55 Park Avenue
55 Park Avenue, New York, NY 10016
Murray Hill
BBL 1008930002 · BIN 1019077
- Year built
- 1923
- Type
- Cooperative
Every recorded sale at this building, 2004–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $963K
- Recent range
- $850K – $1.1M
- Listing discount
- 2.9%
- Recorded transfers
- 31
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 that gives nearly every home the corner light, cross-ventilation, and privacy that define the best pre-war planning. It sits on the lower-Murray Hill stretch of Park Avenue between 37th and 38th Streets, the dignified residential spine that runs north from Grand Central, and it delivers the address, the architecture, and the full-service staffing of grand Park Avenue living at a more attainable entry point than the avenue's uppermost 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. That low density is the whole point: it means light on multiple exposures, quiet hallways, and the gracious, family-scaled layouts that pre-war Park Avenue is known for.
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.
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 →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 |
|---|---|---|---|---|---|
| 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% |
| May 8, 2023 | 3E | 2 BR · 2 BA | $915,000 | -3.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $888/sf across 1 sale. The building has traded as recently as 2025. Median listing discount 5.2% 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) 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
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 two-per-floor privacy, full staffing, and pre-war proportions, at a Murray Hill entry point below the avenue's grandest northern blocks. For buyers who want Park Avenue living and the service to match, the value case is strong.
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. A renovated, well-staged apartment that photographs its pre-war proportions, light, and ceiling height consistently outperforms an unrenovated comparable, and the spread is where the right marketing earns its keep. We price to the building's real ceiling, position the full-service Park Avenue story accurately, and prepare the board package so a qualified buyer clears a rigorous review without friction.
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.
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.
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.