525 Park Ave Condo

525 Park Ave Condo is a condo located 525 Park Avenue, in Lenox Hill, New York. The building was first built in 1915 and is 109 years old. The lot that the building was built on is 100 feet wide and 99 feet long. The official lot area is listed as 9,942 square feet. In total, 525 Park Avenue has a total floor area of 100,554 square feet. Of that, 88,196 square feet are used for residential purposes. About 12,358 square feet of the building are used for commercial purposes. Additionally, the building has a 400 square feet garage. There are a total of 54 units. Of those, 48 are residential units. There are 6 commercial units. 525 Park Avenue has a total of 15 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. 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! Better yet, washer and dryers are allowed in each unit. 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 134 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 191 days Meaning, listings tend to sell at a median of $2,189 price per square foot. The transaction that took the longest to complete was unit 14E, listed on May 26, 2015 for $1,799,000. This particular unit ultimately sold 356 days later for $1,450,000. The most recent transaction was for unit 7S, sold for $0 on Nov 15, 2023. Fun fact, the oldest transaction we have on record took place on Oct 24, 1989. See the full transaction history for 525 Park Ave Condo below.

Lenox Hill, where 525 Park Avenue is located, has a median asking price of $1,650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $3,712,500. For interested buyers, that means the building's median asking price is around 2.95% 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 $12,995,000. It is a 4,000 sqft 4 bedroom and 6 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $2,500,000. It is a 1,100 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 1 one-bedroom, 1 two-bedroom, 1 three-bedroom, and 1 four-bedroom plus units for sale! The median price of all the active units for sale in the building is $5,050,000. Collectively, the median square footage of these active units for sale is 2,247 sqft. Active units for sale at 525 Park Avenue are mostly 2.5-bedroom apartments Active units for sale at 525 Park Avenue have a median count of 2.5 bedrooms and have a median count of 2.5 bathrooms.