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$4,920,075
List Price: $4,995,000
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550 Park Avenue #3W
Coop in Lenox Hill •  building info
4bd • 3.5ba
Buy with Yoreevo

$4,920,075

List Price

$4,995,000

Key Details
Days on market
47
Last price change
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Estimated payment
$24,009/mo
Taxes
Included in maintenance fees
Maintenance
$8,223/mo
Description
Welcome to an exceptional opportunity to reside in one of Manhattan's most prestigious addresses at 550 Park Ave. This exquisite residence offers an expansive layout featuring four spacious bedrooms and three and a half bathrooms, perfectly designed for comfort and elegance. A private elevator landing leads you into this 9-room home where a gracious entry hall unveils an exquisite residence designed by the renowned architect, Costas Kondylis. The apartment boasts 11-foot ceilings and oversized windows, offering views to the north of the iconic Colony Club and a glimpse of the Park Avenue malls. A formal dining room and living area stretch to nearly 50 of frontage over tree lined 62nd street, which lends itself perfectly for entertaining or simply indulging in the depth of the rooms. The living room has a wood-burning fireplace, stunning hardwood floors, and room for multiple seating areas. The grandly scaled dining room blends seamlessly into the living space and can host lavish parties with unlimited seating . The beautifully appointed library off the living room also has a wood burning fireplace. As you make your way through to the sleeping quarters, the primary suite is a serene retreat with a western exposure and offers generous closet space, seating area and an en-suite bathroom. The additional 3 bedrooms provide flexibility for family, guests, or additional workspace. A separate eat-in, windowed refurbished kitchen features a butler's pantry ideal for any culinary endeavor as well as a separate breakfast room. There is also a washer/dryer in the unit. With northern, southern, eastern, and western exposures, the apartment is bathed in natural light throughout various times. Additional luxuries include a dressing area, powder room, and a convenient in-unit washer/dryer. Completed in 1917, 550 Park Avenue is one of Manhattan's preeminent luxury pre-war cooperatives located on the southwest corner of Park Avenue and 62nd Street. Designed by J. E. R. Carpenter, it is famous for its elegant and grand layouts adorned with pre-war details. A full-service building, 550 Park Ave. is located in close proximity to Central Park and the Madison & Fifth Avenue shopping and restaurants. 50% financing permitted and there is a 3% flip tax paid by the buyer.

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Important Stuff
Elevator
Washer/Dryer in unit
Full Time Doorman
Policies
Pied-a-Terre Allowed
Unit features
Dishwasher
Fireplace
Hardwood floors
Building amenities
Services and facilities
Fios Available
Laundry in Building
Storage

Locker/Cage

Building info

History
What it'll cost
Purchase price
$4,995,000
Asking Price: $4,995,000
Term
30 Years
Down Payment
$2,497,000 (50%)
Min: 50% (2,497,000)
Rate
6.5 %
Mortgage Amount
$2,497,500
Mortgage Payment
$15,786
Maintenance
$8,223
Estimated Yoreevo rebate
$74,925
Estimated closing cost
$82,000
Total monthly cost $24,009
Buy your dream home with us and get an estimated $74,925 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Compass

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