$5,500,000
Updated 6 years ago
Off Market

550 Park Ave, 2-W

Upper East Side, Manhattan | East 61st Street & East 62nd Street

8 Rooms3 Beds3.5 Baths3,500 Square FeetCo-op

$5,500,000
Maintenance$6,667
Price Per SF
$1,571

Listing Features

  • Abundant Closets
  • Corner Apartment
  • Dressing Area
  • Galley Kitchen
  • High Ceilings [10']
  • Laundry Room
  • Library / Den
  • Private Elevator
  • Recessed Lighting
  • Separate Dining Area
  • W/D Hookups
  • Oversized Windows
  • Adjoining Pantry
  • Dishwasher
  • Eat-in Kitchen
  • Microwave
  • Service Entrance
  • Walk Thru Kitchen
  • Windowed Kitchen
  • En Suite Bathroom
  • Powder Room

Outdoor space and views

  • Treeline Views
  • East Exposure
  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full-Time Doorman
  • Elevator
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 550 Park Ave, 2-W

Enjoy downtown living on Park Avenue in this ten into eight room residence in one of the Upper East Side's most prestigious and sought-after cooperatives. Ideally located on the corner of 62nd Street and Park Avenue, Residence 2W epitomizes elegance and sophistication. Encompassing approximately 3,500 square feet, this extraordinary home is the spectacular result of a thoughtful and masterful design by noted architect, Cleo Nichols, who also designed gallery spaces for the Metropolitan Museum of Art and Asia House. His attention to detail and artful eye is evidenced throughout the home with an unmistakable emphasis on surface and textual elements as well tone and shape. Perfect for an art collector, this loft-like space lends itself to showcase paintings and sculpture to maximum advantage. With soaring ten foot-plus ceiling heights and oversized windows with treetop views overlooking the historic Colony Club, the expansive and flexible layout is perfect for large scale entertaining as well as intimate gatherings. A private elevator landing opens to a grand entrance Gallery from which all the entertaining rooms radiate. The impressive Living and Dining area span a nearly 50-foot expanse and features a wood burning fireplace. The adjacent Library could easily serve as a third bedroom. The industrial-size Kitchen with Butler's Pantry is large and can handle entertaining large groups. A corner Master Bedroom Suite with large custom dressing room is the result of combining two separate bedrooms. The second Bedroom, currently used as an office, has its own bathroom as does the large Staff Room. There is sizable Laundry Room as well. In addition, two staff rooms on the 18th floor have been combined to create the only Private Gym in the building which can convey with the apartment for an additional monthly fee of $1,500. A large private Storage Bin is also included. 550 Park Avenue was built in 1917 and designed by one of Manhattan's most famous architects of prewar luxury residential buildings, James E.R. Carpenter, and has long been prized for its sophisticated elegance and grandeur. Pied a terres and pets allowed. No financing permitted. 3% flip tax paid by purchaser. Work rules: January 3 to November 1. This is a co-exclusive with Stribling at Compass.

Listing History for 550 Park Ave, 2-W

Now
03/11/2020
TOM by Adam D. Modlin
Modlin Group, The
02/13/2020
$5,500,000
Initial Price by Adam D. Modlin
Modlin Group, The

Building Details for 550 Park Ave

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1917
Floors/Apts17/38
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/63 St
0.15 miles
59 St
0.15 miles
Lexington Av/59 St
0.16 miles
5 Av/59 St
0.23 miles
68 St-Hunter College
0.36 miles

Citi Bike

E 61 St & Madison Ave
0.08 miles
5 Ave & E 63 St
0.18 miles

Co-exclusive agents

Co-exclusive agents

Adam Modlin
Modlin Group, The
Jason Katz
Modlin Group, The

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1869747