Experience unparalleled luxury in this magnificent 17-room Penthouse tower residence, spanning over 9, 000 ft² and occupying the entire 39th and 40th floors of a premier white-glove Condominium at Park Avenue and 59th Street. A renowned architect custom designed this extraordinary home that is complemented by a large stunning entertaining terrace and offers breathtaking, unobstructed panoramic views of the Manhattan skyline and Central Park. Lower Level: The elevator opens to an elegant Foyer on the 39th floor, with a Circular Gallery connecting to an enfilade of grand public rooms. Each of the 70 oversized picture windows showcase open city and park views. The distinguished library, adorned with custom paneling, features a working fireplace and multiple French doors that open to a luxurious 24’ x 27’ 9’’ irrigated and planted entertaining terrace, designed by renowned landscape architect Ken Smith. Nearby, a stunning Powder Room designed by Thomas Hucker adds a touch of artistry. The entertainment rooms include a corner Living Room, a Study with a wood-burning fireplace, and an impressive corner Formal Dining Room with dramatic Central Park views, comfortably seating 18 guests. A Pantry with abundant storage for grand entertaining leads to the massive, double-sized custom-designed eat-in St. Charles kitchen, equipped with three sinks, granite counter tops, Bendheim glass cabinets, and top-of-the-line appliances, including La Cornue and Wolf ovens, two Sub-Zero refrigerators and two Miele dishwashers. The Kitchen opens to a large casual Breakfast Room for informal dining and a Media Room. This level also includes a Laundry Room, an additional Powder Room, and a private Bedroom with an en-suite Bath. Upper Level: The 40th floor, accessed via a custom-designed dramatic architecturally significant staircase, leads to the mezzanine hosting the private living quarters. The luxurious corner Primary Suite, situated in its own private wing, features a stunning northeast-facing Bedroom with two en-suite split Dressing rooms and Baths. The east-facing spa Bath includes heated floors, a giant soaking tub, a separate shower, and a large Dressing Room with a walk-in closet. The north side of the Primary Suite boasts a double Dressing Room and a second Primary Bathroom with a soaking tub and heated floors, offering complete privacy. The two additional wings feature four Bedrooms, two of which are corner Bedrooms with working fireplaces, a Sitting Room/5th Bedroom, two full Baths with tubs, a Wet Bar, a Home Office, and an additional Laundry Room. This home is ideal for opulent entertaining and luxurious living. Additional features include: central air conditioning and electric shades and generous storage throughout. Designed by James Polshek, 500 Park Tower condominium offers the finest amenities, including full-time doormen, concierge services, and private storage. Residents enjoy living in one of Manhattan’s most sought-after neighborhoods, close to the best shopping, fine dining, and a short distance to Central Park. Current monthly assessment through 6/25 $1, 822. 14. NO WEEKEND SHOWINGS M-F 9am-5pm
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Our Executive Mortgage Banker:
Our Insurance Division:
$19,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $15,600,000 | $15,600,000 | $15,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $92,280 | $98,603 | $131,642 |
Total Monthly Payment | $92,405 | $98,728 | $131,767 |
* 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.