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
- Designated
- Flip tax
- 2% of the sale price, paid by the seller.
- Financing
- Up to 50% financeable (50% minimum down).
- Subletting
- Not permitted — an owner-occupancy building.
- 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
- $3.2M
- Recent range
- $1.7M – $3.2M
- Listing discount
- 5.6%
- Recorded transfers
- 39
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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 is among the substantial pre-war Carnegie Hill cooperatives that occupy the dense Park Avenue residential cluster immediately north of the 86th Street seam with Lenox Hill. The building is positioned between 1040 Park (Delano and Aldrich 1925) immediately south and 1060 Park (J.E.R. Carpenter 1923) immediately north — 1050 and 1060 together form a Carpenter-designed "book-end" pair on the western corners of the Park Avenue / East 87th intersection, with 1050 occupying the southwest and 1060 the northwest corner.
The Carnegie Hill neighborhood extends from approximately East 86th to East 96th Streets between Park and Fifth Avenues. The cumulative architectural and cultural-institution concentration is among the strongest of any Manhattan residential neighborhood — pre-war Park Avenue cooperative inventory, the Andrew Carnegie mansion (now Cooper Hewitt) one block west and four blocks north, the Jewish Museum, the Guggenheim, the Met within walking proximity.
The 1050 Park position one block north of the Park Avenue / 86th corner places the building at a particular geographic boundary — immediately adjacent to the major 86th Street cross-town corridor and within the southern Carnegie Hill residential band.
For buyers, 1050 Park represents a particular tier of southern Carnegie Hill Park Avenue inventory: pre-war architectural credentialing, central Carnegie Hill positioning, and pricing materially more accessible than the trophy Park Avenue Gold Coast peak.
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 (west 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $37,356/yr
- Per unit / month range
- $0 – $52
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign 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 record last verified September 2026.
Management & transfer contacts
- Flip tax
- 2% of sales price (Seller)
- Sublet policy
- Not Allowed
- Pied-à-terre
- Allowed
- Notable fees
- Closing Fee $800 ($850 w/o broker) + $0.05/share; Maint. 37% tax deductible
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. 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 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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
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
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What to know if you’re buying
The Carnegie Hill cultural-institution density is structural. Museum Mile within walking proximity.
Pricing is more accessible than trophy Park Avenue peers north and south.
Confirm specific policies directly with management. Financing posture, flip tax structure, sublet specifics, pied-à-terre allowance, architect/year-built attribution.
Board approval follows tier-one Carnegie Hill norms.
Renovation is constrained by historic district status.
What to know if you’re selling
Carnegie Hill positioning is the primary marketing asset. Listing copy should reference the Park Avenue cluster between 86th and 87th and Museum Mile proximity.
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 timelines are co-op standard. 6–10 weeks.
Comparable buildings
- 1040 Park Avenue — Delano and Aldrich 1925; 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 — Schwartz & Gross 1928
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?
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