480 Park Avenue

New York, NY 10022
Co-op
About
Located where Midtown Manhattan meets the Upper East Side, 480 Park Avenue is a grand masterpiece designed by Emery Roth in 1929. One of the most coveted white glove cooperatives on Park Avenue, the building boasts one of the grandest lobbies in Manhattan as well as a full-time doorman and concierge. Located on 58th Street and Park Avenue and just 2 blocks to Central Park, 480 Park Avenue is in the center of the best shopping, restaurants, and cultural attractions. Comprised of 134 homes, split into 3 elevator banks, the residences at 480 Park Avenue boast 10 foot ceilings, wood burning fireplaces, service entries, semi-private elevator vestibules, and other features you would expect in a pre-war building of this stature.

BROKER SPECIALIST:
Douglas Elliman Real Estate
Stephen Dartley
sdartley@elliman.com
212.350.2283

https://thekeskinkayadartleyteam.elliman.com/about/stephen-dartley/713
Applications
480 Park Avenue - Sale (G)
480 Park Avenue - Refinance
Building Policies
Utilities are included in the maintenance which is low due to the commercial income the building receives. Pied a terres permitted and the building is pet friendly. 50% financing. 2% flip tax. No Subleasing Permitted.
Property Contacts 2017 de primary rgb propertymgmnt

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Documents

Building Financials

2015 Financial Statement - 480 Park Avenue $50.00 04/05/17
2016 Financial Statement - 480 Park Avenue $50.00 12/05/18
2017 Financial Statement - 480 Park Avenue $50.00 12/05/18

By Laws

By-Laws - 480 Park Ave.pdf $50.00 07/14/17

Building Proprietary Lease

Proprietary Lease - 480 Park Avenue.pdf $50.00 07/14/17
Amenities

Special Amenities

Elevator
Fitness Center
Basement/Storage Unit on Site
Bike Storage
Laundry Room

On Site Services

Doorman
Concierge

Pets

Dogs Only
Cats Only
Building Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee $350 Submission
Buyer Appraisal Research and Co-op Supplement $250 (if financing) Submission
Buyer Credit Report Fee $75 Per Applicant Submission
Buyer Financing Fee $300 (if financing) Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Buyer Flip Tax 2% of the gross purchase price Closing
Buyer Legal Fee TBD (if financing) Closing
Buyer Move In Fee $500 Closing
Seller Closing Fee $700 plus $0.05 per share ($750 plus $0.05 per share without a Broker) Closing
Seller Move Out Fee $500 Closing

Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-Op Supplement/Certification Fee $250 Submission
Shareholder Credit Report Fee $75 per applicant Submission
Shareholder Financing Fee $400 (if financing) Submission


BoardPackager Processing

Single Application Initiation Fee

One-time fee paid by the person who begins the application

Payor Fees Amount Due Upon
Application
Initiator
If Agent or Attorney

If Applicant or Owner
$50

$100
Initiation
Application Participants Any Free N/A

Application Submission Fee

Payor Amount Due Upon
Applicant $45 Complimentary

Credit Card Processing Fee

Payor Fees Amount Due Upon
Any Participant Paying Building Fees Credit Card
Processing
5% of Total
(excluding Submission
& Initiation Fees)
Submission
Property Management
Property managed by:
2017 de primary rgb propertymgmnt
All building information and documentation provided by property management.
07/18/19
Total Fees: 64
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