55 Park Avenue
55 Park Avenue, New York, NY 10016
BBL 1008930002 · BIN 1019077
- Year built
- 1923
- Type
- Cooperative
- 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
- Not permitted
- Pied-à-terre
- Not permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2026
- $940K
- 9 qualifying sales
- Recent range
- $800K – $1.1M
- Listing discount
- 3.0%
- Recorded transfers
- 33
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 55 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.
55 Park Avenue is a quintessential 1920s Park Avenue cooperative — a sixteen-story masonry tower built in 1923 with just two apartments per floor, an arrangement whose actual light, ventilation and privacy depend on the specific floor plan, windows and surroundings. It sits on the lower-Murray Hill stretch of Park Avenue between 37th and 38th Streets, the dignified residential spine south of Grand Central, and it delivers the address, the architecture, and the full-service staffing of grand Park Avenue living with pricing to compare against dated matched sales on the avenue's northern blocks.
The building was built during the great speculative wave of 1920s cooperative development, when builders raced to put up Park and Fifth Avenue apartment houses for buyers who wanted ownership, privacy, and prestige. A century later, the value proposition holds: a Park Avenue cooperative with two-per-floor layouts, full staffing, and the central location that puts Grand Central and the Lexington Avenue subway minutes away.
Architecture and unit composition
55 Park Avenue is a characteristic 1920s Park Avenue apartment house: a masonry tower with a limestone base and brick shaft, designed in the restrained, well-proportioned vocabulary that gives the avenue its uniform dignity. The defining feature is the plan — two apartments per floor across sixteen stories, totaling 32 homes. Confirm each home's window orientations, layout and landing configuration, and assess hallway noise directly; the two-per-floor count does not establish quiet or daylight.
Inside, the apartments carry the hallmarks of the era — high ceilings, generous room proportions, separate kitchens, and solid masonry construction. Across roughly 37,000 residential square feet and 32 homes, the homes run to substantial pre-war layouts with classic architectural detail. As with any cooperative of this vintage, renovation level varies apartment to apartment, offering both turnkey homes and value-add opportunities.
Building operations
55 Park Avenue is a full-service cooperative — a full-time doorman, an elevator operator, and a live-in superintendent — the staffing profile that buyers expect of a Park Avenue address and that distinguishes it from the part-time-staffed buildings on the Murray Hill side streets. A central laundry room rounds out the practical facilities. The service level is the amenity here; the location supplies the rest, with Grand Central, the restaurants and retail of Midtown, and multiple subway lines a short walk away.
As a cooperative, purchases clear through a board with a financial package and interview. Park Avenue boards of this caliber typically apply conservative financing limits and post-closing-liquidity expectations; buyers should plan for a thorough package and the customary debt-to-income standards of an established full-service building, and confirm the current financing and sublet terms against their own plans.
Application and transaction fees
Fees below are from building management's published schedule, as of August 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
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 Per Applicant | Refundable Not stated |
| Power of Attorney | Paid by Buyer | When With the application | Amount $150 | Refundable Not stated |
| Printing and Messanger | Paid by Buyer | When With the application | Amount $75 | Refundable Not stated |
| Recognition Agreement | Paid by Buyer | When With the application | Amount $300 | Refundable Not stated |
| Sales ApplicationPaid by Applicant | Paid by Buyer | When With the application | Amount $650 | Refundable Not stated |
| Closing Fee | Paid by Buyer | When At closing | Amount $600 | Refundable Not stated |
| Post Closing Processing | Paid by Buyer | When At closing | Amount $300 | Refundable Not stated |
| Flip Tax | Paid by Seller | When At closing | Amount Equal to two (2) Percent of the total gross sales price of the unit. | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable 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
- Guarantors
- Not permittedSource: building management's published schedule, as of August 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
- Not permittedSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Not permittedSource: building management's published schedule, as of August 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of August 2026
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
- Maintenance, per room
- $902 per room a monthMedian of 5 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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Laundry roomSource: 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. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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 |
|---|---|---|---|---|---|
| Sep 17, 2026 | 5E | 2 BR · 1 BA | $800,000 | -3.0% | |
| Aug 26, 2025 | 5W | 2 BR · 1.5 BA | $995,000 | -9.5% | |
| Jul 21, 2025 | 9E | 2 BR · 1 BA | $925,000 | -2.6% | |
| May 12, 2025 | 8EAST | 2 BR · 1 BA | $850,000 | -5.5% | |
| Jun 18, 2024 | 15E | 2 BR · 1 BA | $940,000 | +0.0% | |
| Sep 20, 2023 | 11W | 2 BR · 1.5 BA | $1,085,000 | +0.0% | |
| Jul 20, 2023 | 6W | 2 BR · 1.5 BA | $985,000 | -1.0% | |
| Jun 9, 2023 | 13W | 2 BR · 1.5 BA · 1,200 sf | $1,065,000 | $888/sf | -3.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $888/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 4.9% 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 1-00893-0002). 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 55 Park Avenue and nearby.
At the recent median sale of $850K (5 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $11,738 to close, or 1.4% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,738
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
This is a full-service Park Avenue cooperative, so expect a rigorous board process: a complete financial package, an interview, a financing cap, and post-closing-liquidity expectations. Underwrite the all-in monthly carry — maintenance plus financing — and read the building's financials for reserve health and any planned capital work, relevant for any century-old masonry tower. The two-per-floor plan is the prize; prioritize floor and exposure, since the spread between a high-floor light-filled home and a lower one is real.
The reasons to buy are address- and architecture-driven: a genuine Park Avenue cooperative with a two-per-floor configuration to confirm for the specific landing, full staffing, and pre-war proportions, with prices to compare using dated matched transactions. For buyers who want Park Avenue living and the service to match, assess the apartment's actual price and monthly costs alongside its features.
What to know if you’re selling
The Park Avenue address, the full-service staffing, and the two-per-floor layout are the headline — lead with all three. The comparable set is recent closings in the building and in the immediate lower-Park Avenue and Murray Hill pre-war cooperative cohort, adjusted for floor, exposure, and renovation.
Presentation matters in a building of this caliber. Document renovation condition, proportions, actual light and ceiling height; compare dated matched sales before attributing any price difference to staging or marketing. We price to the building's real ceiling, position the full-service Park Avenue story accurately, and prepare the board package for the board's review without promising its outcome or timetable.
Comparable buildings
If you're considering 55 Park Avenue, also look at these Park Avenue and Murray Hill cooperatives:
- 1000 Park Avenue — Emery Roth's 1916 Park Avenue cooperative
- 1001 Park Avenue — pre-war Park Avenue peer
- 160 East 38th Street — Murray Hill cooperative nearby
- 20 East 35th Street — Murray Hill pre-war cooperative
- 225 East 34th Street — a 2007 full-service condominium
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 55 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