- Year built
- 1924
- Type
- Condominium
- Units
- 43
- Floors
- 13
- Landmark
- Designated
- Subletting
- Generally permissive under condominium rules (a structural advantage over the surrounding Murray Hill pre-war co-op inventory)
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,169
- Listing discount
- 1.9%
- Recorded sales
- 53
- On record
- 2004–2026
71 Park Avenue is among the substantial body of Murray Hill pre-war cooperatives whose architectural and residential identity defines the neighborhood. Murray Hill — the residential corridor extending from approximately East 34th to East 40th Streets between Madison and Third Avenues — has a distinct architectural character anchored by its 1920s and 1930s pre-war cooperative inventory, its historic 19th-century townhouses (particularly along East 36th and East 37th Streets), and its proximity to Grand Central Terminal and the broader Midtown East commercial corridor.
The Park Avenue / East 38th–39th positioning places 71 Park in the central Murray Hill residential band. The building joins the broader cluster of pre-war Park Avenue Murray Hill cooperatives — 10 Park, 35 Park, 45 Park (the 2007 condo conversion), 67 Park — that together define the neighborhood's residential character on the Park Avenue side. The mid-block positioning provides quieter residential character than the corner-positioning peers.
The building's 1924 Walker & Gillette construction places 71 Park in the same general construction era as the broader Manhattan pre-war cooperative apartment boom, though the Murray Hill tier reflects a particular building scale and pricing tier distinct from the trophy Lenox Hill / Carnegie Hill peers seven to twenty blocks north. Walker & Gillette were a major early-20th-century New York firm — their commercial portfolio includes the Fuller Building (57th and Madison), the Down Town Association, and substantial pre-war residential commissions across the Upper East Side and Midtown — though they are less universally celebrated than the Candela / Carpenter / Cross & Cross trophy peak.
71 Park is structurally distinct from most of the surrounding Murray Hill pre-war stock in being a condominium (converted from rental in 1991) rather than a co-op. The 43-unit scale is boutique for a Park Avenue pre-war — materially smaller than the typical 60–120 apartment count of comparable 1920s buildings. The condominium structure and small unit count together produce a building with more permissive sublet and pied-à-terre rules than the surrounding co-op stock, more selective approval friction, and resale dynamics that favor a slightly different buyer pool.
For buyers, 71 Park represents a particular tier of Murray Hill Park Avenue inventory: Walker & Gillette architectural credentialing at materially more accessible pricing than the Gold Coast trophy tier, central Murray Hill positioning with strong neighborhood walkability, condominium structure (rare on Park Avenue), and proximity to Grand Central, the East 30s commercial corridor, and the Madison Avenue residential and commercial blocks.
Architecture and unit composition
The building's pre-war Murray Hill vintage indicates the standard 1920s–1930s luxury cooperative idiom: limestone-clad base, brick body above, classical detailing, formal entrance, and apartment configurations reflecting the era's typical Park Avenue conventions.
Pre-war signatures expected throughout:
- 9–10 foot ceilings in primary rooms (Murray Hill tier typically slightly more modest than trophy Lenox Hill / Carnegie Hill peers)
- Formal entry galleries
- Library-living combinations
- Primary suites with closet infrastructure
- Service infrastructure characteristic of 1920s–1930s luxury design
Park Avenue-facing apartments (west exposure) look across to the buildings on Park's east side. Side-street exposures (north and south) look across the cross-streets to neighboring buildings.
Building operations
71 Park Avenue operates as a full-service pre-war cooperative with full-time doorman, attended elevator, on-site superintendent, and private storage. Specific operational details — corporation name, managing agent, 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-two Murray Hill pre-war norms (somewhat less rigorous than the trophy Park Avenue Gold Coast / Carnegie Hill standard, but rigorous nonetheless).
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $32,931/yr
- Per unit / month range
- $0 – $64
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Mar 27, 2026 | PH-B | 1 BR · 1 BA · 700 sf | $925,000 | $1,321/sf | -17.8% |
| Mar 23, 2026 | 11B | 2 BR · 2 BA · 1,200 sf | $1,439,888 | $1,200/sf | -4.0% |
| Feb 12, 2026 | 10A-B | 4 BR · 3 BA · 2,162 sf | $3,400,000 | $1,573/sf | off-mkt |
| Mar 25, 2026 | 12A | 2 BR · 2 BA · 1,348 sf | $1,525,000 | $1,131/sf | +2.0% |
| Jan 2, 2026 | 3C | 2 BR · 2 BA · 1,098 sf | $925,000 | $842/sf | -15.5% |
| Aug 30, 2022 | 9C | 2 BR · 2 BA · 1,098 sf | $1,110,000 | $1,011/sf | -6.3% |
| Apr 21, 2022 | 4A | 2 BR · 2 BA · 1,100 sf | $1,225,000 | $1,114/sf | -2.0% |
| Aug 10, 2021 | PHA | 2 BR · 2 BA · 1,360 sf | $2,133,450 | $1,569/sf | -5.2% |
Market read. Most recent trades (2026) cleared a median $1,169/sf across 2 sales. Median listing discount 1.9% 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 |
|---|---|---|
| Apr 20, 2026 | 21G | $1,125,000 |
| Feb 10, 2026 | 17A | $563,000 |
| Jan 16, 2026 | 9F | $645,000 |
| Jan 12, 2026 | 12J | $1,995,000 |
| Oct 14, 2025 | 9H | $535,000 |
| Oct 8, 2025 | 10E | $2,418,000 |
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 1-00894-7503) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
The Murray Hill tier offers materially more accessible pricing than the trophy Park Avenue Gold Coast. Murray Hill pre-war cooperatives typically trade at 30–50% lower per-square-foot pricing than comparable Lenox Hill or Carnegie Hill inventory. For buyers prioritizing pre-war architectural and lifestyle attributes at a more accessible price point, Murray Hill is a meaningful market.
Grand Central proximity is structural. Five blocks north of Grand Central Terminal — meaningful for commuters and for access to the broader Manhattan transit network (4/5/6/7/S subway lines + Metro-North + LIRR).
The Murray Hill neighborhood character is specific. Quieter than the Madison Avenue commercial corridor; mix of pre-war cooperative inventory, 19th-century townhouses, and newer construction; proximate to the East 30s subway access and the broader Midtown East commercial corridor.
Confirm specific policies directly with management. Financing posture, flip tax structure, sublet specifics, pied-à-terre allowance, and the current capital expenditure pipeline should be obtained during contract review.
Board approval follows Murray Hill pre-war norms. Strong financial profile, professional accomplishment, primary-residence intent are central criteria — though somewhat less rigorous than the trophy Park Avenue Gold Coast / Carnegie Hill standard.
Renovation is constrained by pre-war character. Interior renovations require Alteration Agreement and board review; exterior modifications constrained by historic district status (verify boundary).
What to know if you’re selling
Pricing should reference Murray Hill comparables, not trophy Park Avenue peers. Listing copy should accurately position the building in its Murray Hill tier rather than overreaching toward the Gold Coast benchmark.
Marketing should emphasize neighborhood walkability and Grand Central proximity. Murray Hill buyers are typically prioritizing access to Midtown employment, Grand Central commuting, and the Madison Avenue / East 30s neighborhood character.
Pricing requires apartment-level comparable analysis. Floor altitude, exposure, configuration, and renovation history all matter.
Closing timelines are co-op standard. 6–10 weeks from contract signing to closing.
Comparable buildings
If you're considering 71 Park Avenue, also evaluate:
- 10 Park Avenue — nearby pre-war Murray Hill peer
- 35 Park Avenue — nearby pre-war Murray Hill peer
- 45 Park Avenue — 2007 Murray Hill condominium peer (different building type)
- 67 Park Avenue — immediate Murray Hill peer
- The Carlton Regency (137 East 36th) — nearby cooperative
- Murray Hill Mews — nearby cooperative inventory
The Roebling Team at 71 Park Avenue
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the Murray Hill cooperative tier. We publish this building profile because Murray Hill buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
We hold first-party documentation on 71 Park Avenue, including the original Offering Plan (Volume I, 59MB) in the Roebling Research Library. This allows us to advise buyers and sellers with substantially greater accuracy than building-name-recognition alone permits.
If you're considering a purchase or sale at 71 Park, a 30-minute consultation is the right starting point.