116 Central Park South
116 Central Park South, New York, NY 10019
BBL 1010117503 · BIN 1076843
- Year built
- 1950
- Type
- Condominium
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Park House would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Park House sits directly on Central Park South, the half-mile of Manhattan that looks straight out over the park's southern edge — one of the most valuable residential frontages in the world. The building dates to 1950, a clean mid-century block of gray brick distinguished by inset balconies on alternate floors, and it converted to condominium ownership in 1988. That last fact is what sets it apart on the corridor: most of Central Park South's frontage is pre-war co-op or hotel, and a full-service condominium on the park, with its own parking garage, is genuinely scarce.
For buyers, Park House answers a precise question — how do you own a home facing Central Park without submitting to a co-op board? It is a condominium, so purchases clear on a right-of-first-refusal rather than a board interview, financing is flexible, and pied-à-terre and pet ownership are accommodated. Wrap that around a 24-hour doorman, a concierge, an on-site gym, and a garage in the building, and you have one of the corridor's most practical full-service addresses.
Building operations
Park House runs as a full-service condominium: a 24-hour doorman and concierge, a fitness center, a package room, and — unusually for the corridor — a parking garage in the building itself, a real convenience in a neighborhood where street parking is effectively nonexistent. The building is pet-friendly. As a condominium, the governance is light: a right-of-first-refusal rather than a co-op board package, no financing cap, and customary acceptance of pied-à-terre, trust, and LLC ownership. Subletting is freer than at the surrounding cooperatives — the structural flexibility that makes a park-facing condominium so sought after.
Architecture and residences
The building is mid-century in the best sense: unfussy gray brick, well-proportioned massing, and the signature inset balconies that give alternate floors private outdoor space facing the park or the side streets. At 18 stories it stays in scale with its older neighbors rather than towering over them. The lobby is a handsome modern room, attended around the clock.
The 78 residences run the range from pieds-à-terre to full-floor and combined homes, with the north-facing apartments delivering the corridor's prize — open, protected views across Central Park that cannot be built away. Park-facing balconies on the inset floors are a rare amenity on this stretch. Condominium ownership gives residents the renovation latitude to modernize layouts and systems, and many homes have been gut-renovated over the building's decades as a condominium.
Local Law 97
- 2024–2029 annual penalty
- $5,547/yr
- 2030–2034 annual penalty
- $71,017/yr
- Per unit / month range
- $6 – $76
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Notable fees
- Moving fee $1,000; closing admin fee $500; refundable damage deposit $1,000
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 3, 2007 | 5C | 1 BR · 1 BA · 854 sf | $980,000 | $1,148/sf | -14.8% |
Market read. Most recent trades (2007) cleared a median $1,148/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01011-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is park frontage without a board. Financing is flexible — no co-op cap. There is no admissions interview — purchases clear on a right-of-first-refusal. Pied-à-terre, LLC, and trust ownership are customary, the building is pet-friendly, and subletting is materially freer than at the co-ops nearby. Focus on exposure: the north-facing, park-view lines and the balconied inset floors are the building's premium product and trade accordingly. The on-site garage is a genuine differentiator on this corridor. We help buyers compare Park House against both the corridor's co-ops and the newer park-facing condominiums, and read where a given line sits on price.
What to know if you’re selling
Lead with the two scarcest facts: it faces Central Park, and it's a condominium. That combination is rare on the corridor, and it widens the buyer pool to everyone unwilling or unable to clear a pre-war board. Market the park views, the balconies, and the garage — the concrete advantages that distinguish Park House from both its co-op neighbors and the side-street stock. Benchmark to park-facing condominium values, not to co-op comps, which trade on different terms. The right-of-first-refusal keeps the closing path faster and more predictable than a co-op board process — itself a selling point to the flexibility-minded buyer this building attracts.
Comparable buildings
If you're considering Park House, also evaluate the corridor's other park-front and full-service options:
- 112 Central Park South — pre-war co-op on the park, two doors west
- 50 Central Park South — luxury condominium tower on the park
- 200 Central Park South — full-service tower fronting the park
- 220 Central Park South — trophy condominium on the corridor
- 24 Central Park South — boutique park-front co-op
- 150 West 56th Street — full-service high-rise a block south
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Central Park South — read The Roebling Team Guide to Central Park South.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Park House?
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