NOT LISTED FOR SALE

Estimated Value: $4,429,000 - $8,593,000

3 Beds
3.5 Baths
2,950 Sq Ft
2006 Built

Highlights

  • River View
  • 4-minute walk to 5 Avenue-53 Street
  • No HOA
  • P.S. 59 Beekman Hill International Rated A
  • Terrace
  • Central Air

About This Home

As of September 2024

Perched high above on the 44th floor of Park Avenue Place Condominium, this palatial duplex penthouse epitomizes elegance and sophistication. Be captivated by the double-height living room, boasting soaring 23 foot ceilings and adorned with exquisite Murano glass chandeliers from La Murrina. Revel in the dramatic views and the abundant light streaming through every floor-to-ceiling window. The expansive 53-foot terrace, accessible from both the living room and kitchen, offers stunning 360-degree vistas of the East and Hudson Rivers, Central Park, the 59th Street Bridge, the Empire State Building, and the iconic architecture of Midtown Manhattan.

The gourmet eat-in kitchen is a chef's dream, featuring sleek white lacquer cabinetry, absolute black granite countertops and floors, Dornbracht fixtures, Sub-Zero refrigerators, Miele appliances, a built-in Miele coffee system, and a wine cooler.

Ascend to the second floor to discover the spacious primary bedroom, with its extra tall ceilings and ensuite double-sink bathroom with oversized windows. Secondary bedrooms each boast their own ensuite bath, complete with under-mounted sinks, absolute black granite countertops, white lacquer vanities, glass-enclosed showers, and towel warmers.

Additional features of this residence include a private elevator landing, Brazilian cherry hardwood floors, fully automated shades throughout, recessed speakers, a Sonos sound system, and customized closet built-ins. Experience urban luxury living at its finest with a 24-hour attended lobby, doorman, concierge, porter, and resident superintendent. Private storage lockers are available at an additional cost.

Perfectly situated between Madison Avenue and Park Avenue, this penthouse provides the quintessential New York experience, with the city's finest shopping, dining, and social life at your doorstep.

Last Agent to Rent the Property

Honda Jayathialke

Douglas Elliman Real Estate License #10401295748 Listed on: 07/02/2024

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $117,916

Year Built

  • Built in 2006

Property Views

  • River

Home Design

  • 2,950 Sq Ft Home
  • Entry on the 45th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Washer Dryer Allowed
  • Terrace
  • Central Air

Listing and Financial Details

  • Property Available on 6/28/24
  • Tax Block 01290

Community Details

Overview

  • No Home Owners Association
  • 76 Units
  • High-Rise Condominium
  • Park Avenue Place Condos
  • Midtown East Subdivision
  • Property has 2 Levels

Amenities

  • Community Storage Space

Condo Details

Home Type

Condominium

Est. Annual Taxes

$117,916

Year Built

Built in 2006

Lot Details

0

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2024-06-28

Listing Details

  • Exposures: East,North,South
  • Property SubType: Duplex
  • Property Type: Residential Lease
  • Neighborhood: Midtown East
  • Entry Level: 45
  • Unit Levels: Two
  • Structure Type: High Rise
  • Pets No Pets Comments: Case by case,
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39

Interior Features

  • Interior Features: Dining Area, Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 2950.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City, River
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Elevator(s), Storage
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: PARK AVENUE PLACE
  • Units: 76
  • Total Stories: 39
  • Year Built: 2006

Tax Info

  • Tax Block: 01290
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2008
Sold by
Rfd 55Th Street Llc
Bought by
Younes Rudolph Riad
Current Estimated Value
$6,915,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Outstanding Balance
$3,739,912
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,175,619
Source: Public Records

Range of Values:

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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
Younes Rudolph Riad $8,500,000 --
Younes Rudolph Riad $8,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younes Rudolph Riad $6,000,000
Closed Younes Rudolph Riad $6,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2024 09/17/24 Rented $20,000 -13.0% --
08/16/2024 08/16/24 Under Contract -- -- --
07/02/2024 07/02/24 For Rent $23,000 -34.3% --
03/10/2014 03/10/14 Rented -- -- --
02/08/2014 02/08/14 Under Contract -- -- --
10/31/2013 10/31/13 For Rent $35,000 -- --
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 $117,916 $938,609 $262,065 $676,544
2024 $117,916 $943,178 $262,065 $681,113
2023 $112,178 $914,470 $262,065 $652,405
2022 $116,559 $952,672 $262,065 $690,607
2021 $108,426 $883,887 $262,065 $621,822
2020 $112,165 $998,547 $262,065 $736,482
2019 $105,948 $969,720 $262,065 $707,655
2018 $98,725 $977,744 $262,065 $715,679
2017 $93,109 $913,633 $262,065 $651,568
2016 $88,829 $820,749 $262,065 $558,684
2015 $32,091 $739,509 $262,065 $477,444
2014 $32,091 $677,531 $262,065 $415,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10982169

Real Estate Board of New York (REBNY)

APN: 1290-1178