470 Park Avenue

Overview of 470 Park Avenue

470 Park Avenue stands as a distinguished red brick pre-war cooperative built in 1916 by the renowned architectural firm Schwartz & Gross, who designed numerous other prestigious Park Avenue buildings including 525, 885, 888, 910, 911, 930, 941, 970, 983, 1095, 1125, and 1165. The 14 story building contains approximately 70 apartments and was converted to a co-op in 1954. Located between 57th and 58th Streets, the building features an attractive canopied entrance and occupies a prime position on the same block as the luxurious Four Seasons Hotel.

The is a full service white glove cooperative with attentive staff including a 24 hour doorman, porters, and a live-in resident manager. Amenities include two private gardens, basement storage with complimentary commercial washers and dryers, and a bike room, though notably lacks a garage or roof deck. The cooperative maintains flexible ownership policies, welcoming pets and pied-à-terre arrangements, while permitting up to 50% financing, co-purchasing, foreign buyers, and parental assistance purchases. A 3% flip tax applies to sales.

Apartments throughout the building showcase classic pre-war elegance with soaring 9 to 10+ foot ceilings, original hardwood floors often in herringbone patterns, decorative moldings, and wood burning fireplaces. Many units feature semi-private elevator landings and oversized windows offering Park Avenue views, with some apartments boasting multiple exposures and views extending to iconic landmarks like the Plaza Hotel. The building's apartments range from spacious one bedrooms to grand four bedroom residences, with several units originally part of larger apartments that were thoughtfully subdivided in the late 1940s, resulting in exceptionally generous room proportions.

The location provides residents with unparalleled access to Manhattan's finest offerings, situated moments from Central Park, world class shopping along Fifth and Madison Avenues including Bergdorf Goodman and Tiffany & Co., and convenient public transportation via the N/R/W and 4/5/6 trains at 59th Street Lexington Avenue. The building's position in the Plaza District places residents within walking distance of premier dining, cultural institutions, and a Whole Foods approximately five blocks away.