531 Park Avenue

531 Park Avenue is a Co-op located in Lenox Hill, New York. The building was first built in 1910 and is 114 years old. It was first renovated and altered in 2015. The lot that the building was built on is 120 feet wide and 58 feet long. The official lot area is listed as 7,438 square feet. The building itself is 108 feet wide and 57 feet long. In total, 531 Park Avenue has a total floor area of 86,116 square feet. Of that, 83,616 square feet are used for residential purposes. About 2,500 square feet of the building are used for commercial purposes. There are a total of 35 units. Of those, 31 are residential units. There are four commercial units. 531 Park Avenue has a total of 15 floors.

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! There are 37 closings on record. The most recent transaction was for unit 7AB, sold for $4,250,000 on Aug 14, 2023. Fun fact, the oldest transaction we have on record took place on Sep 09, 2005. See the full transaction history for 531 Park Avenue below.

Lenox Hill, where 531 Park Avenue is located, has a median asking price of $949,999 for co-op buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $695,000. It is a 1,615 sqft studio-bedroom and 2-bathroom unit.