550 Park Avenue, Unit 2W

Lenox Hill

$3,750,000
Price
3
Beds
3
Baths
1
1/2 Bath
3,500 Sq. Ft.
$1,071 / Sq. Ft.
3,500
Sq. Ft.
$1,071
per Sq. Ft.

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!...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.

Property Details for 550 Park Avenue, Unit 2W

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City
LISTING UPDATED: 10/10/2024 10:41 AM

Property Details for 550 Park Avenue, Unit 2W

StatusActive
MLS IDRPLU-33423118344
Days on Market50
Taxes-
Maintenance$8,044 / month
Min. Down Pymt-
Total Rooms8.0
Compass TypeCo-op
MLS TypeCo-op
Year Built1917
CountyNew York County

Building

550 Park Ave

36 Units17 StoriesBuilt in 1917

Building Information for 550 Park Avenue, Unit 2W

Building/Complex550 Park AveFloor2Stories17Residences36Pet PolicyAllowedYear Built1917Building AgePre-warBuilding TypeMidrise

Property Information for 550 Park Avenue, Unit 2W

Summary
Location and General Information
  • Subdivision Name: Lenox Hill
  • Stories Total: 17
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 0037
  • Tax Deduction Percent: 58.00%
  • Tax Block: 01376
  • Flip Tax Type: Percent
  • Association Fee Frequency: Monthly
  • Flip Tax: $3
  • Building Tax Lot: 0037
  • Tax Monthly Amount: 0.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 3500.0
  • Living Area Units: SquareFeet
Building Information
  • Building Features: Storage
  • Landmark Status YN: false
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: Yes
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: StockCooperative
  • Number Of Shares: 425
  • New Construction: No
  • Structure Type: HighRise
  • Property Condition: Fair
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Cooling: VariesByUnit
  • Entry Level: 2
  • Appliances: WasherDryerAllowed
  • Fireplace Features: Other
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Floor Number: 2
  • Basement: No
  • Cooling: Yes
  • Laundry Features: WasherHookup, InUnit
  • Ceiling Height Units: Feet
  • Ceiling Height: 10.5
  • ElevatorsTotal: 5
Multi Family
Multi-Family Information
  • Unit Line: W
  • Number Of Units Total: 35
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: DoormanFullTime, ElevatorAttendancePartTime
  • Land Lease: No

Property History for 550 Park Avenue, Unit 2W

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Schools near 550 Park Avenue, Unit 2W

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
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 167 Robert F Wagner
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.

Similar Homes

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Similar Sold Homes

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550 Park Avenue, Unit 2W is a co-op for sale in Lenox Hill. This property was listed for sale on September 3, 2024 by Corcoran Group, it's currently listed at $3,750,000. 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. 550 Park Avenue, Unit 2W is a 3-bed, 3.5-bath, 3,500 sqft co-op built in 1917.

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 Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 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 2024, 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. ©2024 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.©2024 The Real Estate Board of New York, Inc., All rights reserved.