Manhattan / Midtown South-Flatiron-Union Square / 10016
16 PARK AVENUE
Boro1
Block864
Lot41
BBL1008640041
Residential units
64
Units in total
67
Storeys
16
Year built
1924
Last alteration on file
1986
Recorded transfers
85 since 2003
01
What has sold here
Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 18 Jul 2025 | $599,000 | 13D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 15 May 2025 | $700,000 | 7A | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 28 Oct 2024 | $532,500 | 7D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 29 Aug 2024 | $620,000 | 12B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 20 Jun 2024 | $515,000 | 8C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 30 May 2024 | $589,000 | 5B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 24 Apr 2024 | $847,552 | 16A | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 10 Jul 2023 | $615,000 | 3C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 19 May 2023 | $572,000 | 14C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 15 Feb 2023 | $547,000 | 15C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 7 Feb 2023 | $610,000 | 15B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 22 Dec 2022 | $285,000 | 12D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 22 Dec 2022 | $585,000 | 6D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 14 Dec 2022 | $580,000 | 2B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 25 Aug 2022 | $1,621,819 | 13/14 | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 25 Feb 2022 | $645,000 | 9B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 2 Feb 2022 | $587,000 | 3D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 24 Jan 2022 | $575,000 | 2D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 27 Jan 2020 | $640,000 | 8D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 6 Nov 2019 | $700,000 | 9D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 2 May 2019 | $550,000 | 6C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 26 Feb 2019 | $655,000 | 10D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 23 Jul 2018 | $1,992,755 | PHN | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 13 Jul 2017 | $795,000 | 12B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 15 Oct 2015 | $2,625,000 | PHS | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 12 Aug 2015 | $620,000 | 10C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 10 Aug 2015 | $640,000 | 13C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 7 Aug 2015 | $789,144 | 13A | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 5 Aug 2015 | $800,000 | 9B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 30 Jun 2015 | $576,000 | 14C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 3 Apr 2015 | $570,000 | 12D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 15 Dec 2014 | $586,000 | 3B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 7 Jul 2014 | $725,000 | 12B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 18 Jun 2014 | $505,000 | 5C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 4 Apr 2014 | $575,000 | 3D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 6 Mar 2014 | $627,000 | 8D | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 9 Dec 2013 | $525,000 | 8C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 30 Aug 2013 | $560,000 | 6B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 23 Jul 2013 | $590,000 | 12C | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 11 Jul 2013 | $600,000 | 10B | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 85 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them. | ||||
- RPTT&RET
- BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.
By year
| Year | Transfers | Median recorded | Lowest | Highest |
|---|---|---|---|---|
| 2025 | 2 | $649,500 | $599,000 | $700,000 |
| 2024 | 5 | $589,000 | $515,000 | $847,552 |
| 2023 | 4 | $591,000 | $547,000 | $615,000 |
| 2022 | 7 | $585,000 | $285,000 | $1,621,819 |
| 2020 | 1 | $640,000 | - | - |
| 2019 | 3 | $655,000 | $550,000 | $700,000 |
| 2018 | 1 | $1,992,755 | - | - |
| 2017 | 1 | $795,000 | - | - |
| 2015 | 7 | $640,000 | $570,000 | $2,625,000 |
| 2014 | 5 | $586,000 | $505,000 | $725,000 |
| 2013 | 9 | $590,000 | $510,000 | $2,100,000 |
| 2012 | 5 | $525,000 | $425,000 | $697,501 |
| 2011 | 3 | $510,000 | $505,000 | $529,000 |
| 2010 | 5 | $467,000 | $355,000 | $550,000 |
| 2009 | 2 | $540,000 | $505,000 | $575,000 |
| 2008 | 1 | $650,000 | - | - |
| 2007 | 5 | $575,000 | $522,000 | $661,863 |
| 2006 | 4 | $582,000 | $542,500 | $625,000 |
| 2005 | 8 | $527,500 | $275,000 | $650,000 |
| 2004 | 7 | $450,000 | $385,000 | $475,000 |
02
The building on the lot
Section through the lot
Lot area
4,567 sq ft
Building area
58,841 sq ft
Residential area
55,961 sq ft
Commercial area
2,880 sq ft
Office area
-
Retail area
2,880 sq ft
Buildings on the lot
1
Built floor area ratio
12.88
Residential FAR permitted
10
Zoning district
R10
03
Assessment
Assessed land value
$1,372,500
Assessed total value
$8,737,200
Exempt value
$19,970
Assessed per residential unit
$136,519
Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.
04
Classification and location
Building class
D4ELEVATOR COOPERATIVE
Neighbourhood
Midtown South-Flatiron-Union Square
ZIP code
10016
Community district
Manhattan 6
Council district
4
Coordinates
40.747729, -73.981287
05
Other buildings in Midtown South-Flatiron-Union Square
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 7 EAST 14 STREET | D4 | 495 | 1965 | 489 | $800k |
| 6 WEST 16 STREET | D4 | 481 | 1964 | 464 | $847k |
| 241 WEST 28 STREET | D6 | 480 | 2021 | 1 | - |
| 132 WEST 32 STREET | RM | 458 | 2005 | 1 | - |
| 56 WEST 23 STREET | D6 | 431 | 2000 | 0 | - |
| 7 WEST 14 STREET | D4 | 430 | 1964 | 418 | $885k |
| 5 EAST 22 STREET | RM | 423 | 1985 | 418 | $1.58m |
| 10 EAST 28 STREET | D6 | 416 | 1912 | 1 | - |
| 55 WEST 25 STREET | D6 | 407 | 2005 | 0 | - |
| 7 EAST 28 STREET | D8 | 404 | 1998 | 1 | - |
| 776 AVENUE OF THE AMERICAS | D8 | 387 | 2000 | 1 | - |
| 855 AVENUE OF THE AMERICAS | RM | 382 | 2014 | 0 | - |
Every building on file in Midtown South-Flatiron-Union Square