--- title: "7 Park Avenue #5B, New York City, NY 10016" description: "7 Park Avenue #5B, New York City, NY 10016 — Murray Hill, New York City, NY. Listing Price $379,000. Price Reduced: Reduced $20,000 (5%) from $399,000 on August 24, 2026. Studio bed, 1 bath Illustrative Buyer Commission Share of $5,685 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/7-park-avenue-b-5B-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-09-09T03:29:06.961Z" status: "Active" --- # 7 Park Avenue #5B, New York City, NY 10016 Murray Hill, New York City, NY Courtesy of Leven Real Estate Last updated: September 8, 2026, 11:29 PM ## At a Glance - **Listing Price**: $379,000 - **Price Reduced**: Reduced $20,000 (5%) from $399,000 on August 24, 2026 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $1,186 / 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**: $379,000 - **Illustrative Buyer Commission Share**: -$5,685* - **Illustrative Net Cost**: $373,315 *Illustrative Buyer Savings of $5,685 — 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 (8) ![7 Park Avenue #5B, New York City, NY 10016 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dd8d92f7-0b3b-4e14-94a6-01c4eeb83214.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/82bb66a5-65f0-458c-84bb-cb9cf2f0b195.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/02c47b52-3602-4f3c-9236-a544c5e74fbd.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9ed8e0db-ddc9-4051-b44a-350645cdd8b8.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/51e08e9c-60f7-4769-8396-0b098f76c7ec.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c7ba7f0-cbe2-4ff5-a938-60a8be6b514a.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2da4221a-3834-46fc-b1e2-7ac782b08351.jpg) ![7 Park Avenue #5B, New York City, NY 10016 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/041a7888-ea5e-49b5-80d8-8aca726c2194.jpg) ## Property Overview South-Facing Prewar Studio with Beautiful Modern Updates at 7 Park Avenue Move right into this charming south-facing studio where thoughtful modern renovations blend seamlessly with classic prewar character. Beautifully updated throughout, the apartment features renovated flooring, a refreshed kitchen, and an updated bathroom, creating a turnkey home that requires minimal effort from its next owner. Original architectural details, including charming prewar arches, have been preserved, adding warmth and timeless appeal. A welcoming entry foyer serves as a practical mudroom and transition space, leading to exceptional storage, especially for a studio. Two generously sized closets, including a walk-in closet, provide ample room to unload and stay organized before stepping into the versatile living area. The south-facing living space offers numerous layout possibilities for living, dining, sleeping, and working from home. Both the kitchen and bathroom feature their own windows, providing natural light and ventilation. Located in the distinguished Emery Roth-designed 7 Park Avenue, residents enjoy white-glove service with a 24-hour doorman, concierge, roof deck, package room, and bike storage. Pied--terres and pets are welcome, and subletting is permitted after three years. A wonderful opportunity to enjoy classic Park Avenue living with many major updates already in place, where you can settle in comfortably and seamlessly make the space your own. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 2 - **Year Built**: 1930 - **Common Charges**: $1,186 / Monthly - **Listed On**: Jun 4, 2026 - **Days on Market**: 104 Days ### Residence Features - Building Inside - Common Area - Building Storage - Private Outdoor Space Under 60 Sqft - Storage - Storage - Stainless Steel Appliance(s) - Hardwood - City ## Sales Evidence ### How this price compares The median closed price for comparable co-op studio sales in Murray Hill is $370,000, based on 104 sales between September 2024 and July 2026. This home is asking $379,000, $9,000 above that median. The middle half of those sales closed between $326,500 and $411,725. - **Median closed price**: $370,000 - **Middle half**: $326,500 – $411,725 - **Based on**: 104 co-op studio sales in Murray Hill - **Period**: September 2024 – July 2026 Square footage is recorded for only 29 of these 104 sales (28%), 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. Across the 102 of these sales with a published asking price, the median closed at 95.3% of what it originally asked. 84% of them closed below the original ask. 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 - **Sold vs original ask**: 95.3% of the original ask - **Closed below ask**: 84% of 102 sales - **Listed → in contract**: 96 days (about 14 weeks) - **In contract → closed**: 85 days (about 12 weeks) Across the 102 of these sales with a published asking price, the median closed at 95.3% of what it originally asked. 84% of them closed below the original ask. Half of these homes were in contract within 96 days (about 14 weeks) of coming to market, based on the 102 with a recorded listing date. Once a deal was agreed, closing took a further 85 days (about 12 weeks), based on the 101 with both dates recorded. A co-op board package and its interview account for much of that. 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. Based on 104 co-op studio sales in Murray Hill, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op studio sales in Murray Hill, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $410,500 | 18 | | 2017 | $412,500 | 56 | | 2018 | $408,918 | 54 | | 2019 | $385,420 | 35 | | 2020 | $362,500 | 25 | | 2021 | $380,000 | 83 | | 2022 | $395,000 | 77 | | 2023 | $380,500 | 54 | | 2024 | $366,278 | 72 | | 2025 | $377,500 | 58 | | 2026 | $358,750 | 24 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Murray Hill instead. 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. ## Price and Property History for 7 Park Avenue, Unit 5B Review the recorded listing activity for 7 Park Avenue, Unit 5B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $20,000, or 5%, on August 24, 2026 - **Originally listed**: May 21, 2026 at $429,000 - **Current asking price**: $379,000 | Date | Price | Listing event | | --- | --- | --- | | August 24, 2026 | $379,000 | Asking price reduced by $20,000, or 5% | | August 3, 2026 | $399,000 | Asking price reduced by $16,000, or 3.9% | | July 14, 2026 | $415,000 | Asking price reduced by $14,000, or 3.3% | | May 21, 2026 | $429,000 | Listed for sale by Leven Real Estate | ## Estimated Monthly Payment **$3,102 / month**, assuming a 20% down payment ($75,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,916 - **Common Charges**: $1,186 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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 - [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.