RealtyLens
for saleRealtyLens property overview
$2,500,000

1 Park Ave Fl 5

Manhattan, NY, 10016
View more Manhattan, NY property pages
2Beds
2Baths
1,247Sqft
$2005$/sqft

Market Insights

Near nearby median+3.2%

$2005/sqft vs a nearby median of $1943/sqft.

Nearby median$1943/sqft
Nearby properties8
Property size1,247 sqft
  • +3.2% versus the nearby median price per square foot.
  • 12 price records are available for this property.
  • 1,247 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.67M$2.41M – $2.93M · 42% confidence
vs ask $2.50M−$168k (−6.7%)

Asking price is about 6.7% below the fair value — likely to draw competing offers if it's still on market.

$2,067/sqft median across 5 tight comps × 1,247 sqft= $2.58M
  • Transit access+$103k +4.0%
  • Days-on-market gravity−$77k −3.0%
  • Pre-war character+$64k +2.5%
  • High-density walkability+$52k +2.0%
  • AI-generated marketing photos−$52k −2.0%
Cumulative NYC adjustments+$90k+3.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+3.2% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price Movement5 price cuts

Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
488 days
Last price change
Up $2,487,650 (20143%)
Listed
Jan 9, 2025
Photos
14 photos
Property type
condos
Status
for sale

Photos

Building Facts

Year built
1926
Stories
18
Total units
19
Building area
15.77 ac
Lot size
1.04 ac
Land use
Commercial and office buildings
Building class
RC

From NYC public records where available.

Price History

May 13, 2026diff
$2,500,000for sale
May 12, 2026diff
$12,350for rent
May 12, 2026diff
$2,500,000for sale
May 12, 2026diff
$12,350for rent
May 12, 2026diff
$2,500,000for sale
May 11, 2026diff
$12,350for rent
May 11, 2026diff
$2,500,000for sale
May 11, 2026diff
$12,350for rent

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.