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The Palacio, 620 Park Avenue, #2

$6,499,000 ($1,625 per ft2) | 5 beds, 4 baths | Approx. 4,000 ft2
Building Profile  | 
169 days on Market

Key Details

  • Listed: May 22, 2024
    Last Price Change: ($351,000) on Jul 1
    Days on Market: 169
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 192 times
Monthly Maintenance: $11,002 ($2.75/ft2)
Est. Monthly Mortgage: $34,381
Total Est. Monthly Carrying Cost: $45,383 ($11.35/ft2)
Note: the above is based on a down payment of 20% ($1,299,800), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: This luxurious apartment is located in the exclusive Park/Fifth Ave. to 79th St. neighborhood, close to boutiques and subway for easy access to the city.
  • Design & Size: The spacious 4,000 sq ft apartment, designed by renowned architect J. E. R. Carpenter, features 5 bedrooms, 4 bathrooms, a large living room, library, formal dining room, and a separate den/breakfast room.
  • Unique Features: The apartment boasts a private elevator landing, herringbone oak floors, original moldings, central AC, custom lighting, two wood-burning fireplaces, and large closets and built-ins in all bedrooms.
  • Kitchen & Amenities: The windowed eat-in kitchen is equipped with top-of-the-line appliances. The apartment also includes a separate laundry room and staff/office with a full bathroom.
  • Building Facilities: The building offers a full-time doorman, fitness center, and live-in resident manager. It is a pre-war white-glove boutique co-operative with only fourteen residences, providing a sense of exclusivity.
  • Primary Bedroom: The corner primary bedroom has eastern and southern exposures, with an ensuite windowed bathroom featuring a shower, separate tub, and custom mosaic floors.

Description

This elegant and well-proportioned apartment is the quintessential pre-war Park Avenue home. This residence boasts approximately 4,000 sq ft with 11 rooms, 4 bedrooms, and 4 bathrooms, including an oversized living room, library, formal dining room, windowed eat-in kitchen with separate den/breakfast room, laundry room, and staff/office with a full bathroom.

Step off the private elevator landing and into the gracious center entrance gallery with a large walk-in closet and bathroom. All of the public entertaining rooms are laid before you.

The great room with two double windows is centered on the wood-burning fireplace and is flanked by the massive dining room and charming library, creating a 60 ft+ expanse overlooking Park Avenue with treelined views. The library has built-in bookcases and cabinets and the formal dining room is perfect for entertaining and situated off the kitchen.

The enormous windowed eat-in chef’s kitchen has an abundance of counter and storage space, custom cabinetry, double sinks, and top-of-the-line appliances, including a Subzero refrigerator with four additional refrigerator drawers, and two freezer drawers, two dishwashers, a Wolf 6-burner stove and oven, an additional turbo chef oven, and a warming drawer. This large space opens directly to the large informal den.

Additionally, there is a separate laundry room, staff/office, and marble bathroom off the kitchen.

A separate hallway leads you to the bedroom wing, with 4 gracious bedrooms and 3 full bathrooms. The corner primary bedroom has eastern and southern exposures, a wood-burning fireplace, and two walk-in closets. The ensuite windowed bathroom features a shower, a separate tub, and custom mosaic floors.

The three additional bedrooms all include large closets and built-ins.

Other features of this beautiful home include herringbone oak floors & original moldings throughout, Central AC, and custom lighting-a storage cage transfers with the sale of the apartment.

Ideally situated in the heart of one of the most exclusive neighborhoods in New York City, 620 Park Avenue is a prewar white-glove boutique co-operative with only fourteen residences. Amenities include a full-time doorman, fitness center, roof terrace, and live-in resident manager. The purchaser pays a 3% flip tax.

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Apartment Amenities

  • City View
Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Palacio, 620 Park Avenue

76

The Palacio, 620 Park Avenue has received a CityRealty Rating of 76, 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

21
Out of 44
+
29
Out of 36
+
16
Out of 39
+
10
=
76
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 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:
Enclosed 1 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:
Part of Historic District 1 out of 2 points
Unity:
Unrelated Base 0 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 10 blocks 5 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:
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:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 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:
Quite Stylish 3 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 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:
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:
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:
Some 1 out of 2 points

Building Amenities

  • FT Doorman
  • Elevator

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Pros
  • Very few apartments
  • Large apartments
  • Doorman
  • Close to boutiques
  • Prime location
  • Designed by J. E. R. Carpenter
  • Close to Subway
Cons
  • No sidewalk landscaping
  • No balconies
  • No garage
  • No roof deck
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Subways

  1. F
at Lexington Ave and 63rd 0.17 miles
  1. 6
at Lexington Ave 0.19 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
at 3rd Ave and 60th 0.30 miles

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