$2,800,000
SOLD NOV 21, 2024
2 Beds
2 Baths
1,543 Sq Ft
$2,833/mo HOA Fee

Recently Sold

$1,815 Per Sq Ft

5% Below List Price

Highlights

  • Concierge
  • 2-minute walk to 59 Street (4,5,6 Line)
  • Cooling System Mounted In Outer Wall Opening
  • East Side Elementary School, P.S. 267 Rated A
  • City View
  • 3-minute walk to Grand Army Plaza

About This Home

As of November 2024

ONE OF THE BEST CONDO VALUE IN NYC and located on PARK AVENUE at 60th STREET!



Elegant design and luxurious comfort are exquisitely embodied in this Park Avenue split Two Bedroom, Two Bathroom Corner Residence. Spanning a generous 1543 square feet, Residence 6D boasts Park Avenue views, an expansive living and dining room, a windowed, gourmet eat-in kitchen with stainless steel appliances, stunning marble baths, spacious bedrooms, and abundant walk-in closets. This unit is in mint condition with charming beamed ceilings and moldings, herringbone wood floors with base and crown moldings with all rooms.



The Living Room has three expansive windows that brings glorious natural southern sunlight inside and also faces east to Park Avenue.Live in the most prestigious and convenient location in NYC at the coveted address of 502 Park Avenue designed by Costas Kondylis . A stunning Prewar Condominium with white glove service and security will be above your expectations. Ideally situated 2 blocks to Central Park,, cultural destinations, Bergdorf Goodman, Bloomingdales, world renowned restaurants, charming bistros and all transportation.



The residents at 502 Park experience an unparalleled level of service and security. The staff is strictly white glove service attending to your every need at any hour. . The 24 hour doorman and 24 hour hotel style concierge are attentive to your every need in a professional manner. There is an engineer to take care of anything that needs attention and assistance as well as a resident manager. Other services include the state of the art fitness center , valet service, daily maid and laundry service is available upon request, valet parking and an uninterrupted manned security center around the clock. This is a wonderful home to live , a pied a terre and an investment. It can be combined with unit 6C to make it a large 4 bedrooms, Rare Opportunity!

Last Listed By

Marcos Cohen

Douglas Elliman Real Estate License #30CO0807913 Listed on: 08/22/2024

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,649

Year Built

  • Built in 1927

HOA Fees

  • $2,833 Monthly HOA Fees

Interior Spaces

  • 1,543 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 1147 / 01374

Community Details

Overview

  • 122 Units
  • High-Rise Condominium
  • 502 Park Avenue Condominium Condos
  • Lenox Hill Subdivision
  • 31-Story Property

Amenities

  • Concierge

Property Details

Home Type

Condominium

Est. Annual Taxes

$30,649

Year Built

Built in 1927

Lot Details

0

HOA Fees

$2,833 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Entry Level: 6
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: Pets are permitted.,Building Pets Allowed Comments:Pets are permitted.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 31

Interior Features

  • Fireplace: No
  • Living Area: 1543.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building In Basement
  • Green Building Features: Concierge
  • Cooling: Wall Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2833.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 502 Park Avenue Condominium
  • Units: 122
  • Total Stories: 31
  • Year Built: 1927

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01374
  • Tax Lot: 1147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Nov 21, 2024
Sold by
Arado Holdings Inc
Bought by
Karl C Saunders Revocable Trust Dtd Aug and Karl C Saunders Trustee Karl C Saunders
Seller's Agent
Marcos Cohen
Douglas Elliman Real Estate
List Price
$2,950,000
Sold Price
$2,800,000
Premium/Discount to List
-$150,000
-5.08%
Total Days on Market
0
Current Estimated Value
$2,606,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$193,848
Avg. Annual Appreciation
-12.66%

Purchase Details

Closed on
Dec 18, 2003
Sold by
Trump Park Avenue Llc
Bought by
Arado Holdings Inc
Source: Public Records

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Range of Values:

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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 $2,800,000 --
Deed $2,647,450 --
Deed $2,647,450 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Sold $2,800,000 -5.1% $1,815 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $2,950,000 -- $1,912 / 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
2024 $30,649 $245,150 $56,988 $188,162
2023 $29,347 $239,237 $56,988 $182,249
2022 $28,295 $240,030 $56,988 $183,042
2021 $27,809 $236,442 $56,988 $179,454
2020 $27,952 $254,660 $56,988 $197,672
2019 $26,861 $224,137 $56,988 $167,149
2018 $26,138 $219,173 $56,988 $162,185
2017 $25,019 $217,177 $56,988 $160,189
2016 $24,308 $205,361 $56,988 $148,373
2015 $17,063 $199,021 $56,988 $142,033
2014 $17,063 $186,784 $56,988 $129,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11003165

Real Estate Board of New York (REBNY)

APN: 1374-1147