737 Park Avenue
737 Park Avenue, New York, NY 10021
BBL 1014067504 · BIN 1042799
- Year built
- 1940
- Type
- Condominium
- Units
- 60
- Floors
- 20
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Generally allowed in condominiums; not confirmed for this building
- Landmark status
- Not an individual landmark; in the Upper East Side Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Full-time doorman
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, 2026 to date
- $1,454
- floor-adjusted, 3 sales
- Listing discount
- 6.0%
- Recorded sales
- 86
- On record
- 2013–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 737 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.
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 — with condominium ownership: no co-op board admission, with purchases running through the condominium's application and right-of-first-refusal process. Confirm financing, pied-à-terre and investment-use rules in the declaration and by-laws. 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, there is no co-op board admission; purchases run through the condominium's application and right-of-first-refusal process. Confirm financing, sublet, pied-à-terre and pet rules in the current declaration, by-laws and house 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.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,228 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.78 per square foot a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.23 per square foot a monthMedian of 10 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.57 per square foot a monthMedian of 10 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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, playroom, bike storage, 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
- $128,545/yr
- Per unit / month range
- $0 – $167
- Modeled exposure split equally across 64 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 |
|---|---|---|---|---|---|
| Aug 31, 2026 | 7F | 2 BR · 2 BA · 1,629 sf | $1,816,425 | $1,115/sf | -38.4% |
| Jun 25, 2026 | 10A | 3 BR · 3 BA · 2,254 sf | $3,500,000 | $1,553/sf | -16.6% |
| 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 | -5.8% |
| 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% |
Market read. Most recent trades (2026 to date) cleared a median $1,454/sf (floor-adjusted) across 3 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 6.0% 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 1-01406-7504; 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 737 Park Avenue and nearby.
At the recent median sale of $3.58M (4 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $149,747 to close, or 4.2% of the price.
- Mansion tax: $53,625
- Mortgage recording tax: $51,614
- Title insurance: $16,087
- Attorneys, lender, building fees, reserves and filings: $28,420
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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. There is no co-op board admission, unlike the surrounding Park Avenue cooperatives; confirm financing, leasing, pied-à-terre and ownership-entity rules in the current declaration, bylaws and house rules.
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 estimate. 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 — Schwartz & Gross's 1914 Park Avenue condominium
- 40 East 66th Street — nearby prewar converted to condominium
More Upper East Side buildings
- 681 Madison Avenue — 1955 co-op
- 701 Madison Avenue (The Leonori) — 1901 condominium
- 721 Madison Avenue — 1908 co-op
- 760 Madison Avenue (The Giorgio Armani Residences) — condominium by COOKFOX Architects
- 773 Lexington Avenue — 1960 co-op
- 809 Madison Avenue — condominium by Robert A.M. Stern Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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 737 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