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In Contract

500 Park Avenue, #28A

$3,995,000 ($1,502 per ft2) | 3 beds, 2.5 baths | Approx. 2,660 ft2
Building Profile  | 
217 days on Market

Key Details

  • Listed: Apr 18, 2024
    Last Price Change: ($255,000) on Jun 19
    Days on Market: 217
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 176 times
Monthly Common Charges: $5,066
Monthly Real Estate Taxes: $3,938
Total Taxes & Fees: $9,004 ($3.38/ft2)
Est. Monthly Mortgage: $23,849
Total Est. Monthly Carrying Cost: $32,853 ($12.35/ft2)
Note: the above is based on a down payment of 10% ($399,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Award-Winning Architecture: The building, voted in the top 5 condominiums in Midtown East, is a masterpiece by James Stewart Polshek, a national award winner from the American Institute of Architects. It is architecturally distinguished with a handsome lobby and offers great views.
  • Prime Location: This ultra-luxurious condominium is located at 500 Park Avenue, one of the most iconic addresses in New York City. It sits on the border between Midtown and the Upper East Side, and is steps away from Manhattan’s finest restaurants and world-class shopping.
  • Spacious and Luxurious Residence: The 2,667 sqft residence on the 28th floor offers 360 degree breathtaking views of the City and Central Park. It features 2 bedrooms with en-suites, a large library/den/3rd bedroom, another half bath, an abundance of closets, and a semi-private elevator landing for optimum privacy.
  • Full Service Amenities: The building offers full time doormen, concierge, hall porters and a resident manager. Amenities include a full service garage, garden, outdoor entertainment space, in-unit washer/dryer, fireplaces, terraces/balconies, and a rooftop terrace.
  • Convenient Transportation: The building is close to the subway for easy transportation and also offers a river view.
  • Perfect for Entertaining: The expansive living room and dining area are perfect for entertaining. The windowed eat-in kitchen is fully equipped with top-of-the-line appliances.

Description

A rare opportunity to live in one of the most iconic addresses in New York City. Voted in the top 5 condominiums in Midtown East, 500 Park Avenue is an ultra-luxurious building located in a prime location right on the border between Midtown and the Upper East Side. Built in 1984 it is one of the finest post-war designs in the city and the winner of a national award for its architect, James Stewart Polshek, from the American Institute of Architects. Located on the 28th floor, this 2,667 sqft exclusive residence offers 360 degree breathtaking views of the City and Central Park . The apartment features 2 bedrooms with en-suites, a large library / den / 3rd bedroom, another half bath and an abundance of closets.

You will enjoy a semi-private elevator landing allowing for optimum privacy. As you enter, an impressive 28 foot gallery leads to an expansive living room and dining area perfect for entertaining. The main bedroom presents beautiful, open and extensive Central Park views.

The windowed eat-in kitchen is fully equipped with top-of-the-line appliances and has a lovely built-in banquet for dining. This premiere residence has a discreet entry off Park Avenue, full time doormen, concierge, hall porters and a resident manager, plus a rooftop terrace. The building is located steps from some of Manhattan’s finest restaurants, world class shopping and much more. Tenants in place until August 2024. Some pictures are Virtually Staged

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Apartment Amenities

  • Washer/Dryer in apt.
Listing courtesy of Compass

Pricing History

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About 500 Park Avenue

86

500 Park Avenue has received a CityRealty Rating of 86, 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

29
Out of 44
+
29
Out of 36
+
19
Out of 39
+
9
=
86
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 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:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 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:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
3-6 Short Blocks 1 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:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 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:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Full Service Garage
  • Garden
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Prime- central midtown location
  • Architecturally distinguished
  • Few apartments per floor
  • Concierge
  • Handsome lobby
  • Great views
  • Close to Subway
Cons
  • Heavy traffic
  • No balconies
  • No sundeck
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.13 miles
  1. F
at Lexington Ave and 63rd 0.26 miles
  1. M
  2. E
at 5th Ave and 53rd 0.31 miles

Aerial Imagery

 

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