New York (Midtown East), NY, 10022 | $2,950,000

NEW PRICE! An elegant, quintessential Park Avenue Classic 7 in a full-service white-glove cooperative in the heart of New York City at the corridor of Midtown East and the Upper East Side. Residence 4B at 485 Park Avenue is a timeless embodiment of the refinement one associates with pre-war architecture enhanced by modern conveniences throughout. With a stately South-facing living room, a large formal dining room, an oversized windowed eat-in kitchen, three South-facing bedrooms, three bathrooms and a staff room/home office and an approximately 27-foot long center gallery, this home is the consummate marriage of prewar grandeur and contemporary grace.

A semi-private landing ushers you into the grand entry gallery enveloped in decorative wainscoting to complement the gorgeous herringbone wood floors found throughout the apartment's entertaining rooms. Ideally designed to welcome guests and showcase glorious artwork, the gallery dramatically leads to a South-facing living room anchored by a wood-burning fireplace with a handsome mantle of custom millwork, flanked at either side by built-in bookcases. The living room flows seamlessly into the adjacent dining room through a pair of French doors, perfect for those who enjoy either formal or casual entertaining. Immediately adjacent the dining room, the oversized windowed eat-in kitchen features a breakfast bar that can seat up to four, the perfect place for casual meals or to enjoy a glass of wine while preparing dinner with company. The countertops are granite throughout, and the appliance suite includes a vented Thermador stainless steel gas range with griddle and four burners, an oversized Sub-Zero refrigerator/freezer with an icemaker as well as two ovens and a full-sized dishwasher by GE.

There are three South-facing bedrooms, one of which is located between the living room and primary bedroom and easily used as a library (as it currently is), and two of which are situated off of a dedicated bedroom corridor. The primary bedroom features city windows and has a large walk-in closet supplemented by a wall of custom built-in closeting. The windowed primary bathroom has been newly renovated and is dressed in neutral grey tile with an oversized floating vanity and a glass-enclosed stall shower with a built-in product nook. The primary bathroom is also accessible from the library, providing the library with wonderfully flexible use as both an extension of the primary suite and additional entertaining space. At the westernmost end of the apartment is a second bedroom suite complete with city windows, a large walk-in closet and a marble windowed en-suite bathroom with deep soaking tub.

Additional features of this marvelous home include an office/staff room, a third full bathroom with stall shower, an in-unit washer/dryer, a wet bar, and central air conditioning supplemented by through-wall air.

Built in 1922 by Dwight P. Robinson & Co. , 485 Park Avenue is a dignified full-service white-glove pre-war cooperative rising from a three-story limestone base. Residents enjoy a full-time staff including a live-in resident manager as well as private storage for each apartment and bicycle storage. The building is moments from Central Park and The Museum of Modern Art, and residents take advantage of the endless array of world-class shopping experiences along Fifth Avenue and Madison Avenue as well as a host of celebrated restaurants, bars and conveniences including Whole Foods and Trader Joe's just a few blocks away. Located in the heart of New York City, the N, R, W, 4, 5 and 6 trains are around the corner and buses are one block away. Pieds-a-terre are permitted upon approval, and pets are welcome. Financing is now allowed up to 50%.

There is an ongoing assessment of $1, 005. 42 per month.

Features

  • Town: New York
  • Levels: 14
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Building None,In Unit
  • Complex: 58 & PARK AVE, INC
  • Year Built: 1922
  • Common Charge: $5,436 Monthly
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS11031894
  • Days on Market: 81 days
  • Website: https://www.raveis.com
    /prop/RLS11031894/485parkavenue_newyork_ny?source=qrflyer
Copyright © 2025  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens Residential Sales LLC   Phone: (212) 906-9234

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Midtown East), NY, 10022

$2,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $2,360,000 $2,360,000 $2,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.625% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.739% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,400 $15,111 $19,915
Total Monthly Payment $13,525 $15,236 $20,040

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.