382 Central Park West (The Olmsted)
382 Central Park West, New York, NY 10025
Upper West Side
BBL 1018337501 · BIN 1074358
- Year built
- 1961
- Type
- Condominium
- Units
- 414
- Floors
- 19
- Financing
- No building-imposed financing cap (condominium); financing is subject to lender underwriting.
- Subletting
- Leasing permitted (condominium); Board/association review applies.
- Washer / dryer
- Not permitted (central laundry).
- Pets
- Permitted, subject to Board approval.
- Co-purchasing
- Parents purchasing for children permitted.
- Guarantors
- Permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2001–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,106
- Listing discount
- 2.8%
- Recorded sales
- 298
- On record
- 2001–2026
The Olmsted is the largest of the four Central Park West slab towers of Park West Village and was the earliest of the complex's conversions to condominium (1985, two years ahead of The Vaux's 1987 conversion). Scale is the headline: a 414-apartment building ranks among the largest residential condominiums on Central Park West, and that mass underwrites a comprehensive renovated amenity infrastructure — recently renovated fitness center, billiards room, large laundry room, newly renovated landscaped park with seating areas, on-site parking, bike room, children's playroom, storage, and live-in superintendent. What most distinguishes the building from its co-op neighbors is its investor-owner mix, substantially higher here, with a rental presence persisting from the pre-conversion era and some units still rent-stabilized under legacy tenancies.
The building was originally named "The CPW Towers" — renamed for Frederick Law Olmsted, co-designer of Central Park.
Architecture and unit composition
See the Park West Village development history detailed in the 372 Central Park West (The Vaux) profile — public records of The Olmsted is the canonical published source on the entire complex's troubled development under Robert Moses and Samuel Caspert, the rescue by William Zeckendorf's Webb & Knapp and Alcoa, the Helmsley acquisition, and the conversions to condominium in 1985 (Olmsted) and 1987 (Vaux).
The Olmsted's red-brick slab facade is "highlighted with multi-railed balconies at its corners and above its entrance at the center of the building," with enclosed rooftop watertanks and discrete air-conditioning units. The grounds are landscaped to the standards of mid-century European urban planning. Recently renovated lobby and hallways (post-2015) brought the building up to current condominium standards.
The 1985 condominium conversion was contested in court; some units remain rent-stabilized under legacy tenancies. The 414-apartment scale supports a substantial operational baseline relative to peer Central Park West inventory.
Building operations
The Olmsted operates as a full-service Upper West Side condominium:
- 24-hour doorman and concierge
- Recently renovated fitness center
- Billiards room
- Large laundry room
- Newly renovated landscaped park with seating areas (shared common ground)
- On-site parking
- Bike room
- Children's playroom
- Storage
- Live-in superintendent
- Mid-century modern aesthetic preserved
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $20,413/yr
- Per unit / month range
- $0 – $4
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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
- Sublet policy
- Allowed
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 |
|---|---|---|---|---|---|
| Mar 23, 2026 | 2B | 1 BR · 1 BA · 841 sf | $1,100,000 | $1,308/sf | +0.0% |
| Mar 16, 2026 | 16N | 1 BR · 1 BA · 887 sf | $989,500 | $1,116/sf | -0.8% |
| Feb 2, 2026 | 17F | 532 sf | $715,000 | $1,344/sf | off-mkt |
| Jan 20, 2026 | 15H | 1 BR · 1 BA · 750 sf | $820,000 | $1,093/sf | -6.3% |
| Jan 8, 2026 | 19N | 1 BR · 1 BA · 887 sf | $999,375 | $1,127/sf | +0.2% |
| Dec 23, 2025 | 4B | 1 BR · 1 BA · 850 sf | $995,000 | $1,171/sf | -9.5% |
| Aug 4, 2025 | 8M | 1 BR · 1 BA · 787 sf | $1,240,000 | $1,576/sf | -0.8% |
| Jul 14, 2025 | 5G | 1 BA · 579 sf | $729,600 | $1,260/sf | -2.5% |
Market read. Most recent trades (2026) cleared a median $1,106/sf across 5 sales. Median listing discount 2.8% 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.
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 1-01833-7501) 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 selling
Marketing should emphasize the condominium policy flexibility, the up-to-90% financing, the recently renovated amenity infrastructure, and the Park West Village shared grounds. All are real structural advantages.
The SOM architectural pedigree and the canonical architectural records Park West Village review are real institutional context. Position accordingly.
The 1985 condo-conversion provenance and the long ownership cycle support institutional pricing depth.
Pricing should reference recent public records / / Compass data on Park West Village transactions. Apartment-line-specific comparables should anchor positioning.
Closing timelines are condominium-standard.
Comparable buildings
If you're considering The Olmsted, also evaluate:
- 372 Central Park West (The Vaux) — SOM 1961; immediate Park West Village condominium peer
- 392 Central Park West — SOM 1961; immediate Park West Village condominium peer
- 400 Central Park West — SOM 1960; immediate Park West Village condominium peer
- 279 Central Park West — Kondylis 1988; nearby CPW condominium peer
- 415 Central Park West (The Central Park View) — Deutsch & Schneider 1926; nearby CPW cooperative peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Central Park West — read The Roebling Team Guide to Central Park West.
Considering a move at The Olmsted?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Olmsted 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.