NOT LISTED FOR SALE

Estimated Value: $3,834,000 - $9,667,720

5 Beds
5 Baths
4,653 Sq Ft
$7,269/mo HOA Fee

Last Sold January 08, 2019

Last sale price $10,900,000 $2,343 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $46,736/month

404 Days on Market

Highlights

  • City View
  • 2-minute walk to 59 Street (4,5,6 Line)
  • Central Air
  • East Side Elementary School, P.S. 267 Rated A
  • Eat-In Kitchen
  • 3-minute walk to Grand Army Plaza

About This Home

As of January 2019

500 Park Avenue, a premier condominium, is located at the enviable intersection of the Upper East Side and Midtown Manhattan. Offered for sale (the first resale of the apartment), this condominium defines the luxury experience. The apartment , occupies the entire 37th floor-4,653 sq. ft. (432 sq. m) ensuring the ultimate in private living. James Stewart Polshek, who designed the Rose Center for Earth and Space at the Museum of Natural History, the iconic glass sphere within a cube, was the architect who created this extraordinary apartment. With 360 degree panoramic views of the iconic Manhattan skyline and Central Park, every room, including the kitchen, has the most sought after views of New York. With five bedrooms + library and five baths, this stunning, full floor condominium offers the perfect combination of astonishing space and value. Importantly, this is flexible space that allows for changes to suit your specific needs. Please see the current floor plan and a suggested alternate floor plan.Your private elevator vestibule leads to an elegant and grand entry foyer. This brings you to the spacious (662 sq. ft. or 61 sq. m) living room with expansive windows with three magnificent exposures. With a wood burning fireplace, the paneled library invites you to relish the quiet moments for conversation, or to escape with your favorite author. The large (477 sq. ft./ 44 sq. m.) corner dining room has the space for large dinners or more intimate entertaining overlooking Central Park. For informal dining, the large eat-in kitchen is a great place to grab a bite and overlook Central Park! The Master Suite (378 sq. ft./ 35 sq. m.) defines what one's personal space should encompass. Boasting Central Park Views, ample closet space, a dressing room and gorgeous light throughout the day, this is the ideal private enclave. Last but not least, there are four spacious secondary bedrooms each with private bath and panoramic views. 500 Park Avenue puts you in the ultimate chic locale. Seconds from your door is the best of Manhattan shopping, including Barneys, Bergdorf Goodman, and all of Madison and Fifth Avenue shops. For dining, at 500 Park you are surrounded by the citys most renowned restaurants, including The Grill, Bilboquet, La Goulue, Ralph Laurens Polo Bar, Nello, Freds at Barneys and others.

Last Agent to Sell the Property

Meredith Verona

Corcoran Group License #10401250786 Listed on: 10/30/2017

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $70,398

Year Built

  • Built in 1982

HOA Fees

  • $7,269 Monthly HOA Fees

Interior Spaces

  • 4,653 Sq Ft Home
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 1294

Community Details

Overview

  • 50 Units
  • Park Tower Cond Condos
  • Midtown East Subdivision
  • 40-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$70,398

Year Built

Built in 1982

Lot Details

0

HOA Fees

$7,269 per month

Listing Details

  • Cross Street: East 58th Street & East 59th Street
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 40

Interior Features

  • Interior Features: Separate/Formal Dining Room, Eat-in Kitchen
  • Living Area: 4653.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 7269.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 125.0 x 100.0

Building Info

  • New Construction: No
  • Building Name: PARK TOWER COND
  • Units: 50
  • Total Stories: 40
  • Year Built: 1982

Tax Info

  • Tax Block: 1294
  • Tax Annual: 70398.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2017
Closed on
Jan 9, 2019
Sold by
Silverstein Klara
Bought by
500 Park 37 Llc
Seller's Agent
Meredith Verona
Corcoran Group
List Price
$13,900,000
Sold Price
$10,900,000
Premium/Discount to List
-$3,000,000
-21.58%
Current Estimated Value
$5,902,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,997,093
Avg. Annual Appreciation
-8.51%
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
500 Park 37 Llc $9,300,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2019 01/08/19 Sold $10,900,000 -21.6% $2,343 / Sq Ft
12/09/2018 12/09/18 Pending -- -- --
10/30/2017 10/30/17 For Sale $13,900,000 -- $2,987 / Sq Ft
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 $100,634 $829,425 $268,724 $560,701
2024 $100,634 $804,941 $268,724 $536,217
2023 $98,943 $806,575 $268,724 $537,851
2022 $98,371 $805,230 $268,724 $536,506
2021 $90,835 $740,480 $268,724 $471,756
2020 $81,028 $829,576 $268,724 $560,852
2019 $79,353 $837,614 $268,724 $568,890
2018 $91,560 $807,189 $268,724 $538,465
2017 $86,655 $788,754 $268,725 $520,029
2016 $82,771 $716,519 $268,724 $447,795
2015 $32,705 $663,205 $268,724 $394,481
2014 $32,705 $623,727 $268,724 $355,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10421787

Real Estate Board of New York (REBNY)

APN: 1294-1056