--- title: "16 PARK Avenue #8B, New York City, NY 10016" description: "16 PARK Avenue #8B, New York City, NY 10016 — Murray Hill, New York City, NY. Listing Price $549,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $8,235 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-8b-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-10-04T01:14:05.749Z" status: "Active" --- # 16 PARK Avenue #8B, New York City, NY 10016 Murray Hill, New York City, NY Courtesy of Serhant Last updated: October 3, 2026, 9:14 PM ## At a Glance - **Listing Price**: $549,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $2,427 / 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**: $549,000 - **Illustrative Buyer Commission Share**: -$8,235* - **Illustrative Net Cost**: $540,765 *Illustrative Buyer Savings of $8,235 — 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 (6) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/07456092-cfd7-47f0-9877-cd10e6293a8f.jpg) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/42eb5c02-13bf-4835-a588-8677fc9865ef.jpg) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1db9dd47-7d91-4d20-aa94-68a4afe5ab4e.jpg) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6ab8acc4-dc35-4897-9d9e-aa9a20997cae.jpg) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf1e17c0-6259-45b7-a031-670c0d15dd13.jpg) ![16 PARK Avenue #8B, New York City, NY 10016 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1b3c345-43c6-4d7c-b18e-e3a77745b149.jpg) ## Property Overview Simple city living in one of my favorite classic Park Avenue co-ops. This spacious one-bedroom is filled with the kind of old-world New York charm that simply cannot be recreated. High ceilings, original wood floors, classic moldings, French doors and preserved prewar details give the apartment a character and warmth that immediately sets it apart. There's a real sense of owning a piece of New York history here, on Park Avenue , one of the most classic streets in the city. The generous layout gives you ample space to spread out and create a real home, with fantastic closet space throughout. The quiet bedroom easily accommodates a king-sized bed. The windowed kitchen has a dishwasher, microwave, gas range and plenty of storage, while the dual-entry bathroom retains its classic basket-weave tile. Designed by renowned architect Fred F. French and built in 1924, 16 Park Avenue is an intimate, beautifully maintained co-op with just four apartments per floor. Fresh flowers greet you adorning the facade and the lobby is staffed with some of the best staff and doormen in the business . Warm, attentive and a huge part of what makes living here so special. Residents enjoy a private garden, full-time doorman, live-in superintendent, central laundry, bike room and storage. Pets are welcome. For all its old-world charm, the convenience is hard to beat. Grand Central, The Morgan Library, shopping, dining and some of Midtown's busiest commercial corridors are all close by, with easy access uptown, downtown and across the city. Classic Park Avenue character, generous space and the stability of a well-run co-op, at a price point that makes owning a piece of New York history attainable. Showings by appointment only. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 4 - **Stories**: 16 - **Year Built**: 1924 - **Common Charges**: $2,427 / Monthly - **Listed On**: Oct 3, 2026 - **Days on Market**: 2 Days ### Residence Features - Building Other - Building Courtyard - High Ceilings - Walk-In Closet(s) - Dishwasher - Washer Dryer Allowed ## Estimated Monthly Payment **$5,203 / month**, assuming a 20% down payment ($109,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,776 - **Common Charges**: $2,427 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 October 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**: $549,000 - **Median sold price**: $588,000 - **Difference**: -$39,000 (-6.6%) - **Comparable sales**: 12 - **Sales from**: January 2022 – July 2025 - **Middle half of those sales**: $574,250 – $611,250 Based on one-bedroom sales at 16 PARK Avenue. Square footage is recorded for only 1 of these 12 sales (8%), 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. ### How these sales were negotiated - **Sale-to-list price**: 92% (10 sales) - **Sold below asking**: 80% (10 sales) - **Typical time to find a buyer**: 168 days (11 sales) - **Typical time to close**: 76 days (11 sales) Based on one-bedroom sales at 16 PARK Avenue 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 one-bedroom sales in Murray Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $695,000 | 16 | | 2017 | $697,500 | 74 | | 2018 | $668,944 | 62 | | 2019 | $660,000 | 55 | | 2020 | $600,000 | 27 | | 2021 | $586,250 | 84 | | 2022 | $585,000 | 90 | | 2023 | $640,000 | 75 | | 2024 | $635,000 | 65 | | 2025 | $599,500 | 64 | | 2026 YTD | $660,000 | 37 | Based on recorded co-op one-bedroom sales in Murray Hill. 2026 is year-to-date. Sales data through July 2025. 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) ## 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 4 active listings. - **Year Built**: 1924 - **Active Units**: 4 - **Floors**: 16 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/16-park-avenue) ### Available Residences — For Sale (5) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [8B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-8b-ny-10016) | 1 | 1 | — | — | $549,000 | Serhant | Oct 3, 2026 | 1 days | | [15D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/16-park-avenue-d-15D-ny-10016) | 1 | 1 | — | — | $595,000 | Corcoran Group | Apr 25, 2026 | 162 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 | 114 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 | 46 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 | 759 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.