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
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
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| 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.
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.
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
The neighborhood
For the full corridor — architecture, schools, 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.
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.
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.