---
title: "550 Park Avenue #16AE, New York, NY 10065"
description: "550 Park Avenue #16AE, New York, NY 10065 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,975,250. Est. potential buyer savings up to $49,381 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/550-park-avenue-ae-16AE-ny-10065"
source: "Real Estate Rebate Team"
---

# 550 Park Avenue #16AE, New York, NY 10065

> **Listing Courtesy of:** Compass

## Description

Perched on the 16th floor, this refined five-room residence pairs classic proportions with effortless livability. Nearly 10-foot ceilings, gracefully scaled rooms, and a thoughtful separation between entertaining and private quarters create a home that feels both polished and inviting. The two-bedroom, two-bath layout is in excellent move-in condition, and the primary suite enjoys a charming, oblique view of Central Park—an elegant reminder of the apartment’s exceptional setting. Ideal as either a full-time residence or a sophisticated pied-à-terre, this offering represents a rare opportunity within one of Park Avenue’s most esteemed cooperatives.

Designed in 1917 by celebrated architect J.E.R. Carpenter, 550 Park Avenue embodies the enduring refinement for which his buildings are renowned. Located just two blocks from Central Park and moments from the city’s finest dining, cultural institutions, and boutiques, it offers a timeless address at the center of Manhattan’s most distinguished neighborhood.

Ownership includes the flexibility of up to 50% financing, a pet-friendly policy, and a generous private storage room. Trust purchases are permitted with board approval. 

There is a 3% flip tax to be paid by buyer.

## Property Details

- **Price**: $1,975,250
- **Potential Buyer Rebate**: $49,381
- **Bedrooms**: 2
- **Bathrooms**: 2
- **Living Area**: 1,225 sqft
- **Property Type**: Residential
- **Year Built**: 1917
- **Building**: 550 Park Avenue
- **Neighbourhood**: Lenox Hill
- **Area / Borough**: Manhattan
- **Subdivision**: Lenox Hill
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$49,381** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/550-park-avenue)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/lenox-hill)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.