler's pantry, laundry room, and staff room with bath. Each east-facing bedroom is generously sized, filled with natural light, and provides a peaceful retreat. The separation between private and public areas ensures complete privacy. 550 Park is a white-glove doorman building, complete with a live-in superintendent and full-time porter. Located in the heart of the Upper East Side, mere minutes from Central Park and Midtown, residents enjoy unparalleled access to some of the world's premier shopping and dining destinations.

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Important Stuff
Elevator
Washer/Dryer in unit
Full Time Doorman
Policies
Pied-a-Terre Allowed
Unit features
Central Air
Dishwasher
Fireplace
Hardwood floors
View

City, Garden

Building amenities
Services and facilities
Concierge
Fios Available
Laundry in Building
Live In Super
Package Room
Storage

Locker/Cage

Building info

History
What it'll cost
Purchase price
$7,200,000
Asking Price: $7,200,000
Term
30 Years
Down Payment
$1,440,000 (20%)
Min: 20% (1,440,000)
Rate
6.25 %
Mortgage Amount
$5,760,000
Mortgage Payment
$35,465
Maintenance
$9,700
Estimated closing cost
$169,000
Total monthly cost $45,165
Listing Courtesy of Coldwell Banker Warburg

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