The Prasada (50 Central Park West)
50 Central Park West, New York, NY 10023
- Year built
- 1907
- Type
- Cooperative
- Units
- 47
- Floors
- 12
- Landmark
- Designated
- Subletting
- Permitted with board approval; per-sublet fee = 10% of yearly sublet rent
Every recorded sale at this building, 1995–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 4BR+ median
- $6.7M
- Recent range
- $2.4M – $6.7M
- Listing discount
- 4.9%
- Recorded transfers
- 47
The Prasada is among the earliest tier-one residential cooperatives on Central Park West — a Beaux-Arts and French Second Empire composition completed in 1907 by Charles W. Romeyn & Henry R. Wynne. The building predates the Art Deco twin-tower era by more than two decades and represents the early luxury apartment-house tradition that established CPW as a residential corridor. Its limestone base, sculptural ornamentation, and (originally) mansard roof crowns were a deliberate translation of Parisian residential design into Manhattan apartment-house form.
The building's most notable architectural moment in its history was a 1919 alteration that controversially removed the original mansard roof and replaced it with a twelve-foot masonry parapet — a change broadly regretted by preservationists and credited with diminishing some of the building's original silhouette. A 1999 lobby redesign by Ehrenkrantz Eckstut & Kuhn restored some of the entry's pre-war intimacy.
For buyers who want pre-war architecture, intimate scale, and a discreet southern-CPW location — close to Lincoln Center and Columbus Circle but quieter than the Art Deco twin-towers further north — the Prasada occupies a particular niche. Its 47-unit count places it among the smaller tier-one CPW buildings, in the same intimate-institutional category as the Dakota, Langham, and Brentmore.
Architecture and unit composition
The Prasada's original 1907 plan distributed apartments three per floor — two ten-room layouts facing Central Park West and an eight-room rear apartment. Since the building's history, a number of these have been subdivided into smaller units while others have been combined into expansive multi-floor configurations, producing the building's current ~47-unit count.
Pre-war signatures throughout: high ceilings, formal entry galleries, library-living combinations, kitchens that have been renovated multiple times across the building's 119-year history. The original French Second Empire detailing is preserved to varying degrees apartment-to-apartment.
Park-facing apartments occupy the eastern flank with direct Central Park views from low to high floors. Corner Park-facing units (Park + cross-street exposure) command meaningful view premium.
Building operations
The Prasada operates as a full-service tier-one CPW co-op with a service signature appropriate to its small unit count: 24-hour doorman, attended elevator service, on-site superintendent, laundry, and private storage. The smaller resident roster produces the relational density characteristic of intimate pre-war co-ops.
The building participates in the NYC Cooperative & Condominium Property Tax Abatement Program for qualifying primary-residence shareholders. Board review is rigorous, with the smaller building scale producing a process that emphasizes both financial qualification and lifestyle fit.
Financing at the Prasada is conservative: maximum financing is 50% of purchase price, in line with the most restrictive CPW co-ops (San Remo, 55 CPW). Buyers should plan for at least 50% cash at close plus substantial post-close liquidity reserves.
Flip tax: 2% of purchase price, paid by the Buyer — an atypical allocation among Manhattan co-ops, where seller-paid flip taxes are more common. Buyers should add this to total acquisition cost modeling.
Subletting is permitted with board approval; the sublet fee equals 10% of yearly sublet rent — meaningful for investor-pattern owners.
Property is managed by AKAM.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $20,534/yr
- Per unit / month range
- $0 – $39
Recent sales
Recent transfers 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 9, 2026 | 5CD | 5 BR · 3.5 BA · 3,300 sf Closed Apr 10, 2026 (recorded Apr 9) at $6.65M — 4.86% under the $6.99M asking. 5CD — 5BR/3.5BA at 3,300 sqft = ~$2,015/sqft. Combined apartment on the 5th floor. | $6,650,000 | $2,015/sf | -4.9% |
| Aug 29, 2025 | 8B | 4 BR · 2.5 BA Closed Aug 19, 2025 (recorded Aug 22) at $5.9M — 1.58% under the $5.995M asking. 8B — 4BR/2.5BA. Near full-ask close. | $5,900,000 | -1.6% | |
| May 28, 2024 | 10D | 1 BR · 1 BA Closed May 16, 2024 (recorded May 23) at $1.1M — 4.35% under the $1.15M asking. 10D — small 1BR. Same #10D previously $1.095M (Jan 2011) — virtually flat across 13 years on this specific apartment. | $1,100,000 | -4.3% | |
| Apr 3, 2024 | 1B | 1 BR · 2 BA · 2,434 sf Closed Mar 25, 2024 (recorded Mar 27) at $2.5M — 9.09% under the $2.75M asking. 1B — 1BR at 2,434 sqft = ~$1,027/sqft. Ground-floor B-line. | $2,500,000 | $1,027/sf | -9.1% |
| Feb 29, 2024 | 8A/9A | 6 BR · 5.5 BA · 5,000 sf Closed Feb 28, 2024 at $16.9M — 6.06% under the $17.99M asking. 8A/9A duplex — 6BR at 5,000 sqft = ~$3,380/sqft. Substantial trophy combination. Same combination cross-cycle: $16M (Jul 2014) → $22.1M (Jun 2016) → $16.9M (Feb 2024) — 23.5% nominal decline from the 2016 peak across 7.7 years on this specific configuration. | $16,900,000 | $3,380/sf | -6.1% |
| Jan 5, 2024 | 1C | 2 BR · 3 BA · 2,475 sf Closed Dec 15, 2023 (recorded Jan 4, 2024) at $2.4M — 4% under the $2.5M asking. 1C — 2BR at 2,475 sqft = ~$970/sqft. Same #1C cross-cycle: $2.9M (Dec 2007) → $2.449M (Oct 2018) → $2.4M (Dec 2023) — modest 17% nominal decline across 16 years on this specific apartment. | $2,400,000 | $970/sf | -4.0% |
| Apr 25, 2022 | 2C | 3 BR · 2.5 BA Closed Apr 8, 2022 (recorded Apr 18) at $3.7M — 7.38% under the $3.995M asking. 2C — 3BR/2.5BA lower-floor C-line. | $3,700,000 | -7.4% | |
| Mar 1, 2022 | 9C | 3 BR · 2 BA Closed Nov 16, 2021 (recorded Nov 18) at $4.9M — 1.90% under the $4.995M asking. 9C — 3BR. Tight discount-to-ask. | $4,900,000 | -1.9% |
Market read. Most recent trades (2026) cleared a median $2,340/sf across 1 sale. Median listing discount 4.0% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Nov 20, 2017 | 7D | $1,000,000 |
| Sep 14, 2023 | RF12A | $522,917 |
| Jun 15, 2016 | 4A | $2,280,880 |
| Oct 23, 2012 | 3C | $5,262,500 |
| Jun 20, 2008 | 11C | $2,014,800 |
| Jan 27, 2008 | MAIS-C | $2,950,000 |
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 1-01117-0036) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Board approval is rigorous, with intimate institutional culture. The building's small scale produces a board review process that emphasizes both financial qualification and lifestyle fit. Strong personal references and primary-residence intent are advantageous.
Pied-à-terre approval is uncommon. The board generally prefers primary-residence buyers given the building's intimate scale.
Financing is conservatively capped. At 50% maximum financing, the Prasada requires substantially more cash-at-close than typical NYC co-ops (which often allow 70–80%). This narrows the buyer pool to those with the liquidity to deploy at least half the purchase price in cash, plus reserves for post-close.
Buyer-paid flip tax is unusual. Unlike most NYC co-ops where the seller pays the transfer fee, the Prasada's 2% flip tax is allocated to the Buyer. This effectively adds 2% to total acquisition cost and should be modeled into the buyer's underwriting from the start.
Renovation is constrained by historic district status and the building's age. The 1907 vintage means substantial original detail to preserve; renovation that respects this is the expected path.
View permanence is excellent. Central Park at the eastern flank; West 65th and 66th are residential streets with stable building heights.
What to know if you’re selling
Pricing requires apartment-specific judgment. With a small unit count and apartment-to-apartment variation from the original three-per-floor plan, comparable sales analysis benefits from broker familiarity with the building's specific inventory dynamics.
Buyer pool is narrow but committed. The Prasada appeals to buyers who specifically want pre-war Beaux-Arts architecture, smaller building scale, and the financial capacity to absorb both the 50% financing cap and the buyer-paid flip tax. The pool is not large but is typically well-matched and conviction-buying.
Mansion tax effects matter. Apartments routinely transact above the $5M threshold; combined-floor configurations above $10M.
Closing timelines are co-op standard. 4–8 weeks from contract signing to closing.
Comparable buildings
If you're considering The Prasada, also evaluate:
- The Langham (135 CPW) — pre-war co-op, similar intimate scale (54 units)
- The Brentmore (88 CPW) — pre-war co-op, smallest tier-one CPW (28 units)
- The Dakota (1 W 72nd) — adjacent CPW co-op, oldest tier-one
- 55 Central Park West — pre-war co-op, southern CPW positioning, similar 50% financing cap
- The Apthorp (390 West End at 79th) — pre-war landmark, larger institutional culture
The Roebling Team at The Prasada
The Roebling Team at Compass specializes in Central Park West, the Upper West Side, and the broader Park-facing Manhattan market. We publish this building profile because CPW buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and the realities of pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at The Prasada, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, board approvability, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.