475 Park Avenue - Midtown East
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475 Park Avenue stands as one of Manhattan's oldest apartment buildings, originally constructed in 1908 and dramatically reimagined in 1959. The building has a fascinating history: William Randolph Hearst once owned the site, and the Aluminum Company of America nearly built their 30 story New York headquarters here before the deal fell through. The property was eventually acquired by Henry Goelet, who commissioned architects Charles N. and Selig Whinston to design the current 14 story white brick structure. Originally built with duplex apartments, the 1959 renovation converted the building into 92 simplex units, creating the co-op that exists today.
The building exemplifies white glove service with comprehensive amenities including a 24 hour doorman, live-in resident manager, elevator attendants, and porters. Located between East 57th and 58th Streets, residents enjoy prime access to Central Park, Midtown offices, and the city's finest shopping and cultural institutions. The building's broad canopied entrance and consistent fenestration give it a distinctive presence on Park Avenue, though it's notably described as one of the plainer buildings on the prestigious avenue.
Apartments throughout the building showcase classic prewar elegance with high ceilings ranging from 9.5 to 10+ feet, crown moldings, and hardwood floors. Many units feature marble bathrooms, decorative fireplaces, and expansive windows offering Park Avenue views. Corner apartments are particularly desirable, with some boasting over 75 feet of Park Avenue frontage and multiple exposures. The building's larger residences include classic six room layouts, with some apartments featuring staff rooms that can serve as additional bedrooms or home offices.
The co-op maintains flexible policies that appeal to various buyers: pied-à-terres are permitted with board approval, financing up to 50% is allowed, and in-unit washer/dryers can be installed with approval. Most apartments include basement storage, and pets are considered on a case by case basis.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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