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55 Park Ave #4EAST, New York, NY, 10016

2beds
1baths
1,000sqft
$795,000
$795price/sqft
$5,668/moest. monthly cost
$226,720/yrincome needed

About This Home

Welcome to a truly special Park Avenue residence that seamlessly blends classic pre-war elegance with thoughtful modern updates. This quiet corner two-bedroom, one-bath home sits in an intimate boutique building with just two apartments per floor, offering both privacy and exclusivity. A gracious entry foyer opens into an expansive living room with the scale to accommodate multiple seating areas—perfect for both entertaining and everyday living. Rich in character, the space is highlighted by a wood-burning fireplace with a handsome mantel, soaring 9.5-foot beamed ceilings, beautifully preserved herringbone hardwood floors, intricate moldings, and oversized windows for natural light. The chef’s kitchen is outfitted with stainless steel appliances, including a dishwasher, range, and integrated microwave, complemented by striking granite countertops and generous cabinetry. Just off the kitchen, a charming dining alcove easily seats six, creating an inviting setting for intimate dinners. The primary bedroom is exceptionally well-proportioned, featuring two large windows, a substantial walk-in closet, and a windowed en-suite bath. The second bedroom offers flexibility as a guest room, home office, or nursery. Additional highlights include a semi-private elevator landing, excellent closet space throughout, and a dedicated storage locker in the basement. Built in 1922 by the esteemed Fred F. French Company, 55 Park Avenue is a meticulously maintained boutique co-op offering full-service amenities, including a full-time doorman/elevator operator, live-in superintendent, and on-site laundry. Ideally positioned on a quiet, tree-lined stretch of Park Avenue, the building is just moments from Grand Central, providing seamless access to multiple subway lines, Metro-North, and crosstown transit. Residents enjoy close proximity to Bryant Park, as well as some of the city’s most treasured cultural landmarks, dining, and shopping destinations. Pied-à-terre use and pets are considered on a case-by-case basis, and a 2% flip tax is paid by the purchaser. (Please note: living room and bedroom images are virtually staged.) 55 Park is a beautiful 100-year old Fred French building located between 37th & 38th Streets in Murray Hill. The building has 31 apartments, only two per floor, with the penthouse on the 16th floor. Each apartment has a working fireplace, maintained regularly by the building. There’s a live-in superintendent with a small staff of six, including doormen who also operate the manual passenger elevator. It’s just four short blocks to Grand Central, commuter trains and express/local subway lines. And little more than half a mile or 10 blocks to NYU Langone Hospital at 32nd Street and First Avenue. Shareholders at 55 Park, appreciate this gem of a building. It’s well-maintained with an excellent board. People feel safe and comfortable in the middle of the city. Owners of 4E enjoyed many wonderful years there, walked to work, retired to enjoy the city around them. Someone is going to be very grateful to find this apartment and join the small, special community here.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
80
BikeVery Bikeable

Schools

3/10
8/10
Jhs 104 Simon BaruchGrades 6-80.9 mi

Construction

Condition

  • Year built: 1923

Type & Style

  • Home type: Cooperative
  • Property subType: Coop

Interior

Appliances

  • Appliances included: Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood
  • Fireplace: Yes

Interior Area

  • Total structure area: 1,000
  • Total interior livable area: 1,000 sqft

Property

Details

  • Special condition: Resale

Features

  • Has view: Yes
  • View description: Garden

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,019$48,228
Home Insurance *$933$11,196
Property Taxes $470$5,640
Electricity $246$2,954
Total$5,668$68,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$194,331/yr
40% on housing$170,040/yr
45% on housing$151,146/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$795This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$1,006
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10016$1,230
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Listed for sale$795,000

For Sale by Agent

AgentOliver Han
BrokerageCompass

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