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Luxury Black Book 1111 Park Avenue 5A - Upper East Side Return to Listings
CONTRACT SIGNED ON 3/24/2022--NEW OFFER: LARGE PARK AVENUE PREWAR 8 ROOMWEBID: #21628651
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OFFERED AT:
  • Asking Price: $3,195,000
  • Maintenance: $5232
  • Financing Allowed: 50% permitted
  • Flip Tax: 1/2% paid by buyer
  • 46-foot expanse over Park Ave
  • Baronial-size rooms
  • 10-foot ceilings
FEATURES:
  • Room Count: 8
  • Bedrooms: 3
  • Bathrooms: 3
  • Condition: Fair
  • 25-foot Living Room
  • Views: Park Ave.
  • Exposures: West, East, North, South
  • Wood burning fireplace
  • Eat-in kitchen
  • Formal Dining Room
  • 2 Staff Rooms
  • Thermopane windows

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This baronial prewar 8-room home offers large-scaled rooms with 3 major rooms spanning 46 feet over Park Avenue. This coveted A-line unit includes 3 bedrooms, 3 bathrooms 2 staff rooms, a vast amount of storage and closet space plus nearly 10-foot high ceilings. A semi–private elevator foyer opens onto a palatial reception gallery that gives access to the entertaining rooms and private quarters. The 16' x 25' living room has a wood-burning fireplace and faces Park Avenue. A grand 21' dining room is an impressive space for meals and special gatherings. The master bedroom and second bedroom are both 21-feet long and face west onto Park Avenue. The master bedroom suite has a windowed bathroom and 3 enormous closets, two of which are walk-in. The second and third bedrooms both have substantial walk-in closets as well. Off the bedroom hallway are a silver vault/linen closet, an expansive storage closet and a sizable full bathroom. There is a large windowed eat-in kitchen with a laundry, abundant storage space and 2 staff rooms.



Building Notes: 1111 Park Avenue was completed in 1925 by the pre-eminent architectural firm of Schwartz and Gross. It has a full-time doorman, a resident manager, a fitness center, bike room and a central laundry room. Pets are allowed. The building has storage bins. The building allows 50% financing and there are no assessments. Although the flip tax is generally 2% to be paid by the purchaser, due to the length of ownership, the flip tax for 5A is ½% on the gross sales price. 1111 Park is the ideal location---2 blocks from Central Park and the reservoir and in close proximity to all the special conveniences and amenities of living on the Upper East Side including museums, cultural institutions with easy access to public transportation.


EXCLUSIVE AGENT
Emily Chen
Emily Chen
ecc@olshan.com
Direct: 917-853-9235


ecc@olshan.com
Donna Olshan
dso@olshan.com
Direct: 212-751-3300 x110


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