515 Park Avenue
515 Park Avenue, New York, NY 10022
Lenox Hill, Upper East Side
BBL 1013947501 · BIN 1041908
- Year built
- 2000
- Type
- Condominium
- Units
- 36
- Floors
- 43
- Landmark
- No
- Pets
- Permitted under condominium rules
- Pied-à-terre
- Allowed
- Financing
- No building-imposed financing cap (condominium); financing is subject to lender underwriting.
- Subletting
- Leasing permitted (condominium).
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
- $2,659
- Listing discount
- 13.6%
- Recorded sales
- 61
- On record
- 2004–2026
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A Private Pricing Opinion — what your apartment at 515 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.
515 Park Avenue is the building that established the modern Zeckendorf trophy condominium template. Completed in 2000, 515 Park was the Zeckendorf brothers' first major new-construction luxury condominium project on Park Avenue itself — and the design-development pairing of Zeckendorf with architect Frank Williams produced a building that meaningfully extended the Park Avenue luxury residential tradition into the new-construction condominium format.
The building's design argument is the precursor to the broader "pre-war classical executed at modern engineering scale" thesis that would become the Zeckendorf signature. At 515 Park, Frank Williams' design references the surrounding Park Avenue pre-war cooperative inventory through limestone cladding, brick body, classical detailing, and the apartment-house scale that the pre-war Park Avenue tradition pioneered. The building's 43-story height and 36-residence configuration produced apartments substantially larger than typical modern condominium scales — most units are full-floor or half-floor configurations exceeding 5,000 sf, approaching the pre-war full-floor cooperative experience.
The building's role in the modern Manhattan luxury condominium market is structural. The Zeckendorf-Williams pairing at 515 Park established several conventions that would subsequently define the modern Park-Fifth-CPS-CPW trophy condominium corpus:
- Small unit counts (36 at 515 Park; 202 at 15 CPW; 33 at 520 Park; 100 at 220 CPS) — meaningfully smaller than supertall peers (One57: 92; 432 Park: 147; Central Park Tower: 179)
- Large apartment scales approaching pre-war full-floor cooperative configurations
- Pre-war-styled architectural language rather than glass-curtain-wall modernism
- Limestone (and limestone-detailed brick) cladding rather than precast concrete or glass
- Intimate amenity programs rather than maximalist supertall amenity floors
The 8-year gap between 515 Park (2000) and 15 Central Park West (2008) is structural: 15 CPW is widely viewed as the modern condominium building that opened the trophy era, but 515 Park was the structural precursor — established by the same Zeckendorf development team and a sympathetic architectural firm (Frank Williams in place of Robert A.M. Stern Architects at 15 CPW).
For buyers, 515 Park represents a particular position in the modern condominium market: the earliest new-construction Park Avenue trophy condo, intimate 36-residence scale, mostly full-floor configurations, central Park Avenue / 60th Street positioning at the seam between the Gold Coast Lenox Hill corridor and the Plaza District / Midtown East luxury hospitality cluster (Sherry-Netherland, The Pierre, The Plaza, Plaza Athénée).
Architecture and unit composition
The 36 condominium residences distribute across the 43-story tower with substantial floor plates. The mostly full-floor and half-floor configurations produce apartments substantially larger than typical modern condominium configurations — most units exceed 5,000 sf and many include private elevator vestibules. Upper-floor configurations and penthouses include terraces and exceptional view altitudes.
Frank Williams' signatures throughout: substantial ceiling heights, formal entry galleries, library-living combinations, primary suites with full closet and dressing infrastructure, formal dining rooms with butler's pantries, service wings — the pre-war architectural vocabulary executed with modern building systems and finishes.
The limestone-clad lower floors and limestone-detailed brick body above place 515 Park in the same material-specification tradition as 740 Park (pre-war) and 520 Park (modern). The building's facade is meaningfully more substantial than glass-curtain-wall peers.
View altitude is exceptional at the upper floors — looking north across Central Park, east across the East 60s, south across Midtown, west across Fifth Avenue and the Plaza District.
Building operations
515 Park operates as a luxury condominium with 24-hour doorman, concierge, valet parking, and the standard luxury-condo amenity package (fitness center, pool, spa, residents' lounge, private dining, screening room, library). The amenity program is appropriately scaled to the building's 36-residence count — intimate rather than maximalist.
Common charges and property taxes are substantial. A 5,000 sf full-floor apartment carries combined common charges and property taxes in the $15,000–$25,000+ monthly range depending on specific configuration and assessment.
The 36-unit scale produces moderate annual transaction volume.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $43,684/yr
- Per unit / month range
- $0 – $64
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 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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Not allowed
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Aug 19, 2026 | 6A | 3 BR · 3.5 BA · 2,520 sf | $6,700,000 | $2,659/sf | -10.6% |
| Jan 15, 2025 | 8A | 3 BR · 3.5 BA · 2,520 sf | $5,300,000 | $2,103/sf | -19.7% |
| Nov 25, 2024 | 15 | 7 BR · 7 BA · 6,514 sf | $20,000,000 | $3,070/sf | -20.0% |
| May 1, 2024 | 34 | 4 BR · 4,927 sf | $14,500,000 | $2,943/sf | off-mkt |
| Jul 24, 2023 | 18 | 3 BR · 4 BA · 3,257 sf | $13,500,000 | $4,145/sf | -3.5% |
| Jun 30, 2023 | 12AB | 6 BR · 6.5 BA · 5,000 sf | $12,000,000 | $2,400/sf | -20.0% |
| Mar 2, 2023 | 34 | 5 BR · 4 BA · 5,000 sf | $14,500,000 | $2,900/sf | -24.7% |
| Dec 14, 2020 | 6A | 3 BR · 3.5 BA · 2,520 sf | $5,450,000 | $2,163/sf | -9.1% |
Market read. Most recent trades (2026) cleared a median $2,659/sf across 1 sale. Median listing discount 13.6% 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 1-01394-7501) 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.
At the recent median sale of $6.7M (3 sales since 2024), a buyer putting 25% down would pay about $317,301 to close, or 4.7% of the price.
- Mansion tax: $150,750
- Mortgage recording tax: $96,731
- Title insurance: $30,150
- Attorneys, lender, building fees, reserves and filings: $39,670
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The 2000 vintage is structurally distinctive. 515 Park pre-dates the broader modern trophy condominium era by 8+ years. Buyers should understand the building is older than peer supertall and pre-war-styled condominiums — but the build quality and Zeckendorf development standard are consistent with the subsequent Zeckendorf body of work.
The 36-unit scale produces an unusually intimate buyer pool. Closer to a pre-war Gold Coast cooperative experience than a typical modern condominium. Limited inventory means slower turnover.
Apartment scale approaches pre-war full-floor configurations. Most units are 5,000+ sf full-floor or half-floor layouts. Buyers should evaluate apartments at this scale rather than indexing against 1,500–3,000 sf supertall standards.
Condo flexibility is real. 30–45 day closings; foreign buyers welcome; pied-à-terre and investment use permitted; subletting allowed.
Confirm specific policies directly with management. Current building condition, pet policy details, sublet specifics, common charge levels, and capital expenditure pipeline should be verified during contract review.
What to know if you’re selling
Marketing should emphasize the Zeckendorf legacy. Listing copy should reference the Zeckendorf-Williams pairing, 515 Park's position as the precursor to the broader modern trophy condo era, the intimate 36-unit scale, and the full-floor apartment configurations.
Pricing requires apartment-level context. The small inventory means comparable analysis depends on small samples; floor altitude, exposure, and configuration drive substantial pricing variation.
Closing timelines are condo-fast. 30–45 days from contract signing to closing.
Comparable buildings
If you're considering 515 Park Avenue, also evaluate:
- 15 Central Park West — Zeckendorf-Stern 2008; CPW positioning, ~202 units
- 520 Park Avenue — Zeckendorf-Stern 2018; Park Ave Gold Coast supertall, 33 units
- 220 Central Park South — Zeckendorf-Stern 2018; CPS positioning
- 740 Park Avenue — Candela/Cross & Cross 1930; pre-war Gold Coast trophy peer
- 720 Park Avenue — Candela 1929; pre-war Gold Coast peer
- The Pierre Residences — pre-war Pierre Hotel-affiliated condos at Fifth & 61st
More Park Avenue buildings
- 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
- 520 Park Avenue — 2018 condominium by Robert A.M. Stern Architects
- 525 Park Avenue — 1914 condominium by Schwartz & Gross
- 530 Park Avenue — 1940 condominium by George F. Pelham
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.
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