Under Contract – Backup offers may be accepted
550 Park Avenue #16AE
MLS® #RLS20073109
Listing by Compass
2
Bedrooms
2
Baths
1,225
Sq. Ft.
1917
Year Built
Quick Summary
Property Highlights
- Exposure: South,West facing
- Character: Pre-war building (1917)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Feb 20, 2026 | $1,495,000 | - |
| Currently | Jun 10, 2026 | $1,495,000 | - |
Description
Perched on the 16th floor, this refined five-room residence pairs classic proportions with effortless livability. Nearly 10-foot ceilings, gracefully scaled rooms, and a thoughtful separation between entertaining and private quarters create a home that feels both polished and inviting. The two-bedroom, two-bath layout is in excellent move-in condition, and the primary suite enjoys a charming, oblique view of Central Park—an elegant reminder of the apartment’s exceptional setting. Ideal as either a full-time residence or a sophisticated pied-à-terre, this offering represents a rare opportunity within one of Park Avenue’s most esteemed cooperatives. Designed in 1917 by celebrated architect J.E.R. Carpenter, 550 Park Avenue embodies the enduring refinement for which his buildings are renowned. Located just two blocks from Central Park and moments from the city’s finest dining, cultural institutions, and boutiques, it offers a timeless address at the center of Manhattan’s most distinguished neighborhood. Ownership includes the flexibility of up to 50% financing, a pet-friendly policy, and a generous private storage room. Trust purchases are permitted with board approval. There is a 3% flip tax to be paid by buyer.
Features & Amenities
Interior Features
Building Amenities
Appliances
Building Information
Financial Details
About Lenox Hill
View All Lenox Hill ListingsLenox Hill occupies a residential section of the Upper East Side, defined by proximity to Central Park, major medical institutions (Memorial Sloan Kettering, Weill Cornell, Lenox Hill Hospital), and the Madison Avenue retail corridor. Housing stock ranges from large pre-war cooperatives to modern condominiums with East River and skyline views.
Lenox Hill Live Market Data
View NeighborhoodActive Listings
631
Median Asking Price
$1.40M
Median $/Sqft
$1,364
Avg Days on Market
N/A
New This Week
16
Price Reduced
36%
Sold (30 Days)
67
Median Sale Price
$1.23M
Live data from RLS at REBNY • Updated 6/10/26, 1:55 PM EST
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Location
550 Park Avenue #16AE, Lenox Hill, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $5,290 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 2 full bathrooms.
The listed interior living area is 1,225 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1917, making it approximately 109 years old.
This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.
Pets are permitted at this property: 3. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $1,495,000 for 1,225 sq ft, the asking price per square foot is approximately $1,220. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Michael Koeneke
Listing Contact: (858) 922-4308
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 6/10/2026 at 5:55 PM UTC