16 Park Avenue

16 Park Avenue is a Co-op located in Murray Hill, New York. The building was first built in 1924 and is 100 years old. It was first renovated and altered in 1986. The lot that the building was built on is 73 feet wide and 63 feet long. The official lot area is listed as 4,567 square feet. The building itself is 62 feet wide and 63 feet long. In total, 16 Park Avenue has a total floor area of 58,841 square feet. Of that, 55,961 square feet are used for residential purposes. About 2,880 square feet of the building are used for commercial purposes. There are a total of 67 units. Of those, 64 are residential units. There are three commercial units. 16 Park Avenue has a total of 16 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 16 Park Avenue.

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! For your convenience, laundry is located in the building. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Alternatively, take a stroll around the building's garden. 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 72 closings on record, of which we have matching data for 30 listings. In the past 3 years, a listing in this building will typically remain on the market for about 180 days Meaning, listings tend to sell at a median of $768 price per square foot. The transaction that took the longest to complete was unit 5C, listed on Jun 20, 2013 for $595,000. This particular unit ultimately sold 363 days later for $505,000. The most recent transaction was for unit 3C, which was first advertised on May 17, 2023, sold for $615,000 on Jul 10, 2023. Fun fact, the oldest transaction we have on record took place on Nov 14, 1986. See the full transaction history for 16 Park Avenue below.

Murray Hill, where 16 Park Avenue is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $615,000. For interested buyers, that means the building's median asking price is around 0.18% 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 are currently 5 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 $675,000. It is a 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $515,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 5 one-bedroom, units for sale! The median price of all the active units for sale in the building is $645,000. Active units for sale at 16 Park Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.