2 months on rocket

550 Park Ave Unit 16Ae, New York City, NY, 10065

$2,325,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,225 SqFt
$1,898/SqFt
Condo
Schools Nearby

Location

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550 Park Ave Unit 16Ae, New York$2,325,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
Year Built1916
ViewCity
MLS #PRCH-7856973
StatusActive

About 550 Park Ave Unit 16Ae

This 5-room residence is ideally situated on the 16th floor, with sunny open views, including an oblique view of Central Park from the master bedroom. With charmingly scaled rooms, nearly 10-foot ceilings, and well-designed division between public and private space, this two bedroom, two bathroom apartment is a perfect home or part-time residence and a rare opportunity to live in one of New York’s most distinguished cooperatives. Trusts and pied-a terres are allowed, 50% financing permitted, pets are welcome, and the apartment comes with a large storage room in the basement. 550 Park Avenue was designed in 1917 by the city’s foremost architect of luxury residential buildings, J.E.R Carpenter, and has long been prized for its sophisticated elegance and grandeur. Located two blocks from Central Park, it sits amidst the city’s premier restaurants, shops and museums, and offers the perfect New York address.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 1,225 SqFt

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Olivia Hoge
  • Agent Phone: (212) 606-7738

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Flooring Type: Hardwood
  • Interior: Elevator, Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City

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Price Information

Listing Price Info

Price Summary:

  • List Price: $2,325,000
  • Price Per SqFt: $1,898/SqFt

HOA Fees:

  • Amount: $5149
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

550 Park Ave Unit 16Ae vs New York

61 DAYS ON ROCKET

-35 Days

$2,325,000

+$1.4M More

$1,898/SqFt

+$1.2K More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $1.2K/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-7856973

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Olivia Hoge
  • Agent Phone: (212) 606-7738

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/21/2024, 8:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$16.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,037

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4925295
10
/10

  • East Side Elementray School-PS 267

  • 213 E 63rd St

  • 0.28 miles

  • Public District Grades PK-3

school-card-donut-4925296
9
/10

  • PS 183 Robert L Stevenson

  • 419 E 66th St

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-4925297
9
/10

  • PS 59 Beekman Hill International

  • 231249 East 56th St

  • 0.67 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $103,409. Typical income of New York, NY residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 Park Ave Unit 16Ae

What is the listing price of this property?

The listing price of 550 Park Ave Unit 16Ae property is $2,325,000.

What type of property is this?

The property 550 Park Ave Unit 16Ae is a condo located in New York City, New York, 10065.

Is this property for sale now?

Active Listing: 550 Park Ave Unit 16Ae is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 550 Park Ave Unit 16Ae has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 550 Park Ave Unit 16Ae is 1,225 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 550 Park Ave Unit 16Ae is 1916.

Rocket Homes›New York›New York›10065›550 Park Ave Unit 16Ae

This home is located at 550 Park Ave Unit 16Ae in New York City, NY and zip code 10065 in the Upper East Side neighborhood. This 1,225 square foot home was built in 1916. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $2,325,000.

Over 168 listings were sold over their listed price in April 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 758 listings were sold for the listed price. The inventory of homes for sale in New York, NY between March 2024 and April 2024 increased by 3.8%. Listings spent 96 days on the market in April 2024, and had a median list price of $849,191 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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