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The 740 Corporation - 740 Park Avenue, New York, NY 10021 Property Information

The 740 Corporation - 740 Park Avenue, New York, NY 10021 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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The 740 Corporation - 740 Park Avenue, New York, NY 10021 2
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Address

Building name The 740 Corporation
Primary address The 740 Corporation - 740 Park Avenue
Secondary address 37-75 E 71st St
Neighborhood Lenox Hill
Zip code 10021
Borough Manhattan
Block & lot 01386-0033

Sales & Tax Overview for 740 Park Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $4,766,169

Lot & Building Information for 740 Park Avenue, New York

Lot sqft 22,476
Lot dimensions 102.17 ft x 220 ft
Building class Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) i
Building sqft 273,583
Building dimensions 100 ft x 217 ft
Buildings on lot 1
Stories 19
Year built 1930
Year last altered 2019
Frontage(s) East 71 Street(narrow)
Park Avenue(narrow)
Metro North-Connecting Rail Line(narrow)
Nearest wide street East 72 Street
Distance to wide street
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Zoning & Use for 740 Park Avenue, New York

Zoning
Residential units (DOF) 33
Commercial units 7
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 8
Closest police station 0.23 Miles
Closest fire station 0.22 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Building Description

Located two blocks east of Central Park, this 19-story luxury co-op building has just 33 units. Built in 1930, it was developed by James T. Lee, grandfather of future first lady Jacqueline Kennedy Onassis and designed by Rosario Candela - famous for his home designs along both Park and Fifth Avenues - and Arthur Loomis Harmon, co-architect of the Empire State Building. 740 Park Avenue boasts 273,533 square feet, giving its few residences plenty of room - one suite boasts a full 20,000 square feet on its own.

With its prominent address, the building obviously sits squarely in the middle of one of the trendiest shopping areas in the entire world. Its doormen, concierges and staff work 24 hours a day, and the spacious apartments feature high ceilings, private entrances, hardwood floors, fireplaces, and formal dining rooms. Cats and dogs are allowed, and for children, PS 267 is located just 0.6 miles away.

Other Property Data for 740 Park Avenue, New York

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Floor area ratio (FAR) for The 740 Corporation - 740 Park Avenue, New York, NY 10021, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for The 740 Corporation - 740 Park Avenue, New York, NY 10021, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 37-75 E 71st St, New York, NY 10021
  • 740-742 Park Ave, New York, NY 10021

About 740 Park Avenue, New York

What is the year built & the total sq. ft. for The 740 Corporation - 740 Park Avenue, New York, NY 10021?

The 740 Corporation - 740 Park Avenue, New York, NY 10021 was built in 1930 and has a total of 273,583 square feet.

What is the assessed value of The 740 Corporation - 740 Park Avenue, New York, NY 10021 and the property tax paid?

Assessed at $44,856,900, the tax amount paid for The 740 Corporation - 740 Park Avenue, New York, NY 10021 is $4,981,385. For the next year, the tax amount for The 740 Corporation - 740 Park Avenue, New York, NY 10021 is estimated at $4,766,169.

How many residential units does this building have?

This building has 33 residential unit(s) and 7 commercial spaces.

Ownership Information for 740 Park Avenue, New York

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Property owner name for The 740 Corporation - 740 Park Avenue, New York, NY 10021
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Building contacts for The 740 Corporation - 740 Park Avenue, New York, NY 10021
Building management:
Representatives (from permits):
Tenants:


Real Estate Reports:
Eliza Theiss, Apr 24, 2025 Top 50 Most Expensive NYC Neighborhoods Q1 2025: Prices Rise in 32 Neighborhoods, Little Italy Grabs #2 With $4.6M
NYC’s strong +10% Y-o-Y start was also reflected among the city’s 50 most expensive neighborhoods, most of which saw both prices and sales rise.
Eliza Theiss, Apr 10, 2025 New York Metro Foreclosure Report: Q1 2025 Marks Slowest Quarter in 5 Years for Metro While Manhattan Activity Reaches 8-Year High
Manhattan hits 8-year high, but metro foreclosures drop fueled by the slowdowns of its most active markets: Queens, Suffolk, Nassau & Brooklyn.
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Past Sales & Property History for 740 Park Avenue, New York

Create a free account to view the complete sales history for 740 Park Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 740 Park Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/18/2024 - R UCC3 termination
(2024091700932001)
03/21/2024 - D
03/27/2024 - R
Assignment, mortgage
(2024032601047002)
03/21/2024 - D
03/27/2024 - R
Assignment, mortgage
(2024032601047001)
02/19/2021 - R UCC3 termination
(2021021801356006)
02/17/2021 - R Initial UCC1
(2021021700163001)
02/16/2021 - D
02/19/2021 - R
Assignment of leases and rents
(2021021801356004)
02/16/2021 - D
02/19/2021 - R
Agreement
(2021021801356003)
02/16/2021 - D
02/19/2021 - R
Mortgage
(2021021801356002)
02/04/2021 - D
02/19/2021 - R
Termination of assign of L&R
(2021021801356005)
02/04/2021 - D
02/19/2021 - R
Assignment, mortgage
(2021021801356001)
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R: Recorded date
D: Document date

Property Taxes for 740 Park Avenue, New York

Access detailed property tax data for The 740 Corporation - The 740 Corporation - 740 Park Avenue, New York, NY 10021. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2024-2025
Property tax: $4,981,386
Estimated property tax: $4,766,169
Tax assessor's market value: $99,682,000
Assessed value: $44,856,900

Assessment History for 740 Park Avenue, New York

Here's the assessment & property tax history for 740 Park Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax Year over year change
2024/25 $99,682,000 $44,856,900 $44,123,399 12.5% $5,515,425 $4,981,300 -0.58%
2023/24 $99,359,000 $44,711,550 $44,298,093 12.502% $5,538,148 $5,010,416 +7.09%
2022/23 $95,522,000 $42,984,900 $42,984,900 12.267% $5,272,958 $4,678,613 +3.37%
2021/22 $93,000,000 $41,850,000 $41,850,000 12.235% $5,120,348 $4,526,003 -9.84%
2020/21 $93,942,000 $42,273,900 $40,924,299 12.267% $5,020,184 $5,020,184 +2.50%

Permits for 740 Park Avenue, New York

The complete history of permits filed for 740 Park Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
02/05/2025 Alteration
01/29/2025 Alteration
01/29/2025 Alteration
12/20/2024 Alteration
12/06/2024 Alteration
07/09/2024 Alteration
06/27/2024 Alteration
06/20/2024 Alteration
06/17/2024 Alteration
06/13/2024 Alteration
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Lenox Hill Residential Market Stats

Access a detailed real estate market overview of Lenox Hill so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Lenox Hill and compare it to other neighborhoods in Manhattan.

Median Sale Price
$1,150,000
4.5% YoY
Median Price/Sqft
$1,260
-2.6% YoY
Manhattan Median Sale Price
$1,080,000
8.1% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Lexington Ave & 68th St at NW Corner
Station lines 6
Distance (miles) 0.2
View subway map
Bus Routes
Name E 72 St/Madison Av
Line M72
Distance (miles) 0.047

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
East Side Elementary School, PS 267 10 Yes Public K-5 413 0.48
Buckley School NR No Private K-9 374 0.13
The Hewitt School NR No Private K-12 522 0.21
Rabbi Arthur Schneier Park East Day School NR No Private PK-8 264 0.26
Rabbi Arthur Schneier Park East Day School NR No Private PK-8 264 0.26

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 167 Robert F Wagner 9 Yes Public 6-8 1,378 0.36
Buckley School NR No Private K-9 374 0.13
The Hewitt School NR No Private K-12 522 0.21
Rabbi Arthur Schneier Park East Day School NR No Private PK-8 264 0.26
The Allen-Stevenson School NR No Private K-8 421 0.35

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Manhattan High School For Girls NR No Private 9-12 204 0.18
Dominican Academy NR No Private 9-12 0 0.18
Dominican Academy NR No Private 9-12 218 0.18
The Hewitt School NR No Private K-12 522 0.21
St. Jean Baptiste High School NR No Private 9-12 338 0.27

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 740 Park Avenue, New York

Here are the neighbors for The 740 Corporation - The 740 Corporation - 740 Park Avenue, New York, NY 10021.

Address Square feet Purchase date Purchase price
19 E 71st St, New York 9,120 03/10/1997
750 Park Ave, New York 72,792 03/18/1980
28 E 72nd St, New York 5,353 07/09/2015 $12,000,000
18 E 72nd St, New York 11,496 09/14/1972
13 E 71st St, New York 7,406 04/15/2010 $16,750,000
20 E 72nd St, New York 10,960 08/22/2011
16 E 72nd St, New York 11,190 06/27/2001
12 E 72nd St, New York 15,416 10/03/2009
872 Madison Ave, New York 14,074 02/18/2015
11 E 71st St, New York 10,642 09/17/2010
9 E 71st St, New York 18,814 06/22/2023 $65,603,057
900 5th Ave, New York 170,106
30 E 72nd St, New York 64,874 03/01/1967
861 Madison Ave, New York 37,046
36 E 72nd St, New York 63,296
17 E 71st St, New York 9,420 10/27/2014 $28,000,000
15 E 71st St, New York 8,194
867 Madison Ave, New York 27,720 04/15/2005 $78,750,000
888 Madison Ave, New York 37,525 11/01/2012
3 E 71st St, New York 80,860
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