Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

55 Park Terrace E #B-82

Pending · Listing by New Heights Realty

55 Park Terrace E #B-82

Inwood, Manhattan

$1,040,000

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Interested in this property?
Pending For Sale Co-op

$1,040,000

$867 per sq ft

55 Park Terrace E #B-82

Inwood, Manhattan

MLS® #RLS20078027

RLS at REBNY

Listing by New Heights Realty

3
Bedrooms
1.5
Baths
1,200
Sq. Ft.
1939
Year Built

Quick Summary

Bedrooms 3
Bathrooms 2 full, 1 half
Living Area 1,200 sq ft
Year Built 1939
Ownership Co-op
Maintenance $2,401.19/mo
Neighborhood Inwood
Floor 8 of 9

Property Highlights

  • Exposure: East,North facing
  • Outdoor Space: Terrace
  • Style: Prewar architecture

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full, 1 Half
Floor 8 of 9
Exposure East,North
Pets Yes
Cross Street West 214th Street/West 215th Street
Year Built 1939
Living Area 1,200 sq ft
Architectural Style Prewar
Structure Type None
Block/Lot 2243/0210

Listing History

Event Date Price Change
Listed Mar 17, 2026 $1,040,000 -
Currently Aug 14, 2026 $1,040,000 -

Description

Renovated Three Bedroom Duplex Penthouse w/ Private Terrace Rarely does an apartment like this come to market. Welcome to this beautifully renovated three-bedroom, one-and-a-half-bath penthouse duplex with a huge private terrace in the highly sought-after Park Terrace Gardens cooperative in Inwood. With sweeping views and classic Art Deco character, this is a truly special home—without ever leaving Manhattan. The front door opens into a generous and versatile entry foyer, large enough to accommodate a dining area or home office. From there, step down into the spacious sunken living room, a signature Art Deco feature. A large bank of north-facing windows overlooks the peaceful garden courtyard, filling the space with light. Throughout the apartment you’ll find beautiful herringbone hardwood floors, along with original details including wrought-iron railings and recessed shelving. The newly renovated kitchen is both stylish and functional. An east-facing window brings in wonderful morning light, making the space bright and welcoming. The kitchen features stainless steel appliances including a Whirlpool dishwasher and microwave, Frigidaire range, and GE French-door refrigerator with bottom freezer. Additional highlights include engineered marble countertops, a deep Ruvati sink, and abundant cabinet storage. Much of the apartment’s electrical system, kitchen included, has been completely rewired and features a new circuit breaker box. Also on the main level is the large and cheerful primary bedroom, featuring north and east exposures, generous closet space, and a ceiling fan. A second bedroom, also on the first floor, faces east and enjoys excellent natural light. Between the bedrooms is a spacious dressing area with additional closet space, leading to a fully renovated windowed bathroom. The bathroom features striking black-and-white tile-work on both floors and walls, a rainfall shower head, and a classic pedestal sink. Upstairs you’ll find the apartment’s distinctive third bedroom—known as the “Pilot House.” This charming and private space includes its own half bath and works beautifully as a bedroom, home office, or guest retreat. From here, step outside onto the large L-shaped private terrace, where the views stretch for miles. The terrace is perfect for entertaining, outdoor dining, or quiet mornings tending to a garden. The parapet brickwork and exterior walls of the Pilot House were recently rebuilt, leaving the terrace in exceptional condition. Charcoal barbecues are permitted, making this a wonderful space for gatherings. Homes like this rarely become available and consistently generate strong interest. Park Terrace Gardens offers exceptional amenities including: • Concierge services • Private landscaped gardens • On-site management office • Bike storage (waitlist) • Free high-speed internet for residents • Pet-friendly community The complex recently completed window replacements throughout, and the laundry rooms have been fully renovated. With over 80% owner occupancy and strong financials, the building is well maintained and highly regarded. This beautiful penthouse is located just blocks from shopping, restaurants, a weekly farmers market, two subway lines, and the breathtaking 196-acre Inwood Hill Park. Pet friendly. 80% financing allowed.

Features & Amenities

Interior Features

Common Area

Exterior Features

Building Garden Building Roof Deck Private Outdoor Space Under60 Sqft Terrace

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Stories 9
Structure None
Style Prewar

Financial Details

Maintenance $2,401.19/mo

Inwood is Manhattan's northernmost neighborhood, offering a lush and hilly landscape that feels worlds away from the city's concrete canyons. Home to Inwood Hill Park, the last remaining natural forest in Manhattan, the area is a haven for nature lovers. The real estate market is known for providing some of the best value in the borough, featuring spacious Art Deco cooperatives and historic pre-war buildings with views of the Hudson and Harlem Rivers.

Inwood Live Market Data

View Neighborhood

Active Listings

12

Median Asking Price

$383K

Median $/Sqft

$494

Avg Days on Market

N/A

New This Week

0

Price Reduced

50%

Sold (30 Days)

3

Median Sale Price

$348K

Live data from RLS at REBNY • Updated 8/14/26, 11:29 AM EST

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Location

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55 Park Terrace E #B-82, Inwood, New York County • Near West 214th Street/West 215th Street

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1937
Year Built
89 years old
6
Floors
51
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,614,950
Land Value: $187,650
Exemptions: $16,030

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 10,175 SF
Building Area: 50,117 SF
Built FAR: 4.93
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $2,401.19 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 3 bedrooms and 1 full bathroom and 1 half bathroom.

The listed interior living area is 1,200 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1939, making it approximately 87 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,040,000 for 1,200 sq ft, the asking price per square foot is approximately $867. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20078027
First Listed: 3/18/2026
On Market: 3/17/2026
Price Changed: 3/18/2026
Pending Since: 6/1/2026
Contract Date: 3/14/2026

Listing Courtesy of New Heights Realty - CHARLES C THOMPSON

Listing Contact: (646) 425-0093

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/14/2026 at 3:29 PM UTC

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Inwood Market Update

3 sales last 30 days · $383K median · 4 months supply

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Quick Facts

Status Pending Type Co-op Neighborhood Inwood Borough Manhattan
County New York
Floor 8 of 9
Year Built 1939
First Listed 3/18/2026
Style Prewar
Living Area 1,200 sqft
Maintenance $2,401.19/mo

Monthly Costs Estimate

Down Payment 20%

$208,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $2,401.19
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$10,400

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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