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Pre-War Residential Income Property
For Sale
$4,250,000

550 PARK Avenue 16C, New York City, NY 10065

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

Property Size2,650 SF
Price / SF$1,603
Days on Market10

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: Sep 11 Last Checked: Sep 17 at 4:19AM

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

Investment Insights

Based on property information with market context.

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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Current Use

Residential income properties

Suggested Use

Top Pick Auto Parts Store Daycare Center Auto Repair Shop Nursing Home Butcher Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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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 New York City, NY.
What is the asking price?
The asking price for this property is $4,250,000.
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
More about this property
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