Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
500 PARK Avenue #PENTHOUS39

For Sale · Listing by Douglas Elliman Real Estate

500 PARK Avenue #PENTHOUS39

Midtown East, Manhattan

$9,995,000

Interested in this property?
Active For Sale Condo

$9,995,000

$1,102 per sq ft

500 PARK Avenue #PENTHOUS39

Midtown East, Manhattan

500 Park Avenue Tower Condo

MLS® #RLS20113119

RLS at REBNY

Listing by Douglas Elliman Real Estate

7
Bedrooms
4.5
Baths
9,072
Sq. Ft.
1959
Year Built

Quick Summary

Bedrooms 7
Bathrooms 5 full, 1 half
Living Area 9,072 sq ft
Year Built 1959
Ownership Condo
HOA/Common Charges $16,682/mo
Property Taxes Contact for details
Neighborhood Midtown East
Floor 39 of 40

Property Highlights

  • Views: City, Park Greenbelt
  • Fireplace: 1 fireplace
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 17
Baths 4 Full, 1 Half
Floor 39 of 40
View City, Park Greenbelt
Cooling Other
Pets Yes
Year Built 1959
Living Area 9,072 sq ft
Structure Type HighRise
Basement Other
Block/Lot 01294/0037

Listing History

Event Date Price Change
Listed Sep 8, 2026 $9,995,000 -
Currently Sep 8, 2026 $9,995,000 -

Description

A townhouse in the sky-where Manhattan unfolds in every direction. Perched at the crown of the city, this extraordinary penthouse is defined by a spectacular planted entertaining terrace-an outdoor room in the sky-while the residence itself enjoys four distinct exposures, capturing light, skyline, and cityscape from every side. Sunrises, sunsets, Central Park, Midtown-every view, every hour, completely yours. Spanning two full floors, the home has been thoughtfully curated to feel fluid, warm, and livable-an elegant counterpoint to the pace of New York below. Oversized picture windows frame sweeping vistas, while gracious public rooms transition effortlessly into more intimate private spaces, anchored by the terrace as the home's emotional and architectural centerpiece. Living & Entertaining Level The lower level unfolds as a sequence of expansive yet welcoming entertaining rooms, all bathed in natural light. The corner living and dining rooms are positioned to capture dramatic north and west city views, with Central Park stretching into the distance. A richly appointed library and study open directly to the terrace, creating a rare indoor-outdoor rhythm ideal for both large-scale entertaining and quieter moments. The kitchen and adjacent breakfast and media rooms are designed for ease and flow, supporting both formal gatherings and everyday living without interruption. Private Bedroom Level The upper level is dedicated to private living, offering exceptional separation, scale, and privacy. Primary Suite: Occupying its own secluded wing, the primary bedroom enjoys open northeast exposures, welcoming morning light and tranquil skyline views. Dual dressing rooms and spa-like baths are thoughtfully oriented to preserve privacy while maintaining a sense of air and calm. Additional Bedrooms: Two corner bedrooms are positioned to capture sweeping north and west views, each with fireplaces and an unmistakable sense of scale. Additional bedrooms and sitting rooms are oriented along the south and east, benefiting from consistent light and expansive city vistas throughout the day. Together, the bedroom wings create a true residential experience-quiet, private, and intentionally removed from the entertaining spaces below. Set atop the iconic 500 Park Tower, a white-glove condominium offering full service and discretion, this residence combines architectural pedigree with a rare sense of openness and serenity. Perfectly positioned at the intersection of the Upper East Side and Midtown East, it offers immediate access to Central Park, world-class dining, shopping, and effortless walkability. This is not simply a penthouse. It's a horizon-level home-where New York feels expansive, calm, and entirely yours.

Features & Amenities

Interior Features

Building Other Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Elevators

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $16,682/mo
RE Taxes Contact for details

Midtown East is a dynamic hub that is the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and historic side-street cooperatives, providing a wide array of options for those who want to be at the center of the city's energy.

Midtown East Live Market Data

View Neighborhood

Active Listings

172

Median Asking Price

$1.92M

Median $/Sqft

$2,150

Avg Days on Market

N/A

New This Week

6

Price Reduced

29%

Sold (30 Days)

15

Median Sale Price

$1.38M

Live data from RLS at REBNY • Updated 9/8/26, 2:56 PM EST

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Location

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500 PARK Avenue #PENTHOUS39, Midtown East, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
11
Floors
C5-3
Zoning District
NYC Landmark

Tax & Assessment

Assessed Value: $20,965,950
Land Value: $5,445,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 12,553 SF
Building Area: 103,178 SF
Built FAR: 8.22
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $16,682 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 7 bedrooms and 4 full bathrooms and 1 half bathroom.

The listed interior living area is 9,072 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1959, making it approximately 67 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property: Cats and dogs allowed,Building Pets Allowed Comments:Cats and dogs allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $9,995,000 for 9,072 sq ft, the asking price per square foot is approximately $1,102. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20113119
First Listed: 9/8/2026
On Market: 9/8/2026
Price Changed: 9/8/2026
Contract Date: 9/8/2026

Listing Courtesy of Douglas Elliman Real Estate - Frances W Katzen

Listing Contact: (917) 705-1864

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/8/2026 at 6:56 PM UTC

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Midtown East Market Update

15 sales last 30 days · $1.92M median · 11.5 months supply

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New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Midtown East Borough Manhattan
County New York
Floor 39 of 40
Year Built 1959
First Listed 9/8/2026
Living Area 9,072 sqft
Common Charges $16,682/mo

Monthly Costs Estimate

Down Payment 20%

$1,999,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $16,682
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$224,888

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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