500 Park Tower

500 Park Tower is a condo located 500 Park Avenue, in Midtown, New York. The building was first built in 1960 and is 64 years old. The building is currently considered a landmark so make sure to check it out when you're in the area. The lot that the building was built on is 100 feet wide and 125 feet long. The official lot area is listed as 12,500 square feet. The building itself is 100 feet wide and 125 feet long. In total, 500 Park Avenue has a total floor area of 103,178 square feet. About 103,178 square feet of the building are used for commercial purposes. There are 13 commercial units. 500 Park Avenue has a total of 11 floors. Thankfully, the building is equipped with elevator service.

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. Better yet, washer and dryers are allowed in each unit. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! 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 224 closings on record, of which we have matching data for 13 listings. In the past 3 years, a listing in this building will typically remain on the market for about 199 days Meaning, listings tend to sell at a median of $1,749 price per square foot. The transaction that took the longest to complete was unit 34B, listed on May 12, 2022 for $3,995,000. This particular unit ultimately sold 368 days later for $3,500,000. The most recent transaction was for unit 38A, which was first advertised on Sep 07, 2023, sold for $4,150,000 on Feb 08, 2024. Fun fact, the oldest transaction we have on record took place on Mar 30, 1979. See the full transaction history for 500 Park Tower below.

Midtown, where 500 Park Avenue is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $4,450,000. For interested buyers, that means the building's median asking price is around 4.93% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 4 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 $9,950,000. It is a 2,700 sqft 3 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,995,000. It is a 1,708 sqft 3 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, no two-bedroom, 4 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $3,875,000. Collectively, the median square footage of these active units for sale is 2,665 sqft. Active units for sale at 500 Park Avenue are mostly 3-bedroom apartments Active units for sale at 500 Park Avenue have a median count of 3 bedrooms and have a median count of 3 bathrooms.