$1,050,000
SOLD DEC 11, 2024

Trump Park Avenue 502 Park Ave Unit 5H New York, NY 10022

Upper East Side Neighborhood
1 Bed
1 Bath
733 Sq Ft
$1,346/mo HOA Fee

Recently Sold

$1,432 Per Sq Ft

19% Below List Price

78 Days on Market

Highlights

  • City View
  • 2-minute walk to 59 Street (4,5,6 Line)
  • Terrace
  • East Side Elementary School, P.S. 267 Rated A
  • Pre War Building
  • 3-minute walk to Grand Army Plaza

About This Home

As of December 2024

Enjoy truly gracious living in one of New York's most coveted addresses, 502 Park Avenue. Once the home of the famed Hotel Delmonico, 502 was converted into modern luxury condominium apartments with an eye to retaining all the grace and charm of classic pre-war residences of the 1920's. This spacious one bedroom, one bath unit is ideal for the discerning buyer. 5H Features hand inlaid herringbone floors, a chefs kitchen with top of the line appliances, large windows and a walk in closet.

Included with the unit is a Bang & Olufsen installed Surround Sound Home Theater System with a Beo Vision Eclipse-55 hi definition television, sound center, Beo lab Satellite speakers, subwoofer and a programable Lutron RA wireless central lighting control system.

Situated on Park Avenue, one of the most famed strips of real estate in the world and conveniently located at the cusp where midtown meets the Upper East Side. Residents are only 2 blocks from Central Park, minutes from the offices of midtown and moments away from some of New York's finest restaurants, shopping and cultural destinations.

As a resident, you are pampered with unrivaled white glove service from a very attentive staff including 24 hour doormen, and full concierge service along with available housekeeping and Valet services.

Building amenities include a large state of the art fitness center and a live in resident manager.

Last Agent to Sell the Property

Nitza Shafrir

Trump International Realty New York License #30SH0847677 Listed on: 08/21/2024

Co-Listed By

Michael Weiner

Trump International Realty New York License #40WE0872999

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,870

Year Built

  • Built in 1929

HOA Fees

  • $1,346 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building
  • Entry on the 5th floor

Interior Spaces

  • 733 Sq Ft Home
  • Decorative Fireplace
  • New Windows

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 1374

Community Details

Overview

  • High-Rise Condominium
  • Upper East Side Subdivision
  • 32-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,870

Year Built

Built in 1929

Lot Details

0

HOA Fees

$1,346 per month

Listing Details

  • Cross Street: East 59th Street/East 60th Street
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Entry Level: 5
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 32

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 733.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1345.7
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Total Stories: 32
  • Year Built: 1929

Tax Info

  • Tax Block: 1374
  • Tax Lot: 7502
  • Tax Annual: 6870.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Dec 11, 2024
Sold by
Atlas Exchange 344 Llc
Bought by
Braverman David and Braverman Mikhail
Seller's Agent
Nitza Shafrir
Trump International Realty New York
List Price
$1,299,900
Sold Price
$1,050,000
Premium/Discount to List
-$249,900
-19.22%
Views
30
Current Estimated Value
$1,040,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,789
Avg. Annual Appreciation
-3.39%

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 7, 2024
Sold by
Karl C Saunders Trustee and The Karl C Saunders Revocable Trust
Bought by
Atlas Exchange 344 Llc
Seller's Agent
Nitza Shafrir
Trump International Realty New York
List Price
$1,299,900
Sold Price
$1,050,000
Premium/Discount to List
-$249,900
-19.22%
Views
30

Purchase Details

Closed on
Aug 23, 2004
Sold by
Trump Park Avenue Llc
Bought by
Karl C Saunders Trustee Of The Karl C and Revocable Trust Dated August 3 1995
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,050,000 --
Deed -- --
Deed $855,330 --
Deed $855,330 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $1,050,000 -19.2% $1,432 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $1,299,900 -- $1,773 / 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 $8,070 $65,313 $15,005 $50,308
2024 $8,070 $64,550 $15,005 $49,545
2023 $7,727 $62,992 $15,005 $47,987
2022 $7,431 $63,202 $15,005 $48,197
2021 $7,322 $62,258 $15,005 $47,253
2020 $7,344 $67,055 $15,005 $52,050
2019 $7,015 $59,017 $15,005 $44,012
2018 $6,883 $57,710 $15,005 $42,705
2017 $6,588 $57,185 $15,005 $42,180
2016 $6,401 $54,073 $15,004 $39,069
2015 $3,707 $52,404 $15,005 $37,399
2014 $3,707 $49,183 $15,005 $34,178
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nitza Shafrir

    Trump International Realty New York

    (917) 400-5044

    1 in this area

    15 Total Sales

    Nitza Shafrir
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Michael Weiner

    Trump International Realty New York

    1 in this area

    10 Total Sales

    Michael Weiner
    Section Image
See All Agents

About Trump Park Avenue

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11003080

Real Estate Board of New York (REBNY)

APN: 1374-1142

New York New York County New York 10022 Upper East Side

502 Park Ave Unit 5H, New York, NY

This home is located at 502 Park Ave Unit 5H, New York, NY 10022 and is currently priced at $1,050,000, approximately $1,432 per square foot. This property was built in 1929. 502 Park Ave Unit 5H is a home located in New York County with nearby schools including East Side Elementary School, P.S. 267, Robert F Wagner Middle School, and Clinton School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) 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.

RLS Data display by Homes.com LLC

Nearby Homes