550 Park Ave. Corp

550 Park Ave. Corp is a Co-op located 550 Park Avenue, in Lenox Hill, New York. The building was first built in 1917 and is 107 years old. The lot that the building was built on is 100 feet wide and 117 feet long. The official lot area is listed as 11,715 square feet. The building itself is 90 feet wide and 114 feet long. In total, 550 Park Avenue has a total floor area of 156,390 square feet. Of that, 153,190 square feet are used for residential purposes. About 3,200 square feet of the building are used for commercial purposes. There are a total of 36 units. Of those, 35 are residential units. There is one commercial unit. 550 Park Avenue has a total of 17 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! 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 24 closings on record, of which we have matching data for 5 listings. In the past 3 years, a listing in this building will typically remain on the market for about 336 days and tend to sell below the original asking price of $6,672,500 by 7.69%. Meaning, listings tend to sell at a median of $1,410 price per square foot. The transaction that took the longest to complete was unit 11W, listed on Sep 13, 2022 for $7,250,000. This particular unit ultimately sold 366 days later for $6,672,500. The most recent transaction was for unit 11W, which was first advertised on Sep 13, 2022, sold for $6,672,500 on Sep 14, 2023. Fun fact, the oldest transaction we have on record took place on Jul 29, 2005. See the full transaction history for 550 Park Ave. Corp below.

Lenox Hill, where 550 Park Avenue is located, has a median asking price of $949,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $6,672,500. For interested buyers, that means the building's median asking price is around 6.03% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 6 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 $18,800,000. It is a 7,000 sqft 6 bedroom and 8 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $2,325,000. It is a 1,225 sqft 2 bedroom and 2 bathroom unit. A breakdown of active listings shows 1 two-bedroom, 1 three-bedroom, and 3 four-bedroom plus units for sale! The median price of all the active units for sale in the building is $7,975,000. Collectively, the median square footage of these active units for sale is 3,750 sqft. Active units for sale at 550 Park Avenue are mostly 4-bedroom apartments Active units for sale at 550 Park Avenue have a median count of 4 bedrooms and have a median count of 4 bathrooms.