555 Park Avenue
555 Park Avenue, New York, NY 10065
- Year built
- 1914
- Type
- Cooperative
- Units
- 50
- Floors
- 14
- Landmark
- Designated
- Subletting
- Restrictive (typical of tier-one Park Avenue cooperatives)
Every recorded sale at this building, 2004–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $4M – $7M
- Listing discount
- 7.1%
- Recorded transfers
- 16
555 Park Avenue occupies the southern anchor of the Park Avenue luxury cooperative corridor — the geographic transition point where the dense pre-war tier-one Park Avenue inventory meets the more commercial Midtown East Park Avenue tradition. The 1924 George and Edward Blum brothers commission represents the firm's mature 1920s work executed at the construction-quality peak of the immediate pre-Depression era, with the corner positioning at Park and 62nd Street producing a particular geographic significance distinct from the Carnegie Hill and Lenox Hill core of the firm's portfolio.
The Blum brothers' Park Avenue portfolio — 555, 591, 830, 840, 875, 940, 1075 Park — represents one of the more cohesive single-firm bodies of work in pre-war Park Avenue inventory. The firm's apartment-design discipline tracked the broader pre-war idiom, with their work distinguished by the integration of decorative facade detailing that read differently from the dogmatic classicism of contemporary McKim Mead & White / Carrère & Hastings peers. The 1924 vintage at 555 Park places the building in the firm's mid-portfolio span, with apartment configurations and architectural detail reflecting the construction economics of the 1920s peak.
The 50-apartment scale at 555 Park places the building among the more substantial Blum brothers Park Avenue commissions — larger than the smaller Carnegie Hill / Lenox Hill peers (830 Park: 40; 875 Park: 50; 840 Park: 38; 1075 Park: 32) and producing moderate annual transaction volume.
The position at Park Avenue and East 62nd Street is structurally distinct from the corridor's center of gravity at the 70s. The Park-and-60th transition — where the avenue moves from the more commercial Midtown East tradition to the dense residential Park Avenue cooperative corridor — is one of the corridor's most meaningful geographic seams. 555 Park sits two blocks north of that transition, at the southern anchor of the residential tier-one corridor.
For buyers, 555 Park represents a particular tier of Lenox Hill Park Avenue inventory: Blum brothers architectural pedigree, 50-apartment scale producing moderate annual turnover, southern Park Avenue positioning that offers proximity to Midtown East walking access and the dense Lenox Hill / Carnegie Hill cultural corridor at the building's north, and pricing materially below the Candela tier-one peak at 740 / 778 / 720 Park.
Architecture and unit composition
The 50 apartments span configurations from approximately 1,800 sf 2BRs to substantially larger 4–5 BR configurations across the 14 stories. The building's most architecturally distinctive apartments are the upper-floor full-floor configurations and the corner residences with cross-exposure views.
Blum brothers' 1924 signatures throughout: 10–11 foot ceilings in primary rooms, formal entry galleries, library-living room combinations, primary suites with substantial closet infrastructure, service wings characteristic of 1924-era luxury apartment design.
Park Avenue-facing apartments on the western flank look across to the Park Avenue median plantings and the buildings on the avenue's west side. 62nd Street-facing apartments to the south have cross-street exposures with stable residential side-street views.
Building operations
555 Park Avenue operates as a full-service pre-war cooperative with full-time doorman, attended elevator, on-site superintendent, and private storage. The 50-apartment scale produces a moderate institutional density characteristic of mid-tier pre-war Park Avenue cooperative inventory.
Specific policy details (financing posture, flip tax structure, sublet policy specifics, pied-à-terre allowance) should be confirmed directly with property management during due diligence. The board posture follows tier-one Lenox Hill pre-war norms — rigorous financial review, strong personal references, primary-residence intent the working assumption.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $10,692/yr
- Per unit / month range
- $0 – $36
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 |
|---|---|---|---|---|---|
| Jun 12, 2023 | 12W | 5 BR · 4.5 BA · 4,250 sf | $7,000,000 | $1,647/sf | +3.7% |
| May 22, 2023 | 6E | 3 BR · 3 BA | $4,000,000 | -4.8% | |
| May 5, 2022 | 7E | 3 BR · 3.5 BA · 3,000 sf | $4,100,000 | $1,367/sf | -6.8% |
| Oct 12, 2021 | PHE | 2 BR · 2 BA · 1,400 sf | $2,550,000 | $1,821/sf | off-mkt |
| May 4, 2021 | PHE | 2 BR · 2 BA · 1,400 sf | $2,950,000 | $2,107/sf | off-mkt |
| Jul 1, 2020 | 8W | 5 BR · 4.5 BA · 4,500 sf | $7,925,000 | $1,761/sf | off-mkt |
| Jul 9, 2019 | 10W | 5 BR · 4.5 BA · 4,250 sf | $8,000,000 | $1,882/sf | -14.4% |
| Nov 26, 2018 | 10E | 3 BR | $4,550,000 | -21.6% |
Market read. Most recent trades (2023) cleared a median $1,647/sf across 1 sale. Median listing discount 7.1% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Sep 29, 2021 | 1WBS | $2,596,637 |
| Mar 7, 2019 | 2W | $3,250,000 |
| Apr 13, 2006 | 6E | $4,495,000 |
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 1-01396-0071) 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
The Blum brothers architectural pedigree is real. Buyers attentive to architectural detail find the firm's distinctive decorative facade vocabulary differentiating among pre-war Park Avenue inventory.
The southern Park Avenue positioning is structural. The building sits at the southern anchor of the residential Park Avenue corridor, offering more accessible walking proximity to Midtown East than the Lenox Hill / Carnegie Hill core.
Pricing is more accessible than Candela tier-one peers. 555 Park typically trades at materially more accessible per-square-foot pricing than the 1929–1931 Candela Park Avenue tier-one peak.
Confirm specific policies directly with management. Financing posture, flip tax structure, sublet specifics, and pied-à-terre allowance should be obtained directly during the contract review process.
Board approval follows tier-one Park Avenue norms. Strong financial profile, professional accomplishment, primary-residence intent are central criteria.
Renovation is constrained by historic district status and pre-war character. The board reviews scope and quality with attention to preservation of original detail.
What to know if you’re selling
The architectural pedigree is a marketing asset. Listing copy should reference the Blum brothers' authorship, the building's place within the firm's broader Park Avenue portfolio, and the corner Park / 62nd positioning.
Pricing requires apartment-level comparable analysis. Floor altitude, exposure, configuration, and renovation history all matter substantially.
Closing timelines are co-op standard. 6–10 weeks from contract signing to closing.
Comparable buildings
If you're considering 555 Park Avenue, also evaluate:
- 875 Park Avenue — Blum brothers 1912; same firm earlier vintage
- 840 Park Avenue — Blum brothers 1916; same firm
- 830 Park Avenue — Blum brothers 1909; earliest Blum Park Ave
- 940 Park Avenue — Blum brothers; same firm later vintage
- 1075 Park Avenue — Blum brothers 1929; same firm latest
- 720 Park Avenue — Candela / Cross & Cross 1929; tier-one Candela peer
The Roebling Team at 555 Park Avenue
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 555 Park, a 30-minute consultation is the right starting point.