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550 Park Avenue 16CNew York, NY 10065

For Sale

$4,500,000

Smart Buyer Rebate $56,250

PARK AVENUE GRANDEUR

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

Mortgage Calculator

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

Fees

  • Association Fee: $11,487.00 Monthly

Financial

  • Flip Tax: 3.0%
  • Flip Tax Remarks: BUYER PAYS

Compensation

Commissions

  • Buyer Agency Compensation: 2.5Percent

Exterior

Construction

  • Number Of Units Total: 35
  • Property Condition: Average Condition
  • Stories Total: 17
  • Structure Type: High Rise
  • Building Name: 550 Park Ave Corp
  • Entry Level: 16

Features

  • Building Features: Storage
  • View: City

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Separate/Formal Dining Room

Measurements

  • Living Area: 2,650
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Rooms Total: 6

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Lenox Hill
  • Tax Block: 01376
  • Tax Lot: 0037

Utilities

Equipment

  • Has Cooling: Yes

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

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.