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Pre-War Residential Income Property

550 PARK Avenue 16C, Manhattan, NY 10065

For Sale
$4,100,000

Three-bedroom Park Avenue residence with formal entertaining spaces, skyline views, original architectural details, and private storage.

Property Size2,650 SF
Price / SF$1,547
Days on Market60

Property Features for 550 PARK Avenue 16C

General Information

Standard status Active
Size 2,650 SF
Elevators Yes
Property subtype Apartment

Additional Details

Multifamily Units 1

Amenities

fireplace
central air
basement storage

Building Details

Building Size 2,650 SF
Year Built 1917
Listing Agency: Brown Harris Stevens Residential Sales LLC
Listed By: Jill Roosevelt
Source: Howardhannanyc
Added: Sep 9 Changed: Nov 3 Last Checked: Nov 6 at 4:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC

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Investment Insights

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This 2,650-square-foot residential income property occupies the 16th floor of a 1917 Park Avenue building and offers three bedrooms with 10+ foot ceilings. The layout includes a formal entry gallery, a 27-foot corner living room, separate dining room, windowed kitchen with walk-in pantry, library, two en-suite bedrooms, extensive closet storage, and a primary suite with a walk-in closet. A marble-mantled gas fireplace, herringbone floors, crown and chair rail moldings, oversized windows, and a paneled archway retain the home’s pre-war character.

The residence overlooks Park Avenue and provides panoramic skyline views extending toward the East River. A semi-private elevator landing serves the apartment, while central air is installed in the public rooms. The property also includes a basement storage unit and may be combined with neighboring apartment 16AE to create a full-floor residence.

Key Highlights

  • 2,650 SF three‑bedroom residence in a 1917 Park Avenue building
  • 10+ foot ceilings with panoramic views toward Park Avenue and the East River
  • 27‑foot corner living room with marble‑mantled gas fireplace

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

37,864
Businesses Nearby

Demographics for 10065, NY

32,891
Population
22,734
Households
1.4
Avg Household Size
40
Median Age
86%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
82,228
Density / Sq Mi
$160,938
Median Household Income
$121,212
Median Earnings
$2,828
Median Rent
$1,368,200
Median Home Value
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - Three-bedroom Park Avenue residence with formal entertaining spaces, skyline views, original architectural details, and private storage.
Where is this residential income property located?
The property is located at 550 PARK Avenue 16C Manhattan, NY.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 2,650 SF three‑bedroom residence in a 1917 Park Avenue building; 10+ foot ceilings with panoramic views toward Park Avenue and the East River; 27‑foot corner living room with marble‑mantled gas fireplace
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