New York City · Commercial sale

1678 Park Avenue Owners buys 1678 Park Avenue in Manhattan for $7.5 million

A parking lot at 1678 Park Avenue, Manhattan sold for $7,500,000 on September 10, 2026. See the seller and buyer net sheets for this sale.

What would your home net? Get a free New York City seller net sheet Agents: send a branded net sheet like this to your seller, free

Automated sale report from public sales records · How we make these · Published November 9, 2026

Sold September 10, 2026 · New York, New York

Aerial view of 1678 Park Avenue, Manhattan with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $7,500,000
Sold: September 10, 2026
Property type: Parking lot
Lot size: 17,642 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 10, 2026

Seller's estimated net sheet

1678 Park Avenue, Manhattan

Sale price	$7,500,000
Prorations
Property tax proration (refund to seller)	$99,339.04
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$30,000
NY State additional transfer tax (NYC non-residential $2M+)	$18,750
NYC real property transfer tax (commercial/other)	$196,875
Other costs
Wire / courier / payoff processing	$75
Total deductions	$247,450
Estimated net to seller	$7,351,889.04

Estimate by NetSheet.orgEstimate your own sale

NetSheet.orgSeptember 10, 2026

Buyer's estimated net sheet

1678 Park Avenue, Manhattan

Purchase price (cash)	$7,500,000
Title and settlement
Owner's title insurance policy	$27,272.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$99,339.04
Closing costs and prepaids	$129,111.59
Estimated cash to close	$7,629,111.59

Estimate by NetSheet.orgEstimate your own sale

What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($123,750).
Title and settlement fees are typical estimates, not quotes.

Selling in Manhattan?

New York City transfer tax and closing costs

A parking lot at 1678 Park Avenue sold for $7,500,000. That was 4.5 times its recorded market value of $1,652,000, according to New York City Department of Finance records.

The sale closed on September 10, 2026, according to the department’s ACRIS property records. The department’s records show a 17,642-square-foot lot.

The record lists Nyc Partnership Housing Development Fund Co. Inc. and Southern Park Avenue Parking LLC as the seller. It lists 1678 Park Avenue Owners LLC and HP 1678 Park Avenue Housing Dev. Fund. Co. Inc. as the buyer.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $196,875 for the nYC real property transfer tax (commercial/other) and $30,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $7,351,889. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $7,629,112 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

1678 Park Avenue, Manhattan, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091100731001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.