382 Central Park West (The Olmsted)
382 Central Park West, New York, NY 10025
- Year built
- 1961
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). The structural identity rests on three features.
First, the 414-apartment scale — among the largest residential condominium buildings on Central Park West. Second, the 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. Third, the investor-owner mix — substantially higher than at neighboring cooperatives, with a substantial rental presence persisting from the pre-conversion era and some units remaining 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 — Carter Horsley's CityRealty review 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
Recent sales
Per Highline portal and 2026 active inventory: 3 active sale listings, including Unit 15T (studio listing, Oxford Property Group). Rental market unusually active; many investor-owners. Apartment-level closing detail should be sourced from NYC Department of Finance recorded transfers for full transactional context.
What to know if you’re buying
The condominium structure with up-to-90% financing is the largest single competitive advantage. Plan accordingly.
The 414-apartment scale supports comprehensive operational infrastructure. Doorman, concierge, fitness, billiards, on-site parking, children's playroom all uniformly available.
The Park West Village shared landscaped grounds are structurally distinctive on CPW. Tennis courts, play areas, landscaped park, seating.
The 1985 conversion produced a long ownership cycle. Capital reserves, recent fitness center renovation, lobby/hallway 2015+ updates, and the investor-owner mix should be evaluated during diligence.
Some units remain rent-stabilized under legacy tenancies. Verify unit-level tenancy history during walkthrough.
The mid-century modern aesthetic is preserved. Buyers seeking prewar architectural texture should evaluate fit.
Closing timelines are condominium-standard. Plan for 30 to 45 days from contract through ROFR waiver to closing.
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 Horsley 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 CityRealty / Brown Harris Stevens / 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
The Roebling Team at The Olmsted
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Central Park West condominium buyers and sellers deserve building-specific intelligence — architectural attribution, conversion history, operational structure, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at The Olmsted, a 30-minute consultation is the right starting point.
Corey Cohen · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com
Sources: CityRealty (Carter Horsley review, entry 6683); The Olmsted building portal; Compass building page; Robert A.M. Stern, Thomas Mellins, and David Fishman, New York 1960 (Monacelli, 1995); Robert A. Caro, The Power Broker (Knopf, 1974); NYC Landmarks Preservation Commission Central Park West Historic District Designation Report (LP-1647, 1990); NYC Department of Finance recorded transfers.