485 Park Avenue
485 Park Avenue, New York, NY 10022
Midtown East
BBL 1013130001 · BIN 1037163
- Year built
- 1922
- Type
- Cooperative
- Units
- 23
- Floors
- 14
- Flip tax
- A flip tax applies; confirm the rate at the offer stage.
- Financing
- Up to 50% financeable (50% minimum down).
- Subletting
- Permitted with Board approval. Short-term rentals and AirBnB are not permitted.
- Pied-à-terre
- Permitted.
- Washer / dryer
- Permitted in-unit.
- Pets
- Permitted, subject to Board approval.
- Co-purchasing
- Permitted. Parents purchasing for children permitted.
- Guarantors
- Permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $2.1M
- Recent range
- $1.6M – $11M
- Listing discount
- 4.2%
- Recorded transfers
- 20
485 Park Avenue is one of the earliest pure-prewar Park Avenue cooperatives — built in 1922 by Dwight P. Robinson & Co. at the very beginning of the great Park Avenue prewar construction cycle, three to four years before Rosario Candela's debut and the Cross & Cross luxury wave. Together, a handful of qualities make it one of the most architecturally elegant and operationally flexible boutique addresses on Park Avenue south of 60th Street. That 1922 vintage places 485 Park in the first generation of purpose-built luxury cooperatives on the corridor, alongside the earliest J.E.R. Carpenter and George Pelham work. The boutique 23-unit scale keeps it intimate — just 23 apartments across 14 floors, two to a floor, with the option to combine the A and B lines into a full floor of roughly 4,000 square feet. And the building's policy flexibility is unusual for the address: pied-à-terre ownership is permitted with board approval (a posture rare for Park Avenue cooperatives), pets are welcome, and financing of up to 50% is now allowed — a recent change from the historically more restrictive 25%-40% prewar Park Avenue norm.
The location at the northeast corner of 58th Street and Park Avenue is among the most central on the corridor — immediately south of Trump Park Avenue at 502 Park and across from the Lever House / Seagram Building corporate Madison Avenue corridor.
Architecture and unit composition
Built in 1922 by Dwight P. Robinson & Co. — a prominent 1920s NYC builder — 485 Park Avenue replaced some pre-existing garages on the site. The building's 1922 vintage places it at the very beginning of the great Park Avenue prewar construction cycle, three to four years before Rosario Candela's debut and the Cross & Cross luxury wave.
The architectural posture is deliberately restrained: a three-story rusticated limestone base, light-beige brick above, canopied entrance with bronze doors, and landscaped sidewalks. public records described it (December 23, 2011) as a "handsome, 14-story building" with a "superb location" and a "very elegant" lobby — though noting "inconsistent fenestration and some protruding air-conditioners." The building was converted to cooperative ownership in 1945, placing it in the earliest postwar conversion wave that swept Park Avenue from the late 1940s through the 1960s. The corporate name 58th and Park Avenue, Inc. has been the holding entity since conversion.
The unit configuration is structurally elegant: two apartments per floor with the option to combine A and B for a full floor. The A line is an 8-room / 3-bath layout with 3 or 4 bedrooms plus 2 servant's rooms. The B line is a 7-room / 3-bath layout with 2 or 3 bedrooms plus 1 servant's room. The servant's-room configuration is consistent with the building's 1922 vintage and the staffed-household standard of early-prewar Park Avenue — though most servant's rooms have been incorporated into family-living configurations over the past several decades.
Building operations
485 Park operates as a full-service Midtown East cooperative with the following operational baseline:
- Full-time doorman and attended lobby
- Concierge (per public records amenity list)
- Live-in resident manager
- Private storage for each apartment (a notable amenity for a 23-unit prewar)
- Bicycle storage
- Elevator (manual elevator with operator was historically standard; verify current configuration)
- No balconies; no health club / fitness center; no on-site garage
The building's operational posture is calibrated to its boutique 23-unit scale — white-glove service and discretion over amenity-maximalism. The per-apartment private storage is a real differentiator at this unit count.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials 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 →Management & transfer contacts
- Flip tax
- 2.5% of gross sales price
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
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 14, 2026 | 1B | 3 BR · 3.5 BA · 2,394 sf | $2,500,000 | $1,044/sf | +25.0% |
| Dec 18, 2025 | 11 | 4 BR · 4.5 BA · 5,500 sf | $5,300,000 | $964/sf | -3.5% |
| Dec 1, 2022 | 2A | 4 BR · 3.5 BA | $2,900,000 | -6.5% | |
| Apr 26, 2021 | 14 | 4 BR · 4.5 BA | $5,500,000 | -8.3% | |
| Jan 9, 2020 | 9A | 3 BR · 3.5 BA · 2,500 sf | $2,425,000 | $970/sf | -18.9% |
| Feb 2, 2017 | 7B | 3 BR | $3,850,000 | -3.6% | |
| Dec 20, 2016 | 4A | 3 BR | $3,000,000 | -23.1% | |
| Oct 20, 2014 | 9B | 3 BR · 2,680 sf | $3,538,406 | $1,320/sf | +1.1% |
Market read. Most recent trades (2026) cleared a median $1,044/sf across 1 sale. Median listing discount 4.2% 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.
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 1-01313-0001) 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 selling
Marketing should emphasize the updated 50% financing policy and the permitted pied-à-terre posture. Both are structural advantages over peer 1922-vintage Park Avenue cooperative inventory.
The Dwight P. Robinson developer pedigree and the 1922 vintage are real institutional context. Position accordingly.
The boutique 23-unit scale and the A-line / B-line full-floor combination option are marketable structural features. Reference in positioning materials.
Pricing should reference the recent ~$660 per square foot public records closing data and the 1B listing at $2,000,000. Apartment-line-specific comparables should anchor positioning.
Closing timelines are cooperative-standard.
Comparable buildings
If you're considering 485 Park Avenue, also evaluate:
- 502 Park Avenue (Trump Park Avenue) — Goldner & Goldner 1929 hotel / Kondylis 2005 condominium; immediate Park Avenue / 59th Street peer
- 510 Park Avenue — F.H. Dewey 1925 boutique prewar coop; immediate Park Avenue / 60th-61st area peer
- 530 Park Avenue — Pelham Jr. 1940 / Aby Rosen 2013 condominium conversion; immediate Park Avenue / 61st Street peer
- 535 Park Avenue — Herbert Lucas 1910 boutique prewar coop; immediate Park Avenue / 61st Street peer
- 500 Park Avenue — Pei Cobb Freed condominium tower; immediate Park Avenue / 59th Street area peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
The neighborhood
For the full corridor — architecture, schools, 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.
Considering a move at 485 Park Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 485 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.