Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

550 Park Avenue #3W

Pending · Listing by Compass

550 Park Avenue #3W

Lenox Hill, Manhattan

$4,750,000

Interested in this property?
Pending For Sale Co-op

$4,750,000

550 Park Avenue #3W

Lenox Hill, Manhattan

MLS® #RLS20058976

RLS at REBNY

Listing by Compass

4
Bedrooms
3.5
Baths
N/A
Sq. Ft.
1917
Year Built

Quick Summary

Bedrooms 4
Bathrooms 4 full, 1 half
Year Built 1917
Ownership Co-op
Maintenance $8,223/mo
Neighborhood Lenox Hill
Floor 3 of 17

Property Highlights

  • Fireplace: 1 fireplace
  • Character: Pre-war building (1917)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 9
Baths 3 Full, 1 Half
Floor 3 of 17
Pets Yes, CatsOk, DogsOk
Year Built 1917
Structure Type HighRise
Furnished Unfurnished
Block/Lot 01376/0037

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

Chandelier Crown Molding High Ceilings Recessed Lighting Walk In Closets In Unit See Remarks Fireplace (1)

Exterior Features

Private Entrance Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 36
Stories 17
Structure HighRise

Financial Details

Maintenance $8,223/mo

Lenox 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 Neighborhood

Active 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

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550 Park Avenue #3W, Lenox Hill, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1917
Year Built
109 years old
17
Floors
35
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Upper East Side Historic District

Tax & Assessment

Assessed Value: $20,205,450
Land Value: $4,149,000
Exemptions: $21,600

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

Lot Area: 11,715 SF
Building Area: 156,390 SF
Built FAR: 13.35
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 $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) 416-7433
MLS® ID: RLS20058976
First Listed: 11/8/2025
On Market: 11/8/2025
Price Changed: 11/8/2025
Pending Since: 1/12/2026
Contract Date: 11/8/2025

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/11/2026 at 1:45 PM UTC

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Lenox Hill Market Update

84 sales last 30 days · $1.32M median · 5.7 months supply

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Quick Facts

Status Pending Type Co-op Neighborhood Lenox Hill Borough Manhattan
County New York
Floor 3 of 17
Year Built 1917
First Listed 11/8/2025
Maintenance $8,223/mo

Monthly Costs Estimate

Down Payment 20%

$950,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $8,223
Total Monthly $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

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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