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In Contract

480 Park Avenue, #8G

$2,195,000 | 2 beds, 3 baths
Building Profile  | 
517 days on Market

Key Details

  • Listed: Jun 7, 2023
    Days on Market: 517
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $3,825
Est. Monthly Mortgage: $7,272
Total Est. Monthly Carrying Cost: $11,097
Note: the above is based on a down payment of 50% ($1,097,500), which is the minimum amount permitted by the building.

Description

Situated in one of Park Avenue’s most esteemed pre-war cooperatives, perfectly located at the crossroads of the Upper East Side and the most prestigious part of midtown, this elegant 7 room apartment offers approximately 2200 square feet of extraordinary space, with grand proportions and plenty of opportunities for customization.

The spacious entry gallery features a vaulted ceiling and opens to an impressive, light-filled living room, with 10-foot ceilings, herringbone pattern hardwood floors, 3 oversized south-facing windows, and a wood-burning fireplace. At the other end of the gallery is the dining room, which opens to a wood-paneled library.

These rooms could be combined to create a grand formal dining room, the original layout of the apartment. Adjacent to the dining room is a large eat-in kitchen, with extensive storage, a washer and dryer, and a convenient service entrance. A generous staff room (or home office) has an ensuite bath and is just off of the library.

The tranquil and bright bedrooms are ideally located in a private wing, separated from the rest of the apartment by a spacious hallway with a large walk-in cedar closet.

Each of the two bedrooms has splendid south facing windows and extensive storage space. The grandly scaled primary suite has a huge cedar-lined walk-in closet, and an enormous marble-clad bath featuring two separate sinks and vanities, a walk-in shower, separate bathtub, and a window. The secondary bedroom also features a walk-in cedar closet and a windowed marble bath.

Designed by legendary architect Emery Roth and completed in 1929, 480 Park Avenue boasts one of the most impressive lobbies in Manhattan, as well as 24-hour doormen and a concierge, a live-in resident manager, a stunning roof deck with glorious views, and a fitness center. Steps from Central Park, and surrounded by New York City’s finest restaurants, museums and shopping along on Madison and Fifth Avenues.

Up to 50% financing, pets, pied-a-terres and foreign buyers are all permitted, with board approval. 2% coop transfer fee paid by the purchaser.

Showings are by appointment only, Monday through Friday between 9am and 5pm.

Co-Exclusive with Compass

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Apartment Amenities

  • Southern Exposures
Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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About 480 Park Avenue

82

480 Park Avenue has received a CityRealty Rating of 82, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

28
Out of 44
+
25
Out of 36
+
19
Out of 39
+
10
=
82
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Fitness Center
  • Rooftop Terrace

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Pros
  • Great lobby
  • Doorman
  • Working fireplaces
  • Very elegant and large rooms
  • Central location
  • Close to Subway
Cons
  • No sundeck
  • No garage
  • No health club
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.14 miles
  1. F
at Lexington Ave and 63rd 0.27 miles
  1. M
  2. E
at 5th Ave and 53rd 0.30 miles

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