$15,500,000
Updated 3 years ago
Off Market

550 Park Ave, 17-E

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

9.5 Rooms4 Beds3.5 BathsCo-op

$15,500,000
Maintenance$14,055

Listing Features

  • Abundant Closets
  • BuiltIns
  • Corner Apartment
  • Crown Moldings
  • Dressing Area
  • Galley Kitchen
  • High Ceilings [10.6']
  • Home Office
  • Laundry Room
  • Library / Den
  • Moldings
  • Penthouse/Top Flr
  • Pocket Doors
  • Private Elevator
  • Recessed Lighting
  • Walk-in Closet
  • Washer / Dryer
  • WBFP
  • Wet Bar
  • Oversized Windows
  • Adjoining Pantry
  • Center Island
  • Dishwasher
  • Eat-in Kitchen
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances
  • Service Entrance
  • Walk Thru Kitchen
  • Windowed Kitchen
  • Wine Cooler
  • Double Vanity
  • En Suite Bathroom
  • Marble Bathroom
  • Oversized Bathroom
  • Powder Room
  • Soaking Tub
  • Stall Shower

Outdoor space and views

  • Central Park
  • City Views
  • East River
  • Skyline 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, 17-E

Perched on the top floor of 550 Park Avenue, a pre-war white-glove J.E.R. Carpenter co-operative, this spectacular sun-flooded corner home is a true architectural masterpiece with breathtaking southern, eastern, northern and western vistas of the iconic Manhattan skyline including Central Park and the East River. Expertly redesigned by Hottenroth + Joseph Architects with NFR Consulting and Silver Rail Construction as nine grand rooms from its original twelve, no expense was spared utilizing the best of materials and systems while restoring the elegance of old-world detail. With 90' of frontage on Park Avenue, there are four bedroom suites plus a staff bedroom, three windowed full renovated marble bathrooms, and a powder room. The entertaining spaces include a 38' long corner living room, a 25' long formal dining room, a library, and a windowed eat-in kitchen with an additional serving kitchen. Each room has generous scale, oversized windows, bountiful natural light, and ceilings reaching 10'6". Throughout the residence, there are three wood-burning fireplaces, raised doorways, radiant heat in the full bathrooms, custom moldings and millwork, Waterworks fixtures, and Von Morris hardware. All mechanical elements of this sophisticated home have been fully modernized including multi-zone central air conditioning with humidification, a Lutron lighting system, and a Sonos music system.

From an elegant private elevator landing clad in antique mirror, an impressive entrance gallery with an oversized coat closet and a powder room set the stage for this magnificent home. Two stunning doorways distinguish the public spaces to the north from the private quarters to the south. In the northeast corner is the palatial living room with picturesque views and the first wood-burning fireplace. Adjacent is the regal formal dining room. Both rooms have expansive views and sunlight overlooking the unobstructed Upper East Side Historic District skyline. The chef's windowed eat-in kitchen has been meticulously renovated with custom Boffi cabinetry and honed black cosmic granite countertops and backsplashes. It is equipped with a Subzero refrigerator and freezer, and Gaggenau appliances including two ovens, a five-burner range, a steam cooker, a microwave, two warming drawers, and a dishwasher. The large eat-in area has a center island with seating as well as a separate dining area. Through Metalform Studio blackened steel doors is a fully-equipped serving kitchen with a Subzero refrigerator/freezer and icemaker, two full-height Gaggenau wine refrigerators, a Gaggenau dishwasher, and endless amounts of storage. Also off the kitchen is a laundry area with a Miele washer/dryer and a sink.

The grand primary bedroom suite overlooks Park Avenue and is adjacent to the handsome library; between the two rooms is a double-sided wood-burning fireplace. There is a lavish dressing room that is 14' by 7' as well as an additional dressing area with three more closets. The luxurious en-suite bathroom is beautifully clad in Keystone Aurora and Plumeria marble with two sinks, an oversized shower, and a separate floating bathtub. The second bedroom occupies a corner, enjoying east and south exposures. The southwest bedroom features the third wood burning fireplace as well as views of Central Park. The two bedrooms share a windowed oversized bathroom, finished with Keystone Aurora and Arabescato marble. The fourth bedroom has five closets. There is also a staff bedroom or home office and a windowed hallway bathroom finished in Comet and Bardiglio Dark marble. A large basement storage bin conveys with the apartment.

Completed in 1917, 550 Park Avenue is a premier prewar co-operative which houses thirty-six homes. Pied-a-terres and pets are allowed. 50% financing is now permitted and there is a 3% flip tax paid by the purchaser.

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

Contact Agents

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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: 65080