
1192 Park Avenue (94th and Park Corporation)
1192 Park Avenue, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1015050040 · BIN 1047125
- Year built
- 1926
- Type
- Cooperative
- Units
- 75
- Floors
- 15
- Flip tax
- 2% of the sale price, paid by the seller.
- Financing
- Up to 50% financeable (50% minimum down).
- Subletting
- Permitted with Board approval. Short-term rentals and AirBnB are not permitted.
- Pied-à-terre
- Permitted.
- Washer / dryer
- Permitted in-unit.
- Pets
- Permitted, subject to Board approval.
- Co-purchasing
- 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, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $3M
- Recent range
- $1.7M – $5.2M
- Listing discount
- 2.2%
- Recorded transfers
- 62
1192 Park Avenue is one of two Rosario Candela Park Avenue commissions completed in 1926 (alongside 1172 Park Avenue) and one of the architecturally most significant post-2006 limestone-restoration buildings on the broader corridor. The 2006 capital project replaced the building's deteriorating pre-cast concrete entry composition with carved limestone, added chess-piece finials, and installed an amber-hued leaded-glass fanlight — producing the most architecturally consequential 21st-century stewardship project documented at any pre-war Carnegie Hill cooperative.
As the largest of Rosario Candela's Carnegie Hill commissions, 1192 Park carries a distinct weight in the market. Its Candela architectural pedigree and 75-apartment scale are paired with a documented 2006 limestone restoration, and the building's cultural record includes a well-documented 2000–2016 Barbara Corcoran residency.
The 94th and Park Corporation operates one of the most operationally permissive Candela cooperatives on Park Avenue — pied-à-terre affirmatively allowed, in-unit washer/dryer permitted, 50 percent maximum financing, 2 percent buyer-paid flip tax — a policy stack that supports a structurally specific buyer pool and has historically produced steady transaction velocity across the building's apartment inventory.
Architecture and unit composition
Rosario Candela (1890–1953) designed ten Park Avenue cooperatives during his prime building cycle, including 720 Park Avenue (1929), 740 Park Avenue (1930), 770 Park Avenue (1930), 778 Park Avenue (1931), 1105 Park (1923), 1172 Park (1926), and 1192 Park (1926). Elizabeth Hawes (in New York, New York: How the Apartment House Transformed the Life of the City (1869–1930), Henry Holt 1993) calls Candela "the grandest of the decade that was itself the greatest" — a framing public records quotes in his public records of 1192 Park.
Architectural records describe 1192 Park "an attractive building" with a "very warm brown brick façade" and identifies the rough-hewn gray-granite base as a structural distinction from peer Candela work executed in limestone. The building replaced seven five-story 19th-century apartment buildings on the site — a substantial assemblage even for the 1920s Park Avenue building cycle.
The 2006 limestone restoration
The Carnegie Hill Neighbors Architectural Guide, quoted in architectural records's public records, documents the 2006 capital project in unusual detail:
"The round-arched entry surround was originally constructed of pre-cast concrete to emulate limestone. Over the years, the concrete deteriorated. In a major renovation in 2006, the entire decorative entry and second story window surround were removed and replaced with carved limestone and finials resembling chess pieces. Above the window is an architrave and segmental pediment with a carved tympanum. A surprise awaits beneath the entrance canopy: a newly designed fanlight, framed in wood with amber-hued leaded glass. At the building base, the concrete bull-nosed string course was replaced with limestone, and concrete blocks were replaced with granite. Candela would have been proud."
The 2006 restoration is unusually well-documented within the broader pre-war Park Avenue cooperative tradition. Original Candela buildings of the mid-1920s often used pre-cast concrete to imitate limestone at a fraction of the cost — the 1192 Park entry was Candela's compromise with budget. The 2006 board, working within the Expanded Carnegie Hill Historic District designation framework, chose to upgrade Candela's compromise to the material he likely would have used at a higher budget: carved limestone for the decorative work, granite for the structural base, plus the chess-piece finials that have become the building's visual signature. The amber-hued leaded-glass fanlight beneath the canopy is entirely a 2006 addition — not in the original 1926 design but conceived in keeping with Candela's vocabulary.
The light tan brick body above the granite base is original. The two balconies and window surrounds at the building's edges on the fourth floor, and the 13th-floor protruding window surrounds, are original Candela details.
The 15-to-42-foot entrance galleries
architectural records's unit-by-unit description of 1192 Park documents the architecturally most consequential Candela planning hallmark — the entry hall as a "full-sized room with rich views into the interior" (Hawes). Apartment 12B has "a 42-foot-long entrance gallery that leads to a 25-foot-wide living room with a wood-burning fireplace next to a 23-foot-wide dining room next to a pantry and a 13-foot-wide kitchen and a 16-foot-long maid's room." Apartment 6A has "a 24-foot-long entrance gallery." Apartment 12C has "a 20-foot-long entrance gallery." This entry-gallery planning vocabulary is paralleled at 720 Park Avenue, where Candela worked with Cross & Cross and produced what is widely regarded as the most generous entry-hall planning in Manhattan residential architecture.
Building operations
1192 Park operates as a full-service Carnegie Hill cooperative under the 94th and Park Corporation. The operational baseline includes:
- 24-hour doorman
- Live-in resident manager
- Fitness center
- Private storage for each apartment
- Bicycle room
- Central laundry
- Semi-private elevator landings
- In-unit washer/dryer permitted
- Pet-friendly
The building does not carry an on-site garage or roof deck.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
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 gross sales price (seller)
- Sublet policy
- Yr1 10% of maint/rent, Yr2 15%; max 2 years
- Pied-à-terre
- Allowed, case by case
- Notable fees
- $5,000 gym capital contribution; managing agent fee $900-$1,000
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 |
|---|---|---|---|---|---|
| Jan 30, 2026 | 7C | 3 BR · 3 BA | $2,995,000 | +0.0% | |
| Jan 15, 2026 | 14D | 2 BR · 2 BA | $1,875,000 | -3.8% | |
| Sep 18, 2025 | 8A | 4 BR · 3.5 BA | $5,160,454 | +6.4% | |
| Jun 26, 2025 | 10B | 3 BR · 3 BA · 2,700 sf | $3,550,000 | $1,315/sf | -1.3% |
| May 12, 2025 | 7E | 2 BR · 3 BA | $1,675,000 | -3.2% | |
| Oct 29, 2024 | 15A | 4 BR · 3 BA | $3,500,000 | +0.0% | |
| Jul 30, 2024 | 5D | 3 BR · 3 BA · 1,950 sf | $1,775,000 | $910/sf | -4.1% |
| Feb 14, 2023 | 8D | 2 BR · 2.5 BA · 1,950 sf | $2,000,000 | $1,026/sf | -8.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,315/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 4.6% 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 |
|---|---|---|
| May 11, 2009 | 2A | $3,600,000 |
| Sep 27, 2005 | 14E | $965,000 |
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 1-01505-0040) 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 Candela architectural pedigree is real and substantial. Among the architect's ten Park Avenue cooperative commissions; the broader body of work includes 720 Park, 740 Park, 770 Park, and 778 Park.
The 2006 limestone restoration is structurally consequential. Carved limestone replacement of the original pre-cast concrete entry surround; chess-piece finials; amber-hued leaded-glass fanlight; granite restoration at the base. The restoration produces architectural integrity exceeding the original 1926 specification.
The Barbara Corcoran residency anchors the building's contemporary cultural identity. Verified through contemporary trade coverage; the 16-year ownership tenure and the documented $3.5 million → $4.87 million transaction history is real architectural-history detail.
The pied-à-terre permission is structurally distinguishing. Among the more permissive Candela cooperatives on the corridor; the affirmative pied-à-terre allowance supports pied-à-terre buyers, international purchasers, and the broader buyer demographic.
The in-unit washer/dryer permission is real. Materially more accommodating than typical peer Carnegie Hill cooperative norms.
The 75-apartment scale is the largest of the Candela Carnegie Hill commissions. Substantial inventory produces meaningful annual transaction volume and apartment-line variation.
The 15-to-42-foot entrance galleries are architectural assets. Candela's signature planning grammar produces apartments with entry-hall scale uncommon in peer pre-war Carnegie Hill cooperative inventory.
The Expanded Carnegie Hill Historic District protection applies. LP-1834 designated December 21, 1993; exterior modifications subject to LPC review.
Verify operational specifics during due diligence. Specific board approval framework, sublet duration limits, post-closing liquidity threshold, current capital project pipeline, and the LL11 façade cycle on the 1926 vintage (and the architectural integrity of the 2006 limestone restoration) should be reviewed against current management documents.
Closing timelines are cooperative-standard. Plan for 6–10 weeks from contract through board approval to closing.
What to know if you’re selling
Marketing should lead with the Candela credential, the 2006 limestone restoration, and the Barbara Corcoran residency. All three are structurally distinguishing identity features documented in primary sources.
The pied-à-terre permission expands the buyer pool meaningfully. Pied-à-terre buyers, international purchasers, and the broader Candela-cooperative-curious buyer demographic should be reached specifically.
The 42-foot-entrance-gallery configurations support premium positioning on the upper-floor inventory. Apartments 12B and similar configurations are architectural assets.
The in-unit washer/dryer permission is a real marketing point. Materially more accommodating than typical peer cooperative norms.
Pricing should reference recent comparable closings. The Unit 10B $3,550,000 June 2025 closing and the Unit 6A $4,800,000 August 2016 closing provide reference points across the building's apartment-line inventory.
Closing timelines are cooperative-standard.
Comparable buildings
If you're considering 1192 Park Avenue, also evaluate:
- 1172 Park Avenue — Candela 1926; same-architect / same-vintage Carnegie Hill peer (Ira Levin residency; 65% financing)
- 740 Park Avenue — Candela / Cross & Cross 1930; trophy pre-war Park Avenue cooperative
- 720 Park Avenue — Candela 1929; trophy pre-war Park Avenue cooperative
- 770 Park Avenue — Candela 1930; pre-war Park Avenue trophy peer
- 778 Park Avenue — Candela 1931; pre-war Park Avenue trophy peer
- 1185 Park Avenue — Schwartz & Gross 1929; nearby Carnegie Hill peer
- 1199 Park Avenue — nearby Carnegie Hill peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
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 1192 Park Avenue (94th and Park Corporation)?
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