Foreclosure Auction date: Monday, OCTOBER 18TH at 9:30am.
Forced sale by the board of Directors.
An opportunity as rare as this one comes along less frequently than a Blue Moon.
Unit 10B at 480 Park Avenue is a magnificent property that will be sold at auction. Located at the corner of 58th & Park, this Emory Roth pre-war building was constructed in 1929, and is replete with all the grandeur that is indicative of that early 20th century era of prosperity. The home is a 3BR/3BTH newly renovated 9 into 7 room that features 10' ceilings and elegant polished walnut wood floors. Doorways are statuesque and extra-wide and there are European-style moldings throughout. A semi-private vestibule opens off of the elevator and there is service access as well. Visitors are initially welcomed into the residence from an opulent entrance Gallery that only presages the majestic space that further awaits. The Living Room is submerged in natural light from an entire wall of oversized windows facing East onto Park Avenue. A generously proportioned corner Master Suite sits adjacent, highlighted by an immense Dressing Room and a large windowed marble bathroom. The Dining Room has been wood-paneled and offers up a cozy club-like ambiance that is ideal for entertaining guests. A gourmet kitchen equipped with state of the art appliances, pristine white cabinetry, marble countertops, a butler's pantry, and a center island were all designed for the ultimate in storage and preparation. There is also a full service Laundry Room within convenient proximity to the kitchen. The third bedroom doubles as a home office and has the benefit of multiple custom built-ins. The gracious layout is both flexible and well-planned out.
The building at 480 Park Avenue is a 19 story high end full service coop residence with a 24 hr doorman and concierge. Residents also enjoy the amenities of a gym and the most beautiful landscaped roof deck with open views to the city. There is also an assigned 12 sq ft storage cage for the apartment, and additional laundry facilities located in the basement.
The Board allows for a pied-a-terre, and is especially accommodating to foreign buyers. Financing is 50% and there is a 2% flip tax payable by the buyer. Utilities are included in the low maintenance. The building also has the bonus of being pet friendly on a case-by-case basis.
480 Park Avenue is an ideal address in the center of midtown Manhattan. First class shopping, highly rated dining, the best in public transportation, and Grand Central Station are all located within range of the neighborhood.
Don't miss out on this once in a lifetime purchase opportunity. "This unique property is being sold at auction as part of a foreclosure proceeding. The owner paid almost $7 million. Bids of at least $5.0 million will be welcomed in the auction."
Brokers please collect your own fee.