502 Park Avenue, #PH28, New York (Upper East Side), NY, 10022 | $43,000

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.

Features

  • Type: Condo
  • Town: New York
  • Amenities: Garage; Health Club; Hotel Style Service; Laundry Room; Maid Service; Valet;
  • Rooms: 10
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Laundry: InUnit,OnCommonFloor
  • Year Built: 1929
  • Garage: Yes
  • Cooling: Unknown Type
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Service
  • Doorman: FullTime
  • Lease Type: Non-Stanbilized Lease
  • OLR#: PRCH35208756
  • Days on Market: 13 days
  • Website: https://www.raveis.com
    /prop/PRCH35208756/502parkavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of CORE Group Marketing, LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert.Reade@raveis.com

Our Insurance Division:

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502 Park Avenue, #PH28, New York (Upper East Side), NY, 10022

$43,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $34,400 $34,400 $34,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $209 $209 $272
Total Monthly Payment $284 $284 $347

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.