500 Park Avenue
500 Park Avenue, New York, NY 10022
Midtown East
BBL 1012940037 · BIN 1036084
- Year built
- 1960
- Type
- Condominium
- Financing
- No building-imposed financing cap (condominium); financing is subject to lender underwriting.
- Subletting
- Leasing permitted (condominium); Board/association review applies.
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
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,552
- Listing discount
- 9.1%
- Recorded sales
- 45
- On record
- 2004–2026
500 Park Avenue pairs one of Midtown's most quietly influential modern landmarks with a discreet residential tower above it. The original eleven-story Pepsi-Cola Building, completed in 1960 to designs by Skidmore, Owings & Merrill, is a touchstone of postwar corporate modernism — a precise, almost weightless glass-and-aluminum curtain wall whose proportions and detailing (led by Natalie de Blois under Gordon Bunshaft) made it a model for the International Style on Park Avenue. The City designated it a landmark in 1995.
When the residential tower was added in 1984 — designed by James Stewart Polshek and Partners and set above and behind the protected base — it created the mixed-use condominium that exists today: commercial floors below, with full-floor and half-floor condominium residences above, drawing skyline and Central Park exposures from the upper levels. The result is a boutique-scaled condominium address at one of the Plaza District's most prominent corners, steps from the shops of 57th and 59th Streets and the southeast corner of Central Park.
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 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 →Management & transfer contacts
- Sublet policy
- Allowed
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Feb 25, 2026 | 15C | 1 BR · 1.5 BA · 1,060 sf | $1,185,000 | $1,118/sf | -5.2% |
| Feb 19, 2026 | 15E | 2 BR · 2.5 BA · 1,750 sf | $1,825,000 | $1,043/sf | -20.7% |
| Feb 28, 2025 | 24A | 3 BR · 3 BA · 2,670 sf | $2,950,000 | $1,105/sf | -10.6% |
| Nov 25, 2024 | 28A | 3 BR · 2.5 BA · 2,660 sf | $3,525,000 | $1,325/sf | -11.8% |
| Jun 11, 2024 | 16D | 3 BR · 2 BA · 1,708 sf | $1,675,000 | $981/sf | -23.7% |
| Feb 8, 2024 | 38A | 3 BR · 2.5 BA · 2,669 sf | $4,150,000 | $1,555/sf | -12.6% |
| Oct 13, 2023 | 34 | 2,655 sf | $7,500,000 | $2,825/sf | off-mkt |
| Aug 7, 2023 | 33A | 3 BR · 2.5 BA · 2,660 sf | $3,550,000 | $1,335/sf | -11.3% |
Market read. Most recent trades (2026) cleared a median $1,552/sf across 2 sales. Median listing discount 9.1% 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 1-01294-0037) 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 from recorded condo declarations and offering plans.
Comparable buildings
If you're considering 500 Park Avenue, also evaluate:
- 502 Park Avenue (Trump Park Avenue) — Goldner & Goldner's 1929 hotel converted to condominium; the immediate Park Avenue / 59th Street peer
- 510 Park Avenue — F.H. Dewey 1925 boutique prewar cooperative; nearby Park Avenue peer
- 530 Park Avenue — prewar-into-condominium tower; nearby Park Avenue peer
- 535 Park Avenue — Herbert Lucas 1910 boutique prewar cooperative; corner Park Avenue / 61st Street peer
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
Considering a move at The Pepsi-Cola Building?
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 The Pepsi-Cola Building 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.