- Year built
- 1923
- Type
- Cooperative
- Units
- 60
- Floors
- 14
- Landmark
- Designated
- Pets
- Confirm directly with management
- Subletting
- Restrictive (typical of tier-one Carnegie Hill pre-war cooperatives)
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.
Recent sales
Last 5–10 closed sales at 1050 Park Avenue (replace this section with current ACRIS data):
[Recent sales table to be populated from ACRIS]
Sales context: typically 4–7 transactions per year; 2BR in $1.5M–$3M; 3–4 BR in $3M–$6M; larger in $5M–$12M+.
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.
Closing timelines are co-op standard. 6–10 weeks.
The Roebling Team at 1050 Park
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue Carnegie Hill buyers and sellers deserve building-specific intelligence.
If you're considering a purchase or sale at 1050 Park, a 30-minute consultation is the right starting point.