Park House

Park House is a condo located 116 Central Park South, in Theater District, New York. The building was first built in 1950 and is 74 years old. It was first renovated and altered in 1986. The lot that the building was built on is 25 feet wide and 201 feet long. The official lot area is listed as 13,512 square feet. The building itself is 117 feet wide and 101 feet long. In total, 116 Central Park South has a total floor area of 91,075 square feet. Of that, 78,240 square feet are used for residential purposes. About 12,835 square feet of the building are used for commercial purposes. There are a total of 81 units. Of those, 79 are residential units. There are 2 commercial units. 116 Central Park South has a total of 18 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 116 Central Park South.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 322 closings on record, of which we have matching data for 25 listings. In the past 3 years, a listing in this building will typically remain on the market for about 152 days and tend to sell below the original asking price of $1,400,000 by 13.16%. Meaning, listings tend to sell at a median of $1,538 price per square foot. The transaction that took the longest to complete was unit 7E, listed on Apr 29, 2015 for $950,000. This particular unit ultimately sold 365 days later for $825,000. The most recent transaction was for unit 5B, sold for $995,000 on May 18, 2023. Fun fact, the oldest transaction we have on record took place on Apr 05, 1990. See the full transaction history for Park House below.

Theater District, where 116 Central Park South is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,400,000. For interested buyers, that means the building's median asking price is around 0.30% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $825,000. It is a 595 sqft studio and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $785,000. It is a 516 sqft studio and 1 bathroom unit. A breakdown of active listings shows 2 studio, no one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $805,000. Collectively, the median square footage of these active units for sale is 556 sqft. Active units for sale at 116 Central Park South are mostly studio apartments and have a median count of 1 bathroom.