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Listing by Douglas Elliman, Limited Liability Broker, 575 Madison Avenue -, New York, NY 10022 | Brokerage Listing ID: 23722563

Listing updated in the last 2 days

$10,000,000

For Sale

Price Drop$5,000,000

9,072 ft²

$1,102 per ft²

17 rooms

7 beds

4.5 baths

Common charges

$16,682/mo

Estimated payment

$79,505/mo

Taxes

$11,931/mo

Tax abatement

No info

About

Seller’s agent

/

Frances Katzen

Licensed Associate Real Estate Broker

Douglas Elliman

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.

Policies

  • Pets allowed

    Cats and dogs allowed

Home features

  • Central air

  • Dishwasher

  • Fireplace

  • Hardwood floors

  • Private outdoor space

    Balcony, Roof deck, Terrace

  • View

    City, Skyline, Water

  • Washer/dryer

Building amenities

Services and facilities

  • Concierge

  • Doorman

    Full-time

  • Elevator

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

  • Roof deck

About the building

500 Park Avenue Tower Condominium

500 Park Avenue, New York, NY 10022

Condo building inMidtown

- units

39 stories

1959 built

Property history

  • Price Change: ↓ $5,000,000 (-33.3%) on 4/28/26
  • Days on market: 76 days
DatePriceEvent

4/28/2026

$10,000,000

Price decreased by 33%

2/11/2026

$15,000,000

Listed by Douglas Elliman

10/8/2025

$12,500,000

Delisted by Sotheby's International Realty

9/2/2025

$12,500,000

Listed by Sotheby's International Realty

9/2/2025

$15,000,000

Delisted by Sotheby's International Realty

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Explore Midtown

Transit

LocationDistance

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0.11 miles

NRat 59th St

0.15 miles

FQat Lexington Av/63rd St

0.24 miles

EMat 5th Av–53rd St

0.28 miles

EM6at Lexington Av–53rd St

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About Midtown

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

7 beds

$16.5M

If you're looking for a neighborhood with tree-lined streets and quaint coffee shops, Midtown isn't it. The neighborhood is more of a center for business than a residential community, but it puts everything close at hand for those who dwell here. Skyscrapers rise above congested streets, tourists flock to Broadway shows and Times Square, and thousands of commuters pass through Grand Central Terminal, Pennsylvania Station, and the Port Authority Bus Terminal every day.

The real estate options in Midtown can be diverse; surprisingly affordable apartments can be found alongside some of the city's most expensive properties. The headquarters of many global corporations line Sixth Avenue, while Fifth Avenue is an upscale retail destination with stores from some of the world's best-known brands.

Learn more about Midtown