1050 Park Avenue
1050 Park Avenue, New York, NY 10028
Carnegie Hill, Upper East Side
BBL 1014980037 · BIN 1046853
- Year built
- 1923
- Type
- Cooperative
- Units
- 60
- Floors
- 14
- Landmark status
- Not an individual landmark; in the Park Avenue Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Requires confirmation
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Maximum financing
- 50% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
- Flip tax
- 2% of the sale price, paid by the seller.
- Financing
- Up to 50% financeable (50% minimum down).
- Subletting
- Requires confirmation
- Pied-à-terre
- Permitted.
- Pets
- Permitted, subject to Board approval.
- Co-purchasing
- Not permitted. Parents purchasing for children permitted.
- Guarantors
- Permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median, 2024–2025
- $3.2M
- 3 qualifying sales
- Recent range
- $1.7M – $3.2M
- Listing discount
- 5.6%
- Recorded transfers
- 39
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1050 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.
1050 Park Avenue was designed by Schwartz & Gross for Jatison Construction Company and built in 1922–23, according to the Park Avenue Historic District designation report. It occupies the southwest corner of Park Avenue and East 87th Street, between 1040 Park (Delano & Aldrich, 1923–24) immediately south and 1060 Park (J.E.R. Carpenter, 1922–24) across 87th Street. The two corner buildings are by different architects.
Nearby cultural institutions include the Andrew Carnegie mansion, now Cooper Hewitt, the Jewish Museum, the Guggenheim and the Metropolitan Museum. Compare the actual routes with your daily needs instead of relying on a neighborhood-wide proximity claim.
Architecture and unit composition
The building's pre-war Park Avenue vintage indicates the standard 1920s luxury cooperative idiom: limestone-clad base, brick body above, classical detailing, formal canopied entrance, and apartment configurations reflecting the era's luxury conventions. 10–11 foot ceilings, formal entry galleries, library-living combinations, primary suites with closet infrastructure, service wings characteristic of 1920s design.
Park Avenue-facing apartments (east exposure) look across the Park Avenue median plantings.
Building operations
1050 Park Avenue operates as a full-service pre-war cooperative. Specific operational details — corporation name, managing agent, financing posture, flip tax structure, sublet policy specifics, pied-à-terre allowance — should be confirmed directly with property management during due diligence.
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
- 2% of Selling Price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of October 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount 300 (if financing) | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
| Credit Report FeePer applicant | Paid by Buyer | When With the application | Amount $871.00 per applicant; $1,633.13 for a married couple (non-refundable) | Refundable Non-refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Contact Transfer Agent for fee schedule | Refundable Not stated |
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 October 2026
- Guarantors
- PermittedSource: building management's published schedule, as of October 2026
- Co-purchasing
- Not permittedSource: building management's published schedule, as of October 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for a student child
- PermittedSource: 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
- Requires confirmationSources differ. Confirm with building management.
- Pied-à-terre ownership
- PermittedSource: 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 statedAt the discretion of the BoardSource: building management's published schedule, as of October 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
- $1,226 per room 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
- StorageSource: 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
- $66,793/yr
- Per unit / month range
- $0 – $93
- Modeled exposure split equally across 60 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 sales price (Seller)
- Sublet policy
- Requires confirmation
- Pied-à-terre
- Allowed
- Policies and fees
- Closing Fee $800 ($850 w/o broker) + $0.05/share; Reported maintenance tax allocation 37%. The July 2026 management extract does not identify the tax year for this percentage; obtain the co-op's annual allocation statement. Actual deductions depend on eligible taxes and interest, itemization and the taxpayer's applicable limits
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 |
|---|---|---|---|---|---|
| Mar 7, 2025 | 12D | 3 BR · 2.5 BA | $1,700,000 | -5.6% | |
| Sep 11, 2024 | 13B | 3 BR · 3.5 BA | $3,225,000 | -5.1% | |
| Jun 7, 2024 | 13A | 3 BR · 3 BA | $3,200,000 | -13.4% | |
| Jan 27, 2022 | 3C1 | 1 BR · 1.5 BA · 1,100 sf | $1,435,000 | $1,305/sf | -1.0% |
| Oct 26, 2021 | 14D | 2 BR · 3 BA | $2,495,000 | +0.0% | |
| Oct 13, 2021 | 10A | 2 BR · 2.5 BA | $2,400,000 | -3.8% | |
| Aug 30, 2021 | 14C | 4 BR · 3 BA · 2,400 sf | $4,150,000 | $1,729/sf | -7.8% |
| Dec 30, 2019 | 14D | 2 BR · 3 BA | $2,350,000 | -14.5% |
Market read. $/sf is measured on the latest sales with reliable square footage (2022): a median $1,305/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 5.1% 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 | 10A | $2,200,000 |
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 1-01498-0037). 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 1050 Park Avenue and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 1050 Park Avenue and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like 1050 Park Avenue.
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What to know if you’re buying
Confirm the board's current financing, liquidity, ownership, occupancy and subletting requirements from its governing documents and application instructions.
Renovation is constrained by historic district status.
What to know if you’re selling
Show the apartment’s actual exposure. Photograph its outlook and retained details, using the street location and history above for context.
Pricing requires apartment-level comparable analysis. The relevant comparable is the same line on a nearby floor, adjusted for condition, not a building-wide average.
Closing planning example. A 6–10-week contract-to-closing window is an estimate; confirm board, lender and scheduling requirements.
Comparable buildings
- 1040 Park Avenue — Delano & Aldrich 1923–24; immediate neighbor south
- 1060 Park Avenue — Carnegie Hill peer immediately north
- 1075 Park Avenue — Blum brothers 1929
- 1080 Park Avenue — Carnegie Hill pre-war peer
- 1130 Park Avenue — Carnegie Hill peer
- 1133 Park Avenue — Nathan Korn 1923–24
More Park Avenue buildings
- 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
- 1060 Park Avenue — 1923 co-op by J.E.R. Carpenter
- 1065 Park Avenue (The Carlton Park) — 1969 co-op
- 1070 Park Avenue — 1928 co-op by Schwartz & Gross
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 1050 Park Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com