Large 13 room prewar co-op residence. This rarely available, exceptional four bedroom plus library exudes prewar architectural details-large rooms, 10+ foot ceilings, and original parquet floors. The private elevator landing opens into the spacious marble floor entrance hall which leads to the large living room with coffered ceilings and a wood-burning fireplace. It also borders the library, bar, powder room, and bedroom hallway. The living room connects with the large formal dining room. Both rooms have over-sized windows with northern exposure and open city views above 62nd street. Adjacent to the library is the spacious corner master bedroom offering great views with north and west exposures of Park Avenue. The large windows provide amazing sunlight. In addition to the master, there are three bedrooms all facing Park Avenue, each with en suite bathrooms. The newly renovated windowed kitchen with high-end appliances adjoins the breakfast room on one side and the traditional Butler's pantry on the other. The back hall leads to the laundry room, office, and maids room with bath. All major rooms have through the wall air conditioning and heating. Closet Space is extremely abundant in the four bedrooms and throughout the apartment.
Designed by George and Edward Blum, 555 Park Ave. is one of the City's most desirable buildings. There is a resident, long time superintendent, 24 hour doorman, a gym, a bike room, and large dedicated storage bin.
Pets are welcome. 50% financing is permitted. The 2% flip tax is paid by the purchaser. There are no summer work rules. Owner/Broker
Manhattan’s Upper East Side extends from 59th St. to 96th St., east of Fifth Avenue and is known as one of the most prestigious neighborhoods in the city. The neighborhood consists of stylishly restored old mansions, luxury high rises, stately townhouses, and several of the best co-ops and condos in Manhattan. This district includes access to some of the finest public schools as well as elite private schools like The Dalton School and The Brearley School. Central Park is a quick westward stroll away. Art lovers will find that they can walk to their favorite museums, namely The Metropolitan, The Guggenheim, The Frick, and The Whitney. They can also visit the famous auction houses of Christie’s and Sotheby’s. Posh boutiques and upscale intimate restaurants enhance the area’s elegance.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more