737 Park Avenue

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737 Park Avenue, New York City, NY

737 Park Avenue
737park-nyc-exterior.jpg

Exterior of 737 Park Avenue
Building Information
Developer Macklowe Properties/Sam Minskoff & Sons
Architect Sylvan Bien
Management Company Macklowe Properties
Number of Units 108
Number of Floors 20
Year Built 1940
Construction Method Concrete
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737 Park Avenue, New York City, NY
Distance to Public Transit Within one block
Region New York City
Municipality New York City
Zoning PI
Title of Land Condominium


Contents

Background

Drawing of 737 Park Avenue

Originally marketed to "satisfy the most rigorous demands for prestige and distinction," 737 Park Avenue is an Empire style architectural building that was originally constructed as a luxury townhouse and apartment rental building for the upper class individuals of the Upper East Side.

After serving this purpose for the majority of its lifetime, this unique gem was purchased in 2011 by Macklowe Properties Development. They partnered with Handel Architects, Moed de Armas, and Shannon Architects, and converted the beauty into a condominium building, while still offering some select rental units.

The original developer responsible for building the illustrious structure was Sam Minskoff and Sons, and the architect who styled the art deco design was Sylvan Bien, who was a well-known architect with his own practice. Bien also worked under the Warren & Wetmore Architecture firm in the earlier years of his career. One of Sylvan Bien's other well-known projects in New York City is the Schwab House. Sylvan's son, Robert, continued his father's legacy as an architect until 1996, but Sylvan's many unique buildings carry on his legacy .

Situated at the northeast corner of East 71st Street and Park Avenue, this recently transformed residence offers the a central residential area in Lenox Hill, of which a significant portion lies within the Upper East Side Historic District.

The area dates back to the early 1800s when much of the land was owned by Scottish merchant Robert Lenox, for which the area is named. The 30 acres of land he owned, which later became known as the Lenox Farm, were eventually divided into parcels and sold.[1]



Location

737 Park Avenue is ideally situated for the highest exposure of the surrounding views at the northeast corner of Park Avenue and East 71st Street in the Lenox Hill neighborhood on the Upper East Side. Park Avenue is a highly trafficked two-way street with many historical high-rises flanking either side of it.

East 71st Street is less-trafficked, and provides a one-way traffic thoroughfare. Park Avenue is considered a premier residential corridor and one of the most ideal in all of Manhattan. It is surrounded by many of New York's cultural and educational institutions and museums.

Nearby places of interest for eateries include Corrado Café, which is just two blocks away, as well as Swifty's Restaurant on Lexington Avenue two blocks east of the Frick Collection. There are many boutiques lining Madison Avenue, providing a nearby interest of shopping to the residents at 737 Park Avenue. The subway station is located conveniently at 68th Street and Lexington Avenue at the Hunter College campus, just two blocks from the building.

The highly-visited, man-made oasis of the city lies just two blocks west of the building, providing residents with an easily accessible breath of relaxing air when needed. Central Park offers many activities as well, some of which include cycling and jogging paths, horseback riding, ice skating, and many different sports.

Since the area of Lenox Hill is largely populated with landmark buildings that together make up the Upper East Side Historic District, the neighborhood streets provide enchanting, easily accessible walking districts. Saint Catherine's Park, the Metropolitan Museum Historic District, and the Tramway Plaza are also located within walking distance.[2]

Construction

Drawing of 737 Park Avenue
Original Rendering of 737 Park Avenue

Living (or standing) up to architectural standards of the Empire style, 737 Park Avenue offers 140 feet of southern exposure on its side street of East 71st Street, as well as a 102 foot frontage on the highly trafficked main street of Park Avenue. Terracotta cornices and embellishments dazzle the exterior of the building, and a symmetrical fenestration of windows and vents can be noted throughout the building's exposures.

A four story limestone base provides a distinguished appearance and contrasts with the remainder of the red-brick facing of the tower. The buildings rooftop has a circular water tank enclosure, and the setbacks nearing the top of the structure lend to the building's tapered design and provide for private outdoor terraces. The upper terraces have stone cornice lines, and the top floor offers attractive pediments.

The canopied lobby entrance is situated on Park Avenue, where the frontage is quite wide; the exposure at West 71st Street also has several piers that modulate the building's mass. The many columns of narrow windows scale the building, and continue consistently from ground to roof. The building's 20 story roof height stands at 62.48 meters high.[3]

Layout and Features

Each of the condominium residences at 737 Park Avenue are thoughtfully designed with gracious amounts of space and fluid layouts; large living spaces, grand bedrooms, and formal dining rooms are typical of a home in this luxury building. Solid oak floors and new casement windows are also featured throughout, along with individually controlled air conditioning and heating systems with controls in each room.

Details are found with the four inch milled baseboards and trim-free light fixtures. Many of the kitchens have their own windows, which add to the aspect of the interiors that was commonly pointed out in the earliest marketing materials. The interiors claimed to have an, "abundance of sunshine and fresh air."

Also pointed in the early marketing brochures were the balustrade galleries, dining alcoves, numerous closets, and additional maids' rooms. Kitchens were done by Varenna and feature marble floors, marble counter tops and a marble back splash, as well as custom cabinetry with under-cabinet LED lighting, a built-in pantry and ample shelving.

Each kitchen is also complete with a full package of Miele stainless steel appliances, a wine cooler, and Franke sinks and polished chrome fixtures.

Italian, spa-like bathrooms feature custom vanities, heated floors, Dornbracht polished chrome fixtures, Villeroy and Boch sinks, wall-mounted Toto toilets, and thermostatic shower sets.

The Italian designs do not stop there, though. Actually they begin and end each day with the lobby, which is grand and includes marble wainscot walls with large hand-painted murals, marble molding, terrazzo floors, and art deco wall scones and ceiling fixtures. It's safe to say this lobby makes waiting a little less inconvenient.

Residents are also pleased to enjoy a 24-hour doorman and elevator operators, a resident manager, fitness center with large skylight, children's playroom, private storage and bicycle and stroller storage. A garden room provides the perfect entertainment setting for dining or social events.[4]

Floor Plans

There are 34 floor plans available. Here is a brief overview.

Amenities

Amenities offered at 737 Park Avenue include:

  • Doormen
  • Elevator Operators
  • Entertainment Room
  • Private Garden
  • Fitness Center with glass roof skylight
  • Children's Playroom
  • Bicycle and stroller storage
  • Private storage units


Bylaws

737 Park Avenue Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes


  • Pets are allowed
  • Rentals and pied-a-terre are allowed
  • There are no age restrictions

Sustainability

Recent updates during the conversion have improved the overall sustainability and eco-friendliness of the building. Some of these energy-efficient or sustainable improvements include:

  • Updated double-pane windows throughout
  • Sustainable marble, hardwood, and stone finishes
  • Energy efficient appliances
  • Energy efficient light sources
  • Individual thermostats for air conditioning and heat in each room

The luxurious community created in the building with the wide range of amenities offered likely encourages residents to rarely leave this haven they call home. When they do feel the necessity to step out, that is quite literally all they are required to do: step. Most amenities, activities, and entertainment required on a daily basis is found either within stepping distance or just a brisk walk away.

Trivia

Original Logo of 737 Park Avenue

Although 737 Park Avenue has been marketed as a luxury building to the upper class residents in the Upper West Side since its opening in 1940, the building has seen some litigious, frugal residents in its days.

One of the most recent situations occurred when it was released that one of the residents in the building, a multi-millionaire hedge fund high-roller by the name of Ross Haberman who manages the Haberman Funds, was suing his own relatives to keep hold of his residence in the luxurious building. But wait until you hear the lofty price of this Park Avenue duplex - a whopping $380.00 a month! If it weren't for the fact that money is of no consequence to Ross Haberman, this litigious act against blood would be a no-brainer.

Together Ross Haberman's five cousins agreed to rent the pad at 737 Park Avenue. A one bedroom in the building rents around $8,000 a month and up. But wait the story gets richer. Haberman's grandfather, Louis Katz, was once the owner of 737 Park Avenue, and when he passed away in 1965, he left his three children ownership of the luxurious apartments (now condominiums, of course). Lifetime rentals at $300 a month were also given to each of the six grandchildren by the developer for life. Along with Haberman, Lauren and Brandy Katz still live in the building.

It is stated in the court documents that "the proposed rent increase would increase the rent rate for Ross' apartment by as much as thirty times."

That would almost bring it up to its fair market value, whereby a similar property rents at $8,500 a month.[5]

References

  1. CIM Group
  2. Walk Score
  3. City Realty
  4. 737 Park Avenue NYC
  5. NY Daily News


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