Under Contract – Backup offers may be accepted
Pending · Listing by Compass
550 Park Avenue #3W
Lenox Hill, Manhattan
$4,750,000
550 Park Avenue #3W
MLS® #RLS20058976
Listing by Compass
- 4
- Bedrooms
- 3.5
- Baths
- N/A
- Sq. Ft.
- 1917
- Year Built
Quick Summary
Property Highlights
- Fireplace: 1 fireplace
- Character: Pre-war building (1917)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 8, 2025 | $4,750,000 | - |
| Currently | Sep 11, 2026 | $4,750,000 | - |
Description
Welcome to an exceptional opportunity to reside in one of Manhattan's most prestigious addresses at 550 Park Ave. This exquisite residence offers an expansive layout featuring four spacious bedrooms and three and a half bathrooms, perfectly designed for comfort and elegance. A private elevator landing leads you into this 9-room home where a gracious entry hall unveils an exquisite residence designed by the renowned architect, Costas Kondylis. The apartment boasts 11-foot ceilings and oversized windows, offering views to the north of the iconic Colony Club and a glimpse of the Park Avenue malls. A formal dining room and living area stretch to nearly 50’ of frontage over tree lined 62nd street, which lends itself perfectly for entertaining or simply indulging in the depth of the rooms. The living room has a wood-burning fireplace, stunning hardwood floors, and room for multiple seating areas. The grandly scaled dining room blends seamlessly into the living space and can host lavish parties with unlimited seating . The beautifully appointed library off the living room also has a wood burning fireplace. As you make your way through to the sleeping quarters, the primary suite is a serene retreat with a western exposure and offers generous closet space, seating area and an en-suite bathroom. The additional 3 bedrooms provide flexibility for family, guests, or additional workspace. A separate eat-in, windowed refurbished kitchen features a butler's pantry ideal for any culinary endeavor as well as a separate breakfast room. There is also a washer/dryer in the unit. With northern, southern, eastern, and western exposures, the apartment is bathed in natural light throughout various times. Additional luxuries include a dressing area, powder room, and a convenient in-unit washer/dryer. Completed in 1917, 550 Park Avenue is one of Manhattan's preeminent luxury pre-war cooperatives located on the southwest corner of Park Avenue and 62nd Street. Designed by J. E. R. Carpenter, it is famous for its elegant and grand layouts adorned with pre-war details. A full-service building, 550 Park Ave. is located in close proximity to Central Park and the Madison & Fifth Avenue shopping and restaurants. 50% financing permitted and there is a 3% flip tax paid by the buyer.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
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
480
Median Asking Price
$1.32M
Median $/Sqft
$1,488
Avg Days on Market
N/A
New This Week
81
Price Reduced
32%
Sold (30 Days)
84
Median Sale Price
$1.32M
Live data from RLS at REBNY • Updated 9/11/26, 9:45 AM EST
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Location
550 Park Avenue #3W, 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 $8,223 per month. Confirm the exact amount with Milton Coste 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 4 bedrooms and 3 full bathrooms and 1 half bathroom.
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. Contact Milton Coste 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) 416-7433Listing Courtesy of Compass - Charles Beda
Listing Contact: (347) 804-3217
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 9/11/2026 at 1:45 PM UTC
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Quick Facts
Monthly Costs Estimate
$950,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$71,250
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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