- Year built
- 1908
- 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
- Not permitted
- Pied-à-terre
- Permitted
- Dogs and cats
- Not permitted
- Maximum financing
- 50% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the buyer
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2025
- $643K
- 4 qualifying sales
- Recent range
- $560K – $3.8M
- Listing discount
- 6.9%
- Recorded transfers
- 69
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 475 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.
475 Park Avenue occupies one of the most coveted stretches of the avenue — the lower Park Avenue blocks between 57th and 58th Streets, the seam where Park's residential grandeur meets Midtown East's commercial heart, on the same block as some of the city's most storied hotels and restaurants. The site itself carries history: it once belonged to William Randolph Hearst, and the Aluminum Company of America nearly built its New York headquarters here before the plan collapsed. The land was eventually developed for residential use, and the building New Yorkers know today — the white-brick structure designed by Charles N. and Selig Whinston — became a cooperative in 1959.
What distinguishes 475 Park is the level of service. This is a white-glove cooperative in the fullest sense, staffed with full-time doormen, elevator operators, and a live-in resident manager — a fully attended operation. At 62 residences across 14 stories, it is intimate in scale.
For buyers, 475 Park is lower-Park-Avenue living with genuine white-glove staffing — a refined, well-run cooperative at one of Manhattan's most central prestige addresses.
Architecture and unit composition
The building dates to 1908 and was reworked into the white-brick form it carries today, with the apartments reconfigured over time from the original duplex-heavy plan into the simplex layouts that make up the present cooperative. The aesthetic is restrained and dignified — a clean white-brick street wall, an attended canopied entrance, and a lobby that recalls the grandeur of an earlier era.
Inside, the 62 residences reflect the building's evolution: gracious, well-proportioned rooms, with the layout logic and solidity of a building rebuilt for serious cooperative living. The mix runs from comfortable apartments to larger family homes on the upper floors, where light and Park Avenue outlook improve. As with any pre-war cooperative of this caliber, individual homes vary in renovation level and exposure, and the larger and higher residences command the top of the building's range.
Building operations
475 Park is run as a full-service, white-glove cooperative: full-time doormen, elevator operators, and a live-in resident manager provide the attentive, continuous service that defines lower Park Avenue. Private storage and central laundry serve residents, and the building's gracious lobby sets the tone. A purchase proceeds through the cooperative's application and board interview, with financing available within the building's guidelines. The hallmark here is service — the kind of attended, personal operation that is increasingly rare and that owners on this stretch of the avenue prize.
Application and transaction fees
Fees below are from building management's published schedule, as of July 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
- 2% of purchase price
- Rate
- 2% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of July 2026
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Not stated |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $120 per person | Refundable Not stated |
| Administrative Fee | Paid by Buyer | When At closing | Amount $25 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount 400 (if financing) | Refundable Not stated |
| Administrative Fee | Paid by Seller | When At closing | Amount $25 | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $850 plus $0.05 per share | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
| Trust Purchase | Paid by Seller | When At closing | Amount $1,000 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move in Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable Refundable |
Sublet
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Corporate Sublet FeeRecurring | Paid by Shareholder | When With the application | Amount 10% of annual maintenance | Refundable Not stated |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $700 | Refundable Not stated |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $120 per person | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move in Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
Refinance
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $450 | Refundable Not stated |
| Credit Check FeePer applicant | Paid by Shareholder | When With the application | Amount $100 per applicant | Refundable Not stated |
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
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of July 2026
- Guarantors
- Not permittedSource: building management's published schedule, as of July 2026
- Co-purchasing
- Not permittedSource: building management's published schedule, as of July 2026
- Parent buying for an employed child
- Not permittedSource: building management's published schedule, as of July 2026
- Parent buying for a student child
- Not permittedSource: building management's published schedule, as of July 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of July 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
- Not permittedSource: building management's published schedule, as of July 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of July 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of July 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
- Dogs and cats
- Not permittedSource: building management's published schedule, as of July 2026
- 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.
Monthly carrying charges in recent sales
- Maintenance, per room
- $838 per room 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
- Attended lobby
- YesSource: 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
- 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
- $68,635/yr
- Per unit / month range
- $0 – $92
- Modeled exposure split equally across 62 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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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 |
|---|---|---|---|---|---|
| Jul 15, 2026 | 4D | 2 BR · 2 BA · 1,420 sf | $1,350,000 | $951/sf | -6.9% |
| Jul 13, 2026 | 8A | 2 BR · 2.5 BA | $2,200,000 | -10.2% | |
| Jul 6, 2026 | 7A | 3 BR · 3 BA | $1,625,000 | -18.5% | |
| Oct 27, 2025 | 15A | 3 BR · 3 BA | $3,495,000 | -6.8% | |
| Jul 30, 2025 | 11E | 1 BR · 1 BA · 890 sf | $650,000 | $730/sf | -6.5% |
| May 7, 2025 | 12A | 3 BR · 3 BA · 2,250 sf | $3,250,000 | $1,444/sf | +0.0% |
| Oct 28, 2024 | 10A | 4 BR · 4 BA | $3,795,000 | -20.1% | |
| May 30, 2024 | 14B | 1 BR · 2 BA | $970,000 | -30.5% |
Market read. Most recent trades (2026 to date) cleared a median $1,216/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 6.9% 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 |
|---|---|---|
| Apr 13, 2006 | 9C | $995,000 |
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 1-01312-0069). 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 475 Park Avenue and nearby.
At the recent median sale of $1.91M (6 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $70,706 to close, or 3.7% of the price.
- Mansion tax: $19,125
- No mortgage recording tax or title insurance on a co-op purchase
- Building transfer fee (flip tax), 2% of the purchase price, paid by the buyer per building management's published schedule, as of July 2026: $38,250
- Attorneys, lender, building fees and filings: $13,331
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit. Confirm the current transfer fee with building management; the linked calculator does not include it.
Keep up with 475 Park Avenue and its market
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What to know if you’re buying
You're buying white-glove service at a marquee Park Avenue location. Full-time doormen, elevator operators, and a live-in resident manager are the substance of the building's value — continuous, attended service of a kind that fewer and fewer buildings still provide.
The address does real work. Lower Park between 57th and 58th is among the most central prestige locations in Manhattan, steps from the avenue's finest hotels and minutes from both Midtown's offices and the Upper East Side's culture.
Diligence is co-op-standard, and this is a serious board. Expect a thorough board package and interview, financing within the building's guidelines, and review of the cooperative's financials and reserves — appropriate for a white-glove house of this standing. Confirm the building's current policies on the points that matter to you.
What to know if you’re selling
Lead with service and address. The elevator-operator, live-in-manager, white-glove operation and the lower-Park-Avenue location are the headline advantages — they distinguish 475 Park from buildings with thinner staffing.
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 service and location, and pricing should reflect that audience.
Establish current competition. The 62-home count does not establish turnover or scarce supply; compare actual listings and dated transactions before positioning the specific apartment.
Comparable buildings
If you're considering 475 Park Avenue, also evaluate these Park Avenue and Midtown East buildings, checking each ownership and service model:
- 470 Park Avenue — pre-war cooperative directly across the avenue
- 480 Park Avenue — Park Avenue cooperative nearby
- 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
- 500 Park Avenue — landmark Midtown East building
- 515 Park Avenue — upper-tier Park Avenue residence
More Park Avenue buildings
- 80 Park Avenue — 1954 condominium by Paul Resnick
- Ritz Tower (465 Park Avenue) — 1926 condop by Emery Roth
- 470 Park Avenue — 1916 co-op by Schwartz & Gross
- 480 Park Avenue — 1929 co-op by Emery Roth
- 485 Park Avenue — 1922 co-op
- 500 Park Avenue — 1984 condominium
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 475 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