Cooperative · 1923
1105 Park Avenue
1105 Park Avenue, New York, NY 10128
Buildings·Cooperative

1105 Park Avenue

1105 Park Avenue, New York, NY 10128

At a glance
Year built
1923
Type
Cooperative
Units
57
Landmark
Designated

1105 Park Avenue carries one of the most valuable architectural attributions in residential New York: it is an early Rosario Candela design, completed in 1923 at the northeast corner of Park and 89th Street. Candela would go on to author the most coveted apartment houses on Park and Fifth in the late 1920s and early 1930s — 740 Park, 770 Park, 834 and 960 Fifth among them — and 1105 belongs to the formative phase of that career, before the celebrated terraced setbacks but already showing the proportion and detail that defined his work.

The building sits squarely in Carnegie Hill, the stretch of Park Avenue north of 86th that became one of the city's premier family residential enclaves. Built for the Paterno family — developers whose name is attached to a remarkable share of the era's best buildings — 1105 was designed as a serious cooperative-grade apartment house from the start, with the limestone base, ornamented entrance, and red-brick body that signal pre-war Park Avenue pedigree. The sculptural figures flanking the entrance, supporting a broken pediment, are among the building's most identifiable features.

The building converted to cooperative ownership in 1951 and today sits within the Park Avenue Historic District, designated in 2014. For a buyer, 1105 offers what the best Carnegie Hill co-ops do — a Candela name, gracious pre-war layouts, and serious full-time service — paired with a comparatively flexible board posture: pets are welcome and in-unit washer/dryers are permitted, neither of which can be taken for granted on this stretch of Park.

Architecture and unit composition

The exterior is textbook pre-war Park Avenue: a limestone base, a red-brick body, and an ornamented limestone entrance distinguished by sculptural figures supporting a broken pediment — a flourish that marks 1105 out from its more austere neighbors. Candela's hand shows in the proportion and the disciplined fenestration even at this early point in his career.

Inside, the apartments deliver the layouts that make Candela buildings perennially desirable: gracious entry galleries, separated public and private wings, high ceilings, and the generous room counts of solid 1920s construction. With roughly 57 apartments across 14 floors, the building runs only a few homes to a landing — a low-density plan that produces privacy, quiet, and large floor plates. In-unit washer/dryers are permitted, a meaningful modern convenience in a building of this vintage.

Building operations

1105 Park Avenue is a full-service pre-war cooperative. Service includes a 24-hour doorman and concierge and a live-in resident manager. Amenities run deep for a building this size: a fitness center, a central laundry room, a bike room, and private storage for residents. The cooperative is pet-friendly, in-unit washer/dryers are allowed, and financing is permitted up to 50% of the purchase price. A 2% flip tax applies on resale and is paid by the buyer — an arrangement worth noting in any offer math, since it differs from the more common seller-paid structure. Several commercial garages are available within a short walk.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$2,838/yr
Per unit / month range
$0 – $4
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
Safe
What this means for you

The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.

Inspection history
2005–10
SWARMP
2010–15
Safe
2015–20
SWARMP
2020–25
Safe
2025–30
Due
Next report due
by Feb 2028
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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 →

Recent sales

With roughly 57 apartments, 1105 Park Avenue is tightly held and turns over modestly — typically a small handful of resales in a given year, concentrated in the large classic layouts that make up the building. Pricing reflects the Candela attribution, the Carnegie Hill address, and the building's pre-war proportions, with high-floor and well-renovated homes at the top of the range. The combination of a marquee architect, a low unit count, and the historic-district address keeps demand durable across cycles. For a current read on where a specific line trades, we maintain live comparables and are glad to share them.

What to know if you’re buying

This is a pre-war cooperative, so a purchase clears a full board package and interview, and buyers should plan for a 50% financing cap — at least half the purchase price in cash. The board is comparatively accommodating in other respects: pets are welcome and in-unit washer/dryers are permitted, both genuine advantages on Park Avenue. Note the flip-tax structure carefully — at 1105 the 2% flip tax is paid by the buyer at closing, not the seller, so it should be built into the offer math from the outset.

The Candela attribution and the large pre-war layouts are the assets to underwrite. High floors, original detail, and quality renovations command the premium. We help buyers read the package, benchmark the exact line, account for the buyer-paid flip tax, and structure an offer the board will approve.

What to know if you’re selling

The marketing leads with the name: an early Rosario Candela building on Carnegie Hill, with a distinctive sculptural entrance and gracious pre-war layouts inside the Park Avenue Historic District. That pedigree is a durable differentiator against the avenue's plainer pre-war stock. Pair it with the deep service package — 24-hour doorman and concierge, resident manager, fitness center — and the board's pet- and washer/dryer-friendly posture.

Price against the Carnegie Hill and Park Avenue pre-war co-op set, positioning high-floor and renovated homes at the top of the building's range. The buyer-paid flip tax is a point to handle proactively in negotiations. We position each line against its true comparable set and manage the board process from accepted offer through closing.

Comparable buildings

If you're considering 1105 Park Avenue, also evaluate these nearby Carnegie Hill and Park Avenue co-ops:

The Roebling Team at 1105 Park Avenue

The Roebling Team at Compass specializes in Park Avenue, Carnegie Hill, and the broader Upper East Side pre-war co-op market. We publish this profile because buyers and sellers in a Candela building deserve building-specific intelligence: the architecture, the board's actual policies, the buyer-paid flip-tax structure, and where each line sits against the Carnegie Hill comparable set.

If you're considering a purchase or sale at 1105 Park Avenue, a 30-minute consultation is the right starting point.

Considering a move at 1105 Park Avenue?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com