500 Park Avenue
500 Park Avenue, New York, NY 10022
BBL 1012940037 · BIN 1036084
- Year built
- 1960
- Type
- Condominium
- Landmark status
- Individual landmark; not in a historic district
- NYC Landmarks Preservation Commission records, updated February 2026
- Leasing by owners
- Permitted
- Doorman
- Full-time doorman
- 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, 2026 to date
- $1,552
- floor-adjusted, 2 sales
- Listing discount
- 9.1%
- Recorded sales
- 45
- On record
- 2004–2026
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.
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.
Application and transaction fees
Fees below are from building management's published schedule, as of July 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.
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Not stated |
| Credit Check FeePer applicantRequired | Paid by Buyer | When With the application | Amount $120 per applicant | Refundable Not stated |
| Move In Fee | Paid by Buyer | When With the application | Amount $1,000 | Refundable Not stated |
| Move Out Fee | Paid by Landlord | When With the application | Amount $1,000 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $5,000 | Refundable Not stated |
| Move Out Deposit | Paid by Landlord | When With the application | Amount $5,000 | Refundable Not stated |
Rental or lease
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Annual Lease FeeRecurringRequired | Paid by Landlord | When With the application | Amount 3% rental fee | Refundable Not stated |
| Move Out Fee | Paid by Landlord | When With the application | Amount $1,000 | Refundable Not stated |
| Application Processing Fee | Paid by Tenant | When With the application | Amount $700 | Refundable Not stated |
| Background and Credit Check FeePer applicantRequired | Paid by Tenant | When With the application | Amount $120 per applicant | Refundable Not stated |
| Move In Fee | Paid by Tenant | When With the application | Amount $1,000 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Landlord | When With the application | Amount $5,000 | Refundable Not stated |
| Move In Deposit | Paid by Tenant | When With the application | Amount $5,000 | Refundable Not stated |
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.
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.
- Leasing by owners
- PermittedSource: building management's published schedule, as of July 2026
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,183 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.51 per square foot a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.90 per square foot a monthMedian of 5 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.74 per square foot a monthMedian of 5 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
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.
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).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Allowed
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| 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 to date) cleared a median $1,552/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. 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). 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 from recorded condo declarations and offering plans.
Closed rents at The Pepsi-Cola Building, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 3 bedroom | 2 | $25,500 |
3 closed leases, October 2023 to September 2026. Most recent lease June 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Pepsi-Cola Building and nearby.
At the recent median sale of $2.95M (4 sales since 2024), a buyer putting 25% down would pay about $118,911 to close, or 4.0% of the price.
- Mansion tax: $36,875
- Mortgage recording tax: $42,591
- Title insurance: $13,275
- Attorneys, lender, building fees, reserves and filings: $26,170
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
More Park Avenue buildings
- 475 Park Avenue — 1908 co-op
- 480 Park Avenue — 1929 co-op by Emery Roth
- 485 Park Avenue — 1922 co-op
- 502 Park Avenue (Trump Park Avenue) — 1929 condominium by Costas Kondylis & Partners
- 510 Park Avenue — 1925 co-op
- 515 Park Avenue — 2000 condominium by Frank Williams (Frank Williams & Associates)
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
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 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.
646.939.7375 · c.cohen@compass.com