Cooperative · 1927
The Beekman
571 Park Avenue, New York, NY 10065
Buildings·Cooperative

571 Park Avenue

571 Park Avenue, New York, NY 10065

At a glance
Year built
1927
Type
Cooperative

571 Park Avenue — The Beekman — is a 1927 cooperative on the corner of Park Avenue and East 63rd Street, one of the most distinctive buildings in Lenox Hill because of how it began. George F. Pelham designed it in the Italian Renaissance palazzo style as a residential hotel, the Beekman, and it operated that way for decades before converting to a cooperative in 1969. That heritage still defines the building: it runs with a level of service unusual even on Park Avenue, more like a five-star hotel than a typical pre-war co-op.

The architecture announces the pedigree. A three-story rusticated limestone base anchors a buff masonry tower detailed with decorative balconies and a stringcourse banding the 14th floor, all beneath a ceremonial entrance marquee. Inside, the hotel origins translate into a service model — concierge, valet, scheduled maid service, room service from the ground-floor restaurant — that few buildings in the city can match. For buyers, the appeal is a turnkey, full-service Park Avenue address at 63rd Street, steps from the boutiques of Madison Avenue, the shops of Fifth, and Central Park.

Architecture and unit composition

Pelham designed The Beekman in the confident pre-war manner: limestone at the base, a buff-brick body, Renaissance detailing, and a silhouette meant to read as a Park Avenue palazzo. At 16 stories with roughly 110 residences, the building reflects its hotel beginnings in the variety of its layouts — a mix that runs from compact studios and one-bedrooms (a legacy of the hotel-suite floor plates) to larger combined and family-sized homes assembled over the years.

The interiors carry pre-war proportions where the original layouts allow — high ceilings, hardwood floors, and gracious entertaining space — while the smaller lines offer an accessible entry point to a white-glove Park Avenue cooperative, a genuinely rare thing in this stretch of Lenox Hill. Higher floors capture open city light and avenue views.

Building operations

The Beekman is one of the most heavily serviced cooperatives on Park Avenue. A 24-hour doorman and concierge staff the lobby, supported by valet service, scheduled maid service, and room service delivered from the building's ground-floor restaurant — a direct inheritance of its hotel era. Shared amenities include a fitness center, a rooftop deck, bicycle storage, and central laundry. On board policy, the building permits 50% financing and applies a 3% flip tax paid by the purchaser; it allows pieds-à-terre, trust, and LLC purchases and maintains a liberal sublease policy, while pets are not permitted.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$142,800/yr
Per unit / month range
$0 – $100
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
SWARMP
2010–15
Safe
2015–20
SWARMP
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2028
On record
$4,500 in filing penalties
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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

As an approximately 110-unit cooperative with a wide layout range, The Beekman turns over at a steady pace — a regular flow of resales across its studio and one-bedroom lines, with larger combined apartments the rarer events. Pricing spans a broad band: the smaller hotel-suite-scaled homes offer one of the more attainable ways into a full-service Park Avenue building, while the larger upper-floor residences command pre-war Park Avenue pricing. The premium concentrates on floor, light, renovation status, and the value of the building's exceptional service package. For unit-by-unit recorded transfers tied to this building, see the automatically maintained sales record for this address.

What to know if you’re buying

This is a cooperative purchase, so plan on a board application and interview, though the building's policies are comparatively accommodating: 50% financing, pieds-à-terre and entity purchases permitted, and a liberal sublease stance — a flexibility that sets it apart from the stricter co-ops nearby. Note that pets are not permitted and the 3% flip tax is paid by the buyer; both belong in your underwriting. The smaller lines are an unusually accessible entry to a white-glove Park Avenue address; the larger combined homes are the rarer, more competitive prize. Weigh the value of the hotel-grade service against the maintenance it supports. We help buyers read the financials, evaluate the line and floor, and structure the deal.

What to know if you’re selling

The selling story here is service and provenance. Lead with the hotel heritage and the staffing that comes with it — concierge, valet, maid service, restaurant room service — alongside a 1927 Pelham-designed Italian Renaissance building on Park Avenue at 63rd Street, and an accommodating board (50% financing, pieds-à-terre and entity purchases allowed, liberal subletting). For the smaller lines, position the building as a rare, attainable foothold on white-glove Park Avenue; for the larger homes, benchmark to the pre-war Park Avenue cooperative set. A clean renovation closes the gap on the older floor plates. We position each listing to its strongest feature and run the comparable analysis that gets it sold.

Comparable buildings

If you're considering 571 Park Avenue, also evaluate these nearby Park Avenue cooperatives:

The Roebling Team at The Beekman

The Roebling Team at Compass specializes in Park Avenue, the Upper East Side, and the broader park-facing Manhattan market. We publish this profile because buyers and sellers evaluating full-service pre-war cooperatives deserve building-specific intelligence: the architecture, the building's distinctive service model, the board's policies, and how a home here trades against its real comparable set.

If you're weighing a purchase or sale at The Beekman, a 30-minute consultation is the right place to start.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com