Park V

Park V is a Co-op located 785 5th Avenue, in Lenox Hill, New York. The building was first built in 1963 and is 61 years old. It was first renovated and altered in 2017. The lot that the building was built on is 101 feet wide and 150 feet long. The official lot area is listed as 13,229 square feet. The building itself is 101 feet wide and 145 feet long. In total, 785 5th Avenue has a total floor area of 174,780 square feet. Of that, 170,779 square feet are used for residential purposes. About 4,001 square feet of the building are used for commercial purposes. There are a total of 68 units. Of those, 66 are residential units. There are two commercial units. 785 5th Avenue has a total of 18 floors. Thankfully, the building is equipped with elevator service. Residents can access the four elevators in 785 5th Avenue.

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. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 44 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 137 days Meaning, listings tend to sell at a median of $1,853 price per square foot. The transaction that took the longest to complete was unit 14B, listed on Jul 14, 2015 for $6,995,000. This particular unit ultimately sold 182 days later for $6,000,000. The most recent transaction was for unit 4A, sold for $0 on Dec 22, 2023. Fun fact, the oldest transaction we have on record took place on Apr 20, 2005. See the full transaction history for Park V below.

Lenox Hill, where 785 5th Avenue is located, has a median asking price of $940,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $4,278,750. For interested buyers, that means the building's median asking price is around 3.55% 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 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 $16,999,999. It is a 5 bedroom and 5 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $2,399,000. It is a 1 bedroom and 2 bathroom unit. A breakdown of active listings shows 1 one-bedroom, 2 two-bedroom, units for sale! The median price of all the active units for sale in the building is $5,150,000. Active units for sale at 785 5th Avenue are mostly 2-bedroom apartments Active units for sale at 785 5th Avenue have a median count of 2 bedrooms and have a median count of 3.5 bathrooms.