1049 Park Avenue
1049 Park Avenue, New York, NY 10028
Carnegie Hill, Upper East Side
BBL 1015150070 · BIN 1047971
- Year built
- 1919
- Type
- Cooperative
- Landmark status
- Not an individual landmark; in the Park Avenue Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Permitted with conditions
- Maximum financing
- 66% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median, 2023–2026
- $2.9M
- 7 qualifying sales
- Recent range
- $1.3M – $3.3M
- Listing discount
- 0.0%
- Recorded transfers
- 47
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1049 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.
1049 Park Avenue is a small, architecturally important prewar cooperative — one of the first apartment houses completed on Park Avenue after World War I, designed in 1919 by William Lawrence Bottomley, the architect whose later firm would produce River House. It earned a Gold Medal from the American Institute of Architects in 1922 for the best-designed apartment building erected in the preceding three years, and a century on it remains a connoisseur's address in Carnegie Hill: brown brick, elegant detailing, and a famously low-density floor plan.
The case for 1049 is intimacy and architecture. With just 36 residences across 14 floors — three apartments per floor — it offers the privacy of a boutique building with the bones of a Bottomley original: wood-burning fireplaces, nine-and-a-half-foot ceilings, and the kind of considered detail that does not get built anymore. For buyers who prize design pedigree and a quiet, small-building feel over amenity sprawl, 1049 is exactly the building.
Architecture and unit composition
Bottomley's facade is the building's signature: a brown-brick front with decorative quoins on the lower two floors, cartouches and garlands set between the windows on the top three floors, and an elaborate three-story entrance surround crowned by a broken pediment with composite capitals. It is a scholarly, beautifully proportioned design — the work that won the AIA Gold Medal and still reads as one of the more refined apartment-house entrances in Carnegie Hill.
Inside, the layout is deliberately low-density: 36 apartments, three to a floor, which yields large, light-filled homes with cross-exposures and real privacy. Common features include wood-burning fireplaces and nine-and-a-half-foot ceilings, with the gracious foyers, formal dining rooms, and well-scaled rooms of a top prewar building. Many residences convey with a private storage unit.
Building operations
1049 Park is a full-service cooperative scaled to a boutique building. A 24-hour doorman staffs a recently renovated lobby, and a live-in superintendent runs the building with porter support. The shared amenities are quietly excellent for a 36-unit house: a landscaped common courtyard — a genuine rarity on Park Avenue — plus a central laundry, bike storage, and individual storage units.
On policy, the building balances prewar standards with practical accessibility. Financing is permitted up to 66% of the purchase price, a 2% flip tax is collected on resale and is paid by the buyer, and one pet per apartment is allowed. That financing latitude — among the more generous on prewar Park Avenue — meaningfully widens the buyer pool relative to the cash-heavy houses nearby, while the board maintains the standards a building of this pedigree expects.
Application and transaction fees
Fees below are from building management's published schedule, as of October 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 gross sales price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of October 2026
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $400 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant | Refundable Non-refundable |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $425 if Financing | Refundable Not stated |
| Closing Fee | Paid by Shareholder | When At closing | Amount $750 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When At closing | Amount $500 | Refundable Refundable |
| Move-Out Deposit | Paid by Shareholder | When At closing | Amount $500 | Refundable Refundable |
Sublet
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Subtenant | When With the application | Amount $150 per applicant/adult occupant | Refundable Non-refundable |
Refinance
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $425 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Shareholder | When With the application | Amount $100 per applicant | 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.
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Financing and purchase requirements
- Maximum financing
- 66% of the purchase priceSource: building management's published schedule, as of October 2026
- Guarantors
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 2026
- Co-purchasing
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 2026
- Parent buying for an employed child
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 2026
- Parent buying for a student child
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 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
- Not verified
- Pied-à-terre ownership
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 2026
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
- Pets
- Pets permitted with conditions; species not statedRequires Board approval.Source: building management's published schedule, as of October 2026
- In-unit washer/dryer
- Permitted with conditionsRequires Board approval.Source: building management's published schedule, as of October 2026
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
- $857 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $3.11 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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Garden, 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
- $0 (under cap)
- 2030–2034 annual penalty
- $36,565/yr
- Per unit / month range
- $0 – $85
- Modeled exposure split equally across 36 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.
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 8, 2026 | 3A | 3 BR · 3 BA | $3,257,500 | +0.2% | |
| Jan 15, 2026 | 9A | 3 BR · 3 BA | $3,200,000 | +0.0% | |
| Nov 3, 2025 | 7A | 3 BR · 3 BA | $2,940,000 | +3.2% | |
| Sep 3, 2025 | 6B | 3 BR · 2 BA · 1,550 sf | $1,250,000 | $806/sf | +0.0% |
| Aug 25, 2025 | 9C | 2 BR · 2 BA | $1,695,000 | -5.6% | |
| May 1, 2025 | 3C | 3 BR · 2 BA | $1,825,000 | +1.7% | |
| Feb 28, 2024 | 10A | 3 BR · 2.5 BA · 2,018 sf | $2,125,000 | $1,053/sf | -39.3% |
| Jan 25, 2023 | 4A | 3 BR · 2.5 BA | $2,850,000 | -10.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $814/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 1.4% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 13, 2006 | 6A | $2,475,000 |
| Jul 30, 2003 | 2A | $2,245,000 |
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 1-01515-0070). 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.
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At the recent median sale of $2.38M (6 transfers in the past 24 months, since October 31, 2024), a buyer putting 34% down would pay about $44,331 to close, or 1.9% of the price.
- Mansion tax: $29,781
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 66% financing limit.
Keep up with 1049 Park Avenue and its market
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What to know if you’re buying
The board process is real — a full package, financials, references, and an interview — but the terms are accommodating for prewar Park Avenue: up to 66% financing means you need not arrive all-cash, one pet is permitted, and the 2% buyer-paid flip tax is a known, budgetable cost. Evaluate apartments for light and exposure, the condition and working status of the wood-burning fireplace, and whether a storage unit conveys. The address itself — a Bottomley original on a quiet Carnegie Hill block, steps from Central Park, the Met, the 4/5/6 at 86th Street, and the Second Avenue subway — anchors the long-run value.
What to know if you’re selling
1049 sells on what cannot be replicated: a Bottomley facade, an AIA Gold Medal pedigree, a three-per-floor density, and wood-burning fireplaces — combined with financing terms that broaden the buyer pool. Original prewar detail, working fireplaces, high floor, and a renovated kitchen and baths are the differentiators that set a strong price within the building. Because turnover is so thin, price to the building's own most recent comparable and to the small set of peer boutique prewar co-ops in Carnegie Hill rather than the broader market. We position each listing to the design-literate buyer this building attracts.
Comparable buildings
If you're considering 1049 Park Avenue, these nearby Carnegie Hill prewar cooperatives are the natural comparison set:
- 1045 Park Avenue — prewar Park Avenue co-op next door
- 1050 Park Avenue — full-service prewar co-op across the avenue
- 1140 Fifth Avenue — Fred F. French Carnegie Hill prewar co-op on the Park
- The Girard (125 East 84th Street) — Carnegie Hill prewar co-op on a side street
- 11 East 86th Street — full-service prewar co-op nearby
More Park Avenue buildings
- 1036 Park Avenue — 1958 co-op
- 1040 Park Avenue — 1925 co-op by Delano & Aldrich
- 1045 Park Avenue — 1923 co-op by Schwartz & Gross
- 1050 Park Avenue — 1923 co-op by Schwartz & Gross
- 1060 Park Avenue — 1923 co-op by J.E.R. Carpenter
- 1065 Park Avenue (The Carlton Park) — 1969 co-op
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 1049 Park Avenue?
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646.939.7375 · c.cohen@compass.com