- Year built
- 1940
- Type
- Condominium
- Units
- 60
- Floors
- 20
- Landmark
- Designated
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2013–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,654
- Listing discount
- 6.9%
- Recorded sales
- 87
- On record
- 2013–2026
737 Park Avenue is one of the clearest examples of the Park Avenue prewar reborn for the modern luxury market. Designed by Sylvan Bien in 1940 for the Minskoff family, the 20-story Art Deco tower stood for most of its life as a rental at the northeast corner of Park Avenue and East 71st Street — one of the most desirable corners on the avenue, in the heart of Lenox Hill. In 2014, Macklowe Properties converted it to a 60-residence condominium, retaining Handel Architects and Moed de Armas & Shannon to gut-renovate the building and reduce the original count of more than 100 apartments into larger, contemporary residences.
The proposition is distinctive. Buyers get the architecture and address of a Park Avenue prewar — a 1940 Bien tower at a trophy corner inside the Upper East Side Historic District — paired with the things that prewar cooperatives almost never offer: condominium ownership, faster closings, financing flexibility, pied-à-terre and investment use, and a streamlined purchase process. On Park Avenue, where the inventory is overwhelmingly cooperative, a full-floor-scale prewar condominium is a genuine rarity, and 737 Park is among the most prominent.
The 2014 conversion also reset the building's interiors and systems to a 21st-century standard while keeping the proportions and presence of the original. The result is a building that reads as established Park Avenue from the street and as contemporary luxury inside.
Architecture and unit composition
737 Park is a 20-story Art Deco tower — Sylvan Bien's 1940 design carrying the streamlined massing and detailing of its era, anchoring a prime Park Avenue corner. The Macklowe conversion preserved that exterior character while comprehensively renovating the building behind it.
The 60 residences were created by combining and reconfiguring the original apartment plan into larger layouts, with solid oak floors, new casement windows, and high-specification kitchens and baths. The scale of the new apartments — substantial living, dining, and bedroom proportions — is part of the building's appeal, recalling the generosity of prewar full-floor planning in a contemporary package. Floor altitude, exposure, and configuration drive meaningful pricing variation; corner and higher-floor residences capture the strongest light and views.
Building operations
737 Park Avenue operates as a full-service, white-glove condominium: a 24-hour doorman with elevator operators, a resident manager, a fitness center, a children's playroom, and private, bicycle, and stroller storage. The service model is calibrated to a 60-residence luxury building at a Park Avenue corner.
Because the building is a condominium, the ownership mechanics are flexible by structure — financing, sublet, and pied-à-terre rights run with the declaration rather than a board's discretion, and pets are permitted under the condominium rules. Common charges and property taxes are substantial at this tier; any building-specific financial particulars (assessment history, reserve posture) are worth reviewing at offer stage.
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 |
|---|---|---|---|---|---|
| Apr 8, 2026 | 4E | 2 BR · 2.5 BA · 1,552 sf | $3,650,000 | $2,352/sf | -8.6% |
| May 14, 2025 | 15E | 5 BR · 7.5 BA · 4,382 sf | $13,750,000 | $3,138/sf | -7.1% |
| Jun 27, 2024 | 9C | 3 BR · 3.5 BA · 2,915 sf | $8,175,000 | $2,804/sf | -7.6% |
| May 14, 2024 | 3G | 2 BR · 2.5 BA · 1,838 sf | $2,800,000 | $1,523/sf | -9.7% |
| Mar 7, 2024 | 2G | 2 BR · 2.5 BA · 1,828 sf | $3,600,000 | $1,969/sf | -6.5% |
| Nov 16, 2023 | 11E | 5 BR · 7.5 BA · 4,719 sf | $13,000,000 | $2,755/sf | -3.3% |
| Sep 11, 2023 | 16E | 4 BR · 4.5 BA · 3,845 sf | $11,200,000 | $2,913/sf | -13.5% |
| Apr 19, 2023 | 2B | 3 BR · 3.5 BA · 2,563 sf | $5,741,719 | $2,240/sf | -2.7% |
Market read. Most recent trades (2026) cleared a median $2,654/sf across 1 sale. Median listing discount 6.9% 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 24, 2013 | — | $1,200,000 |
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 1-01406-7504) 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
You are buying a Park Avenue prewar with condominium flexibility. A 1940 Bien tower at a trophy corner, with condominium ownership, is a rare combination on the avenue.
The 2014 gut renovation is structural. Systems, layouts, and finishes were comprehensively reset; the apartments are large by design.
The condominium structure is the differentiator. Faster closings, financing flexibility, and pied-à-terre and investment use distinguish it from the surrounding Park Avenue cooperatives.
Pets are permitted under the condominium rules.
Confirm current financial particulars at offer stage. Common charges, property taxes, any active assessment, and reserve posture should be reviewed in the offering plan and financials during contract review.
What to know if you’re selling
Lead with the corner, the architect, and the condominium structure. A Bien Art Deco prewar at Park and 71st, gut-renovated and condominium-owned, is the most marketable story on the avenue.
Pricing is apartment-specific. Floor, exposure, configuration, and finish move value substantially; comparable selection is decisive.
Closing timelines are condominium-fast. 30–45 days from contract to closing is typical.
Comparable buildings
If you're considering 737 Park Avenue, also evaluate:
- 740 Park Avenue — the Candela/Roth cooperative directly across the avenue
- 720 Park Avenue — Candela cooperative nearby on Park
- 770 Park Avenue — Lenox Hill Park Avenue cooperative peer
- 515 Park Avenue — newer Park Avenue condominium
- 525 Park Avenue — Lenox Hill Park Avenue condominium
- 40 East 66th Street — nearby prewar converted to condominium
The Roebling Team at 737 Park Avenue
The Roebling Team at Compass specializes in the Upper East Side, Central Park West, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue buyers and sellers deserve building-specific intelligence — architecture, conversion history, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 737 Park Avenue, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
Get the full picture on this building.
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