71 Park Avenue
71 Park Avenue, New York, NY 10016
BBL 1008947503 · BIN 1019123
- Year built
- 1924
- Type
- Condominium
- Units
- 43
- Floors
- 13
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Doorman
- Full-time doorman
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, 2026 to date
- $1,302
- floor-adjusted, 5 sales
- Listing discount
- 1.4%
- Recorded sales
- 41
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 71 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.
71 Park Avenue is a pre-war condominium among the Murray Hill residential buildings 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 Park Avenue Murray Hill residential buildings — 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. Subletting and pied-à-terre use are permitted under the building's documented terms; confirm the current rules, financing limits and approval process in the governing documents.
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 profile describes a classical exterior with a rusticated limestone base and red stucco above. Building vintage alone does not establish the interior plans; use the offering plan and unit floor plans to confirm apartment features.
Features to confirm for the specific apartment:
- 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 the avenue to the buildings opposite. 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 condominium with full-time doorman, attended elevator, on-site superintendent, and private storage. Specific operational details — condominium entity, managing agent, financing posture, flip tax structure, sublet policy specifics, pied-à-terre allowance — should be confirmed directly with property management during due diligence.
Confirm the board's current financing, liquidity, ownership and occupancy requirements from the governing documents and application instructions; subletting and pied-à-terre use are documented as permitted.
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.
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $700 (If Broker involved), $750 (If no Broker involved) | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Check FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $75 per applicant/occupant (LLC required to submit fee for business credit check - if applicable) | Refundable Non-refundable |
| Messenger Fees | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Move-In Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Working Capital Contribution | Paid by Buyer | When With the application | Amount Equal to 1 month's common charges | Refundable Non-refundable |
| Closing Document Preparation Fee | Paid by Seller | When With the application | Amount $500 | Refundable Non-refundable |
| Move-Out Fee | Paid by Seller | When With the application | Amount $500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable Refundable |
Rental or lease
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Fee | Paid by Landlord | When With the application | Amount $500 | Refundable Non-refundable |
| Application Processing FeeConditional | Paid by Tenant | When With the application | Amount $700 (If Broker involved), $750 (If no Broker involved) | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Tenant | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Check FeeConditional · Per applicant | Paid by Tenant | When With the application | Amount $75 per applicant/occupant (LLC required to submit fee for business credit check - if applicable) | Refundable Non-refundable |
| Move-In Fee | Paid by Tenant | When With the application | Amount $500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Landlord | When With the application | Amount $500 | Refundable Refundable |
| Move-In Deposit | Paid by Tenant | When With the application | Amount $500 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Lease Renewal Fee | Paid by Landlord | When With the application | Amount $500 | 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
- Guarantors
- PermittedSource: building management's published schedule, as of September 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of September 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of September 2026
- Parent buying for a student child
- 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.
- Leasing by owners
- PermittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- 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.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,008 per room a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.73 per square foot a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $2.32 per square foot a monthMedian of 5 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.40 per square foot a monthMedian of 5 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- StorageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $43,127/yr
- Per unit / month range
- $0 – $84
- Modeled exposure split equally across 43 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Sep 14, 2026 | 8A | 2 BR · 1 BA · 1,200 sf | $1,350,000 | $1,125/sf | — |
| Sep 2, 2026 | 6B | 2 BR · 2.5 BA · 1,076 sf | $1,450,000 | $1,348/sf | -12.1% |
| Mar 20, 2026 | PHB | 1 BR · 1 BA · 700 sf | $925,000 | $1,321/sf | -17.8% |
| Mar 6, 2026 | 11B | 2 BR · 2 BA · 1,200 sf | $1,439,888 | $1,200/sf | -4.0% |
| Feb 3, 2026 | 10AB | 4 BR · 3 BA · 2,162 sf | $3,400,000 | $1,573/sf | — |
| Feb 2, 2026 | 12A | 2 BR · 2 BA · 1,348 sf | $1,525,000 | $1,131/sf | +2.0% |
| Dec 22, 2025 | 3C | 2 BR · 2 BA · 1,098 sf | $925,000 | $842/sf | -15.5% |
| Aug 24, 2022 | 9C | 2 BR · 2 BA · 1,098 sf | $1,110,000 | $1,011/sf | -6.3% |
Market read. Most recent trades (2026 to date) cleared a median $1,302/sf (floor-adjusted) across 5 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.4% 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.
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; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.
Closed rents at 71 Park Avenue, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 2 | $4,000 |
| 2 bedroom | 2 | $6,150 |
4 closed leases, October 2023 to September 2026. Most recent lease September 2025. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 71 Park Avenue and nearby.
At the recent median sale of $1.44M (7 sales in the past 24 months, since November 13, 2024), a buyer putting 25% down would pay about $61,800 to close, or 4.3% of the price.
- Mansion tax: $14,399
- Mortgage recording tax: $20,788
- Title insurance: $6,479
- Attorneys, lender, building fees, reserves and filings: $20,133
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 71 Park Avenue and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like 71 Park Avenue.
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What to know if you’re buying
The Murray Hill tier offers materially more accessible pricing than the trophy Park Avenue Gold Coast. At full-year 2025 The Roebling Index puts the Murray Hill cooperative median at $196,167 per room, against $284,167 in Lenox Hill and $342,344 in Carnegie Hill — Murray Hill trading roughly 31% below Lenox Hill and 43% below Carnegie Hill, on 254, 843 and 206 index-eligible sales respectively. Co-operatives are measured per room rather than per square foot, because co-op square footage is not officially recorded. These are neighborhood medians, not a like-for-like comparison of two specific apartments. 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. South 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.
Approval criteria must be confirmed. Leasing by owners and pied-à-terre use are permitted; confirm the building's current financing, ownership and occupancy requirements from its governing documents and application instructions.
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.
Confirm the closing schedule. Management's application requirements, any required waiver, financing, title and the contract determine the timetable; do not assume a co-op approval schedule.
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
More Park Avenue buildings
- 45 Park Avenue — 2006 condominium by Costas Kondylis & Partners
- 50 Park Avenue — 1940 co-op
- 67 Park Avenue — 1921 co-op by Schwartz & Gross
- 77 Park Avenue (The Griffon) — 1924 condominium
- 80 Park Avenue — 1954 condominium by Paul Resnick
- Ritz Tower (465 Park Avenue) — 1926 condop by Emery Roth
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
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 71 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