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The Yosemite, 550 Park Avenue, #2W

$3,750,000 ($1,071 per ft2) | 3 beds, 3.5 baths | Approx. 3,500 ft2
Building Profile  | 
65 days on Market

Key Details

  • Listed: Sep 3, 2024
    Days on Market: 65
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $8,044 ($2.30/ft2)
Est. Monthly Mortgage: $19,838
Total Est. Monthly Carrying Cost: $27,882 ($7.97/ft2)
Note: the above is based on a down payment of 20% ($750,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Exclusivity: With only 32 apartments in the building, residents can enjoy a sense of exclusivity and privacy.
  • Building Amenities and Policies: The building offers a concierge, full-time doorman, resident storage, and a part-time elevator operator. It allows pieds-à-terre, pets, and 50% financing, and trusts are welcome.
  • Prime Location: This spacious 3-bedroom, 3.5-bathroom apartment is located in the prestigious Park Avenue neighborhood, close to fashionable boutiques and restaurants on Madison Avenue. It's also conveniently near two subway lines for easy commuting.
  • Exclusive and Elegant Living: The apartment, with approximately 3,500 square feet of living space, features private elevator access, an elegant gallery space for art, a grand living and dining room, and city views. The building, designed by renowned architect James E.R. Carpenter, is celebrated for its sophisticated elegance and prewar grandeur.
  • High-End Features: The apartment boasts 10-foot ceilings, a wood-burning fireplace, oversized windows, a spacious kitchen with a butler’s pantry, and a sizable laundry room that can be converted into a third bedroom.
  • Comfort and Privacy: The corner primary bedroom includes a dressing area and an en-suite bathroom. The second bedroom also has an en-suite bathroom, and there's a staff room with its own bathroom, adding to the home’s versatility.

Description

Welcome to Apartment 2W at 550 Park Avenue, a sprawling eight-room residence encompassing approximately 3,500 square feet. Step off a private elevator into an elegant gallery, perfect for showcasing an art collection. The gallery opens into a grand living and dining room that stretches nearly 50 feet, ideal for hosting large gatherings.

With 10-foot ceilings, a wood-burning fireplace, and oversized windows that offer tree-top views of the iconic Colony Club, this space exudes timeless sophistication!

The adjacent library and powder room can easily be reimagined as a fourth bedroom. The spacious kitchen, complete with a butler’s pantry, is well-equipped to cater to entertaining on a grand scale.

The corner primary bedroom features a dressing area and an en-suite bathroom. The second bedroom also includes an en-suite bathroom, ensuring privacy and comfort.

Additionally, a sizable laundry room, located next to the staff room, offers the opportunity to create a third bedroom. The staff room itself includes its own bathroom, adding to the home’s versatility.

550 Park Avenue, designed by renowned architect James E.R. Carpenter and built in 1917, is celebrated for its sophisticated elegance and prewar grandeur. The building allows pieds-à-terre, pets, and 50% financing, and trusts are welcome.

A 3% flip tax is paid by the purchaser.

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Listing courtesy of Corcoran Group

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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