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In Contract

The Yosemite, 550 Park Avenue, #10

$18,800,000 ($2,686 per ft2) | 6 beds, 6+ baths | Approx. 7,000 ft2
Building Profile  | 
251 days on Market

Key Details

  • Listed: Mar 1, 2024
    Days on Market: 251
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 326 times
Monthly Maintenance: $22,799 ($3.26/ft2)
Est. Monthly Mortgage: $99,456
Total Est. Monthly Carrying Cost: $122,255 ($17.47/ft2)
Note: the above is based on a down payment of 20% ($3,760,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Design: This prestigious Park Avenue residence is located in a sought-after neighborhood, close to fashionable boutiques and restaurants on Madison Avenue. The full-floor residence, meticulously designed by renowned interior designer David Kleinberg, is in a building designed by J. E. R. Carpenter, a renowned architect of luxury residential buildings.
  • Space and Views: The residence boasts 7,000 square feet of living space with panoramic views of the Manhattan skyline from every direction. The grand sequence of public rooms, each imbued with natural light and breathtaking views, and the extraordinary gallery designed for the display of fine art, add to the grandeur.
  • Private and Public Areas: The residence features a private elevator landing and grand, circular foyer. The incredible eat-in chef’s kitchen with state-of-the-art appliances and a versatile wet bar, and the spacious guest bedrooms, each with en-suite baths, make it perfect for both private living and entertaining.
  • Luxurious Master Suite: The lavish primary bedroom comes with a fireplace, views across three exposures, two opulent dressing rooms, marble bathrooms, and a bespoke home gym, offering a luxurious living experience.
  • Additional Features: The residence also includes four fireplaces, high ceilings, an abundance of storage, a spacious laundry room with an adjacent staff room suite, and a separate service entrance.
  • Building Amenities and Exclusivity: The building offers amenities such as a concierge, elevator operator, and resident storage. With only 32 apartments in the building, residents can enjoy a sense of exclusivity and privacy, while also benefiting from easy commuting with two nearby subway lines.

Description

Nestled within the prestigious confines of 550 Park Avenue, this full-floor sanctuary effortlessly marries the quintessence of New York’s bygone era with the pinnacle of modern luxury and design. Spanning an impressive 7,000 square feet, this residence, meticulously reimagined by the renowned interior designer David Kleinberg, stands as a beacon of unparalleled perfection, offering panoramic views of the Manhattan skyline from every cardinal direction.

As you ascend in a private elevator landing, you are welcomed into a realm of exquisite elegance. The entrance unfolds into a grand, circular foyer, leading to an extraordinary gallery that serves as the backbone of this architectural marvel, designed for the display of fine art and the seamless flow between resplendent living spaces.

The public areas form a grand sequence of rooms-each a testament to sophisticated living and impeccable taste. From the splendid proportions of the living room to the refined ambiance of the formal dining room, reception room, and library, each space is imbued with natural light and breathtaking views.

The heart of this home is the incredible eat-in chef’s kitchen, a symphony of marble and stainless steel with state of the art appliances, flanked by a versatile wet bar, doubling as a butler’s pantry. This culinary masterpiece is engineered for both grandiose entertaining and private moments, bridging elegance with functionality.

The private quarters of the residence unfold with the same grandeur and attention to detail.

The primary bedroom, a lavish 38-foot retreat, boasts a fireplace and views across three exposures, anchored by two opulent dressing rooms and marble bathrooms, alongside a bespoke home gym-creating a secluded enclave of luxury.

3% Flip Tax paid by buyer

The guest wing complements this sanctuary, offering spacious bedrooms, each with en-suite baths, ensuring privacy and comfort for guests and family alike.

Further enhancing this exquisite residence are four fireplaces, high ceilings, and an abundance of storage, alongside a spacious laundry room with an adjacent staff room suite, and a separate service entrance.

This residence is a testament to the grandiosity of Park Avenue living, offering a rare fusion of space, luxury, and panoramic beauty, all while encapsulating the very essence of an opulent New York lifestyle

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Yosemite, 550 Park Avenue

81

The Yosemite, 550 Park Avenue has received a CityRealty Rating of 81, 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

26
Out of 44
+
28
Out of 36
+
17
Out of 39
+
10
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 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:
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:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 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 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:
Some 2 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:
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:
Quite Stylish 3 out of 5 points
Units Per Floor:
2 4 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:
Yes 1 out of 1 points
Elevator Person:
Yes 1 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

  • Conversion Year: 1952
  • Concierge
  • Elevator Operator
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Elevator

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Pros
  • Very elegant building
  • Attractive layouts
  • Few apartments
  • Concierge
  • Doorman
  • Consistent fenestration
  • Close to many fashionable boutiques and restaurants on Madison Avenue
  • Not far from two subway lines
  • Part-time elevator operator
Cons
  • No sundeck
  • No health club
  • No garage
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Subways

  1. F
at Lexington Ave and 63rd 0.15 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.16 miles
  1. M
  2. E
at 5th Ave and 53rd 0.46 miles

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