1220 Park Avenue
1220 Park Avenue, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1015070033 · BIN 1047431
- Year built
- 1930
- Type
- Cooperative
- Units
- 56
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Requires confirmation
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Maximum financing
- 50% of the purchase price
- Flip tax
- 3% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 4BR+ median, 2023–2026
- $6.9M
- 6 qualifying sales
- Recent range
- $3.3M – $9M
- Listing discount
- 5.8%
- Recorded transfers
- 49
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1220 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.
1220 Park Avenue is a 1930 Rosario Candela cooperative at the corner of East 95th Street — developed by Joseph Paterno, one of the most prolific builders of pre-war Manhattan apartment houses, and authored by the single most consequential name in the form. Candela's design is the building's defining credential, and the 1930 completion places 1220 Park among the last of the great Park Avenue pre-war commissions, designed at the peak of the form just as the residential boom ran into the Depression.
The corner siting at 95th Street is geographically meaningful. This is the upper end of Carnegie Hill, where Park Avenue's tier-one cooperative tradition continues toward the Metro-North rail corridor farther north. Compare this location with the Park Avenue buildings in the 1070s–1190s using dated, matched sales, accounting for architectural history, services, park and museum access, and actual travel routes; the address alone does not establish a discount.
The 56-apartment scale is intimate by Park Avenue standards. Candela's signatures are present throughout: the three-story limestone base, the setback massing that produces upper-floor terraces, and the prominent rooftop water-tank enclosure that reads as a small architectural event from the avenue. The apartments are correspondingly generous — large, gallery-organized layouts, including maisonette and duplex configurations. Compare the actual dimensions and circulation with specific post-war alternatives farther east and north. For buyers, 1220 Park offers Candela’s architecture at an upper-Carnegie Hill address; establish any price difference from his work farther south through dated, adjusted sales.
Architecture and unit composition
The 56 apartments are large-format by design. Layouts run from substantial two- and three-bedroom configurations toward four-, five-, and six-bedroom residences, with maisonette and duplex apartments among the building's distinctive offerings. The roughly 4,100-square-foot ratio divides gross building area by unit count, including shared and service space; it is not average apartment interior area. Confirm any apartment’s dimensions from its plans or a measurement.
Pre-war Candela signatures recur throughout — formal entrance galleries, separated entertaining and private wings, high ceilings in the primary rooms, substantial closet and service infrastructure, and the period millwork and solid-core doors characteristic of 1930-era luxury construction. The setback floors carry private terraces, and the corner apartments draw light and cross-ventilation from both Park Avenue and East 95th Street. Park Avenue-facing residences look across the avenue's planted median; 95th Street exposures are stable cross-street views over the residential side street.
Building operations
1220 Park Avenue operates as a full-service pre-war cooperative at the white-glove Carnegie Hill standard — full-time doorman coverage and a live-in resident manager, with a fitness room, bicycle storage, individual private storage, and central laundry among the building's amenities.
Pets are permitted. Financing is allowed up to 50% of the purchase price. A 3% flip tax is paid by the seller at closing. Confirm the board's current liquidity, occupancy, pied-à-terre and subletting requirements from the proprietary lease and application instructions.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 3% of the purchase price
- Rate
- 3% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Messenger Fee | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Recognition Agreement FeeConditionalConditions: If Financing | Paid by Buyer | When At closing | Amount $300 (if applicable) | Refundable Non-refundable |
| Managing Agent FeeConditional | Paid by Shareholder | When At closing | Amount $900 (If Seller is an Individual) $1000 (If Seller is an Estate) | Refundable Non-refundable |
| New York State Transfer Tax Stamps FeePer share | Paid by Shareholder | When At closing | Amount $0.05 per share | Refundable Non-refundable |
| Fidelifacts Report, See Ordering Procedures and Wire Instructions in Purchase PackageConditional · Per applicantFor Applicant and Adult OccupantRequired | Paid by Buyer | When With the application | Amount $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants | Refundable Non-refundable |
Sublet
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Subtenant | When With the application | Amount $550 | Refundable Non-refundable |
Refinance
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Messenger Fee | Paid by Shareholder | When With the application | Amount $35 | Refundable Non-refundable |
Ownership transfer
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Messenger Fee | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of September 2026
- Guarantors
- Permitted with conditionsIf in a TrustSource: building management's published schedule, as of September 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsPermitted, but discouraged.Source: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- Requires confirmationSources differ. Confirm with building management.
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $1,057 per room a monthMedian of 8 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.75 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $55,995/yr
- Per unit / month range
- $0 – $83
- Modeled exposure split equally across 56 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. 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 data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 3% of purchase price (seller)
- Sublet policy
- Discouraged; case-by-case board approval
- Pied-à-terre
- Requires confirmation
- Policies and fees
- Managing agent fee $900-$1,000
Recent sales
Recent transfers at this building, from The Roebling Research Library. 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 |
|---|---|---|---|---|---|
| Jun 18, 2026 | 8A | 3 BR · 3 BA · 3,000 sf | $3,800,000 | $1,267/sf | -9.4% |
| Jun 2, 2026 | 6 | 4 BR · 4.5 BA | $5,250,000 | -4.5% | |
| Oct 1, 2025 | 9A | 3 BR · 3 BA · 3,200 sf | $5,495,000 | $1,717/sf | +0.0% |
| Aug 18, 2025 | 7B | 5 BR · 4 BA · 4,000 sf | $8,495,000 | $2,124/sf | +0.0% |
| Aug 5, 2025 | 13B | 5 BR · 4.5 BA | $8,950,138 | -5.8% | |
| Jul 15, 2025 | 2A | 4 BR · 3 BA · 3,000 sf | $3,325,000 | $1,108/sf | -10.0% |
| Mar 20, 2025 | PHB | 6 BR · 6.5 BA · 6,000 sf | $13,000,000 | $2,167/sf | +0.0% |
| Aug 8, 2024 | 11A | 5 BR · 3 BA · 3,200 sf | $4,900,000 | $1,531/sf | -7.5% |
Market read. Most recent trades (2026 to date) cleared a median $1,353/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 4.5% 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 |
|---|---|---|
| Dec 10, 2009 | 4C | $2,495,000 |
| Nov 1, 2004 | 6D | $1,995,000 |
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 1-01507-0033). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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 would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 1220 Park Avenue and nearby.
At the recent median sale of $5.5M (7 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $138,188 to close, or 2.5% of the price.
- Mansion tax: $123,638
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit.
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What to know if you’re buying
The Candela authorship is the headline. Document the Candela attribution as part of the architectural history; it does not establish a durable resale premium.
The 95th Street position is structural. Assess the upper-Carnegie Hill location alongside dated sales and the specific apartment’s exposures, noise, condition and carrying costs.
Pets and financing are documented. Pets are permitted and financing runs to 50% of the purchase price; confirm current terms in the proprietary lease and application instructions.
Budget the flip tax. A 3% flip tax is paid by the seller; factor it into resale economics on the sell side.
Apartments are large. This is a family-apartment building with maisonette and duplex stock; smaller-format buyers will find limited inventory here.
What to know if you’re selling
Lead with Candela, Paterno, and 1930. The architectural pedigree and the late-pre-war vintage are the marketing core; the setback terraces and rooftop water-tank enclosure are identifiable building signatures.
Plan for the 3% flip tax. It is a seller cost at closing and belongs in any net-proceeds analysis.
Price at the apartment level. With only 56 units in widely varying configurations, floor altitude, exposure, terrace presence, and renovation history drive value more than any building-wide average.
Closing timelines are co-op standard. Plan on roughly 6–10 weeks from contract to closing.
Comparable buildings
If you're considering 1220 Park Avenue, also evaluate:
- 1199 Park Avenue — nearby upper-Carnegie Hill co-op; confirm its construction date from primary records
- 1192 Park Avenue — Carnegie Hill pre-war peer
- 1185 Park Avenue — Schwartz & Gross 1929; large Carnegie Hill co-op
- 1175 Park Avenue — Carnegie Hill pre-war peer
- 1160 Park Avenue — large-format Carnegie Hill co-op
- 1130 Park Avenue — Carnegie Hill pre-war peer
More Park Avenue buildings
- 1175 Park Avenue — 1925 co-op by Emery Roth
- 1185 Park Avenue — 1928 co-op by Schwartz & Gross
- 1192 Park Avenue (94th and Park Corporation) — 1926 co-op by Rosario Candela
- 1199 Park Avenue — 1961 co-op
- 1230 Park Avenue — 1930 co-op by Gronenberg & Leuchtag
- 670 Park Avenue
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 1220 Park Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com