50 Park Avenue
50 Park Avenue, New York, NY 10016
Murray Hill
BBL 1008670033 · BIN 1017205
- Year built
- 1940
- Type
- Cooperative
- Units
- 125
- Floors
- 17
- Landmark
- No
- Pets
- Permitted
Every recorded sale at this building, 2002–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $720K
- Recent range
- $468K – $1.6M
- Listing discount
- 2.0%
- Recorded transfers
- 120
50 Park Avenue is the architecturally most consequential Murray Hill Park Avenue cooperative and a structurally specific entry-tier building within the broader Park Avenue corridor. The 1940 commission by George Fred Pelham Jr. for developer Louis Cowan is one of three Pelham Jr. Park Avenue commissions of the late-pre-war 1939–1941 sub-era — alongside 785 Park Avenue in Lenox Hill (also 1940) and 1150 Park Avenue in Carnegie Hill (also 1940). The three buildings together represent a structurally distinct architectural-history moment within the broader Park Avenue cooperative tradition: the late-pre-war Pelham Jr. body of work that bridges the Candela / Carpenter / Schwartz & Gross 1920s boom and the post-WWII building cycle that would not resume until 1948.
50 Park's geographic position south of Grand Central distinguishes the building from the broader Park Avenue residential corridor concentrated between East 60th and East 91st Streets. The Murray Hill positioning produces a structurally specific cooperative-market identity: more accessible pricing, more permissive policy framework, and a substantially different buyer pool from the trophy pre-war Carnegie Hill and Lenox Hill cooperative tradition.
The 1972 cooperative conversion places 50 Park among the broader post-war Park Avenue rental-to-cooperative conversion wave that reshaped the corridor's ownership structure during the 1970s and 1980s. The conversion-era institutional history is structural to the building's contemporary cooperative culture.
Architecture and unit composition
The approximately 125 cooperative apartments distribute across the building's 17 stories. The unit mix skews to studios and one-bedrooms — a structurally unusual configuration for Park Avenue's white-glove stretch but consistent with Pelham Jr.'s late-pre-war Murray Hill planning approach.
Apartment-level features documented across the building's inventory carry the late-pre-war architectural fabric characteristic of the 1940 vintage: substantial ceiling heights for the era, formal entry arrangements, and the layout discipline of the late-1930s Park Avenue building cycle.
The architectural composition above the fourth-floor limestone bandcourse is deliberately unornamented — a stripped-Classical idiom structurally distinct from the more elaborate Italian Renaissance and neo-Georgian registers that defined the 1920s Park Avenue residential mainline. The architectural simplicity reflects both Pelham Jr.'s late-pre-war design vocabulary and the broader construction-economy realities of the 1939–1941 sub-era at the cusp of WWII.
Building operations
50 Park operates as a full-service cooperative with 24-hour doorman, live-in resident manager, central laundry, bike room, and basement storage lockers. The amenity infrastructure includes a rooftop garden with documented views of the Empire State Building, the Chrysler Building, Grand Central Terminal, and the broader Park Avenue corridor — a structural amenity feature meaningful to upper-floor and rooftop-access residents.
The cooperative policy framework is structurally permissive within the broader Park Avenue cooperative tier: 70 percent maximum financing (materially more accessible than the 40–50 percent typical of Carnegie Hill and Lenox Hill cooperatives), pet-friendly, pied-à-terre permitted. The combination supports a structurally specific buyer pool — first-time Manhattan cooperative buyers, family-supported buyers, pied-à-terre users, and buyers seeking Park Avenue address quality at materially more accessible price points than the surrounding pre-war trophy cooperative inventory.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $9,048/yr
- Per unit / month range
- $0 – $6
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 →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 |
|---|---|---|---|---|---|
| Jan 27, 2026 | 10F | 1 BR · 1 BA | $815,000 | +0.0% | |
| Jan 21, 2026 | 17A | 1 BR · 1 BA · 850 sf | $715,000 | $841/sf | -2.7% |
| Oct 28, 2025 | 5B | 1 BR · 1 BA | $720,000 | -1.4% | |
| Sep 24, 2025 | 15B | 1 BR · 1 BA | $662,500 | -1.9% | |
| Sep 9, 2025 | 2A | 1 BR · 1 BA | $600,000 | -6.3% | |
| Sep 8, 2025 | 12D | 1 BA | $490,000 | -2.0% | |
| Jun 10, 2025 | 4C | 2 BR · 1 BA | $860,000 | -3.9% | |
| Mar 11, 2025 | 14D | 1 BA · 585 sf | $480,000 | $821/sf | -11.9% |
Market read. Most recent trades (2026) cleared a median $849/sf across 1 sale. Median listing discount 2.0% 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 1-00867-0033) 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.
What to know if you’re buying
The Pelham Jr. late-pre-war architectural credential is real. Among three Pelham Jr. Park Avenue commissions of the 1939–1941 sub-era; the architectural pedigree connects 50 Park to 785 Park and 1150 Park within the broader Pelham Jr. body of work.
The Murray Hill geographic positioning is structural. South of Grand Central; not within the Carnegie Hill or Lenox Hill pre-war trophy cooperative concentration; pricing reflects the corridor positioning.
The 70 percent maximum financing is unusually permissive. Materially more accessible than typical Park Avenue cooperative norms; structurally supports a broader buyer pool.
The pied-à-terre allowance is meaningful. Most Park Avenue cooperatives require primary residence; 50 Park's permissive structure supports pied-à-terre use.
The studio-and-one-bedroom-dominant inventory is structural. The right building for entry-tier buyers; the wrong building for buyers seeking the larger classic-six and classic-seven pre-war configurations characteristic of trophy Park Avenue inventory.
The rooftop garden views are real. Empire State, Chrysler, Grand Central, and the broader Park Avenue corridor are documented visible amenities.
Verify operational specifics during due diligence. Specific board approval framework, sublet duration limits, flip tax structure, current capital project pipeline, and the LL11 façade cycle on the 1940 vintage should be reviewed against current management documents.
Closing timelines are cooperative-standard. Plan for 6–10 weeks from contract through board approval to closing.
What to know if you’re selling
Marketing should emphasize the Pelham Jr. architectural credential and the permissive policy framework. Both are structural identity features that distinguish the building from peer Murray Hill cooperative inventory.
The 70 percent financing accessibility expands the buyer pool meaningfully. Marketing should reach the broader Manhattan cooperative buyer demographic that peer trophy buildings do not support.
The pied-à-terre permission is a real buyer-pool-expansion feature. Pied-à-terre buyers — institutional, international, and second-residence — should be reached specifically.
Pricing should reference recent comparable closings on the specific apartment line. The studio-and-one-bedroom-dominant inventory produces meaningful variation across apartment configurations.
Closing timelines are cooperative-standard.
Comparable buildings
If you're considering 50 Park Avenue, also evaluate:
- 45 Park Avenue — Murray Hill condominium peer
- 71 Park Avenue — Murray Hill condominium peer
- 785 Park Avenue — Pelham Jr. 1940; same-architect Lenox Hill peer
- 1150 Park Avenue — Pelham Jr. 1940; same-architect Carnegie Hill peer
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 50 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 50 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.