116 Central Park South
116 Central Park South, New York, NY 10019
- Year built
- 1950
- Type
- Condominium
- Landmark
- No
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.
Local Law 97
- 2024–2029 annual penalty
- $5,547/yr
- 2030–2034 annual penalty
- $71,017/yr
- Per unit / month range
- $6 – $76
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| 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 Roebling Team at Park House
The Roebling Team at Compass specializes in the Central Park South corridor — the park-front co-ops, the boutique condominiums, and the trophy towers from Columbus Circle to the Plaza. We publish this profile because park-facing buyers and sellers deserve building-specific intelligence: how a rare park-front condominium like Park House trades, what the views and balconies are worth, and how to position a resale against both the co-op and condominium inventory on the block.
If you're considering a purchase or sale at Park House, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Central Park South — read The Roebling Team Guide to Central Park South.
Get the full picture on this building.
The full comp set, a private valuation of your line, or current and off-market availability — sent to you directly.
Own an apartment here? See what it would sell for.
A broker’s honest answer to three questions — what your apartment would likely sell for today, what it costs to sell, and what you’d walk away with — for your apartment at Park House, in this market. Put together by a person, not an algorithm.