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N/A (N/A /ft2) %
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778 Park Avenue, #12 FL

Last Sold on May 2, 2023 for $24,950,000 ($4,536 / ft2) This was 10.6% less than the last listed price of $27,900,000 ($5,073 / ft2)
5 beds, 5 baths, 5,500 ft2
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  • Buyers
  • William P Lauder
  • Sellers
  • Estate Of Claudia Cohen
  • Ronald O. Perelman, Executor
97 days on Market
Currently for sale for $25,000,000

Pricing History

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Description

Perfectly situated on the 12th Floor of 778 Park Avenue, Rosario Candela''s most coveted building, this truly exceptional full-floor residence has spectacular entertaining rooms, soaring ceilings up to 11''7", and three wood burning fireplaces. Every room has picturesque views including views of Central Park from all of the western facing rooms. There are five bedrooms, five full bathrooms, two powder rooms as well as four staff rooms.


You arrive through an elegant private elevator landing leading to the grand 36''6" long gallery. Off the gallery is a powder room and two oversized coat closets. The sun-drenched living room boasts three oversized windows which face east over Park Avenue.

This magnificent 32''4" by 19''2" room has herringbone floors and is centered around the grand wood burning fireplace. Adjacent to the north is a 25''3" by 17''4" corner formal dining room with the second wood burning fireplace and to the south is a handsome wood-paneled library with custom built-ins and the third wood burning fireplace. This original Candela designed layout graciously allows for a beautiful enfilade of entertaining rooms which flow seamlessly.

There is an incredible windowed large eat-in kitchen with a center island, a windowed butler''s pantry, and a beautiful sun-filled corner breakfast room as well as a staff wing including a laundry room, staff dining room, two staff bedrooms and a powder room.


There is a separate bedroom wing. In the corner is the luxurious primary suite, which is a combination of two bedrooms. The sleeping quarters are in the corner facing south and east, there is a very large windowed en-suite bathroom, and an enormous dressing room. There are four additional large bedroom suites and three full bathrooms.


Up a set of stairs from the main floor is an additional staff suite with two more staff bedrooms and a staff bathroom.

Built in 1931, 778 Park Avenue was designed by legendary Manhattan architect Rosario Candela and is considered to be one of his finest works. This full-service white-glove co-operative consists of only 18 apartments; residents enjoy the highest level of service and security. The building has a gym, a yoga/massage room and a beauty parlor.


There is a 3% flip tax paid by the purchaser. There is a monthly assessment of $8,665 from March through December 2025 for Local Law 11.

This is a rare opportunity to own a residence in one of the most sought after addresses in Manhattan.

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About 778 Park Avenue

88

778 Park Avenue has received a CityRealty Rating of 88, 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
+
27
Out of 36
+
23
Out of 39
+
10
=
88
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:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 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:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
Part of Historic District 1 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:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 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:
Stunning 5 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 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:
Some 1 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

  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Elevator
  • In-Unit Washer/Dryer
  • Bike Room
  • Fireplaces
  • Landmarked
  • Live-In Superintendent
  • Terraces / Balconies

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