The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$2,000,000
485 Park Avenue Ave Unit 1B
Manhattan, NY, 10022
View more Manhattan, NY property pages3Beds
3.5Baths
2,394Sqft
$835$/sqft
Market Insights
Below nearby median-22%
$835/sqft vs a nearby median of $1071/sqft.
Nearby median$1071/sqft
Nearby properties8
Property size2,394 sqft
- -22% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,394 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.65M$2.36M – $2.93M · 33% confidence
vs ask $2.00M−$646k (−32.3%)
Asking price is about 32.3% below the fair value — likely to draw competing offers if it's still on market.
$1,053/sqft median across 4 tight comps × 2,394 sqft= $2.52M
- Transit access+$101k +4.0%
- Days-on-market gravity−$76k −3.0%
- Pre-war character+$63k +2.5%
- High-density walkability+$50k +2.0%
- Visible condition issues−$13k −0.5%
Cumulative NYC adjustments+$126k+5.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Listing Details
- Days on market
- 299 days
- Last price change
- No change recorded
- Listed
- Jul 17, 2025
- Photos
- 11 photos
- Property type
- coop
- Status
- for sale
Photos
Building Facts
- Year built
- 1922
- Stories
- 14
- Total units
- 25
- Residential units
- 23
- Building area
- 1.90 ac
- Lot size
- 6,787 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D4
From NYC public records where available.
Price History
May 4, 2026Initial record
$2,000,000for sale