--- title: "16 Park Avenue #7A, New York City, NY 10016" description: "16 Park Avenue #7A, New York City, NY 10016 — Murray Hill, New York City, NY. Listing Price $725,000. In contract 1/24/2025. 2 bed, 1 bath Illustrative Buyer Commission Share of $10,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-7a-ny-10016" source: "Real Estate Rebate Team" status: "Pending" --- # 16 Park Avenue #7A, New York City, NY 10016 Murray Hill, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $725,000 - **Status**: In contract 1/24/2025 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 2 - **Baths**: 1 - **Common Charges**: $3,697 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $725,000 - **Illustrative Buyer Commission Share**: -$10,875* - **Illustrative Net Cost**: $714,125 *Illustrative Buyer Savings of $10,875 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![16 Park Avenue #7A, New York City, NY 10016 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3895836-441a-4a12-b28f-1ce41eab6315.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e9055c78-fcb1-4552-bd7e-ab71425ddac0.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cf12e9dd-0c31-43f7-bd03-5e04f9d9c542.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/792179f3-66d5-4821-97b3-9e5168029d6d.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b69c4c02-de4a-4ec3-8e59-4cd3f5d5f723.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fbc26ede-0dfc-4dff-9578-45ff28e8ccfe.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b74d0796-19bc-4e66-8901-1f0fdc436d84.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/87c00f38-73b0-424a-951c-aa1b1972b8e7.jpg) ![16 Park Avenue #7A, New York City, NY 10016 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/415f3af3-9765-4d10-9fec-88fdfe295a6d.jpg) ## Property Overview Welcome to 16 Park Avenue, Apartment 7A—a charming two-bedroom, one-bathroom residence on Park Avenue. Upon entering, you are immediately welcomed by a spacious and bright grand living and dining area. The designated dining space seamlessly leads into a kitchen with abundant storage, washer/dryer, and dishwasher. The primary bedroom is a beautiful corner room featuring a walk-in closet. The second bedroom, connected by a windowed bathroom, boasts two lovely eastern-facing windows and its own walk-in closet, making it versatile for any purpose. Additional highlights of the apartment include stunning hardwood floors and plenty of closet space throughout. 16 Park Avenue is an intimate prewar cooperative located on the corner of 35th Street and Park Avenue, with 16 floors and just 65 units. Built in 1924 by Fred French, this building is centrally located with excellent access to dining, shopping, and entertainment. The elegant lobby is staffed with porters and a live-in superintendent, and the building offers a lovely garden, central laundry facilities, storage, and a bike room. Convenient access to Grand Central, Penn Station, and the 4/5/6, B/D/F/M, N/Q/R/W, and 7/S trains. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 1 - **Rooms**: 5 - **Stories**: 16 - **Year Built**: 1924 - **Common Charges**: $3,697 / Monthly - **Listed On**: Sep 5, 2024 - **Days on Market**: 748 Days ### Residence Features - Baseboard - Building Washer Dryer Install Allowed - Common On Floor - Common Area - Entrance Foyer - Walk-In Closet(s) - Dryer - Dishwasher - Washer - Hardwood ## Estimated Monthly Payment **$7,363 / month**, assuming a 20% down payment ($145,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,666 - **Common Charges**: $3,697 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 18 apartments at 16 PARK Avenue have recorded sales since September 2021, the most recent for $599,000 in July 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 13D (Apartment) | 1 | — | $599,000 | — | July 18, 2025 | City record · MLS | | 7A (Apartment) | — | — | $700,000 | — | May 15, 2025 | City record | | 7D (Apartment) | 1 | — | $532,500 | — | October 28, 2024 | City record · MLS | | 12B (Apartment) | 1 | — | $620,000 | — | August 29, 2024 | City record · MLS | | 8C (Apartment) | 1 | — | $515,000 | — | June 20, 2024 | City record · MLS | | 5B (Apartment) | 1 | — | $589,000 | — | May 30, 2024 | City record · MLS | | 16A (Apartment) | 2 | 1,006 | $847,552 | $842/ft² | April 24, 2024 | City record · MLS | | 3C (Apartment) | 1 | — | $615,000 | — | July 10, 2023 | City record · MLS | | 14C (Apartment) | 1 | — | $572,000 | — | May 19, 2023 | City record · MLS | | 15C (Apartment) | — | — | $547,000 | — | February 15, 2023 | City record | | 15B (Apartment) | 1 | 820 | $610,000 | $744/ft² | February 7, 2023 | City record · MLS | | 6D (Apartment) | 1 | — | $585,000 | — | December 22, 2022 | City record · MLS | | 12D (Apartment) | — | — | $285,000 | — | December 22, 2022 | City record | | 2B (Apartment) | — | — | $580,000 | — | December 14, 2022 | City record | | 13/14 (Apartment) | — | — | $1,621,819 | — | August 25, 2022 | City record | | 9B (Apartment) | 1 | — | $645,000 | — | February 25, 2022 | City record · MLS | | 3D (Apartment) | 1 | — | $587,000 | — | February 2, 2022 | City record · MLS | | 2D (Apartment) | 1 | — | $575,000 | — | January 24, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $725,000 - **Median sold price**: $923,500 - **Difference**: -$198,500 (-21.5%) - **Comparable sales**: 42 - **Sales from**: September 2024 – August 2026 - **Middle half of those sales**: $817,500 – $1,057,500 Based on co-op two-bedroom sales in Murray Hill. Square footage is recorded for only 8 of these 42 sales (19%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Murray Hill instead. ### How these sales were negotiated - **Sale-to-list price**: 94.5% (37 sales) - **Sold below asking**: 87% (37 sales) - **Typical time to find a buyer**: 94 days (40 sales) - **Typical time to close**: 84 days (38 sales) Based on co-op two-bedroom sales in Murray Hill with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op two-bedroom sales in Murray Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $985,500 | 28 | | 2018 | $1,280,875 | 30 | | 2019 | $998,250 | 26 | | 2020 | $1,019,750 | 12 | | 2021 | $1,125,000 | 33 | | 2022 | $1,100,000 | 24 | | 2023 | $999,000 | 23 | | 2024 | $1,060,000 | 20 | | 2025 | $855,000 | 22 | | 2026 YTD | $910,000 | 16 | Based on recorded co-op two-bedroom sales in Murray Hill. 2026 is year-to-date. Sales data through August 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 16 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/16-park-avenue) ## Price and Property History for 16 Park Avenue, Unit 7A Review the recorded listing activity for 16 Park Avenue, Unit 7A, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $50,000, or 6.5%, on November 20, 2024 - **Originally listed**: September 3, 2024 at $775,000 | Date | Price | Listing event | | --- | --- | --- | | August 12, 2026 | $725,000 | Listing removed from the market | | January 24, 2025 | $725,000 | Entered contract | | November 20, 2024 | $725,000 | Asking price reduced by $50,000, or 6.5% | | September 3, 2024 | $775,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 64 apartments. The corporation’s 2026 property tax bill was $944,816 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 16 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/16-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 16 PARK Avenue Murray Hill · Stock Cooperative 16 PARK Avenue, New York, NY 10016 A building in Murray Hill, currently featuring 3 active listings. - **Year Built**: 1924 - **Active Units**: 3 - **Floors**: 16 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/16-park-avenue) ### Available Residences — For Sale (4) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [15D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-d-15D-ny-10016) | 1 | 1 | — | — | $595,000 | Corcoran Group | Apr 25, 2026 | 150 days | | [12C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-c-12C-ny-10016) | 1 | 1 | 750 sqft | $867 | $650,000 | Corcoran Group | Jun 12, 2026 | 102 days | | [10B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-10b-ny-10016) | 1 | 1 | 820 sqft | $634 | $520,000 | Brown Harris Stevens Residential Sales LLC | Aug 19, 2026 | 34 days | | [7A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-7a-ny-10016) | 2 | 1 | — | — | $725,000 (-6.5%) — In contract | Compass | Sep 5, 2024 | 747 days | ## Murray Hill Overview of Murray Hill [Explore Murray Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Murray Hill - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) ## Related Links - [16 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/16-park-avenue) - [Murray Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.