480 Park Avenue

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.

480 Park Avenue runs as a traditional full-service cooperative: full-time doormen, a concierge, and a resident building manager, supported by a well-kept physical plant. 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, and its policies reflect the deliberate posture of a top-tier Park Avenue co-op. Purchases require board approval, with a full board package and interview. Financing is limited to 50% of the purchase price — a conservative cap that screens for strong balance sheets and is typical of the avenue's better buildings. 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. Prospective buyers should expect the financial scrutiny and post-closing-liquidity expectations standard at cooperatives of this caliber.

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.

Market read. Most recent trades (2026) cleared a median $1,137/sf across 3 sales. Median listing discount 6.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01294-0033) 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.

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.

Lead with the pedigree. An Emery Roth 1929 building, pre-war proportions, fireplaces, and a small white-glove operation are the durable selling points — and the corner-of-58th location, at the cosmopolitan end of Park Avenue, broadens appeal beyond the traditional uptown co-op buyer. 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 prevents failed deals and keeps qualified buyers in the process. Condition and renovation drive premiums in pre-war stock — a thoughtfully presented apartment with intact original detail and updated systems will outperform.

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

The Roebling Team at Compass specializes in Park Avenue, Midtown East, Fifth Avenue, and the pre-war cooperative market. We publish this profile because buyers and sellers evaluating a building like 480 Park — an Emery Roth co-op at a prized corner — deserve building-specific intelligence: the architecture, the board policies, the unit composition, and where pricing sits against the rest of the avenue.

If you're weighing a purchase or sale at 480 Park Avenue, a 30-minute consultation is the right starting point — we'll walk the board process, the comparison set, and the right apartment with you.