550 Park Avenue, Unit 16AE

550 Park Ave
Lenox Hill

$1,495,000
Price
2
Beds
1,225 Sq. Ft.
$1,220 / Sq. Ft.
1,225
Sq. Ft.
$1,220
per Sq. Ft.
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Listed By CompassContract Signed
Listed By CompassContract Signed
a living room with furniture and a large window with rug
a living room with furniture a flat screen tv and large window
a living room with furniture a rug and a window
a living room with furniture a rug and a window
a view of a workspace with furniture and a window
a view of a living room
a view of a dining room with furniture and wooden floor
a kitchen with stainless steel appliances granite countertop a sink a stove and cabinets
a bedroom with a bed and a large window
a spacious bedroom with a bed a table and chair
a bathroom with a sink a bathtub and a shower
a bathroom with a sink toilet and tub
a view of a city with tall buildings

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...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.

Amenities

  • Full-Time Doorman
  • Hardwood Floors
  • High Ceilings
  • Elevator
  • Laundry in Building
  • Dishwasher
  • Foyer
  • Windowed Kitchen
LISTING UPDATED: 03/20/2026 03:40 PM

Property Details for 550 Park Avenue, Unit 16AE

StatusContract Signed
Days on Market27
Taxes-
Maintenance$5,290 / month
Min. Down Pymt50%
Total Rooms5.0
Property TypeCo-op
MLS TypeCo-op
Year Built1917
CountyNew York County
Buyer's Agent Compensation2.5%

Building

550 Park Ave

36 Units17 StoriesBuilt in 1917
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Location

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Building Information for 550 Park Avenue, Unit 16AE

Building/Complex550 Park AveFloor16Stories17Residences36Pet PolicyAllowedPet Policy Details3Year Built1917Building AgePre-war

Payment Calculator

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$9,995 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,705

Property Taxes

$0

Maintenance/Common Charges

$5,290

The Payment Calculator is for illustrative purposes only.

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Property History for 550 Park Avenue, Unit 16AE

DateEvent & SourcePriceAppreciationLink
Mar 20, 2026

Contract Signed

Manual

——
Feb 20, 2026

Listed (Active)

Manual

$1,495,000——
Jan 23, 2026

Permanently Off Market

RLS RESO #RLS20009957

$1,750,000—
DateEvent & SourcePrice
03/20/2026

Contract Signed

Manual

—
02/20/2026

Listed (Active)

Manual

$1,495,000
01/23/2026

Permanently Off Market

RLS RESO #RLS20009957

$1,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Park Avenue, Unit 16AE

Taxable ValueLand-Additions-Total-
Home Facts
APN1013760037

Schools near 550 Park Avenue, Unit 16AE

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
East Side Elementary School, PS 267
Public - K to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 167 Robert F Wagner
Public - 6 to 8
Rating
School
Distance
East Side Elementary School, PS 267
PublicK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

This 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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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 information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.