1036 Park Avenue
1036 Park Avenue, New York, NY 10028
BBL 1014970041 · BIN 1046834
- Year built
- 1958
- Type
- Cooperative
- Units
- 70
- Floors
- 19
- Land
- Owned by the building's owners
- The Roebling Research Desk's building record, 2021
- Landmark status
- Not an individual landmark; in the Park Avenue Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Dogs and cats
- Not permitted
- Maximum financing
- 50% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the buyer
- Doorman
- Full-time doorman
- Flip tax
- 2% of the purchase price, paid by the purchaser
- Land
- Owned
- Tax status
- Participates in the NYC Cooperative/Condominium Shareholder Real Estate Tax Abatement Program; the co-op refunds abatements to shareholders via an offsetting operating assessment
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2021). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Studio median, 2024–2026
- $370K
- 4 qualifying sales
- Recent range
- $333K – $1.3M
- Listing discount
- 5.3%
- Recorded transfers
- 55
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1036 Park Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
1036 Park Avenue is among the southern Carnegie Hill cooperatives that occupy the geographic seam between Carnegie Hill and Lenox Hill — the most consequential single transition in the Park Avenue residential corridor. The building's location two doors south of the Park Avenue / East 86th Street corner places it within walking proximity to both the Lenox Hill amenity base to the south and the Carnegie Hill cultural concentration to the north (Cooper Hewitt, Jewish Museum, Guggenheim).
The 71-apartment scale places 1036 Park among the smaller-to-mid-size Park Avenue cooperatives — meaningfully more institutional than the smallest tier-one Candela peers (740 Park: 33; 778 Park: 18) but less institutional than the larger Carnegie Hill peers (1040 Park: ~100; 1185 Park: courtyard plan with multiple wings). The unit scale produces moderate annual transaction volume — typically 4–7 transactions per year — and a manageable institutional density.
The building's financial profile, from the 2021 reporting reviewed for this profile, includes:
- December 2021 mortgage refinancing at 2.94%. The cooperative refinanced its prior $2.4M mortgage (held by Sterling National Bank at 3.375% with 40-year amortization) to a new $2.3M mortgage held by National Cooperative Bank at 2.94% interest with 30-year amortization, maturing January 1, 2032. The rate is reported at 2.94% to the January 1, 2032 maturity, when a balloon payment of about $1.76 million falls due; the 2021 reporting does not show later borrowing or paydown.
- $500K revolving line of credit also established with NCB at the time of refinancing, providing flexible access to capital for unexpected expenditures (currently undrawn as of the 2021 reporting date).
- Professional unit commercial rental income of approximately $125,000–$130,000 per year as reported in 2021. The reported lease ran through 2024, so confirm the current lease and rent before treating it as income that offsets maintenance.
- 2% flip tax on all sales, which feeds into the corporation's additional paid-in capital — a long-term mechanism for building reserves and supporting capital expenditures without raising maintenance.
- Established capital reserve of approximately $384,000 (2021), invested across Webster Bank, NCB, Wells Fargo, and Merrill Lynch.
For buyers, 1036 Park represents a particular tier of Carnegie Hill Park Avenue inventory: Gustave W. Iser's 1954–56 postwar design, 71-apartment moderate scale, a 2021 financial position that includes a 2.94% mortgage maturing in January 2032 and supplementary professional-unit income, and a Park Avenue location between East 85th and East 86th Streets.
Architecture and unit composition
1036 Park Avenue is a postwar cooperative. LPC identifies its modern brick-and-ceramic building as a 1954–56 design by Gustave W. Iser.
The 71-apartment count, distributed across the building's stories, produces a range of unit configurations — from smaller pied-à-terre and one-bedroom units through larger 3–4 BR family configurations. The capitalization basis (per the 2021 audit) shows accumulated building improvements of approximately $4.05M relative to a $2.38M original building cost basis — indicating substantial reinvestment over the cooperative's history (lobby modernization, elevator upgrades, exterior restoration work).
Assess each apartment's ceiling heights, layout and surviving finishes from its plans and condition; 1920s apartment conventions should not be assumed for this building.
Park Avenue-facing apartments (east exposure) look across the Park Avenue median plantings. 85th Street- or 86th Street-side exposures look across cross-streets to neighboring buildings.
Building operations
1036 Park Avenue operates as a full-service postwar cooperative under the corporate entity 1036 Park Corporation. Building services are provided by employees under the 32BJ Service Employees International Union (the standard NYC apartment building union), with substantially all building employees covered by the multiemployer Building Service 32BJ Pension Fund.
Current amenities: Full-time doorman, attended elevator, on-site superintendent, private storage bins, shared laundry.
Financial profile (2021):
| Line Item | 2021 |
|---|---|
| Total revenue | $2,768,759 |
| Maintenance charges (shareholders) | $2,407,457 |
| Operating assessment | $206,324 (~$8.01/share) |
| Professional unit commercial rent | $125,709 |
| Storage bin income | $18,235 |
| Real estate taxes | $1,141,304 |
| Total operating cost | $2,752,334 |
| Wages + union + payroll taxes + workers comp | ~$933,000 |
| Mortgage interest expense | $73,293 |
| Net operating position before non-cash | $16,425 |
| Net loss (after depreciation/amortization) | ($129,673) |
The accounting net loss of $129,673 in 2021 reflects substantial non-cash depreciation and amortization charges (~$125,772). The cash-flow position was meaningfully stronger: cash provided by operating activities was $200,793 in 2021, and the cooperative ended 2021 with $642,676 in cash and cash equivalents (up from $523,121 at year-start).
Mortgage structure (as of December 2021):
| Attribute | Detail |
|---|---|
| Lender | National Cooperative Bank (NCB) |
| Original principal | $2,300,000 |
| Interest rate | 2.94% per annum |
| Amortization | 30-year |
| Monthly payment | $9,623 |
| Maturity date | January 1, 2032 |
| Reported balloon at maturity | $1,759,733 — confirm the note’s day-count convention, payment calendar and current lender schedule before relying on this amount |
| Revolving line of credit | $500,000 (undrawn as of 2021) |
Prepayment terms: Subject to yield maintenance formula or 1% prepayment premium if paid before the 7th-month-from-maturity threshold; tapering to 1% within 4 months of maturity; no premium thereafter.
Operating assessment: The cooperative implemented a recurring operating assessment of approximately $8.01 per share per year, generating ~$206,000 annual additional operating revenue. The assessment offsets the corresponding refund of NYC Cooperative Shareholder Real Estate Tax Abatement Program credits passed through to qualifying shareholders.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 2% of the purchase price
- Rate
- 2% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of August 2026
Purchase
12 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $120 per person | Refundable Non-refundable |
| COVID-19 Cleaning FeesMust be paid when move is scheduled | Paid by Buyer | When At move-out and move-in | Amount $125 | Refundable Not stated |
| Corporation Administrative Fee | Paid by Buyer | When At closing | Amount $25 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $400 if financing | Refundable Not stated |
| Move-In Fee | Paid by Buyer | When At closing | Amount $200 | Refundable Non-refundable |
| Corporation Administrative Fee | Paid by Seller | When At closing | Amount $25 | Refundable Not stated |
| Managing Agent Transfer Fee | Paid by Seller | When At closing | Amount $850 | Refundable Not stated |
| Move-Out Fee | Paid by Seller | When At closing | Amount $200 | Refundable Non-refundable |
| N.Y. State Stock Transfer Tax StampsPer shareRequired | Paid by Seller | When At closing | Amount $0.05 per share | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $1,500 | Refundable Refundable |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $1,500 | Refundable Refundable |
Sublet
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Fee | Paid by Shareholder | When With the application | Amount $200 | Refundable Non-refundable |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $120 per person | Refundable Non-refundable |
| Move-In Fee | Paid by Subtenant | When With the application | Amount $200 | Refundable Non-refundable |
| COVID-19 Cleaning FeesMust be paid when move is scheduled | Paid by Subtenant | When At move-out and move-in | Amount $125 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Shareholder | When With the application | Amount $1,500 | Refundable Refundable |
| Move-In Deposit | Paid by Subtenant | When With the application | Amount $1,500 | Refundable Refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $450 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of August 2026
- Guarantors
- PermittedSource: building management's published schedule, as of August 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsCase by case basisSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs and cats
- Not permittedSource: building management's published schedule, as of August 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $746 per room a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.73 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $47,614/yr
- 2030–2034 annual penalty
- $92,195/yr
- Per unit / month range
- $57 – $110
- Modeled exposure split equally across 70 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 2% of purchase price (Buyer)
- Sublet policy
- Allowed, case by case basis
- Policies and fees
- Managing Agent Transfer Fee $850; Move-in/out fee $200 each; move deposits $1,500 each
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 14, 2026 | 2D | 2 BR · 2 BA · 1,300 sf | $1,250,000 | $962/sf | +0.0% |
| Sep 14, 2026 | 9D | 2 BR · 2 BA | $1,200,000 | -4.0% | |
| Jan 15, 2026 | 9B | 1 BA · 630 sf | $400,000 | $635/sf | -5.9% |
| May 19, 2025 | 9A | 1 BA | $425,000 | -5.3% | |
| Mar 12, 2025 | 5B | 1 BA · 550 sf | $440,000 | $800/sf | -4.1% |
| Aug 13, 2024 | 3B | 1 BA | $332,500 | -6.3% | |
| Jan 31, 2024 | 3A | 1 BA | $340,000 | -5.3% | |
| Apr 13, 2022 | 5D | 2 BR · 2 BA | $1,200,000 | -7.3% |
Market read. Most recent trades (2026 to date) cleared a median $843/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01497-0041). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 1036 Park Avenue and nearby.
At the recent median sale of $440K (5 transfers in the past 24 months, since November 13, 2024), a buyer putting 50% down would pay about $18,850 to close, or 4.3% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Building transfer fee (flip tax), 2% of the purchase price, paid by the buyer per building management's published schedule, as of August 2026: $8,800
- Attorneys, lender, building fees and filings: $10,050
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit. Confirm the current transfer fee with building management; the linked calculator does not include it.
Keep up with 1036 Park Avenue and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like 1036 Park Avenue.
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What to know if you’re buying
The 2021 mortgage refinancing carries a 2.94% rate through January 2032. The 2021 reporting shows a 2.94% rate to the January 2032 maturity, which may be lower than what the cooperative could obtain on new borrowing today. A balloon payment of about $1.76 million falls due at maturity, so refinancing terms then will matter. Confirm the current balance and any later borrowing.
The 2% flip tax is structural. Buyers should expect to pay 2% of the purchase price to the cooperative at closing as a transfer fee. On a $5M purchase, this is $100,000; on a $10M purchase, $200,000. This is in addition to standard closing costs.
The professional unit commercial income is part of the cooperative's revenue. The 2021 reporting shows approximately $125,000–$130,000 in annual professional-unit rental income under a lease then reported to run through 2024; confirm the current lease status and rent before relying on it.
The 32BJ union labor relationship is structurally important. Substantially all building employees are 32BJ-represented; the multi-employer pension plan was at "yellow zone" funding status (under 80% funded) per the 2021 reporting, which creates a multi-employer withdrawal liability exposure that buyers should understand at a high level.
Confirm specific policies directly with management. Current mortgage status, current professional unit lease status (the lease was running through 2024 per the 2021 reporting), pied-à-terre allowance, sublet specifics, pet policy, and current real estate tax abatement should be obtained from management during the contract review process.
Confirm the board's current requirements. Financing is capped at 50% of the purchase price; pied-à-terre use and subletting are permitted with conditions. Confirm liquidity, occupancy and application requirements from the governing documents and application instructions.
Renovation is constrained by historic district status. The building is in the Park Avenue Historic District, which means LPC oversight on any exterior work. Interior renovations require Alteration Agreement and board review.
What to know if you’re selling
Date the financial points in listing copy. Listing copy can reference the 2021 refinancing (2.94% through January 2032), the professional-unit commercial income and the capital reserve (about $384,000 in 2021), each stated as of the 2021 reporting unless the seller has current statements. Do not present them as evidence of current financial discipline without current statements.
Pricing requires apartment-level comparable analysis. Floor altitude, exposure, configuration, and renovation history all matter substantially.
The 2% flip tax is paid by the purchaser (per typical Park Avenue convention) — but sellers should factor it into their pricing strategy as it represents an additional cost for prospective buyers.
Closing timelines are co-op standard. 6–10 weeks from contract signing to closing.
Comparable buildings
If you're considering 1036 Park Avenue, also evaluate:
- 1040 Park Avenue — Delano and Aldrich 1925; immediate neighbor north at the Park / 86th corner
- 1020 Park Avenue — nearby Carnegie Hill peer
- 1000 Park Avenue — Emery Roth 1916; nearby pre-WWI peer two blocks south
- 1050 Park Avenue — Carnegie Hill peer
- 1075 Park Avenue — Blum brothers 1929; Carnegie Hill peer
- 1133 Park Avenue — Schwartz & Gross 1928; Carnegie Hill peer
- 1185 Park Avenue — Schwartz & Gross 1929; Carnegie Hill peer with distinctive courtyard plan
More Park Avenue buildings
- 1021 Park Avenue — 1929 co-op by Rosario Candela
- 1025 Park Avenue (The DeKoven House) — 1911 co-op
- 1035 Park Avenue — 1926 co-op
- 1040 Park Avenue — 1925 co-op by Delano & Aldrich
- 1045 Park Avenue — 1923 co-op by Schwartz & Gross
- 1049 Park Avenue — 1919 co-op by Bottomley, Wagner & White
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 1036 Park Avenue?
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646.939.7375 · c.cohen@compass.com