NOT LISTED FOR SALE

Estimated Value: $2,687,000 - $3,680,000

3 Beds
2.5 Baths
2,001 Sq Ft
$3,651/mo HOA Fee

Last Sold May 15, 2023

Last sale price $3,500,000 $1,749 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $24,496/month

291 Days on Market

About This Home

As of May 2023

This sophisticated Manhattan residence is located in one of New York City's most highly regarded Full-Service White-Glove Condominiums, 500 Park Tower Condominium at the corner of Park Avenue and 59th Street.

Enter 34B through double entry doors into a gallery leading to the large corner living room and dining area with sweeping City views of Central Park, Upper East Side, and 59th Street Bridge. At 2001 sf, you don't see room sizes or a floor plan like this too often. Pocket doors connect you to the library with a wood burning fireplace and beautiful built ins. The library could also serve as the guest room or convert to a third bedroom.

The apartment features a windowed eat-in kitchen with great counter space and storage, SubZero refrigerator and top of the line appliances, including a washer/dryer. There is room for a table and chairs to enjoy the view of Central Park.

The oversized primary bedroom suite has beautiful Western views of Central Park, Central Park South, the Sherry Netherland Hotel and Columbus Circle. Window seats line the wall of windows and it's the perfect perch to sit and watch the sunset. Also included in the suite is a large dressing room with wonderful closet place and a nook perfect for a desk. The windowed en-suite bathroom has a jacuzzi tub with views, a large shower, a water closet and a bidet.

The second bedroom is very spacious with great closet space and beautiful white marble en-suite bath with a large shower. Other apartment features include gorgeous hard wood floors, molding throughout, custom lighting, a powder room and a storage unit.

The building, designed by renowned architect James Polchek, who was awarded the gold medal for outstanding architecture by the AIA, features full-time doorman/concierge, a roof garden and private storage. World-Class shopping abounds nearby including: Louis Vuitton, Chanel, Bergdorf, Tiffany and other fine establishments along NYC's Gold Coast. Fine dining also awaits you just outside with such notables: Le Bilboquet, Avra Estiatorio, La Goulue, Nello's, Phillip Chow, and Vaucluse.

Last Agent to Sell the Property

Doreen Courtright

Douglas Elliman Real Estate License #30CO1011611 Listed on: 05/12/2022

Douglas Elliman Real Estate

Co-Listed By

Johanna Rubbert

Compass License #10301218310

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42,492

Year Built

  • Built in 1959

Lot Details

  • 7,536

HOA Fees

  • $3,651 Monthly HOA Fees

Home Design

  • 2,001 Sq Ft Home
  • Entry on the 34th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Washer Dryer Allowed

Community Details

  • 53 Units
  • 500 Park Avenue Tow Condos
  • Middle East Side Subdivision
  • 40-Story Property

Listing and Financial Details

  • Tax Block 01294

Property Details

Home Type

Condominium

Est. Annual Taxes

$42,492

Year Built

Built in 1959

Lot Details

0

HOA Fees

$3,651 per month

Listing Details

  • Cross Street: MADISON AVENUE and PARK AVENUE
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Middle East Side
  • Entry Level: 34
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 40

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 2001.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3651.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 500 PARK AVENUE TOW
  • Units: 53
  • Total Stories: 40
  • Year Built: 1959

Tax Info

  • Tax Block: 01294
  • Tax Annual: 42492.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
May 15, 2023
Sold by
Nur Limited
Bought by
Clark Ian
Seller's Agent
Doreen Courtright
Douglas Elliman Real Estate
List Price
$3,995,000
Sold Price
$3,500,000
Premium/Discount to List
-$495,000
-12.39%
Views
10
Current Estimated Value
$3,270,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$229,014
Avg. Annual Appreciation
-2.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Clark Ian $3,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Off Market $3,500,000 -- --
05/15/2023 05/15/23 Sold $3,500,000 0.0% $1,749 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
01/16/2023 01/16/23 Price Changed $3,500,000 -4.8% $1,749 / Sq Ft
12/14/2022 12/14/22 Price Changed $3,675,000 -3.2% $1,837 / Sq Ft
09/12/2022 09/12/22 Price Changed $3,795,000 -5.0% $1,897 / Sq Ft
05/25/2022 05/25/22 For Sale $3,995,000 +14.1% $1,997 / Sq Ft
05/24/2022 05/24/22 Off Market $3,500,000 -- --
04/20/2022 04/20/22 Off Market $12,500 -- --
02/14/2020 02/14/20 Rented -- -- --
02/14/2020 02/14/20 Rented $12,500 0.0% --
01/15/2020 01/15/20 Under Contract -- -- --
01/06/2020 01/06/20 For Rent $12,500 -50.0% --
06/11/2014 06/11/14 Rented -- -- --
05/12/2014 05/12/14 Under Contract -- -- --
11/14/2013 11/14/13 For Rent $25,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,466 $358,246 $116,069 $242,177
2024 $43,466 $347,671 $116,069 $231,602
2023 $42,735 $348,377 $116,069 $232,308
2022 $42,489 $347,797 $116,069 $231,728
2021 $39,234 $319,830 $116,069 $203,761
2020 $42,879 $358,313 $116,069 $242,244
2019 $41,545 $361,784 $116,069 $245,715
2018 $39,547 $348,643 $116,069 $232,574
2017 $37,428 $340,680 $116,069 $224,611
2016 $35,751 $309,480 $116,069 $193,411
2015 $17,185 $286,453 $116,069 $170,384
2014 $17,185 $269,400 $116,069 $153,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10892334

Real Estate Board of New York (REBNY)

APN: 1294-1051