Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $8,200,000

· Closed April 18, 2024

470 PARK Avenue #PHA
Closed For Sale Co-op

$8,200,000

$1,691 per sq ft

470 PARK Avenue #PHA

Midtown East, Manhattan

MLS® #RLS10950842

RLS at REBNY

Listing by Douglas Elliman Real Estate

5

Bedrooms

6.5

Baths

4,850

Sq. Ft.

1916

Year Built

Quick Summary

Bedrooms 5
Bathrooms 7 full, 1 half
Living Area 4,850 sq ft
Year Built 1916
Ownership Co-op
Maintenance $11,533/mo
Neighborhood Midtown East
Floor 14 of 14

Property Highlights

  • Views: City, River
  • Exposure: East,North,South,West facing
  • Outdoor Space: Deck, Terrace, Wrap Around, Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 10
Baths 6 Full, 1 Half
Floor 14 of 14
View City, River
Exposure East,North,South,West
Cooling Central Air
Pets Yes
Year Built 1916
Living Area 4,850 sq ft
Structure Type HighRise
Basement Other
Block/Lot 01293/0037

Listing History

Event Date Price Change
Listed Jul 20, 2023 $10,750,000 -
Price Reduced Apr 23, 2024 $8,500,000 -20.9%
Currently Jun 1, 2026 $8,200,000 -3.5%

Description

Enjoy the splendor of living in a private triplex penthouse, perched atop a classic Park Avenue prewar building in prime Midtown Manhattan! This unique, masterfully-crafted residence affords an opulent townhouse lifestyle enhanced by the amenities of a coveted full-service cooperative. The exceptional 4,850+/- sq ft modern showplace with 10 rooms, 5 bedrooms, 6 baths plus a powder room, and a private elevator servicing all floors is brimming in premium finishes and elegant details. Complementing the magnificent interiors are extensive planted terraces spanning over 2,000 sq ft for the ultimate outdoor pleasure. Newly and impeccably-designed with steel and walls of glass, and wrapped in gorgeous European materials, this trophy penthouse is truly rare and one of a kind. Loft-like living and dining rooms provide a perfect backdrop for the host and boast soaring walls of glass that slide open to expansive terraces for seamless indoor-outdoor entertaining. Sip coffee or drinks overlooking awing views of Park Avenue to the north and east, and the Plaza Hotel in the distance to the west. Topping the allure is a striking wood-burning living room fireplace to gather around, a fabulous custom wine cellar reminiscent of Provence for your favorite vintages, and a spacious top-of-the-line eat-in kitchen tailored to the chef that looks out to the dining terrace. Completing the exquisite main level is a staff or additional guest bedroom with en-suite bath, and a large laundry room.

A sleek, stunning floating staircase off the grand gallery is a work of art that rises to the tranquil primary bedroom suite. The enormous retreat comes with its own wood-burning fireplace, private terrace facing Park Avenue, and 2 generous pass-through dressing rooms leading to impeccably appointed spa baths draped in the finest elements. Also on the second floor is a gorgeous study/library with custom built-ins. The top story extends the luxury with 3 additional bedrooms, 3 full bathrooms, another terrace and a balcony. State-of-the-art heat and air conditioning keep the climate comfortable.

This masterpiece penthouse is equally spectacular day or night, and rests in an intimate building constructed in 1916. Conceived by Schwartz & Gross, renowned for many other prewar Park Avenue buildings, 470 Park Ave is a handsome prewar cooperative with a full-time doorman and pet-friendly policy. Pied-a-terres and financing up to 50% is permitted. The outstanding heart-of-Manhattan address at the southwest corner of Park and 58th Street puts you minutes from the Midtown Business District, the finest shopping, outstanding restaurants, and other conveniences. Truly a once-in-a-lifetime opportunity not to be missed.

Features & Amenities

Interior Features

Smoke Free Building Washer Dryer Install Allowed Building Other In Unit Fireplace (2)

Exterior Features

Balcony Building Roof Deck Juliet Balcony Deck Terrace Wrap Around Balcony

Building Amenities

Green Building Storage

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 70
Stories 14
Structure HighRise

Financial Details

Maintenance $11,533/mo
Original Price $10,750,000
Sale Price $8,200,000
Previous Price $8,500,000

Midtown East is a dynamic hub that is the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and historic side-street cooperatives, providing a wide array of options for those who want to be at the center of the city's energy.

Midtown East Live Market Data

View Neighborhood

Active Listings

229

Median Asking Price

$1.59M

Median $/Sqft

$1,765

Avg Days on Market

N/A

New This Week

9

Price Reduced

23%

Sold (30 Days)

9

Median Sale Price

$1.74M

Live data from RLS at REBNY • Updated 6/1/26, 7:51 PM EST

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Location

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470 PARK Avenue #PHA, Midtown East, New York County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4

Building Information

Official NYC property records for this building

1916
Year Built
110 years old
13
Floors
56
Residential Units
C5-3
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $13,841,550
Land Value: $3,909,150
Exemptions: $155,959

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

Lot Area: 10,066 SF
Building Area: 111,310 SF
Built FAR: 11.06
Allowed FAR: 10

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 $11,533 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 5 bedrooms and 6 full bathrooms and 1 half bathroom.

The listed interior living area is 4,850 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1916, making it approximately 110 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: Pets Allowed ,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $8,200,000 for 4,850 sq ft, the asking price per square foot is approximately $1,691. 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 mcoste@kwnyc.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: RLS10950842
First Listed: 7/20/2023
On Market: 7/20/2023
Price Changed: 4/23/2024
Closed: 4/18/2024
Contract Date: 7/20/2023

Listing Courtesy of Douglas Elliman Real Estate - J Erickson

Listing Contact: (917) 558-4477

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 6/1/2026 at 11:51 PM UTC

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