$3,000,000
Updated a year 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

$3,000,000
Maintenance$8,044
Price Per SF
$857

Listing Features

  • Abundant Closets
  • Architectural Dtls
  • BuiltIns
  • Corner Apartment
  • Dressing Area
  • Entry Foyer
  • French Doors
  • Galley Kitchen
  • High Ceilings [10.5']
  • Laundry Room
  • Library / Den
  • Private Elevator
  • Recessed Lighting
  • Separate Dining Area
  • Washer / Dryer
  • Oversized Windows
  • Adjoining Pantry
  • Dishwasher
  • Eat-in Kitchen
  • Microwave
  • S Steel Appliances
  • 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

Welcome to Apartment 2W at 550 Park Avenue, a sprawling eight-room residence encompassing approximately 3,500 square feet. Step off a private elevator into an elegant gallery, perfect for showcasing an art collection. The gallery opens into a grand living and dining room that stretches nearly 50 feet, ideal for hosting large gatherings. With 10-foot ceilings and oversized windows that offer tree-top views of the iconic Colony Club, this space exudes timeless sophistication!

The adjacent library and powder room can easily be reimagined as a fourth bedroom. The spacious kitchen, complete with a butler's pantry, is well-equipped to cater to entertaining on a grand scale.

The corner primary bedroom features a dressing area and an en-suite bathroom. The second bedroom also includes an en-suite bathroom, ensuring privacy and comfort. Additionally, a sizable laundry room, located next to the staff room, offers the opportunity to create a third bedroom. The staff room itself includes its own bathroom, adding to the home's versatility.

550 Park Avenue, designed by renowned architect James E.R. Carpenter and built in 1917, is celebrated for its sophisticated elegance and prewar grandeur. The building allows pieds-à-terre, pets, and 50% financing, and trusts are welcome. A 3% flip tax is paid by the purchaser.

Listing History for 550 Park Ave, 2-W

Now
04/22/2025
TOM by Michael Gordon
Corcoran
02/03/2025
$3,000,000 [-$750,000] [20%]
Price Drop by Michael Gordon
Corcoran

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

Contact Agents

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