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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,995,000
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 | $7,996,000 | $7,996,000 | $7,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,775 | $49,233 | $66,400 |
Total Monthly Payment | $44,900 | $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.