470 Park Avenue
470 Park Avenue, New York, NY 10022
BBL 1012930037 · BIN 1036068
- Year built
- 1916
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Flip tax
- 3% of the purchase price, paid by the seller
- 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.
- 2BR median, 2025–2026
- $2.2M
- 3 qualifying sales
- Recent range
- $1M – $5M
- Listing discount
- 3.5%
- Recorded transfers
- 57
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 470 Park Avenue 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.
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.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 3% of gross consideration
- Rate
- 3% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Messenger Fees | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Recognition Agreement FeeConditionalConditions: If Financing | Paid by Buyer | When At closing | Amount $300 (if applicable) | Refundable Non-refundable |
| Managing Agent's FeeConditional | Paid by Shareholder | When At closing | Amount $900 (If Seller is an Individual) $1000 (If Seller is an Estate) | Refundable Non-refundable |
| New York State Transfer Tax StampsPer shareRequired | Paid by Shareholder | When At closing | Amount $0.05 per share | Refundable Non-refundable |
Sublet
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $550 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Subtenant | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Bedbug Disclosure Form Fee | Paid by Subtenant | When With the application | Amount $25 | Refundable Not stated |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Annual Sublet Fee, may be paid up front or on a monthly basisRecurring | Paid by Shareholder | When Upon approval | Amount Equal to twenty percent [20%] of the annual rental income or twenty five percent [25%] of the annual maintenance, whichever is the greater, for the apartment for each year of the term of an approved sublease | Refundable Non-refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Sublease Renewal Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Annual Sublet Fee, may be paid up front or on a monthly basisRecurring | Paid by Shareholder | When Upon approval | Amount __Equal to twenty percent [20%] of the annual rental income or twenty five percent [25%] of the annual maintenance, whichever is the greater, for the apartment for each year of the term of an approved sublease | Refundable Non-refundable |
Refinance
5 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Messenger Fees | Paid by Shareholder | When With the application | Amount $35 | Refundable Non-refundable |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Shareholder | When With the application | Amount $75 per applicant | Refundable Non-refundable |
| Messenger Fees | Paid by Shareholder | When With the application | Amount $35 | Refundable Non-refundable |
Ownership transfer
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Messenger Fee | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Guarantors
- Permitted with conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Co-purchasing
- Permitted with conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Parent buying for an employed child
- Permitted with conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Parent buying for a student child
- Permitted with conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- PermittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of September 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $795 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.38 per square foot a monthMedian of 3 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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Garden, bike storage, storageSource: 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
- $72,818/yr
- Per unit / month range
- $0 – $108
- Modeled exposure split equally across 56 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 filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 3% of gross consideration - paid by seller
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
Recent sales
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 | 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% | |
| Jun 12, 2025 | 9A | 2 BR · 2 BA · 1,700 sf | $2,200,000 | $1,294/sf | +0.0% |
| 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% |
| Aug 31, 2023 | 3CE | 3 BR · 4.5 BA · 3,000 sf | $4,950,000 | $1,650/sf | +0.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,436/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 5.3% 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 |
|---|---|---|
| Oct 2, 2003 | 2DE | $1,250,000 |
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 1-01293-0037). 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; square footage on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 470 Park Avenue and nearby.
At the recent median sale of $1.7M (4 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $31,550 to close, or 1.9% of the price.
- Mansion tax: $17,000
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 470 Park Avenue and its market
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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 these Park Avenue and Midtown East buildings, checking each ownership and service model:
- 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 — F.H. Dewey & Company's 1925 Park Avenue cooperative
- 502 Park Avenue — Park Avenue building to the north; verify its ownership and approval framework separately
- 515 Park Avenue — upper-tier Park Avenue residence
More Park Avenue buildings
- 77 Park Avenue (The Griffon) — 1924 condominium
- 80 Park Avenue — 1954 condominium by Paul Resnick
- Ritz Tower (465 Park Avenue) — 1926 condop by Emery Roth
- 475 Park Avenue — 1908 co-op
- 480 Park Avenue — 1929 co-op by Emery Roth
- 485 Park Avenue — 1922 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
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 470 Park Avenue?
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