721 Madison Avenue
721 Madison Avenue, New York, NY 10065
BBL 1013780048 · BIN 1041044
- Year built
- 1908
- Type
- Cooperative
- 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
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Maximum financing
- 40% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2005–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $1.9M – $1.9M
- Listing discount
- 11.4%
- Recorded transfers
- 17
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Verona 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.
The Verona is one of the most distinguished apartment houses on Madison Avenue — a 1908 palazzo at the corner of East 64th Street, designed by William E. Mowbray and modeled directly on the Palazzo Strozzi, the great Renaissance fortress-house of Florence. At a moment when the luxury apartment building was still a new idea in New York, Mowbray gave Madison Avenue a building of genuine architectural ambition: a rusticated limestone base, detailed Roman-brick upper floors, arched windows and entrance flanked by bronze lamp posts, and an oversized, deeply modeled sheet-metal cornice along the roofline. It remains a landmark of the corridor, and it carries the residential address 32 East 64th Street.
The Verona is a small, white-glove cooperative of large-format apartments — the kind of pre-war scale and craft that buyers seek out and that buyers may value alongside newer alternatives. Its location is among the best in Lenox Hill: the Madison Avenue gallery-and-boutique corridor at the door, Central Park nearby to the west, and the Upper East Side's cultural and retail spine all within a short walk. Over the years the building has drawn a notably accomplished roster of residents, a reflection of its standing as one of Madison's storied addresses.
Architecture and unit composition
The Verona is the rare New York apartment building conceived as a literal homage to a Renaissance palazzo. Mowbray modeled it on the Strozzi Palace, and the influence is legible at street level: the first floor is constructed of rusticated limestone, the upper floors of detailed Roman brick, and the composition is unified by arched windows and a grand arched entrance. The crowning feature is the oversized sheet-metal cornice along the roofline — a tour-de-force of period metalwork, restored in the 1980s to its original profile. The lobby continues the theme with an elegant staircase and the limestone detailing that mark the building's craft.
Inside, the building was built for space. Its apartments are large-format pre-war homes — generous principal rooms, real foyers, and the proportions that define the early luxury cooperative — and the low unit count keeps the building intimate and the per-floor density minimal. This is a building where a single apartment can occupy a substantial share of a floor, and where the scarcity of comparable large layouts underpins value.
Building operations
The Verona is run as a full-service, white-glove cooperative. Staffing includes a full-time doorman, elevator service with attendants, a resident manager, and porters; on-site amenities include a fitness room and storage. The building is pet-friendly, permitting both dogs and cats. On the financial side, the co-op is conservative in the manner of the corridor's top buildings: it permits financing up to 40% of the purchase price and charges a 2% flip tax paid by the buyer at closing. The low financing ceiling signals a board that expects substantial liquidity from purchasers — a standard feature of Madison Avenue's most established cooperatives, and one that buyers should plan for from the outset.
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
- 2% of purchase price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
12 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application processing fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Credit check feePer applicant | Paid by Buyer | When With the application | Amount 200 per applicant | Refundable Non-refundable |
| Elevator Operator Fee | Paid by Buyer | When With the application | Amount $300 | Refundable Non-refundable |
| Litigation Search FeeAdditional applicant | Paid by Buyer | When With the application | Amount $250 | Refundable Not stated |
| Litigation Search FeeRequired | Paid by Buyer | When With the application | Amount $500.00 payable to Armstrong Teasdale for the litigation search in check form | Refundable Not stated |
| Administrative Fee | Paid by Buyer | When At closing | Amount $25 | Refundable Not stated |
| financing fee | Paid by Buyer | When At closing | Amount $300 | Refundable Not stated |
| Monthly maintenance fee | Paid by Buyer | When At closing | Amount To be determined | Refundable Not stated |
| Administrative Fee | Paid by Shareholder | When At closing | Amount $25 | Refundable Not stated |
| Elevator Operator Fee | Paid by Shareholder | When At closing | Amount $300 | Refundable Non-refundable |
| Managing Agent Transfer fee | Paid by Shareholder | When At closing | Amount $750 | Refundable Not stated |
| NYS Transfer Tax Stamps feePer shareRequired | Paid by Shareholder | When At closing | Amount $0.05 per share | Refundable Not stated |
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
- 40% of the purchase priceSource: 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 verified
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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness roomSource: 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
- $82,496/yr
- Per unit / month range
- $0 – $255
- Modeled exposure split equally across 27 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 data last refreshed October 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 inspector (QEWI) 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 — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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 |
|---|---|---|---|---|---|
| Jul 9, 2026 | 5E | 4 BR · 4.5 BA | $3,760,000 | -5.9% | |
| Jul 16, 2025 | 7NE | 2 BR · 1.5 BA | $1,900,000 | -11.6% | |
| Nov 22, 2022 | 5NE | 1 BR · 1.5 BA | $2,650,000 | -5.4% | |
| Dec 14, 2021 | 7NE | 2 BR · 1.5 BA | $1,750,000 | -12.5% | |
| Dec 2, 2021 | 9W | 5 BR · 4 BA · 5,000 sf | $13,000,000 | $2,600/sf | -21.2% |
| Aug 3, 2021 | 6NW | 5 BR · 4.5 BA · 4,700 sf | $10,000,000 | $2,128/sf | +0.0% |
| Nov 5, 2020 | 3W | 5 BR · 4.5 BA | $15,350,000 | -12.3% | |
| Jun 11, 2019 | 9E | 4 BR · 3.5 BA | $9,950,000 | -26.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $2,364/sf (recorded) across 2 sales. The building has traded as recently as 2026. Median listing discount 10.7% 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 1-01378-0048). 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 The Verona 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 The Verona and its market
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What to know if you’re buying
You are buying a landmark palazzo with large pre-war layouts. The Strozzi-inspired architecture, the craftsmanship, and the scale of the apartments are the product — scarce, intact; compare these features with the actual alternatives. Underwrite the building as a trophy Madison Avenue cooperative.
Plan for the financial profile. Financing is capped at 40% of the purchase price — purchasers should expect to bring substantial equity, as the board's posture is consistent with the corridor's most conservative buildings. Budget the 2% flip tax, which is paid by the buyer here.
The location is best-in-class. Madison Avenue retail at the door, Central Park nearby to the west, and the full sweep of the Upper East Side's culture and shopping within a short walk — paired with full white-glove service and a fitness room on site.
What to know if you’re selling
Lead with the architecture and the landmark standing. A 1908 palazzo modeled on the Palazzo Strozzi, within the Upper East Side Historic District, is a story unto itself — position the building on its design pedigree and its place among Madison's storied addresses first.
Assess the current competitive set. The building has 27 large apartments; establish turnover from dated sales and compare current competing listings rather than inferring scarcity or uniqueness from that count.
Benchmark to Madison's landmark cooperatives. Comparable analysis belongs against the corridor's most distinguished pre-war co-ops and the broader Park-and-Fifth trophy tier, not against generic Lenox Hill inventory — the architecture, the scale, and the white-glove service set the building's class.
Comparable buildings
If you're considering The Verona, also evaluate these nearby Upper East Side cooperatives:
- 660 Park Avenue — Park Avenue pre-war cooperative nearby
- 640 Park Avenue — landmark Park Avenue cooperative
- 681 Madison Avenue — Madison Avenue cooperative to the south
- 710 Park Avenue — Park Avenue building nearby
- 1 East 66th Street — landmark cooperative near Central Park
More Upper East Side buildings
- 605 East 82nd Street — 1953 co-op
- 681 Madison Avenue — 1955 co-op
- 701 Madison Avenue (The Leonori) — 1901 condominium
- 737 Park Avenue — 1940 condominium by Sylvan Bien
- 760 Madison Avenue (The Giorgio Armani Residences) — condominium by COOKFOX Architects
- 773 Lexington Avenue — 1960 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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 The Verona?
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