16 PARK Avenue #10B
About This Property
With south, north, and west exposures, including views of the Empire State Building and Park Avenue, this home features excellent pre-war details such as 9'-high beamed ceilings, architectural moldings, and original hardwood floors.
The layout also boasts an eat-in windowed kitchen with stainless steel appliances, including a Bosh dishwasher, windowed bath, french doors throughout the apartment, and built-ins in the bedroom to additional custom-fitted closets.
With only 4 apartments per floor, this boutique, classic building offers a full-time doorman, central laundry, storage room and bike room, and a live-in super. Wonderful central location: close to Midtown restaurants, Broadway theaters, nightlife, subways, and Grand Central, as well as department stores and Fifth Avenue shopping. Pieds-a-terre (weekend home residents) and Guarantors/Co-purchasers allowed!
Pets welcome.
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 11, 2024 | Price Decreased |
$625,000
↓ $20K
(3.1%)
|
|
Price Decreased | |||
Sep 4, 2024 | Relisted | $645,000 | |
Relisted | |||
Sep 3, 2024 | No longer available | - | |
No longer available | |||
Sep 29, 2023 | Listed by Brown Harris Stevens Residential Sales LLC | $645,000 | |
Listed by Brown Harris Stevens Residential Sales LLC | |||
Feb 10, 2023 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/22/2024
|
2 Bed
|
1 Bath
|
1006 ft²
|
$739,000
2 Bed
1 Bath
1006 ft²
|
$739,000
04/25/2024
|
-
|
Forbes Phillips
Brown Harris Stevens Residential Sales LLC
|
|
01/02/2024
|
1 Bed
|
1 Bath
|
-
|
$690,000
1 Bed
1 Bath
|
$620,000
-10.14%
08/29/2024
|
-
|
Tara Steppacher
Sothebys International Realty
|
|
10/04/2023
|
1 Bed
|
1 Bath
|
-
|
$545,000
1 Bed
1 Bath
|
$515,000
-5.50%
06/20/2024
|
-
|
Joseph Guzzo
The Corcoran Group
|
|
09/06/2023
|
1 Bed
|
1 Bath
|
-
|
$645,000
1 Bed
1 Bath
|
$589,000
-8.68%
05/30/2024
|
-
|
Norhana Ariffin
Halstead Property, LLC
|
|
05/17/2023
|
1 Bed
|
1 Bath
|
-
|
$475,000
1 Bed
1 Bath
|
$615,000
+29.47%
07/10/2023
|
Forbes Phillips
Brown Harris Stevens Residential Sales LLC
|
||
10/24/2022
|
1 Bed
|
1 Bath
|
-
|
$595,000
1 Bed
1 Bath
|
$572,000
-3.87%
05/19/2023
|
Anne Cion-Gruenberger
Coldwell Banker Warburg
|
||
03/24/2022
|
1 Bed
|
1 Bath
|
820 ft²
|
$725,000
1 Bed
1 Bath
820 ft²
|
$610,000
-15.86%
02/07/2023
|
Jodie Lazar
Douglas Elliman Real Estate
|
||
01/27/2022
|
1 Bed
|
1 Bath
|
-
|
$635,000
1 Bed
1 Bath
|
$585,000
-7.87%
12/22/2022
|
Denae Montesi
William Raveis New York City LLC
|
||
09/09/2021
|
1 Bed
|
1 Bath
|
-
|
$575,000
1 Bed
1 Bath
|
$575,000
01/24/2022
|
Tyler Shields
Sothebys International Realty
|
||
07/27/2021
|
1 Bed
|
1 Bath
|
-
|
$645,000
1 Bed
1 Bath
|
$645,000
02/25/2022
|
Tyler Shields
Sothebys International Realty
|
||
07/05/2021
|
1 Bed
|
1 Bath
|
-
|
$699,000
1 Bed
1 Bath
|
$448,000
-35.91%
08/13/2012
|
-
|
Nicholas Gross
Compass
|
|
09/14/2020
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$587,000
-17.90%
02/02/2022
|
-
|
Lilyan Bell
Halstead Property, LLC
|
|
05/10/2019
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$700,000
-3.45%
11/06/2019
|
Paul Anand
Brown Harris Stevens Residential Sales LLC
|
||
06/12/2018
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$655,000
-9.66%
02/26/2019
|
Jocelyn Zadrozny
Brown Harris Stevens Residential Sales LLC
|
||
04/11/2018
|
1 Bed
|
1 Bath
|
-
|
$599,000
1 Bed
1 Bath
|
$550,000
-8.18%
05/02/2019
|
-
|
Christopher Korey
Christopher Korey, LREB
|
|
09/26/2017
|
1 Bed
|
1 Bath
|
-
|
$699,900
1 Bed
1 Bath
|
-
-
|
-
|
Lawrence Lee
Triplemint
|
|
09/02/2017
|
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
04/19/2017
|
1 Bed
|
1 Bath
|
-
|
$795,000
1 Bed
1 Bath
|
$795,000
07/13/2017
|
Joshua Wesoky
Compass
|
||
04/19/2017
|
1 Bed
|
1 Bath
|
-
|
$685,000
1 Bed
1 Bath
|
-
-
|
-
|
Paul Anand
The Corcoran Group
|
|
10/20/2016
|
1 Bed
|
1 Bath
|
-
|
$685,000
1 Bed
1 Bath
|
-
-
|
-
|
Paul Anand
The Corcoran Group
|
|
05/01/2015
|
1 Bed
|
1 Bath
|
-
|
$850,000
1 Bed
1 Bath
|
$800,000
-5.88%
08/05/2015
|
Bonnie Goldner
Brown Harris Stevens Residential Sales LLC
|
||
04/20/2015
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$620,000
-4.62%
08/12/2015
|
Bonnie Goldner
Brown Harris Stevens Residential Sales LLC
|
||
04/15/2015
|
2 Bed
|
1 Bath
|
-
|
$975,000
2 Bed
1 Bath
|
$789,144
-19.06%
08/07/2015
|
Louise Phillips Forbes
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
03/30/2015
|
3 Bed
|
3 Bath
|
-
|
$3,000,000
3 Bed
3 Bath
|
-
10/15/2015
|
Bonnie Goldner
Brown Harris Stevens Residential Sales LLC
|
||
03/30/2015
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$640,000
-1.54%
08/10/2015
|
Bonnie Goldner
Brown Harris Stevens Residential Sales LLC
|
||
02/26/2015
|
1 Bed
|
1 Bath
|
-
|
$595,000
1 Bed
1 Bath
|
$576,000
-3.19%
06/30/2015
|
-
|
Barbara Sagan
Corcoran Group
|
|
09/22/2014
|
1 Bed
|
1 Bath
|
850 ft²
|
$595,000
1 Bed
1 Bath
850 ft²
|
$586,000
-1.51%
12/15/2014
|
Kathryn Johnson
TOWN Residential, LLC.
|
||
07/18/2014
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$576,000
-11.38%
06/30/2015
|
Elise Ehrlich
Brown Harris Stevens Residential Sales LLC
|
||
04/16/2014
|
1 Bed
|
1 Bath
|
820 ft²
|
$650,000
1 Bed
1 Bath
820 ft²
|
$725,000
+11.54%
07/07/2014
|
Don Everett
The Corcoran Group
|
||
01/31/2014
|
1 Bed
|
1 Bath
|
-
|
$535,000
1 Bed
1 Bath
|
$505,000
-5.61%
06/18/2014
|
-
|
N Schiff-Eisenberg
Prudential Douglas Elliman Real Estate
|
|
11/04/2013
|
1 Bed
|
1 Bath
|
-
|
$560,000
1 Bed
1 Bath
|
-
-
|
-
|
Cheryl Greenberg
City Connections Realty
|
|
08/27/2013
|
1 Bed
|
1 Bath
|
820 ft²
|
$575,000
1 Bed
1 Bath
820 ft²
|
-
-
|
-
|
Perry Roth
Elliman
|
|
07/04/2013
|
1 Bed
|
1 Bath
|
-
|
$560,000
1 Bed
1 Bath
|
$560,000
08/30/2013
|
Jill N Curtin
Curtin Realty Group LTD
|
||
06/20/2013
|
1 Bed
|
1 Bath
|
-
|
$595,000
1 Bed
1 Bath
|
-
06/18/2014
|
Eloise Johnson
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
04/11/2013
|
1 Bed
|
1 Bath
|
750 ft²
|
$599,000
1 Bed
1 Bath
750 ft²
|
$590,000
-1.50%
07/23/2013
|
Joan Swift
Elliman
|
||
04/10/2013
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
-
-
|
-
|
Roger Gillen
Brown Harris Stevens
|
|
02/26/2013
|
1 Bed
|
1 Bath
|
750 ft²
|
$560,000
1 Bed
1 Bath
750 ft²
|
$525,000
-6.25%
12/09/2013
|
Kathryn Johnson
TOWN Residential, LLC.
|
||
11/30/2012
|
4 Bed
|
4 Bath
|
-
|
$3,095,000
4 Bed
4 Bath
|
-
-
|
-
|
Eloise Johnson
Halstead dba Brown Harris Stevens Residential Sales LLC
|
|
10/03/2012
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
-
07/03/2013
|
Jeremy Bolger
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
10/23/2012
|
2 Bed
|
2 Bath
|
-
|
$795,000
2 Bed
2 Bath
|
-
-
|
-
|
Eloise Johnson
Halstead dba Brown Harris Stevens Residential Sales LLC
|
|
03/13/2006
|
1 Bed
|
1 Bath
|
750 ft²
|
$589,000
1 Bed
1 Bath
750 ft²
|
$542,500
-7.89%
07/27/2006
|
Paul Anand
The Corcoran Group
|
||
07/14/1994
|
|
3 Bed
|
1 Bath
|
1000 ft²
|
$55,000
3 Bed
1 Bath
1000 ft²
|
$50,000
-9.09%
08/30/1994
|
-
|
Sylvia Pollastri
Russo Pollastri REALTORS®
|
Building Info
- 67 Units
- 2 Units for Sale
About Midtown Manhattan
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