- Year built
- 1916
- Type
- Cooperative
- Landmark
- No
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $2.2M
- Recent range
- $1M – $5M
- Listing discount
- 14.0%
- Recorded transfers
- 57
470 Park Avenue is a distinguished red-brick pre-war cooperative on the lower-Park-Avenue blocks between 57th and 58th Streets — the same prestigious stretch that shares its block with some of the city's most storied hotels and restaurants. The building was designed in 1916 by Schwartz & Gross, one of the most prolific and respected pre-war apartment-house firms in New York, responsible for numerous landmark co-ops along Park, Central Park West, and the avenues. It became a cooperative in 1954, early in the wave that converted the avenue's great rental houses into the owner-occupied buildings that define it today.
What sets 470 Park apart, beyond its pedigree and address, is the package of attentive service and genuine flexibility. This is a full-service, white-glove cooperative — full-time doorman, porters, and a live-in resident manager — with two private gardens, a rare green amenity on the avenue. And its board posture is notably accommodating: pets and pieds-à-terre are welcomed, and the building permits financing up to 50%, terms more flexible than many of the avenue's stricter houses.
For buyers, 470 Park is lower-Park-Avenue living with Schwartz & Gross pedigree, white-glove service, private garden space, and a board flexible enough to broaden its appeal.
Architecture and unit composition
Schwartz & Gross gave 470 Park the dignified, restrained vocabulary that defines the firm's best pre-war work: a solid red-brick street wall, a canopied and attended Park Avenue entrance, and the proportion and craftsmanship of 1916 construction. The building's two private gardens are an unusual and valued feature on the avenue, giving residents real outdoor common space behind the masonry.
Inside, the residences carry the layout logic of the period — gracious entry foyers, defined rooms, and the ceiling height and solidity that make pre-war apartments wear well across generations. The mix runs from well-proportioned apartments to larger family homes on the upper floors, where light and Park Avenue outlook improve. As with any pre-war cooperative, individual homes vary in renovation level and exposure, with the larger and higher residences at the top of the building's range.
Building operations
470 Park is run as a full-service, white-glove cooperative: a full-time doorman, porters, and a live-in resident manager provide continuous, attentive service. Basement storage with complimentary laundry and a bicycle room serve residents, and the two private gardens give the building a genuine green amenity uncommon on the avenue. The board's policies are a meaningful part of the building's appeal — pets and pieds-à-terre welcomed, and financing permitted up to 50%, a flexibility that broadens the buyer pool. A purchase proceeds through the cooperative's application and board interview.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $50,805/yr
- Per unit / month range
- $0 – $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 →Recent sales
Recent transfers 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 12, 2026 | 10C | 2 BR · 2 BA | $2,500,000 | -3.5% | |
| Aug 7, 2025 | 8B | 2 BR · 2 BA | $1,200,000 | -14.0% | |
| Jul 28, 2025 | 9C | 4 BR · 4 BA · 3,500 sf | $3,625,000 | $1,036/sf | off-mkt |
| Jun 12, 2025 | 9A | 2 BR · 2 BA · 1,700 sf | $2,200,000 | $1,294/sf | off-mkt |
| Mar 6, 2025 | 10D | 1 BR · 1 BA | $1,080,000 | -1.8% | |
| Jul 16, 2024 | 4A | 1 BR · 1 BA | $1,000,000 | -20.0% | |
| Apr 19, 2024 | 6A | 1 BR · 1 BA · 1,300 sf | $1,200,000 | $923/sf | -14.0% |
| Apr 15, 2024 | PHA | 5 BR · 6.5 BA · 4,850 sf | $8,200,000 | $1,691/sf | -23.7% |
Market read. Most recent trades (2025) cleared a median $1,608/sf across 2 sales. Median listing discount 7.7% 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 12, 2025 | 12A | $1,200,000 |
| Jul 6, 2021 | 8A | $1,525,000 |
| Oct 2, 2019 | 10D | $850,000 |
| Nov 28, 2016 | 11B | $2,000,000 |
| Aug 11, 2016 | 11A | $750,000 |
| Oct 23, 2013 | 8E | $982,743 |
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 1-01293-0037) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
The board is flexible by avenue standards. Welcomed pets and pieds-à-terre, plus financing up to 50%, are more accommodating terms than many lower-Park cooperatives offer — they widen both how you can use the home and your eventual resale audience.
You're buying Schwartz & Gross pedigree and white-glove service. A 1916 design from one of the era's premier apartment-house firms, full-time staffing, and two private gardens are substance a newer building cannot replicate.
Diligence is co-op-standard. Expect a board package and interview, financing within the building's 50% guideline, and review of the cooperative's financials, reserves, and any planned capital work — routine for a well-run pre-war house of this standing. Confirm current policy specifics for your situation.
What to know if you’re selling
Lead with the flexible board and the gardens. Pet- and pied-à-terre-friendly policies, financing up to 50%, and two private gardens are precisely the features buyers screen for on the avenue — they belong at the top of the story.
Sell the pedigree and the address. A Schwartz & Gross design on lower Park between 57th and 58th, with white-glove staffing, is a powerful, specific positioning — far stronger than generic pre-war language.
Benchmark within lower Park Avenue's full-service cooperatives. Price against comparable white-glove co-ops on the surrounding blocks; the buyer here is choosing pedigree, service, and a flexible board, and pricing should reflect that audience.
Comparable buildings
If you're considering 470 Park Avenue, also evaluate Park Avenue and Midtown East's full-service cooperatives:
- 475 Park Avenue — cooperative directly across the avenue
- 480 Park Avenue — Park Avenue cooperative nearby
- 500 Park Avenue — landmark Midtown East building
- 510 Park Avenue — full-service Park Avenue co-op
- 502 Park Avenue — Park Avenue cooperative to the north
- 515 Park Avenue — upper-tier Park Avenue residence
The Roebling Team at 470 Park Avenue
The Roebling Team at Compass specializes in Park Avenue and the broader Midtown East cooperative market — pre-war pedigree, white-glove operations, and the board policies that decide who can actually buy. We publish this profile because buyers and sellers evaluating a lower-Park-Avenue cooperative deserve building-specific intelligence rather than a generic listing description.
If you're weighing a purchase or sale at 470 Park, a 30-minute consultation is the right starting point.
Get the full picture on this building.
Current availability including off-market, the full comp set, and the board & financials read most listings don't show.