What's Happening?
An eight-room, 3,250-square-foot co-op located at 535 Park Avenue in New York City is on the market for $12.5 million. The residence, designed by Danielle Richter, features a sophisticated color palette
and luxurious amenities. The home includes plaster moldings, custom metal hardware, integrated lighting and climate systems, and triple-pane windows. Architectural Digest has praised its 'sexy, moody' design, which includes a corner living room with an antique marble fireplace and a kitchen with a La Cornue induction range. The primary suite features hand-painted wall coverings and vintage lighting, while the building offers amenities such as a full-time doorman and a rooftop terrace.
Why It's Important?
The sale of this co-op highlights the continued demand for luxury real estate in New York City, particularly in prestigious areas like Park Avenue. The property’s design and amenities reflect current trends in high-end living, emphasizing both aesthetic appeal and modern conveniences. This listing may attract affluent buyers seeking a combination of historical charm and contemporary luxury, potentially influencing market dynamics in the Upper East Side. The presence of such properties can also impact local real estate values and contribute to the area's reputation as a desirable location for wealthy individuals.
