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778 Park Avenue, #12FL

Listing no longer available on CityRealty as of Sep 7, 2021
It previously was on the market for a total of 342 days.
Last Sold on May 2, 2023 for $24,950,000
5 beds, 5 baths | Approx. 5,500 ft2
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  • Buyers
  • William P Lauder
  • Sellers
  • Estate Of Claudia Cohen
  • Ronald O. Perelman, Executor
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342 days on Market

Pricing History

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Key Details

  • Listed: Sep 30, 2020
    Days on Market: 342
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 978 times
Monthly Maintenance: $27,637 ($5.02/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $175,833 ($31.97/ft2)
Note: the above is based on a down payment of 20% ($5,580,000), which is the minimum amount permitted by the building.

Description

Located on Park Avenue and East 73rd Street, this truly exceptional residence encompasses the entire 12th floor and blends Prewar style, spacious grand rooms, soaring 11-foot ceilings, detailed crown moldings and beautifully designed hardwood floors. Sunlight flows in from 34 windows, spanning all four exposures. One hundred feet of Park Avenue frontage with open views including the city skyline and distant views of Central Park to the west.

This elegant white glove prewar coop is one of Rosario Candela's most prestigious and coveted buildings.
You arrive on the 12th Floor of 778 Park Avenue through an elegant private elevator landing leading to the grand 36-foot entrance 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 x 19 room has herringbone floors and is centered around the grand wood burning fireplace. Adjacent is a 25 x 17 corner formal dining room with wood burning fireplace and a handsome wood-paneled library with custom built-ins and wood burning fireplace, including a closet or space for a wet bar. This original Candela designed layout graciously allows for all of the formal entertaining spaces to flow seamlessly.
The north wing of the residence has a large kitchen, pantry, beautiful sun-filled corner breakfast room and staff wing including a laundry room, staff dining room and 2 maid's rooms with a half bath.

These areas can all be combined and reconfigured. Up a set of stairs from the main floor is a staff suite with 2 additional maid's rooms and maid's bathroom.
The entire southern portion of this home is a separate bedroom wing and includes a long hallway which leads you to the spacious master suite and 4 additional bedrooms with 3 additional full bathrooms. The master suite includes a corner master bedroom with en-suite master bathroom and an exceptionally large dressing room with closets.
778 Park Avenue was designed by legendary Manhattan architect Rosario Candela, built in 1931 and considered to be one of his finest works.

This full-service white-glove cooperative consists of only 18 apartments; residents enjoy the highest level of service and security. This is a rare opportunity to own a residence in one of the most sought after addresses in New York City. 3% Flip Tax paid by Purchaser.

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Apartment Amenities

  • Great Lighting
  • City View
  • Park View
  • Washer/Dryer in apt.

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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