778 Park Avenue, #8, New York (Upper East Side), NY, 10021 | $25,000,000

Arguably the most extraordinary home in one of Park Avenue's most desirable Rosario Candela-designed Cooperative buildings - 778 Park Avenue - this full-floor, over 6, 350sf simplex boasts exceptional scale, proportions, and flow with nearly 100 feet of frontage on Park Avenue through oversized windows, many of which are unique in that they extend low to the floor with Juliette-style balconies. A private elevator vestibule opens into the grand gallery, over 36 feet in length. Superb marble and fabric-clad walls with intricate passementerie detailing, and centuries-old imported Mahogany doors, make for a beguiling first impression of this home originally designed by Renzo Mongiardino. The elegant 32-foot salon/living room is anchored by a spectacular fireplace with one of several collector-grade imported mantels. French Doors reveal the formal dining room to the north, which could easily accommodate 20 people, a symphony of marquetry wood paneling that defies words, also with a fireplace and corner exposures. The adjacent butler’s pantry with ample storage leads to the chef’s kitchen, beautifully milled with professional-grade appliances. To the south is a charming library with a third fireplace. Next door, accessed via another pair of French doors, is an atelier housing artifacts that once housed an additional bedroom - easily restored - overlooking Park Avenue. The enormous bedroom wing is currently set up to house the Primary Bedroom Suite and two additional bedrooms, but this originally accommodated six bedrooms in total. The Primary Suite is both gracious and spacious: an entry foyer leads to the southwest corner bedroom. A regal wood-panelled bathroom is at one end, while a second marble bathroom is positioned at the other end, separated by vast closets and a dressing room with a make-up area. Forty-two windows fill this home with natural light all day with open views from all four exposures. Gleaming hardwood parquet floors, almost 11-foot ceilings, detailed lighting systems, and beautifully crafted custom moldings feature throughout. The Staff Wing, located off the service hall, includes a windowed laundry room, three staff rooms/home office/gym, and two additional bathrooms. Built in 1931, 778 Park Avenue is a full-service white-glove building, perfectly positioned just one block from the retail delights of Madison Avenue and two blocks to Central Park and Museum Mile, and consists of just 18 homes over 18 floors. The building recently added a large, professionally equipped fitness center with natural daylight and an adjoining make-up/hair room. It has a full-time live-in superintendent, bicycle storage, and is pet-friendly. There is a 3% Flip Tax paid by the purchaser and an assessment of $8, 665/month till the end of 2026.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 20
  • Rooms: 14
  • Bedrooms: 6
  • Baths: 5 full / 1 half
  • Laundry: CommonArea
  • Year Built: 1931
  • Pet Policy: No Pets
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: RLS20089684
  • Days on Market: 21 days
  • Website: https://www.raveis.com
    /prop/RLS20089684/778parkavenue_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

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NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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778 Park Avenue, #8, New York (Upper East Side), NY, 10021

$25,000,000

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 $20,000,000 $20,000,000 $20,000,000
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 $111,994 $121,522 $167,424
Total Monthly Payment $112,119 $121,647 $167,549

* 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.