--- title: "550 Park Avenue #3W, New York City, NY 10065" description: "550 Park Avenue #3W, New York City, NY 10065 — Lenox Hill, New York City, NY. Listing Price $4,750,000. In contract 1/12/2026. 4 bed, 4 bath Illustrative Buyer Commission Share of $71,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/550-park-avenue-w-3W-ny-10065" source: "Real Estate Rebate Team" status: "Pending" --- # 550 Park Avenue #3W, New York City, NY 10065 Lenox Hill, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $4,750,000 - **Status**: In contract 1/12/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 4 - **Total Baths**: 4 - **Common Charges**: $8,223 / 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**: $4,750,000 - **Illustrative Buyer Commission Share**: -$71,250* - **Illustrative Net Cost**: $4,678,750 *Illustrative Buyer Savings of $71,250 — 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 (10) ![550 Park Avenue #3W, New York City, NY 10065 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5e6bf638-ca4b-4a70-8628-9624da048071.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4dfe2a49-2dd9-499b-8e02-723527052b76.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/06df7c1f-9b46-4739-8c83-378a14451eb3.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/79be7430-0cc2-45eb-8ae2-e6e3b8da4452.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/24a5b35a-e6fe-441f-a1a4-1bdecf603139.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4d7fae2c-c023-4088-83a8-b3732fe6feab.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5154c87f-66bb-491b-8fe5-1f57ef8cbf41.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3b88ecd5-d2ca-4d2c-accd-4ff18b57241b.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b771e631-248d-4db2-ac6a-d2bf6c0cd011.jpg) ![550 Park Avenue #3W, New York City, NY 10065 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb59e622-08ba-4ff9-9114-631b512be2e9.jpg) ## Property Overview Welcome to an exceptional opportunity to reside in one of Manhattan's most prestigious addresses at 550 Park Ave. This exquisite residence offers an expansive layout featuring four spacious bedrooms and three and a half bathrooms, perfectly designed for comfort and elegance. A private elevator landing leads you into this 9-room home where a gracious entry hall unveils an exquisite residence designed by the renowned architect, Costas Kondylis. The apartment boasts 11-foot ceilings and oversized windows, offering views to the north of the iconic Colony Club and a glimpse of the Park Avenue malls. A formal dining room and living area stretch to nearly 50’ of frontage over tree lined 62nd street, which lends itself perfectly for entertaining or simply indulging in the depth of the rooms. The living room has a wood-burning fireplace, stunning hardwood floors, and room for multiple seating areas. The grandly scaled dining room blends seamlessly into the living space and can host lavish parties with unlimited seating . The beautifully appointed library off the living room also has a wood burning fireplace. As you make your way through to the sleeping quarters, the primary suite is a serene retreat with a western exposure and offers generous closet space, seating area and an en-suite bathroom. The additional 3 bedrooms provide flexibility for family, guests, or additional workspace. A separate eat-in, windowed refurbished kitchen features a butler's pantry ideal for any culinary endeavor as well as a separate breakfast room. There is also a washer/dryer in the unit. With northern, southern, eastern, and western exposures, the apartment is bathed in natural light throughout various times. Additional luxuries include a dressing area, powder room, and a convenient in-unit washer/dryer. Completed in 1917, 550 Park Avenue is one of Manhattan's preeminent luxury pre-war cooperatives located on the southwest corner of Park Avenue and 62nd Street. Designed by J. E. R. Carpenter, it is famous for its elegant and grand layouts adorned with pre-war details. A full-service building, 550 Park Ave. is located in close proximity to Central Park and the Madison & Fifth Avenue shopping and restaurants. 50% financing permitted and there is a 3% flip tax paid by the buyer. ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Total Baths**: 4 - **Rooms**: 9 - **Stories**: 17 - **Year Built**: 1917 - **Common Charges**: $8,223 / Monthly - **Listed On**: Nov 8, 2025 - **Days on Market**: 313 Days ### Residence Features - In Unit - See Remarks - Private Entrance - Private Outdoor Space Under 60 Sqft - Chandelier - Crown Molding - High Ceilings - Recessed Lighting - Walk-In Closet(s) ## Estimated Monthly Payment **$32,242 / month**, assuming a 20% down payment ($950,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $24,019 - **Common Charges**: $8,223 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 14 apartments at 550 Park Avenue have recorded sales since September 2021, the most recent for $1,975,250 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 16AE (Apartment) | 2 | 1,225 | $1,975,250 | $1,612/ft² | June 9, 2026 | City record · MLS | | 12E (Apartment) | 5 | — | $8,050,000 | — | May 11, 2026 | City record · MLS | | 3W (Apartment) | — | — | $4,800,000 | — | March 23, 2026 | City record | | 2W (Apartment) | — | — | $2,650,000 | — | October 22, 2025 | City record | | 2E (Apartment) | 5 | 4,500 | $7,200,000 | $1,600/ft² | September 16, 2025 | City record · MLS | | D (Apartment) | — | — | $3,150,000 | — | February 7, 2025 | City record | | 1E (Apartment) | — | — | $1,850,000 | — | February 7, 2025 | City record | | 10EW (Apartment) | 6 | 7,000 | $18,000,000 | $2,571/ft² | February 5, 2025 | City record · MLS | | 3E (Apartment) | 4 | — | $7,500,000 | — | September 11, 2024 | City record · MLS | | 17E (Apartment) | 4 | 4,500 | $13,750,000 | $3,056/ft² | May 1, 2024 | City record · MLS | | 11W (Apartment) | 3 | — | $6,672,500 | — | September 14, 2023 | City record · MLS | | 8E (Apartment) | — | — | $9,990,000 | — | August 2, 2023 | City record | | 12A (Apartment) | 4 | — | $8,750,000 | — | March 7, 2022 | MLS | | 13E (Apartment) | — | — | $8,750,000 | — | March 2, 2022 | City record | 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**: $4,750,000 - **Median sold price**: $4,487,500 - **Difference**: +$262,500 (+5.8%) - **Comparable sales**: 42 - **Sales from**: September 2024 – July 2026 - **Middle half of those sales**: $3,356,250 – $6,687,500 Based on co-op four-bedroom sales in Lenox Hill. Square footage is recorded for only 15 of these 42 sales (36%), 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 Lenox Hill instead. ### How these sales were negotiated - **Sale-to-list price**: 98.2% (40 sales) - **Sold below asking**: 55% (40 sales) - **Typical time to find a buyer**: 82 days (42 sales) - **Typical time to close**: 95 days (42 sales) Based on co-op four-bedroom sales in Lenox 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 four-bedroom sales in Lenox Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $5,875,000 | 15 | | 2018 | $4,595,000 | 18 | | 2019 | $2,600,000 | 11 | | 2020 | $3,275,000 | 12 | | 2021 | $3,800,000 | 24 | | 2022 | $3,062,500 | 24 | | 2023 | $4,100,000 | 24 | | 2024 | $4,825,000 | 36 | | 2025 | $4,150,000 | 19 | | 2026 YTD | $5,050,000 | 14 | Based on recorded co-op four-bedroom sales in Lenox Hill. 2026 is year-to-date. Sales data through July 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 550 Park Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-park-avenue) ## Price and Property History for 550 Park Avenue, Unit 3W Review the recorded listing activity for 550 Park Avenue, Unit 3W, including asking-price changes and prior market dates. - **Entered contract**: January 12, 2026 | Date | Price | Listing event | | --- | --- | --- | | January 12, 2026 | $4,750,000 | Entered contract | | November 8, 2025 | $4,750,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 35 apartments. The corporation’s 2026 property tax bill was $2,365,819 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 550 Park Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 550 Park Avenue Lenox Hill · Stock Cooperative 550 Park Avenue, New York, NY 10065 A building in Lenox Hill, currently featuring 1 active listing. - **Year Built**: 1917 - **Active Units**: 1 - **Floors**: 17 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-park-avenue) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [16C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/550-park-avenue-16c-ny-10065) | 3 | 2 | 2,650 sqft | $1,604 | $4,250,000 | Brown Harris Stevens Residential Sales LLC | Sep 9, 2026 | 7 days | | [3W](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/550-park-avenue-w-3W-ny-10065) | 4 | 4 | — | — | $4,750,000 — In contract | Compass | Nov 8, 2025 | 312 days | ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## Lenox Hill Overview of Lenox Hill [Explore Lenox Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lenox Hill - [Inwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/inwood) ## Related Links - [550 Park Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-park-avenue) - [Lenox Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-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.