565 Park Avenue
565 Park Avenue, New York, NY 10065
Lenox Hill, Upper East Side
BBL 1013970004 · BIN 1042024
- Year built
- 1912
- Type
- Cooperative
- Landmark
- Designated
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $4.5M
- Recent range
- $2.2M – $4.7M
- Listing discount
- 1.0%
- Recorded transfers
- 37
565 Park Avenue is one of the small, intimate pre-war cooperatives that give the lower reaches of Park Avenue their human scale. Built in 1912 by Bing & Bing — the development firm whose name became shorthand for well-built, gracious apartment housing across Manhattan — and designed by Robert T. Lyons, it carries the proportions and finish of the era when Park Avenue was transforming from a railway cut into the city's most disciplined residential boulevard. Known as The Lonsdale, the building was converted to cooperative ownership in 1962 and has remained a closely held, white-glove address ever since.
What sets it apart is the layout philosophy. With only two apartments per landing across its dozen-plus floors, the building offers the privacy and quiet that buyers at this end of Park Avenue prize: a semi-private elevator vestibule, no long public corridors, and the security that comes from a building where the staff knows every resident. At 28 residences, it is the kind of address where turnover is rare and the board can hold a high bar.
The corner placement at East 62nd Street is the other quiet advantage. It sits steps from Central Park, a short walk from the Madison Avenue boutique corridor, and within easy reach of Midtown — a Lenox Hill position that keeps the building both central and serene.
Architecture and unit composition
Robert T. Lyons designed 565 Park Avenue in the restrained pre-war manner that defines Park Avenue's masonry stock: a beige-brick body rising from a limestone base, with the kind of disciplined fenestration and cornice work that lets the building sit comfortably among its neighbors rather than competing with them. The building was renovated in 1987 and again in 2011, modernizing systems while preserving the period character that makes pre-war Park Avenue apartments so durable in value.
Inside, the two-per-floor plan yields large, light-filled homes with the hallmarks of Bing & Bing construction — generous room dimensions, high ceilings, hardwood floors, and the kind of solid masonry walls that keep the building quiet. Layouts run to spacious classic configurations, several with corner exposures and Park Avenue frontage, and the building's full-floor potential on select landings makes it attractive to buyers assembling larger homes.
Building operations
565 Park Avenue runs as a full-service cooperative. A 24-hour doorman attends the canopied entrance, and the building is staffed with both a live-in resident manager and a live-in superintendent — a depth of on-site management unusual for a building of this size and a meaningful comfort to owners. Private basement storage and a bike room round out the practical amenities.
The board's policies reflect the building's well-run, owner-occupied character. Pets are permitted. Financing is allowed to 25%, with an additional 25% available subject to board approval — a conservative cap typical of a tightly held Park Avenue co-op. A 2% flip tax is payable by the purchaser at closing. As with most cooperatives of this caliber, the board reviews applications closely and favors primary-residence buyers; subletting is restricted in keeping with the building's owner-occupied profile.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $33,138/yr
- Per unit / month range
- $0 – $99
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 →Management & transfer contacts
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 |
|---|---|---|---|---|---|
| Sep 17, 2025 | — | 3 BR · 2.5 BA | $4,450,000 | -1.0% | |
| Jan 12, 2024 | 2W | 3 BR · 3.5 BA · 1,800 sf | $2,200,000 | $1,222/sf | -4.1% |
| Jan 12, 2024 | 6W | 3 BR · 3 BA · 2,200 sf | $4,700,000 | $2,136/sf | +0.0% |
| Dec 16, 2022 | PHB | 2 BR · 2 BA | $2,000,000 | -33.2% | |
| Aug 23, 2022 | 6E | 2 BR · 2 BA | $1,975,000 | +0.0% | |
| May 26, 2022 | 4E | 3 BR · 2 BA | $1,250,000 | -16.4% | |
| Oct 4, 2021 | 10W | 3 BR · 3 BA · 2,100 sf | $4,500,000 | $2,143/sf | +0.0% |
| Feb 7, 2019 | 6W | 3 BR · 3 BA | $4,025,000 | -22.6% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $1,679/sf across 2 sales. The building has traded as recently as 2025. Median listing discount 2.8% 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 |
|---|---|---|
| Mar 31, 2005 | 12W | $3,500,000 |
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 1-01397-0004) 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 opportunity here is scarcity: a small, full-service pre-war cooperative on Park Avenue with two homes per floor and live-in management. Expect a thorough board process and a financing posture that rewards strong balance sheets — the building permits 25% financing, with a further 25% only by board approval, so buyers should plan for substantial liquidity beyond the purchase price. Pets are welcome, and the 2% flip tax falls to the buyer, a closing cost worth modeling early. Because apartments rarely surface, serious buyers should be ready to move when a layout that fits comes available, particularly the larger corner and Park-facing homes.
What to know if you’re selling
The selling case writes itself: a Bing & Bing pedigree, a Robert T. Lyons design, two-per-floor privacy, and a staffing model — live-in manager and live-in super — that buyers reward. Presentation and a clean, board-ready buyer matter more here than in larger buildings; with so few comparable trades inside the building, pricing leans on the broader lower-Park Avenue pre-war co-op set and on the specific virtues of the apartment's floor, exposure, and condition. We position each listing against that comparable tier and prepare sellers for the buyer-paid flip tax and the board's expectations.
Comparable buildings
If you're considering 565 Park Avenue, also look at these nearby Park Avenue and Lenox Hill cooperatives:
- 550 Park Avenue — pre-war cooperative a block north
- 555 Park Avenue — Park Avenue cooperative peer
- 570 Park Avenue — full-service pre-war co-op nearby
- 580 Park Avenue — established Park Avenue cooperative
- 610 Park Avenue — distinguished Park Avenue address to the north
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
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 The Lonsdale?
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 The Lonsdale 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.