480 Park Avenue
480 Park Avenue, New York, NY 10022
BBL 1012940033 · BIN 1036083
- Year built
- 1929
- 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
- Pets
- Pets permitted; species and limits not stated
- 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, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2026
- $1.8M
- 11 qualifying sales
- Recent range
- $799K – $4.5M
- Listing discount
- 7.7%
- Recorded transfers
- 143
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 480 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.
480 Park Avenue is one of the great white-glove cooperatives of lower Park Avenue — an Emery Roth building from 1929, the peak year of the avenue's pre-war boom, built for developer Sam Minskoff on the site of the former Hotel Clarendon. It sits at the corner of 58th Street, at the lower, more cosmopolitan end of Park Avenue where the residential avenue meets the Plaza District, and it has held its standing as a top-tier co-op for nearly a century.
Roth's hand is everywhere in the architecture. The buff-brick, limestone, and terra-cotta tower steps back in the asymmetrical, almost sculptural setbacks that became his signature — a massing that gives the building presence on the avenue and light and terraces to its upper floors. Inside, the residences carry the full pre-war vocabulary: high ceilings, gracious proportions, and the kind of layout discipline that made Roth's apartments the standard against which others were measured.
For buyers, the appeal is the classic Park Avenue case made at a comparatively intimate scale: a full-service, board-run cooperative of just 134 homes, with the staffing, discretion, and quality of construction that define the avenue, in a building small enough to feel personal. It is pre-war Park Avenue living without the size of a 200-unit tower.
Architecture and unit composition
The building is a textbook Emery Roth composition: a masonry base rising to a setback crown, detailed in limestone and terra cotta against buff brick, with one of the grander residential lobbies on the avenue. The three elevator banks divide the building into intimate vertical neighborhoods, with semi-private elevator vestibules serving the apartments.
The 134 residences are pre-war in the fullest sense — many feature 10-foot ceilings, wood-burning fireplaces, separate service entries, and the formal layout of entry gallery, scaled living and dining rooms, and bedroom wings that buyers seek on Park Avenue. Upper-floor homes benefit from Roth's setbacks, with light, air, and in some cases terraces. The mix runs from generous classic-sixes and -sevens up to large full-floor and combination residences, giving the building both a steady mid-market and a genuine trophy tier.
Building operations
480 Park Avenue runs as a traditional full-service cooperative: full-time doormen, a concierge, and a resident building manager. Amenities are pre-war-appropriate rather than amenity-tower extensive — a fitness room, a landscaped roof deck, a laundry room, and private storage — the package buyers of this generation of building expect.
As a cooperative, the building is board-governed. Purchases require board approval, with a full board package and interview. Financing is limited to 50% of the purchase price. A flip tax of 2% applies, paid by the buyer. Pets are considered on a case-by-case basis. Pied-à-terre ownership is permitted at the building — a meaningful flexibility that not every Park Avenue co-op extends. Confirm the building's current liquidity, ownership, occupancy and subletting requirements from its governing documents and application instructions.
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
- 2% of the gross purchase price
- Rate
- 2% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of September 2026
Purchase
11 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $500 or $1,000 (Trust Purchase - if permitted by Corporation) | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant or Guarantor | Refundable Not stated |
| Appraisal Research and Co-op SupplementConditional | Paid by Buyer | When With the application | Amount $250 (if financing) | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When With the application | Amount $300 (if financing) | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Legal FeeConditional | Paid by Buyer | When At closing | Amount TBD (if financing) | Refundable Not stated |
| Move In Fee | Paid by Buyer | When At closing | Amount $500 | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Move Out Fee | Paid by Seller | When At closing | Amount $500 | 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 |
Refinance
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Appraisal Research and Co-Op Supplement/Certification Fee | Paid by Shareholder | When With the application | Amount $250 | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Shareholder | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Financing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Contact Transfer Agent for fee schedule | 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 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
- Not permittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- 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
- 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
- $638 per room a monthMedian of 19 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.24 per square foot a monthMedian of 10 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
- Concierge
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, roof deck, 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
- $165,002/yr
- Per unit / month range
- $0 – $103
- Modeled exposure split equally across 134 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 FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
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 2025–30. 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
- Sublet policy
- Not 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 |
|---|---|---|---|---|---|
| Aug 26, 2026 | 15E | 3 BR · 3 BA · 2,500 sf | $3,250,000 | $1,300/sf | -7.0% |
| Aug 7, 2026 | 14B | 4 BR · 4 BA · 3,300 sf | $4,250,000 | $1,288/sf | -5.6% |
| May 20, 2026 | 15D | 2 BR · 2 BA · 1,500 sf | $1,550,000 | $1,033/sf | +3.3% |
| May 19, 2026 | 16D | 2 BR · 2 BA | $1,925,000 | +8.5% | |
| Feb 11, 2026 | 10D | 2 BR · 2 BA · 1,400 sf | $1,775,000 | $1,268/sf | +0.0% |
| Feb 11, 2026 | 9D | 2 BR · 2 BA · 1,500 sf | $1,495,000 | $997/sf | +0.0% |
| Aug 26, 2025 | 20D | 2 BR · 2 BA · 1,500 sf | $1,402,000 | $935/sf | +7.8% |
| Jun 11, 2025 | 10E | 2 BR · 2.5 BA | $1,800,000 | -18.2% |
Market read. Most recent trades (2026 to date) cleared a median $1,243/sf (floor-adjusted) across 5 sales. 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 4.4% 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 |
|---|---|---|
| Nov 23, 2004 | 17J | $675,000 |
| Nov 4, 2004 | 14G | $1,675,000 |
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 1-01294-0033). 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 480 Park Avenue and nearby.
At the recent median sale of $1.8M (13 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $67,050 to close, or 3.7% of the price.
- Mansion tax: $18,000
- 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 September 2026: $36,000
- Attorneys, lender, building fees and filings: $13,050
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 480 Park Avenue and its market
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What to know if you’re buying
This is a classic Park Avenue cooperative, and buyers should approach it as one. Plan for the board process — a complete package and interview — and for the 50% financing cap, which requires substantial equity and post-closing liquidity. Budget the 2% flip tax, payable by the buyer at closing. Pets are case-by-case, and pied-à-terre purchases are permitted, which widens the buyer pool relative to stricter co-ops. The reward is genuine: Emery Roth pre-war construction, 10-foot ceilings and wood-burning fireplaces, a small and well-run building, and a corner address at the lower, most central stretch of Park Avenue. We help buyers assemble a board package that presents well, read the building's financials, and target the lines and floors that hold value.
What to know if you’re selling
Lead with the pedigree. An Emery Roth 1929 building, pre-war proportions, fireplaces, and a small white-glove operation are the durable selling points; the corner-of-58th location is another attribute to compare with specific alternatives, without inferring the buyer audience. Price to the lower-Park-Avenue pre-war market, with the building's intimate scale and amenity set as differentiators. Prepare the buyer for the board: surfacing the financing cap, flip tax, and package expectations early reduces the risk of a failed deal, though board approval is never assured. Compare condition and renovation through matched sales. Intact original detail and updated systems are features to document, but do not guarantee a premium or outperformance.
Comparable buildings
If you're considering 480 Park Avenue, also evaluate other lower- and mid-Park Avenue cooperatives and towers:
- 500 Park Avenue — Park Avenue building a block north
- 510 Park Avenue — pre-war Park Avenue cooperative nearby
- 515 Park Avenue — full-service Park Avenue residence
- 520 Park Avenue — Robert A.M. Stern limestone tower on the avenue
- 485 Park Avenue — pre-war Park Avenue cooperative peer
More Park Avenue buildings
- Ritz Tower (465 Park Avenue) — 1926 condop by Emery Roth
- 470 Park Avenue — 1916 co-op by Schwartz & Gross
- 475 Park Avenue — 1908 co-op
- 485 Park Avenue — 1922 co-op
- 500 Park Avenue — 1984 condominium
- 502 Park Avenue (Trump Park Avenue) — 1929 condominium by Costas Kondylis & Partners
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 480 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