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Residential Income Property with Doorman
New
For Sale
$3,250,000

502 Park Avenue 5G, New York City, NY 10022

The two-bedroom, two-bathroom residence includes an in-unit washer and dryer, a separate kitchen, and a fitness center in the building.

Property Size1,549 SF
Price / SF$2,098
Days on Market4

Property Features for 502 Park Avenue 5G

General Information

Standard status Active
Size 1,549 SF
Property subtype Apartment

Taxes and HOA fees

Annual Taxes $19,380

Building Details

Building Size 1,549 SF
Year Built 1927
Listing Agency: Sothebys International Realty
Listed By: Michael S Meier
Source: Bondnyre
Added: Sep 28 Changed: Sep 30 Last Checked: Sep 30 at 1:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sothebys International Realty

Investment Insights

Based on property information with market context.

This 1,549-square-foot residence has two bedrooms and two bathrooms, with 9-foot ceilings, hardwood floors, moldings, and storage throughout. The foyer opens to a living and dining room, while a separate kitchen sits behind French doors. The primary bedroom has a walk-in closet and en-suite bathroom; the second full bathroom is accessible to the other bedroom and guests. An in-unit washer and dryer and a separate 33-square-foot storage unit are also included, with the storage unit available for separate purchase.

Building services and amenities include a 24-hour doorman, concierge, resident manager, engineering staff, bike storage, and fitness center. The property is two blocks from Central Park and near Madison Avenue shopping, restaurants, museums, cultural destinations, and transportation.

Key Highlights

  • Two‑bedroom, two‑bathroom residence with 1,549 square feet
  • 9‑foot ceilings, hardwood floors, moldings, and storage throughout
  • Separate 33‑square‑foot storage unit available for separate purchase

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Auto Parts Store Butcher Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49,964
Businesses Nearby

Demographics for 10022, NY

36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - The two-bedroom, two-bathroom residence includes an in-unit washer and dryer, a separate kitchen, and a fitness center in the building.
Where is this residential income property located?
The property is located at 502 Park Avenue 5G New York City, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residence with 1,549 square feet; 9‑foot ceilings, hardwood floors, moldings, and storage throughout; Separate 33‑square‑foot storage unit available for separate purchase
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