640 Park Avenue
640 Park Avenue, New York, NY 10065
BBL 1013810035 · BIN 1041175
- Year built
- 1913
- Type
- Cooperative
- Units
- 13
- Floors
- 12
- Landmark status
- Not an individual landmark; in the Upper East Side Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Not permitted
- Pied-à-terre
- Not permitted
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Maximum financing
- 35% of the purchase price
- Flip tax
- 2.5% of the purchase price, paid by the buyer
- Doorman
- Full-time doorman
- Financing
- Up to 35% financeable (65% minimum down).
- Subletting
- Not permitted — an owner-occupancy building.
- Pied-à-terre
- Not permitted.
- Washer / dryer
- Permitted in-unit.
- Pets
- Permitted, subject to Board approval.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 640 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.
640 Park Avenue is one of the earliest J.E.R. Carpenter commissions on Park Avenue and among the most architecturally significant pre-1920 cooperatives on the corridor. Built in 1913–1914 by Spencer Fullerton Weaver — a UPenn-trained civil engineer who would later partner in the hotel architecture firm Schultze & Weaver — the building replaced six row houses on the northwest corner of Park Avenue and East 66th Street.
Carpenter is the architect most associated with the development of the modern large Park Avenue apartment house. The Real Estate Record and Guide described him in his lifetime as "the father of the modern large apartment" in New York City. His Park Avenue and Fifth Avenue work spans approximately three decades and includes 580, 610 (the Mayfair), 825, 845, 907, and 1148 Park Avenue, plus 907, 920, 950, 1115, and 1120 Fifth Avenue. 640 Park, completed in 1914, sits at the beginning of this body of work — among Carpenter's earliest Park Avenue commissions and one of the buildings that established the architectural vocabulary the corridor would adopt across the 1920s pre-war boom.
The building's structural distinction is its single-apartment-per-floor configuration: 13 apartments across 12 stories, with each apartment occupying a full floor. This is among the most intimate residential configurations on Park Avenue and produces apartments with multi-exposure layouts, formal entry galleries, and the architectural fabric characteristic of the pre-WWI Park Avenue luxury cooperative tradition.
The 1946 cooperative conversion places 640 Park among the earliest Park Avenue conversions of the post-war era.
Architecture and unit composition
The 13 apartments distribute one per floor across the building's 12 stories. Apartment layouts retain the architectural fabric characteristic of Carpenter's pre-WWI Park Avenue work — substantial ceiling heights, formal entry galleries, library-living combinations, multi-exposure layouts with Park Avenue and East 66th Street frontages, and the staff-wing infrastructure characteristic of 1914-vintage luxury Park Avenue construction.
Building operations
640 Park operates as a small-scale cooperative with full-time doorman and concierge service. The building does not carry an on-site garage, fitness center, or roof deck — the amenity infrastructure is calibrated to the pre-WWI Park Avenue cooperative tradition rather than to contemporary luxury condominium specifications. The 13-apartment scale produces an institutional cooperative culture characteristic of the corridor's smallest peer buildings.
Notable residents (publicly documented)
Off the MRKT reporting has documented residency by members of the Pratt (Standard Oil), Annenberg, and contemporary financial-leadership communities, including Millard "Mickey" Drexler (former J. Crew and Gap CEO), Richard S. Fuld Jr. (former Lehman Brothers CEO; sold a unit in 2009), and Glenn Fuhrman (co-founder of MSD Capital).
Application and transaction fees
Fees below are from building management's published schedule, as of September 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.
- Terms
- Equal to 2.5% of purchase price
- Rate
- 2.5% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of September 2026
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Messenger Fees | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Recognition Agreement FeeConditionalConditions: If Financing | Paid by Buyer | When At closing | Amount $300 (if applicable) | Refundable Non-refundable |
| Managing Agent's Fee | Paid by Shareholder | When At closing | Amount $900 (Shareholder is an Individual) or $1000 (Shareholder is an Estate) | Refundable Non-refundable |
| New York State Stamp TaxPer share | Paid by Shareholder | When At closing | Amount $0.05 per share | Refundable Non-refundable |
| Fidelifacts Credit reportConditional · Per applicant | Paid by Buyer | When With the application | Amount $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants | Refundable Non-refundable |
Ownership transfer
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Messenger Fee | Paid by Buyer | When With the application | Amount $65 | Refundable Non-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
- Maximum financing
- 35% of the purchase priceSource: building management's published schedule, as of September 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of September 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 September 2026
- Pied-à-terre ownership
- Not permittedSource: building management's published schedule, as of September 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $26,263/yr
- Per unit / month range
- $0 – $182
- Modeled exposure split equally across 12 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
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. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Not allowed
- Pied-à-terre
- Not allowed
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 |
|---|---|---|---|---|---|
| Oct 1, 2024 | 3 | 6 BR · 6.5 BA | $13,500,000 | -10.0% | |
| Jul 27, 2018 | 7 | 6 BR · 6.5 BA | $20,000,000 | -13.0% | |
| Jul 18, 2013 | 8 | 5 BR | $23,000,000 | -20.7% | |
| Jun 15, 2011 | 3 | 4 BR | $20,500,000 | -16.3% | |
| Jan 24, 2007 | 11 | 4 BR · 6,200 sf | $21,000,000 | $3,387/sf | -11.6% |
Market read. $/sf is measured on the latest sales with reliable square footage (2007): a median $3,387/sf (recorded) across 1 sale. The building has traded as recently as 2024. Median listing discount 14.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01381-0035). 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 640 Park Avenue and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 640 Park Avenue and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like 640 Park Avenue. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
The 13-apartment scale is among the smallest on Park Avenue. The institutional cooperative culture, the rigorous board approval framework, and the limited inventory turnover that the small scale produces are structural features of the building and should be understood at the start of any prospective transaction.
The Carpenter architectural pedigree is real and structural. One of the earliest of Carpenter's Park Avenue commissions; the building's architectural vocabulary established conventions the corridor adopted across the subsequent two decades.
Full-floor apartment configuration is the building's structural feature. Buyers should evaluate apartments on the basis of their full-floor layout, multi-exposure conditions, and the architectural specifics of Carpenter's 1914 design.
Confirm policy specifics during due diligence. Down payment, financing, flip tax, pet, pied-à-terre, and sublet policies should be verified against current management documents. The 20 percent minimum down figure is unusually permissive for a building of this caliber and should be verified directly.
The 1946 cooperative conversion places the building among the earliest Park Avenue conversions. The deep cooperative history produces a building culture continuously refined for nearly 80 years.
What to know if you’re selling
Marketing should emphasize the Carpenter architectural credential and the full-floor apartment configuration. Both are structural identity features; the combination supports trophy-tier pricing positioning.
Pricing requires apartment-level comparable analysis on a 13-unit base. Thin transaction inventory means each closing carries meaningful weight in the building's reference pricing.
Closing timelines are cooperative-standard. Plan for 6–10 weeks from contract through board approval to closing.
Comparable buildings
If you're considering 640 Park Avenue, also evaluate:
- 610 Park Avenue (The Mayfair) — Carpenter 1925 hotel converted to condominium 1997–98; one block south; condominium rather than cooperative
- 720 Park Avenue — Candela 1929; nearby Lenox Hill peer at trophy tier
- 740 Park Avenue — Candela / Cross & Cross 1929–30; trophy cooperative
- 755 Park Avenue — Rouse & Goldstone 1914; same vintage Park Avenue peer
- 820 Fifth Avenue — McKim, Mead & White 1916; comparable pre-WWI Fifth Avenue trophy peer
- 998 Fifth Avenue — McKim, Mead & White 1912; pre-WWI Fifth Avenue peer
More Park Avenue buildings
- 625 Park Avenue — 1929 co-op by J.E.R. Carpenter
- 630 Park Avenue — 1916 co-op by J.E.R. Carpenter
- 635 Park Avenue (The Adelaide) — 1912 co-op by J.E.R. Carpenter
- 650 Park Avenue — 1963 co-op
- 655 Park Avenue — 1924 co-op by J.E.R. Carpenter
- 660 Park Avenue — 1927 co-op by York & Sawyer
The neighborhood
For the full corridor — architecture, 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.
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 640 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