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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10065
  6. 550 PARK Avenue #12E
Property thumbnail
1 / 29
Stock Cooperative•Lenox Hill

550 PARK Avenue #12E, New York City, NY 10065

Listing Courtesy of Douglas Elliman Real Estate

$7,900,000

Potential Rebate: $118,500

Stock Cooperative
5 Beds
5 Baths
12 Rooms
Built 1917
17 Stories
Listed on Aug 15, 2024
499 days on market
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Overview

<p> <strong></strong></p> <p> <strong></strong></p> <p>Welcome to Residence 12E at 550 Park Avenue-a distinguished high-floor home in one of Lenox Hill's most prestigious pre-war cooperatives.</p> <p>This approximately 4592 SF, grand apartment is a shining example of the Golden Age of New York architecture. Designed by renowned architect J.E.R. Carpenter in the 1920s, the residence is defined by its scale, elegance, and thoughtful layout.</p> <p>Off the central gallery, a large 40" x 18" great room with 11-foot ceilings and oversized windows capture abundant natural light from the north and east. Just beyond, a formal dining room with the capacity to comfortably host 20+ guests sets the stage for refined entertaining. The chef's kitchen is outfitted for serious culinary endeavors and is supported by a butler's pantry, a dedicated staff office, a generous storage room, and in-unit laundry. A den/library-also off the central entry gallery-and a large powder room complete the northern portion of the home.</p> <p>Down the private southern corridor, four spacious bedrooms each feature en-suite bathrooms and walk-in closets, with two corner bedrooms offering enhanced natural light and privacy. With its classic herringbone walnut floors, soaring ceilings, expansive windows, and considerable storage space, Residence 12E is ideal for multi-generational living and an exceptional canvas for timeless living.</p> <p>Completed in 1917, 550 Park Avenue stands as one of Manhattan's premier white-glove cooperatives. Located at the southwest corner of Park Avenue and 62nd Street, the building is celebrated for its stately design and gracious floorplans. Residents enjoy close proximity to Central Park, Madison Avenue shopping, and world-class dining.</p> <p>50% financing permitted and there is a 3% flip tax paid by the buyer. Some images have been virtually staged.</p> <p> <strong></strong></p> <p> <strong></strong></p>

Home Features

  • •Varies by Unit
  • •Washer Hookup
  • •In Unit
  • •Separate/Formal Dining Room
  • •Washer Dryer Allowed
  • •City

Estimated Monthly Payment

$52,249 per month

30 year fixed, 6.28% Interest

Principal and Interest
$39,037
Property Taxes
$0
Maintenance/Common Charges
$13,212

Estimated Rebate for this Home

One-time rebate at closing

$118,500

Monthly savings impact

$329/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Douglas Elliman Real Estate

Data Source: TRESTLE #RLS11000693

REBNY Logo

Price Analysis

Compare average listing prices and value metrics for 550 Park Avenue Corp against the surrounding Lenox Hill market.

Based on 2 active units in building vs 156 in area

Average List Price

Building$6.1M
Neighborhood$5.0M

Price Per SqFt

Building Avg$1,604/ft²
Neighborhood Avg$1,702/ft²
Value Opportunity

5.78% Lower

than the Lenox Hill price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Lenox Hill

Overview of Lenox Hill

Lenox Hill is the medical and residential heart of the UES. It is classic and clean. For buyers seeking Lenox Hill Manhattan real estate, it offers stability.

Living in Lenox Hill is polished. As a Manhattan NYC neighborhood, it is established.

Real Estate & Housing Market

The market for homes for sale in Lenox Hill includes white-glove co-ops.

Lifestyle & Community

The lifestyle in Lenox Hill is refined.

Transportation & Accessibility

Lenox Hill is served by the 6 and Q trains.

Parks, Schools & Amenities

Central Park is the western border.

Amenities: Luxury shopping on Madison Ave.

Who This Neighborhood Is Best For

Lenox Hill is best for doctors and established families.

Lenox Hill GuideAll Neighborhoods
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