502 Park Avenue, #PH27, New York (Upper East Side), NY, 10022 | $9,995,000

Immaculate Park Avenue Penthouse with 360-degree landmark views. A private elevator entrance leads directly into this graciously proportioned full-floor penthouse, located in Park Avenue's premiere pre-war condominium. Spanning 4, 205 Square Feet, PH27 boasts four bedrooms, five and a half baths, and open views in all directions.

A formal entrance gallery leads to the 45-foot wide living room with a fireplace, adjoining wet bar and formal dining room, and three exposures overlooking the full expanse of Park Avenue. Adjacent to the dining room is a top-of-the-line windowed chef's kitchen and separate windowed breakfast nook with a custom built-in banquette.

The primary suite occupies an entire private wing of this penthouse, including a graciously proportioned bedroom featuring a fireplace and three exposures with stunning Central Park and Park Avenue views, two windowed baths, and 7 closets including two walk-ins. Three additional graciously proportioned bedrooms with en-suite baths are tucked away in their own separate wing of the apartment.

Every detail is impeccably curated with top-of-the-line finishes throughout such as solid oak herringbone floors, striking coffered ceilings with recessed lighting, custom moldings, handcrafted Italian brass doorknobs, Fior de Pesco marble baths with bowed white wood cabinetry and Watermark chrome-nickel fixtures. . Additional special features include extensive custom closets, a windowed powder room, a large laundry room with a washer/dryer, multi-zone central air, motorized shades, and Savant smart home system throughout.

502 Park Avenue is the Upper East Side's preeminent white-glove condominium. The 32-story building, designed by Goldner and Goldner in 1929 and originally named the Viceroy Hotel, later became the famed Hotel Delmonico. The hotel played host to bold-faced names including Bob Dylan and The Beatles, and long-term residents included Lucille Ball and Ed Sullivan. White-glove hotel-style services and amenities include 24-hour doorman and concierge, attentive full-time maintenance and security staff, housekeeping laundry services, live-in resident manager, and state-of-the-art fitness center. Special assessment of $2, 317 per month through October 2025.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 32
  • Amenities: Garage; Health Club; Hotel Style Service; Laundry Room; Maid Service; Valet;
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Complex: Trump Park Avenue
  • Year Built: 1929
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Full Service
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU21923254504
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/RPLU21923254504/502parkavenue_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 Brown Harris Stevens Residential Sales 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

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502 Park Avenue, #PH27, New York (Upper East Side), NY, 10022

$9,995,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,996,000 $7,996,000 $7,996,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $45,400 $49,233 $66,400
Total Monthly Payment $45,525 $49,358 $66,525

* 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.