Park Towers (195 Third Avenue)
195 Third Avenue, New York, NY 10003
BBL 1008980001 · BIN 1019551
- Year built
- 1973
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2026
- $885K
- 29 qualifying sales
- Recent range
- $700K – $2.3M
- Listing discount
- 2.3%
- Recorded transfers
- 268
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Park Towers 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.
Gramercy rewards buyers who want a real neighborhood with a quiet, residential character a short walk from Union Square and the East Side's transit. Park Towers, at the corner of Third Avenue and East 17th Street, is one of the area's larger postwar cooperatives — a 32-story tower that offers the height, light, and open views the lower prewar stock around Gramercy Park cannot, paired with the layouts and services of a full-service postwar building; establish turnover from dated recorded transactions.
Completed in 1973, the building sits at a useful crossroads: Gramercy Park lies northwest, with Irving Place extending south from the park, Union Square and its transit hub are within easy reach, and the restaurants and services of the East Side surround it. For a buyer who wants a co-op address in Gramercy with elevation, a doorman, and a roof terrace — rather than the scarcity premium and strict terms of a small prewar building on the park itself — Park Towers is a logical option.
A note on names: Park Towers (195 Third Avenue) should not be confused with Gramercy Park Towers at 205 Third Avenue, a separate and larger postwar cooperative one block north. They are different buildings.
Architecture and unit composition
Park Towers is a 32-story postwar cooperative of roughly 270 apartments in the white-brick-era idiom of its 1973 vintage, with balconied lines on some exposures. The height is the building's defining architectural advantage: upper-floor apartments enjoy open city views and strong light, a meaningful contrast to the lower-rise Gramercy stock nearby.
Park Towers offers a range of postwar layouts at a Gramercy cooperative address; building scale does not establish a steady resale rate. Some apartments carry private balconies and in-unit washer/dryers, practical features that distinguish the better lines in the building.
Building operations
This is a full-service cooperative with a full-time doorman, concierge, elevator service, central laundry, bicycle storage, and a common roof terrace. The service level and the roof amenity are part of the appeal for a household that wants a doorman building with outdoor common space in Gramercy.
Carrying costs are expressed as monthly maintenance, which covers the building's underlying mortgage, real estate taxes, staff, heat, and operations. As with any co-op, board policies — financing limits, flip tax, and pied-à-terre and subletting allowances — vary by amendment and should be confirmed during due diligence. Buyers should review the co-op's financial statements, reserve position, and any assessment or capital-project history during due diligence; the Roebling Research Library maintains current building materials for clients.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Maintenance, per room
- $470 per room a monthMedian of 36 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.14 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Roof deck, bike storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $158,248/yr
- Per unit / month range
- $0 – $49
- Modeled exposure split equally across 270 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Park Towers is an approximately 270-unit cooperative; measure annual resale activity from dated transactions rather than inferring frequency from its size. As a co-op, pricing is best read on a per-room and per-line basis rather than strictly on price per square foot: lower-floor and entry layouts anchor the base of the market, while higher floors with open views, private balconies, and renovated interiors command premiums. The doorman, roof terrace, and central location broaden the building's appeal. Our sales view for the building reflects recorded transfers as they post.
Recent transfers at this building, from The Roebling Research Library. 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 | vs. Ask |
|---|---|---|---|---|
| Aug 24, 2026 | 14H | 2 BR · 1.5 BA | $1,192,000 | -4.6% |
| Aug 17, 2026 | 31H | 2 BR · 2 BA | $1,410,000 | -5.7% |
| Aug 17, 2026 | 15C | 2 BR · 1.5 BA | $1,526,830 | +2.1% |
| Jul 29, 2026 | 14F | 1 BR · 1 BA | $855,000 | -3.4% |
| May 26, 2026 | 30F | 1 BR · 1 BA | $900,000 | -5.3% |
| May 4, 2026 | 29J | 1 BR · 1 BA | $850,000 | +0.0% |
| Mar 5, 2026 | 32G | 2 BR · 1.5 BA | $1,212,500 | -6.7% |
| Feb 26, 2026 | 31J | 1 BR · 1 BA | $915,000 | -3.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,182/sf (floor-adjusted) across 6 sales. The building has traded as recently as 2026. Median listing discount 1.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Dec 9, 2009 | 31E | $449,000 |
| Aug 7, 2003 | 24E | $649,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00898-0001). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at Park Towers and nearby.
At the recent median sale of $941K (30 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $12,078 to close, or 1.3% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,078
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Buy the floor and the view. The building's height is its edge; upper-floor apartments with open views and good light command the premiums, and private-balcony lines stand out.
It's a co-op — underwrite the board terms. Expect a board package and interview, and confirm the financing limit, flip tax (if any), and pied-à-terre and subletting policies before you commit.
Do postwar co-op diligence. Review the building's financials, reserves, and any assessment or capital-project history. Confirm monthly maintenance and what it covers.
Don't confuse it with 205 Third Avenue. Park Towers (195 Third) and Gramercy Park Towers (205 Third) are separate buildings; make sure your comparables are drawn from the right one. Run any purchase through the Mansion Tax Calculator.
What to know if you’re selling
Lead with elevation and services. Open views, the doorman and concierge, the roof terrace, and the central Gramercy/Union Square location are the rational reasons buyers choose this building.
Position each apartment on floor, exposure, and condition. Higher-floor view lines and renovated apartments command premiums; benchmark against the best comparable apartments in the building rather than against the different building at 205 Third.
Prepare a clean board package. Co-op sales move on the quality of the application and the buyer's financials; a well-prepared package and realistic in-building pricing keep the process moving.
Comparable buildings
If you're weighing Park Towers, these nearby Gramercy and East Side co-ops and condos make a useful comparison set:
- 205 Third Avenue (Gramercy Park Towers) — the larger postwar cooperative one block north
- 200 East 16th Street — a Gramercy/Stuyvesant Square–edge residential building
- 200 East 20th Street — a full-service building near the park
- 130 East 18th Street (Gramercy Plaza) — a full-service postwar co-op near Gramercy Park
- 121 East 22nd Street — a Gramercy residential building a few blocks north
More Gramercy buildings
- 157 East 18th Street (The Gramercy Regent) — 1955 co-op
- 158 East 22nd Street — 1930 co-op
- 160 Third Avenue (The Gramercy Spire) — 1963 co-op
- 200 East 16th Street — 1929 co-op
- 200 East 20th Street — 2024 condominium by CetraRuddy Architects
- 200E21, 200 East 21st Street — 2016 condominium by BKSK Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 Towers?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com