New York City  »  10022  »  Park Ave  »  500 Park Ave

500 Park Avenue, New York, NY 10022 - Property report

Also known as: 62 E 59th St

Property image for 500 Park Avenue, New York, NY 10022
static Mapbox map

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1960

Lot sq. ft.

12,553

Sale price

$68,795,174

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
500 Park Avenue
Alternate address(es)
62 E 59th St
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01294-0037

Owner

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Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
103,178
Building dimensions
100.42 ft x 125 ft
Buildings on lot
1
Stories
11
Year built
1960
Building material
Sales
Sale date
01/21/2025
Sale price
$68,795,174
Tax
Tax year
2026-2027
Property tax
$2,274,386
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100.42 ft x 125 ft
Lot sq. ft.
12,553

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
78 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.38 Miles
Closest fire station
0.43 Miles

View more such as transportation, nearby schools and risk designations.

Units for 500 Park Avenue, New York, NY

Ownership

Ownership information for 500 Park Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 500 Park Avenue, New York, NY 10022

Sale date Sale price Buyer name Seller name
01/21/2025 $68,795,174 XXX XXXX XXXXXXXXXX XXXXX XXX XXX XXX XXX XXXX XXXXXX, XXX
01/13/2005 $1,800,000 XXXXXXX, XXXXXX XXXXX, XXXXXXXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/25/2025 - R
04/11/2025 - D		 Agreement
(2025042401045001)		 XXX XXXX XXXXXXXXXX XXXXX XXX XXX XXXXXXXXXXX XXX
02/03/2025 - R Initial UCC1
(2025012401000013)		 XXX XXXX XXXXXXXXXX XXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
02/03/2025 - R
01/21/2025 - D		 Agreement
(2025012401000012)		 XXX XXXX XXXXXXXXXX XXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
02/03/2025 - R
01/21/2025 - D		 Assignment, Mortgage
(2025012401000011)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
02/03/2025 - R
01/21/2025 - D		 Agreement
(2025012401000010)		 XXX XXXX XXXXXXXXXX XXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
02/03/2025 - R
01/21/2025 - D		 Partial Release of Mortgage
(2025012401000009)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX XXX XXXX XXXXX XXX
02/03/2025 - R
01/21/2025 - D		 Mortgage Spreader Agreement
(2025012401000008)		 XXX XXXX XXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
02/03/2025 - R
01/21/2025 - D		 Termination of Agreement
(2025012401000007)		 XXX XXXX XXXXXXXXXX XXXXX XXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX XX XXX XXXXXX
02/03/2025 - R
01/21/2025 - D		 Termination of Lease or Memo
(2025012401000006)		 XXX XXX XXX XXXX XXXXXX XXX XXX XXX XXX XXXX XXXXXX XXX
02/03/2025 - R
01/21/2025 - D		 Deed
(2025012401000004)		 XXX XXX XXX XXXX XXXXXX XXX XXX XXXX XXXXXXXXXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 500 Park Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$2,274,386
Municipal exemptions
Recent tax assessments
Market value
$46,591,000
Assessed value
$20,965,950

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $44,901,000 $20,205,450 $20,205,450 10.848% $2,191,887 $2,191,887 -3.87%
2024/25 $47,112,000 $21,200,400 $21,185,780 10.762% $2,280,014 $2,280,014 -6.91%
2023/24 $52,018,000 $23,408,100 $23,122,990 10.592% $2,449,187 $2,449,187 -1.05%
2022/23 $51,764,000 $23,293,800 $23,250,570 10.646% $2,475,256 $2,475,256 +8.24%
2021/22 $47,250,000 $21,262,500 $21,262,500 10.755% $2,286,782 $2,286,782 -18.24%
2020/21 $61,448,000 $27,651,600 $26,154,030 10.694% $2,796,912 $2,796,912 +1.57%
2019/20 $60,779,000 $27,350,550 $26,133,709 10.537% $2,753,709 $2,753,709 +4.61%
2018/19 $55,637,000 $25,036,650 $25,036,650 10.514% $2,632,353 $2,632,353 -5.94%
2017/18 $59,695,000 $26,862,750 $26,616,370 10.514% $2,798,445 $2,798,445 +1.64%
2016/17 $62,347,000 $28,056,150 $26,038,280 10.574% $2,753,288 $2,753,288 +0.97%
Permits

Permit information for 500 Park Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
07/31/2026 Alteration
07/31/2026 Alteration
07/31/2026 Alteration
07/22/2026 Alteration
05/05/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
02/22/2022 Fispnrf-no report and / OR late filing (facade) facade required
12/27/2021 E-elevator elevatorrequired
12/28/2020 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Lexington Ave & 59th St at SW Corner
Station lines
N-Q-R-4-5-6
Distance (miles)
0.108
View subway map

Access the detailed traffic volume map for 500 Park Avenue, New York, NY 10022 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 500 Park Avenue, New York, NY

369 Lexington Ave, New York 480 Park Ave, New York 14 E 58th St, New York 600 Madison Ave, New York 122 E 42nd St, New York 110 E 42nd St, New York 625 Madison Ave, New York 125 Park Ave, New York 57 E 57th St, New York 101 Park Ave, New York 622 3rd Ave, New York 767 5th Ave, New York 16 E 58th St, New York 355 Lexington Ave, New York 630 3rd Ave, New York 605 Madison Ave, New York 611 Madison Ave, New York 370 Lexington Ave, New York 745 5th Ave, New York 601 Madison Ave, New York

Nearby ZIP codes for 500 Park Avenue, New York, NY

10017, New York City, NY 10020, New York City, NY 10021, New York City, NY 10065, New York City, NY 10103, New York City, NY 10112, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 500 Park Avenue, New York, NY 10022?

The development at 500 Park Avenue, New York, NY 10022 was built in 1960.

What is the market value of 500 Park Avenue, New York, NY 10022?

The current market value of 500 Park Avenue, New York, NY 10022 is $46,591,000.

What is the total square footage of 500 Park Avenue, New York, NY 10022?

500 Park Avenue, New York, NY 10022 has a total of 103,178 square feet.

What is the price per square foot for this property?

$666 per square foot is the price for 500 Park Avenue, New York, NY 10022.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 13.

How many active listings does 500 Park Avenue, New York, NY 10022 have?

This address has 1 active listing(s).

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