Grand, sun-flooded 3 bedroom residence with soaring 10+ foot ceilings and panoramic skyline views of Park Avenue and beyond -- reaching all the way to the East River. This elegant home is abound with classic pre-war details featuring: crown, dental and chair rail moldings, beautiful herringbone floors, oversized windows and copious closet space. One enters from the semi-private elevator landing into a stately formal entry gallery where a paneled archway leads to the 27-foot, expansive corner living room, with multiple seating areas and a marble-mantled gas fireplace. The traditional formal dining room is accessed from the living room through pocket doors, making this sublime home perfect for large or intimate entertaining. Off the dining room is a spacious windowed kitchen with glass-front cabinets and granite countertops replete with a sizeable walk-in pantry. On the far side of the gallery is the well-appointed library lined with custom bookcases, built-ins and a charming dry bar. The shared en-suite bath connects to the spacious second bedroom with light-filled Eastern views. A long, private hallway lined with mirrored floor-to-ceiling wardrobes accesses the enormous corner primary bedroom with walk-in closet and a luxurious en-suite bath. There is central air in the public rooms and a basement storage unit is included. Can be combined with neighboring apartment 16AE to create a full floor residence.
Built in 1917 by renowned architect J.E.R. Carpenter, 550 Park Avenue is one of the City's premier, full-service co-ops in close proximity to Central Park and the best shops and restaurants. Washer/Dryer and pets allowed. Up to 50% financing is permitted and a 3% flip tax is paid by the purchaser.
Listed by Jill Roosevelt
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License #30RO0881694
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Brown Harris Stevens Residential Sales LLC
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(212) 906-9340
Last updated September 02, 2025
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Source: REBNY #RLS20014596
Listing Facts
TypeCo-op
NeighborhoodLenox Hill
Bedrooms3
Bathrooms2
Days on Prevu154
HOA/Maint. Fees$11,487/month
Size2,650 sqft
Price per sqft$1,698
Amenities
Private Outdoor Space
Pets Allowed
Concierge
Location
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Listing History
09/02/2025
Price Decreased
$4,500,000
06/04/2025
Price Decreased
$4,950,000
04/07/2025
Listed by Brown Harris Stevens Residential Sales LLC
$5,250,000
Estimated Closing Costs
Total
$77,000
Attorney Fees
$4,000
NYC Mansion Tax
$67,500
Bank Attorney
$1,500
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $4,500,000 and a 50% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 550 Park Avenue 16C
Association
Amenities
Pets Allowed: Building Yes, Yes
Concierge: Doorman Full Time, Elevator Attendance Part Time
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.