Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $995,000

Listed at $1,100,000 · Sold 9.5% below asking · Closed August 27, 2025

55 Park Avenue #5W
Closed For Sale Co-op

$1,100,000

55 Park Avenue #5W

Murray Hill, Manhattan

MLS® #RLS20016271

RLS at REBNY

Listing by Sothebys International Realty

2

Bedrooms

1.5

Baths

N/A

Sq. Ft.

1922

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2 full, 1 half
Lot Size 3,866 sq ft
Year Built 1922
Ownership Co-op
Maintenance $3,742/mo
Neighborhood Murray Hill
Floor 5 of 16

Property Highlights

  • Views: City
  • Exposure: West facing
  • Character: Pre-war building (1922)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full, 1 Half
Floor 5 of 16
View City
Exposure West
Pets Yes
Year Built 1922
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Lot Size 3,866 sq ft
Parcel # 0893-0002-00055-000-000005W
Block/Lot 00893/0002

Listing History

Event Date Price Change
Listed Apr 14, 2025 $1,100,000 -
Currently Jun 1, 2026 $1,100,000 -

Description

Springtime on Park Avenue – watch the magnolias bloom from 11 charming prewar windows. This 2-bedroom, 1.5-bathroom coop enjoys exquisite natural light and unobstructed views of Manhattan architectural treasures from the Union League Club to the Empire State building. The elegant home features original 1920’s design details including solid oak herringbone floors, 9.5' beamed ceilings and a wood-burning fireplace. The attended elevator opens to a semi-private landing and an entry foyer leads to a 22’ grand living room overlooking the treetops on Park Avenue. Multiple furniture arrangements will work well in this gracious living space giving residents the flexibility to reconfigure as their needs evolve. French doors connect the living room to a separate formal dining room with attractive built-in bar cabinets and an original antique ceiling medallion creating an attractive focal point for a chandelier or other overhead fixture. The kitchen offers excellent storage, solid wood cabinetry and stainless-steel appliances. The primary bedroom has a windowed ensuite bathroom, ample space for a king-sized bed plus a seating area or work-from-home space. The second bedroom features a cheerful windowed ensuite half bathroom and is large enough for an additional workstation. Need extra storage? This unit includes 6 oversized closets throughout allowing for maximum discreet storage. 55 Park Avenue affords a high level of privacy to its residents with 16 floors and only 2 apartments per floor. Full-time doorman, attended elevator, live-in super, central laundry room and hand-delivered mail to each shareholder’s door makes this coop a lovely place to call home. Located in a coveted landmarked district close to popular restaurants, shops and museums as well as various options for public transportation including Grand Central Terminal. The location offers easy access to Midtown, Bryant Park, Gramercy Park as well as the Flatiron and Nomad districts. The Murray Hill Historic District was formerly the 18th century estate of Robert Murray and in its modern iteration is the premier residential district known as Murray Hill. Nearby on Madison Avenue is the J P Morgan Library & Museum, showcasing the family’s spectacular private collection of rare books, manuscripts and artwork as well as unique public exhibitions; and on 5th Avenue, the incomparable New York Public Library with its magnificent reading rooms and beautifully landscaped Bryant Park where one can find an array of cultural and recreational activities. -Pied-a-terre, pets and subletting considered on a case-by-case basis -A private storage bin transfers with the apartment -2% flip tax paid by the purchaser -65% financing permitted

Features & Amenities

Interior Features

Building None Common Area Laundry Room Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 32
Stories 16
Structure MultiFamily

Financial Details

Maintenance $3,742/mo
Sale Price $995,000

Murray Hill offers a central Manhattan location with a surprisingly neighborhood-like feel. Known for its historic 'Sniffen Court' and a mix of mid-century high-rises and 19th-century townhouses, it is a popular choice for professionals seeking proximity to Grand Central and Midtown. The neighborhood is particularly well-regarded for offering a wide range of price points, from entry-level studio cooperatives to expansive luxury penthouses.

Murray Hill Live Market Data

View Neighborhood

Active Listings

259

Median Asking Price

$825K

Median $/Sqft

$1,261

Avg Days on Market

N/A

New This Week

13

Price Reduced

40%

Sold (30 Days)

14

Median Sale Price

$775K

Live data from RLS at REBNY • Updated 6/1/26, 1:58 PM EST

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Location

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55 Park Avenue #5W, Murray Hill, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1923
Year Built
103 years old
16
Floors
32
Residential Units
R10
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $4,495,500
Land Value: $711,000
Exemptions: $9,160

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,866 SF
Building Area: 37,262 SF
Built FAR: 9.64
Allowed FAR: 10

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

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $3,742 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 1 full bathroom and 1 half bathroom.

According to MLS records, the building was constructed in 1922, making it approximately 104 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. Contact the listing broker for weight limits or breed restrictions.

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) 416-7433
MLS® ID: RLS20016271
First Listed: 4/14/2025
On Market: 4/14/2025
Price Changed: 4/14/2025
Closed: 8/27/2025
Contract Date: 4/14/2025

Listing Courtesy of Sothebys International Realty - Diana Devendorf Rice

Listing Contact: (212) 606-7660

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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/1/2026 at 5:58 PM UTC

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