500 Park Avenue, Unit PH39/40

500 Park Avenue Tower Condominium
Midtown East

$19,500,000
Price
7
Beds
4
Baths
2
1/2 Baths
9,072 Sq. Ft.
$2,149 / Sq. Ft.
9,072
Sq. Ft.
$2,149
per Sq. Ft.

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Description

Experience unparalleled luxury in this magnificent 17-room Penthouse tower residence, spanning over 9,000 ft² and occupying the entire 39th and 40th floors of a premier white-glove Condominium at Park Avenue and 59th Street. A renowned architect custom designed this extraordinary home that is complemented by a large stunning entertaining terrace and offers breathtaking, unobstructed panoramic views of the Manhattan skyline and Central Park. Lower Level: The elevator opens to an elegant Foyer on the...Experience unparalleled luxury in this magnificent 17-room Penthouse tower residence, spanning over 9,000 ft² and occupying the entire 39th and 40th floors of a premier white-glove Condominium at Park Avenue and 59th Street. A renowned architect custom designed this extraordinary home that is complemented by a large stunning entertaining terrace and offers breathtaking, unobstructed panoramic views of the Manhattan skyline and Central Park. Lower Level: The elevator opens to an elegant Foyer on the 39th floor, with a Circular Gallery connecting to an enfilade of grand public rooms. Each of the 70 oversized picture windows showcase open city and park views. The distinguished library, adorned with custom paneling, features a working fireplace and multiple French doors that open to a luxurious 24’ x 27’ 9’’ irrigated and planted entertaining terrace, designed by renowned landscape architect Ken Smith. Nearby, a stunning Powder Room designed by Thomas Hucker adds a touch of artistry. The entertainment rooms include a corner Living Room, a Study with a wood-burning fireplace, and an impressive corner Formal Dining Room with dramatic Central Park views, comfortably seating 18 guests. A Pantry with abundant storage for grand entertaining leads to the massive, double-sized custom-designed eat-in St. Charles kitchen, equipped with three sinks, granite counter tops, Bendheim glass cabinets, and top-of-the-line appliances, including La Cornue and Wolf ovens, two Sub-Zero refrigerators and two Miele dishwashers. The Kitchen opens to a large casual Breakfast Room for informal dining and a Media Room. This level also includes a Laundry Room, an additional Powder Room, and a private Bedroom with an en-suite Bath. Upper Level: The 40th floor, accessed via a custom-designed dramatic architecturally significant staircase, leads to the mezzanine hosting the private living quarters. The luxurious corner Primary Suite, situated in its own private wing, features a stunning northeast-facing Bedroom with two en-suite split Dressing rooms and Baths. The east-facing spa Bath includes heated floors, a giant soaking tub, a separate shower, and a large Dressing Room with a walk-in closet. The north side of the Primary Suite boasts a double Dressing Room and a second Primary Bathroom with a soaking tub and heated floors, offering complete privacy. The two additional wings feature four Bedrooms, two of which are corner Bedrooms with working fireplaces, a Sitting Room/5th Bedroom, two full Baths with tubs, a Wet Bar, a Home Office, and an additional Laundry Room. This home is ideal for opulent entertaining and luxurious living. Additional features include: central air conditioning and electric shades and generous storage throughout. Designed by James Polshek, 500 Park Tower condominium offers the finest amenities, including full-time doormen, concierge services, and private storage. Residents enjoy living in one of Manhattan’s most sought-after neighborhoods, close to the best shopping, fine dining, and a short distance to Central Park. Current monthly assessment through 6/25 $1,822.14. NO WEEKEND SHOWINGS M-F 9am-5pm

Property Details for 500 Park Avenue, Unit PH39/40

Zoning
C5-2.5/MID
View
City, Water, Skyline
LISTING UPDATED: 01/06/2025 11:21 AM

Property Details for 500 Park Avenue, Unit PH39/40

StatusActive
MLS IDPRCH-37044681
Days on Market5
Taxes$11,579 / month
Common Charges$14,927 / month
Min. Down Pymt-
Total Rooms17.5
Compass TypeCondo
MLS TypeCondo
Year Built1959
CountyNew York County

Building

500 Park Avenue Tower Condominium

50 Units39 StoriesBuilt in 1959

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Building Information for 500 Park Avenue, Unit PH39/40

Building/Complex500 Park Avenue Tower CondominiumFloor-Stories39Residences50Pet Policy-Year Built1959Building AgePost-warBuilding TypeHighrise

Property Information for 500 Park Avenue, Unit PH39/40

Summary
Location and General Information
  • Subdivision Name: Midtown Central
  • Stories Total: 39
  • Direction Faces: West
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 7501
  • Tax Block: 01294
  • Flip Tax Type: SeeRemarks
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 7501
  • Tax Monthly Amount: 11579.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
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Property
Lot Information
  • Living Area: 9072.0
  • Building Area Total: 190608.0
  • Lot Size Dimensions: 100.0 x 75.0
  • Living Area Units: SquareFeet
Building Information
  • Building Laundry Features: CommonArea, OnCommonFloor
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Percent Of Common Elements: 4.49%
  • Common Interest: Condominium
  • New Construction: No
  • Structure Type: MultiFamily
  • Property Condition: Excellent
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, WasherDryer
  • Fireplace Features: WoodBurning
  • Fireplaces Total: 4
  • Fireplace: Yes
  • Flooring: Hardwood
  • Furnished: Unfurnished
  • Interior Features: Elevator, Storage
  • Laundry Features: LaundryRoom, OnCommonFloor
  • ElevatorsTotal: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 56
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: DoormanYes, DoormanFullTime
  • Owner Pays: None
  • Renting Allowed: Yes

Property History for 500 Park Avenue, Unit PH39/40

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 500 Park Avenue, Unit PH39/40

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
East Side Elementary School, PS 267
Public - K to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 104 Simon Baruch
Public - 6 to 8
Rating
School
Distance
East Side Elementary School, PS 267
PublicK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 500 Park Avenue, Unit PH39/40, Midtown East

500 Park Avenue, Unit PH39/40 is a condo for sale in Midtown East. This property was listed for sale on January 6, 2025 by Sothebys International Realty, it's currently listed at $19,500,000. This listing's school district is New York City Geographic District # 2. Nearby schools include East Side Elementary School, PS 267, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 500 Park Avenue, Unit PH39/40 is a 7-bed, 5-bath, 9,072 sqft condo built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sothebys International Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.