$5,325,000 - $7,952,719
RENTED DEC 20, 2024
4 Beds
5.5 Baths
4,161 Sq Ft
0.32 Acres

Highlights

  • 14,058 Sq Ft lot
  • 2-minute walk to 59 Street (4,5,6 Line)
  • Home Gym
  • 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

Luxuriously appointed on Park Avenue between 59th and 60th Streets, Penthouse PH28 offers a one-of-a-kind opportunity to live above it all. This extraordinary penthouse in the sky redefines sophisticated living, elegance, and comfort. Comprising the entire floor, the home’s four bedrooms and five-and-a-half bathrooms are thoughtfully laid out amongst 4,161 square feet and breathtaking 360-degree views.

Upon entry via your private elevator landing, one is welcomed onto the elegant foyer which flows effortlessly into the expansive 50-foot living and dining areas, perfect for entertaining. Radiant southern, northern, eastern, and western light pours through the home, creating a warm sense of embrace.

A chef's dream, the south-facing kitchen is equipped with top-tier appliances, custom cabinetry, and Carrera marble throughout. The kitchen also features a custom banquette, which serves as a centerpiece for gatherings.

The spacious primary suite is nestled in its private quarters, framed by three exposures offering serene park and city views. The primary suite features two lavish en-suite bathrooms with Waterworks fixtures, a deep soaking tub, and a rainfall steam shower. An abundance of custom closets complete the space. Additional bedrooms enjoy bright light, generous closets, and en-suite bathrooms.

Formerly the prestigious Hotel Delmonico, 502 Park Avenue offers the highest standard of luxury living in one of the most recognized buildings on Park Avenue. Unparalleled amenities include a 24-hour doorman, concierge, and a state-of-the-art fitness center. Residents also may enjoy housekeeping and daily laundry services. 502 Park Avenue is moments away from Central Park and the Upper East Side’s finest shopping, restaurants, and landmarks.

Sorry, pets are not permitted.

Last Agent to Rent the Property

Emily Beare

CORE Group Marketing LLC License #10301202451 Listed on: 09/09/2024

CORE Group Marketing LLC

Co-Listed By

Beth Doud

CORE Group Marketing LLC License #10401322042

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $117,695

Year Built

  • Built in 1929

Lot Details

  • 0.32

Home Design

  • Pre War Building

Interior Spaces

  • 4,161 Sq Ft Home
  • Storage
  • Home Gym

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Community Details

  • 122 Units
  • High-Rise Condominium
  • Trump Park Avenue Condos
  • Lenox Hill Subdivision
  • 32-Story Property

Listing and Financial Details

  • Property Available on 9/15/24
  • Legal Lot and Block 7502 / 01374

Condo Details

Home Type

Condominium

Est. Annual Taxes

$117,695

Year Built

Built in 1929

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: None
  • Available Date: 2024-09-15

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Lenox Hill
  • Architectural Style: Prewar
  • Structure Type: High Rise
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 32

Interior Features

  • Interior Features: Elevator, Storage
  • Appliances: Dryer, Washer/Dryer Stacked, Washer
  • Fireplace: No
  • Living Area: 4161.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10
  • Dining Room Type: Gym

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common On Floor, In Unit

Condo/Co-op/Association

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

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 14058.0
  • Lot Size Dimensions: 100.42 x 140.0

Building Info

  • New Construction: No
  • Building Name: Trump Park Avenue
  • Units: 122
  • Total Stories: 32
  • Year Built: 1929

Tax Info

  • Tax Block: 01374
  • Tax Lot: 7502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2017
Sold by
Trump Park Avenue Llc
Bought by
Chen Xiao Yan
Current Estimated Value
$6,295,240

Purchase Details

Closed on
Dec 31, 2016
Sold by
Trump Donald J
Bought by
The Donald J Trump Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Chen Xiao Yan $15,893,500 --
The Donald J Trump Revocable Trust -- --
The Donald J Trump Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Xiao Yan $9,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Rented $40,000 -7.0% --
12/04/2024 12/04/24 Under Contract -- -- --
09/09/2024 09/09/24 For Rent $43,000 -- --
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 $117,695 $952,544 $218,847 $733,697
2024 $117,695 $941,406 $218,847 $722,559
2023 $112,696 $918,695 $218,847 $699,848
2022 $89,642 $921,738 $218,847 $702,891
2021 $106,788 $907,959 $218,847 $689,112
2020 $107,339 $977,915 $218,847 $759,068
2019 $84,399 $860,706 $218,847 $641,859
2018 $100,372 $841,644 $218,847 $622,797
2017 $96,073 $833,979 $218,847 $615,132
2016 $93,340 $788,607 $218,847 $569,760
2015 $43,681 $764,261 $218,847 $545,414
2014 $43,681 $717,258 $218,847 $498,411
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11007883

Real Estate Board of New York (REBNY)

APN: 1374-1259