1021 Park Avenue

The neo-Gothic detailing is the signature. Where most of Park Avenue's pre-war stock works in a quiet classical register, 1021 reaches for ornament — the gargoyles, shields, and battlemented crown give the building a silhouette that reads from blocks away. Behind that face, Candela's planning does the quieter work: well-scaled entrance galleries, formal rooms arranged for entertaining, and the room counts that pre-war Park Avenue buyers come for.

With 27 residences over 15 floors, the building runs low-density, and a recent program of capital work modernized the infrastructure — the basement was rebuilt to add a private storage room for every apartment, a renovated common laundry, a fitness center, and upgraded mechanicals with the capacity to convert from oil to gas. The building is in the Park Avenue Historic District, so exterior work is subject to LPC review and approval.

1021 Park Avenue is run as a white-glove cooperative: a 24-hour doorman and a live-in resident manager, with a fitness center and per-apartment storage on premises. Financing is conservative by design — permitted up to 50% of the purchase price — and a 2.5% flip tax is paid by the purchaser at closing. The building is pet-friendly. Pieds-à-terre, co-purchasing, and parents purchasing for adult children are permitted, the latter typically considered case-by-case — a more flexible posture than many Park Avenue boards, though primary residence remains the building's center of gravity. Purchases clear through a full board application and interview.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $682/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 5.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01514-0001). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

Capital is the gate. Financing is capped at 50%, so plan for at least half the purchase price in cash plus the post-closing liquidity the board requires; confirm the current requirement from the application instructions. A 2.5% flip tax, paid by the buyer at closing, is part of your cost basis — confirm the current terms with management and budget it from the start. On use, the building is flexible: pieds-à-terre and co-purchasing are permitted, and parents buying for children are considered case-by-case, which widens the field of qualified buyers. The building is pet-friendly. Expect a board package and interview. The reward is a low-density, architecturally distinctive home in one of Carnegie Hill's most recognizable buildings.

Lead with the name and the face. "Rosario Candela" and the building's neo-Gothic crown are durable marketing assets that distinguish a sale here from the quieter pre-war stock around it. The use flexibility is a selling point — that pieds-à-terre and co-purchasing are permitted broadens your buyer pool relative to stricter Park Avenue boards. Price to the Carnegie Hill Candela tier, not the broader avenue — the relevant comparison set is the neighborhood's pedigreed pre-war cooperatives. Prepare buyers for a serious board. A fully documented, liquidity-strong package is essential; we help sellers vet buyers for board-readiness before accepting an offer so a transaction at this level doesn't stall.

If you're considering 1021 Park Avenue, also evaluate nearby Carnegie Hill and Park Avenue cooperatives:

• 1020 Park Avenue — postwar (1962) cooperative directly across the avenue
• 1025 Park Avenue — Carnegie Hill co-op a block north
• 1036 Park Avenue — postwar Park Avenue cooperative (LPC dates it 1954–56) across the avenue
• 1000 Park Avenue — full-service pre-war co-op to the south
• 1100 Park Avenue — Carnegie Hill cooperative on the avenue