520 Park Avenue, #PH59, New York (Upper East Side), NY, 10065 | $40,000,000

Uncompromising quality and serene vistas of Central Park and the Manhattan skyline abound in this full floor 4, 322 square foot penthouse at Robert A. M. Stern’s lauded 520 Park Avenue. Meticulously renovated and conceptualized by the current owners, this 59th floor residence has been transformed into an exceptionally grand pied-a-terre using the finest of materials.   Enter via a private key-locked elevator landing into the grand entry gallery, elegantly finished with marble slab flooring and trim, custom moldings, and framed with custom metal and glass pocket doors. Three grand entertaining rooms – a formal dining room, formal living room, and study/sitting room – all flow together beautifully, wrapping the northeast corner of the apartment and allow for large-scale gatherings as well as more intimate moments. These spaces are custom designed with details including intricate moldings and built-in millwork, white oak herringbone flooring, and stunning northern views of Central Park and eastern exposures to the river through oversized windows. The windowed eat-in kitchen, custom-designed with hand-painted Christopher Peacock cabinetry, offers an expansive central island, Covelano Oro marble countertops, and a full appliance package including Wolf, Sub-Zero, and Miele appliances.   Encompassing the southeast corner of the residence, the home’s primary suite has been crafted for the ultimate in privacy and convenience. A south-facing primary bedroom with views of the Empire State Building, two primary bathrooms finished in Caldia Classico and Arabescato marble, and two walk-in closets make for an enviable retreat. A private en-suite guest bedroom facing south, powder room finished in white onyx, and separate laundry facilities complete this rare offering. Currently configured as a generous two-bedroom with multiple entertaining rooms, it is easily convertible back to a three-bedroom home with three en-suite baths as indicated in the alternate floor plan. A private storage unit and wine cellar both transfer with this unit.   Designed by the renowned architect Robert A. M. Stern and developed by Zeckendorf Development, 520 Park Avenue is an ultra-luxury limestone-clad skyscraper that defines modern opulence on Manhattan’s Upper East Side. This exclusive boutique tower features only 35 full-floor and multi-floor residences, each offering access to over 15, 000 square feet of world-class amenities - headlined by a vaulted double-height indoor swimming pool bathed in natural light from a landscaped garden above. Additional features include a bi-level state-of-the-art fitness center, a private screening room, a walnut-paneled salon, and more. Every detail, from the grand bronze entry doors to the hand-carved stone latticework, is crafted to evoke the timeless elegance of New York's historic 1920s apartment houses while providing the absolute height of 21st-century comfort.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 54
  • Amenities: Garden; Fitness Room; Pool; Sauna; Steam Room; Nursery; Lounge; Private Storage For Fee;
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: CommonArea
  • Year Built: 2017
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Building Access : Keyed Elevator
  • Service Level: Full Service
  • Concierge: Yes
  • Doorman: FullTime
  • OLR#: RLS20068387
  • Days on Market: 196 days
  • Website: https://www.raveis.com
    /prop/RLS20068387/520parkavenue_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 Compass

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

520 Park Avenue, #PH59, New York (Upper East Side), NY, 10065

$40,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $32,000,000 $32,000,000 $32,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $179,191 $194,435 $267,878
Total Monthly Payment $179,316 $194,560 $268,003

* 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.