This elegant and spacious two-bedroom, two-bathroom corner residence at 502 Park Avenue offers the ultimate in luxurious living. Spanning 1, 543 square feet, this home features views of Park Avenue and abundant natural light from its southern and eastern exposures. The expansive living and dining areas are adorned with herringbone wood floors, beamed ceilings, and base and crown moldings, creating a timeless yet sophisticated aesthetic.
The windowed, gourmet eat-in kitchen is equipped with stainless steel appliances and is spacious enough for any culinary enthusiast. Both bedrooms are generously sized with ample walk-in closet space, providing comfort and convenience. The primary bedroom boasts an ensuite bathroom.
Located in one of Manhattan's most well-known addresses, this prewar condominium was designed by the renowned architect Costas Kondylis. A short distance from Central Park, the city's top cultural landmarks, world-class shopping at Bergdorf Goodman and Bloomingdale's, and iconic restaurants, this location is second to none.
Residents of 502 Park Avenue enjoy white-glove service, with a 24-hour doorman, hotel-style concierge, and on-site resident manager. Additional amenities include a state-of-the-art fitness center, valet services, daily maid and laundry service upon request, and a manned security center operating 24/7. Whether you're looking for a permanent home, a pied-a-terre, or an investment property, this residence offers unparalleled convenience, luxury, and service in the heart of Manhattan.
Assessment of $858. 21 for Local Law 11 through November 2025.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,600,000 | $2,600,000 | $2,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,763 | $16,221 | $21,765 |
Total Monthly Payment | $14,888 | $16,346 | $21,890 |
* 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.