- Year built
- 1922
- Type
- Cooperative
- Units
- 23
- Floors
- 14
- 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 with conditions
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Maximum financing
- 50% of the purchase price
- Flip tax
- Tiered or formula; see fees
- Doorman
- Full-time doorman
- 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
- $2.5M
- Recent range
- $1.6M – $11M
- Listing discount
- -8.2%
- Recorded transfers
- 22
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.
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. 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
- 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.
Policy framework
Verified across architectural coverage, Compass building data, and listing records with policy cross-confirmation:
- Type: Cooperative — board interview required
- Pets: Welcomed
- Pied-à-terre: Permitted with approval (a flexible posture rare for a 23-unit prewar)
- Subletting: Restricted per typical coop bylaw (verify duration limits)
- Financing maximum: 50% (a recent policy change from the historically more restrictive prewar Park Avenue norm)
- Flip tax: Verify with managing agent at offer stage
- Trust ownership: Permitted with board review
- LLC ownership: Not typical
- Foreign buyer: Possible with substantial board diligence
- Post-closing liquidity: Substantial Park Avenue reserves typical (3x to 5x annual maintenance customary)
- Board interview: Required; full financial and personal-reference disclosure
The 50% financing maximum is a recent policy update that materially expands the building's buyer pool. Combined with the permitted-with-approval pied-à-terre posture, the policy framework is structurally more flexible than peer 1922-vintage Park Avenue cooperatives.
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 2.5% of the Gross Proceeds of Sale
- 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 FeeRequired | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Bedbug Disclosure Form Fee | Paid by Buyer | When With the application | Amount $25 | Refundable Not stated |
| Messenger Fee | 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 Fee | Paid by Shareholder | When At closing | Amount $900 (Shareholder is an Individual) or $1000 (Shareholder is an Estate) | Refundable Non-refundable |
| New York State Stamp TaxPer share | Paid by Shareholder | When At closing | Amount $0.05 per share | Refundable Non-refundable |
| Fidelifact Background Check FeeConditional · Per applicantRequired | Paid by Buyer | When With the application | Amount $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants | Refundable Non-refundable |
Sublet
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Subtenant | When With the application | Amount $550 | Refundable Non-refundable |
| Bedbug Disclosure Form Fee | Paid by Subtenant | When With the application | Amount $25 | Refundable Not stated |
Refinance
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Messenger Fee | 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
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of September 2026
- Guarantors
- Permitted with conditionsConsidered on a case by case basis.Source: building management's published schedule, as of September 2026
- Co-purchasing
- Permitted with conditionsConsidered on a case by case basis.Source: building management's published schedule, as of September 2026
- Parent buying for an employed child
- Permitted with conditionsConsidered on a case by case basis.Source: building management's published schedule, as of September 2026
- Parent buying for a student child
- Permitted with conditionsConsidered on a case by case basis.Source: 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
- Permitted with conditionsConsidered on a case by case basis.Source: 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 square foot
- $2.37 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
- Concierge
- YesSource: 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
- Garage, 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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 engineer 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 — 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. City record last verified September 2026.
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, 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 16, 2026 | 4B | 3 BR · 3 BA | $2,700,000 | +8.2% | |
| 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% |
Market read. Most recent trades (2026 to date) cleared a median $1,044/sf (recorded) across 1 sale. Median listing discount 4.0% 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). 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 485 Park Avenue and nearby.
At the recent median sale of $2.7M (3 transfers since 2024), a buyer putting 25% down would pay about $48,300 to close, or 1.8% of the price.
- Mansion tax: $33,750
- 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.
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Notable residents
The building has maintained a private posture; no widely-reported celebrity sales surface in public press to date. The 23-unit scale and 1922 vintage place 485 Park among Park Avenue's most genuinely boutique addresses — a profile that historically attracts discretion-prioritizing finance and old-line New York family residents rather than entertainment-industry buyers.
What to know if you’re buying
The 1922 vintage and boutique 23-unit scale are structurally distinguishing. Among the earliest pure-prewar Park Avenue cooperatives; the unit count places 485 Park in the most boutique tier of the corridor.
The recently updated 50% financing policy is materially advantageous. Prior to the update, financing on Park Avenue prewar cooperatives was historically capped at 25% to 40%; the 50% policy materially expands the buyer pool.
The permitted-with-approval pied-à-terre posture is uncommon for a Park Avenue prewar coop of this scale. Plan for board review of any pied-à-terre use case at the application stage.
The full-floor combination option (A + B for ~4,000 sf) is structurally available. This produces meaningful upside for buyers seeking trophy full-floor configurations at a more accessible scale than peer Carnegie Hill / 79th Street prewar inventory.
The private per-apartment storage is a real amenity at this unit count. Verify storage allocation transfers with the apartment.
The boutique 23-unit scale produces strong board posture and substantial liquidity requirements. Plan for full financial and personal-reference disclosure at application; substantial post-closing reserves typical of Park Avenue white-glove cooperatives apply.
Verify the windows during walkthrough. Window-replacement history varies across the inventory; some apartments carry original-vintage configuration, others modernized.
Closing timelines are cooperative-standard. Plan for 6 to 10 weeks from contract through board approval to closing.
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 apartment-level comparables. The relevant comparable is the same line, A or B, adjusted for floor and condition, not a building-wide average.
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.
More Park Avenue buildings
- 470 Park Avenue — 1916 co-op by Schwartz & Gross
- 475 Park Avenue — 1908 co-op
- 480 Park Avenue — 1929 co-op by Emery Roth
- 500 Park Avenue — 1960 condominium by Skidmore, Owings & Merrill
- 502 Park Avenue (Trump Park Avenue) — 1929 condominium by Costas Kondylis & Partners
- 510 Park Avenue — 1925 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 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.
646.939.7375 · c.cohen@compass.com