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500 Park Avenue #C1, New York, NY 10022 Property Information

500 Park Avenue #C1, New York, NY 10022 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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500 Park Avenue #C1, New York, NY 10022 3
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Address

Primary address 500 Park Avenue #C1
Secondary address 56-60 E 59th St
Neighborhood Central Midtown
Zip code 10022
Borough Manhattan
Block & lot 01294-1001

Sales & Tax Overview for 500 Park Avenue #C1, New York

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

Purchase date 01/21/2025
Purchase price $61,204,826
Tax class

Lot & Building Information for 500 Park Avenue #C1, New York

Lot sq. ft. 12,500
Lot dimensions 100 ft x 75 ft
Property type Office Space (RB)
Building sqft 68,974
Buildings on lot 1
Year built 1982
Year last altered 2002
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Zoning & Use for 500 Park Avenue #C1, New York

Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.39 Miles
Closest fire station 0.44 Miles

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

Unit Overview

Unit # C1
Square feet 68,974
Condo complex 100144

Other Property Data for 500 Park Avenue #C1, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 500 Park Avenue #C1, New York, NY 10022, 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 500 Park Avenue #C1, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 56-60 E 59th St, New York, NY 10022

About 500 Park Avenue #C1, New York

How many sq. ft. does 500 Park Avenue #C1, New York, NY 10022 have & what is the price per sq. ft?

This Office Space (RB) located at 500 Park Avenue #C1, New York, NY 10022 has a total of 68,974 square feet and a current price per square foot of $887.

What is the year built & the current market value of 500 Park Avenue #C1, New York, NY 10022?

500 Park Avenue #C1, New York, NY 10022 was built in 1982 and has a current tax assessor's market value of $39,361,012.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 500 Park Avenue #C1, New York

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Property owner name for 500 Park Avenue #C1, New York, NY 10022
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Building contacts for 500 Park Avenue #C1, New York, NY 10022
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Jun 11, 2026 NYC Business Leaders on RTO: Survey Reveals Hybrid Still Dominates, Office Attendance Set to Rise
Huble’s recent survey of 126 founders, CEOs and other decision-makers in New York City’s startup ecosystem revealed how local business leaders are approaching workplace strategy in 2026 and beyond.
Lucian Alixandrescu, May 27, 2026 NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1% 
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
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Past Sales & Property History for 500 Park Avenue #C1, New York

Create a free account to view the complete sales history for 500 Park Avenue #C1, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
01/21/2025 $61,204,826

Title Documents for 500 Park Avenue #C1, 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
10/24/2025 - R
10/07/2025 - D
Agreement
(2025102200458001)
02/03/2025 - R Initial UCC1
(2025012401000013)
02/03/2025 - R
01/21/2025 - D
Agreement
(2025012401000012)
02/03/2025 - R
01/21/2025 - D
Assignment, Mortgage
(2025012401000011)
02/03/2025 - R
01/21/2025 - D
Agreement
(2025012401000010)
02/03/2025 - R
01/21/2025 - D
Partial Release of Mortgage
(2025012401000009)
02/03/2025 - R
01/21/2025 - D
Mortgage Spreader Agreement
(2025012401000008)
02/03/2025 - R
01/21/2025 - D
Termination of Agreement
(2025012401000007)
02/03/2025 - R
01/21/2025 - D
Deed
(2025012401000005)
10/21/2020 - R
07/24/2020 - D
Amended Condo Declaration
(2020101301407001)
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R: Recorded date
D: Document date

Property Taxes for 500 Park Avenue #C1, New York

Access detailed property tax data for 500 Park Avenue #C1, New York, NY 10022. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $1,888,393
Tax assessor's market value: $39,361,012
Assessed value: $17,712,455

Assessment History for 500 Park Avenue #C1, New York

Here's the assessment & property tax history for 500 Park Avenue #C1, 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
2025/26 $42,854,000 $19,284,300 $17,019,940 10.848% $1,846,323 $1,846,323 +3.89%
2024/25 $41,914,012 $18,861,305 $16,513,741 10.762% $1,777,209 $1,777,209 -2.29%
2023/24 $40,370,012 $18,166,505 $17,172,331 10.592% $1,818,893 $1,818,893 -2.04%
2022/23 $38,797,000 $17,458,650 $17,441,030 10.646% $1,856,772 $1,856,772 +9.45%
2021/22 $35,052,000 $15,773,400 $15,773,400 10.755% $1,696,429 $1,696,429 -16.82%

Permits for 500 Park Avenue #C1, New York

The complete history of permits filed for 500 Park Avenue #C1, 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.

No recorded permits for this property.

Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$797
19.7% YoY
Median Price/Sqft Q4/2025
$606
-17.5% YoY
Median Price/Sqft 2025
$656
-5.9% YoY

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

Transportation

Distance to Subway
Closest station Lexington Ave & 59th St at SW Corner
Station lines N-Q-R-4-5-6
Distance (miles) 0.127
View subway map

Neighbors for 500 Park Avenue #C1, New York

Here are the neighbors for 500 Park Avenue #C1, New York, NY 10022.

Address Square feet Purchase date Purchase price
75 Pearl St, New York 06/11/1985
336 E 96th St, New York 34,687 10/29/2015 $3,803,589
95 5th Ave, New York 22,324 09/02/2005 $8,119,300
770 Lexington Ave, New York 156,823 11/01/2017 $28,050,000
25 W 106th St, New York 11,670 03/05/2024 $14,000,000
216 E 117th St, New York 5,000 06/11/2024 $1,564,000
51 E 10th St, New York 7,952 12/18/2017
40 Nagle Ave, New York 06/27/1985
132 Greene St, New York 61,999 04/02/1976
128 E 111th St, New York 05/26/1989
244 E 23rd St, New York 2,798 12/27/2021
1212 6th Ave, New York 248,896 01/06/2006 $15,792,259
233 W 21st St, New York 20,748 11/10/1987
158 W 88th St, New York 4,400 04/09/2010 $3,670,000
37 W 88th St, New York 6,689 05/15/2019 $8,875,000
205 Chrystie St, New York 9,967 09/16/2015 $12,000,000
23 W 119th St, New York 19,476 10/19/2017 $284,240
85 Broad St, New York 1,007,569 11/01/2017 $28,050,000
30 Nagle Ave, New York 06/27/1985
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