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Two-Bedroom Residential Income Property
For Sale
$1,850,000

525 Park Avenue 5D, New York City, NY 10065

Updated condominium residence with elegant pre-war character, abundant natural light, and full-service building amenities.

Property Size1,000 SF
Days on Market49

Property Features for 525 Park Avenue 5D

General Information

Standard status Active
Size 1,000 SF
Property subtype Apartment

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $14,304

Amenities

24-hour doorman
concierge
live-in resident manager
fitness center
private storage

Building Details

Building Size 1,000 SF
Year Built 1915
Construction Italian Palazzo
Listing Agency: Compass
Listed By: Sophia Elghanayan
Source: Tricialee
Added: Jun 24 Changed: Aug 10 Last Checked: Aug 10 at 9:38AM

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 Compass

Investment Insights

Based on property information with market context.

This two-bedroom, two-bathroom condominium residence combines pre-war detailing with contemporary improvements. The home features approximately 10-foot ceilings, hardwood flooring, and oversized windows with north, south, and east exposures. A windowed kitchen includes custom cabinetry, marble countertops, stainless steel appliances, and a secondary service entrance. The living and dining areas are arranged for both daily use and entertaining, while the primary suite includes corner exposures and a windowed en-suite bathroom with a soaking tub. The second bedroom can serve as a guest room, office, or library, and a renovated second full bathroom completes the layout.

Built in 1915 in the Italian Palazzo style, the full-service condominium offers a 24-hour doorman, concierge, live-in resident manager, fitness center, and private storage. The building occupies the corner of Park Avenue and 61st Street, near Central Park, Madison Avenue shopping, restaurants, Museum Mile, and transportation options. In-unit washer and dryer installation and through-the-wall or central AC are permitted with board approval. Ownership may be held through financing, an LLC, or a trust.

Key Highlights

  • Two‑bedroom, two‑bathroom condominium residence
  • Approximately 10‑foot ceilings and hardwood flooring
  • Oversized windows with north, south, and east exposures

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Auto Parts Store Daycare Center Auto Repair Shop Nursing Home Butcher Mobile Phone Store

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

37,864
Businesses Nearby

Demographics for 10065, NY

32,891
Population
22,734
Households
1.4
Avg Household Size
40
Median Age
86%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
82,228
Density / Sq Mi
$160,938
Median Household Income
$121,212
Median Earnings
$2,828
Median Rent
$1,368,200
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated condominium residence with elegant pre-war character, abundant natural light, and full-service building amenities.
Where is this residential income property located?
The property is located at 525 Park Avenue 5D New York City, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium residence; Approximately 10‑foot ceilings and hardwood flooring; Oversized windows with north, south, and east exposures
More about this property
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