--- title: "7 Park Avenue #15B, New York City, NY 10016" description: "7 Park Avenue #15B, New York City, NY 10016 — Murray Hill, New York City, NY. Listing Price $299,000. In contract 8/7/2025. Studio bed, 1 bath Illustrative Buyer Commission Share of $4,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10016/7-park-avenue-b-15B-ny-10016" source: "Real Estate Rebate Team" status: "Pending" --- # 7 Park Avenue #15B, New York City, NY 10016 Murray Hill, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $299,000 - **Status**: In contract 8/7/2025 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $1,199 / 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**: $299,000 - **Illustrative Buyer Commission Share**: -$4,485* - **Illustrative Net Cost**: $294,515 *Illustrative Buyer Savings of $4,485 — 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 (1) ![7 Park Avenue #15B, New York City, NY 10016 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0868beee-76bd-4164-a969-8c9de8a0db50.jpg) ## Property Overview Opportunity knocks in this sun-soaked south-facing studio at the iconic 7 Park Avenue. Perched on the 15th floor with open southern exposures, this pre-war gem is ready for a full gut renovation, offering the rare chance to design and customize your ideal Manhattan pied-à-terre or primary residence from the ground up. The apartment features windows in both the kitchen and bathroom—an uncommon luxury in studio living—along with solid hardwood floors that are in great shape and simply need refinishing. Generous closet space adds practicality to the layout, making it easy to envision a thoughtfully reimagined home tailored to your style and needs. 7 Park Avenue is a full-service, pet-friendly co-op with pre-war charm and modern conveniences. Amenities include a 24-hour doorman and concierge, bike room, common roof deck with iconic skyline views, elevator, laundry room, garage, porter, and full-time security staff. Pieds-à-terre, co-purchasing, guarantors, and gifting are all permitted. After three years of ownership, shareholders may sublet their unit with board approval. The building is wired for both Spectrum and Verizon Fios and offers the comfort of heat and hot water included in maintenance. Nestled in the heart of Murray Hill, 7 Park Avenue offers the best of classic New York living with easy access to Midtown, Grand Central Terminal, and the East River Esplanade. Enjoy a rich mix of cafes, local restaurants, and neighborhood bars, as well as nearby Trader Joe’s, Fairway, and Target for all your essentials. Commuters and jet-setters alike will appreciate the seamless access to major subway lines, the Midtown Tunnel, and Penn Station. This is your chance to create something truly special in a building and location that make it all worthwhile. Unlimited subletting after three years Pieds-a-Terre Allowed Pets Allowed ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 1 - **Stories**: 22 - **Year Built**: 1923 - **Common Charges**: $1,199 / Monthly - **Listed On**: Jul 15, 2025 - **Days on Market**: 429 Days ### Residence Features - Common On Floor - Common Area - Garage - Security Guard ### Building Amenities - Garage ## Estimated Monthly Payment **$2,711 / month**, assuming a 20% down payment ($59,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,512 - **Common Charges**: $1,199 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $299,000 - **Median sold price**: $370,000 - **Difference**: -$71,000 (-19.2%) - **Comparable sales**: 104 - **Sales from**: September 2024 – July 2026 - **Middle half of those sales**: $326,500 – $411,725 Based on co-op studio sales in Murray Hill. 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. 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**: 95.3% (102 sales) - **Sold below asking**: 84% (102 sales) - **Typical time to find a buyer**: 96 days (102 sales) - **Typical time to close**: 85 days (101 sales) Based on co-op studio 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 studio sales in Murray Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $416,000 | 17 | | 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 YTD | $358,750 | 24 | Based on recorded co-op studio sales in Murray 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. ## Price and Property History for 7 Park Avenue, Unit 15B Review the recorded listing activity for 7 Park Avenue, Unit 15B, including asking-price changes and prior market dates. - **Entered contract**: August 7, 2025 | Date | Price | Listing event | | --- | --- | --- | | August 7, 2025 | $299,000 | Entered contract | | August 7, 2025 | $299,000 | Returned to the market | | July 2, 2025 | $299,000 | Listed for sale by Compass | ## 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.