- Year built
- 1974
- Flip tax
- None
The Park Regis is one of the most architecturally distinguished modernist apartment towers on the Upper East Side. Carter Horsley calls it "one of the most attractive and interesting modern towers on the Upper East Side" and says "this bold tower may well be the best new mid-block, side-street building in the city in decades." The CityRealty rating of 93 — ranked #18 Manhattan, #9 Upper East Side, #4 Carnegie Hill — places the building in the top institutional tier.
The structural identity rests on three features. First, the Emery Roth & Sons modernist composition — 33 stories of dark brown brick masonry with exposed concrete balconies, one of the tallest residential structures north of 86th at completion. Second, the Peter Sharp developer pedigree — Sharp also owned the Carlyle Hotel and brought a comparable level of sponsor sophistication to the Park Regis project. Third, the no-flip-tax policy — a notable competitive feature relative to most Carnegie Hill cooperatives.
Important policy flag: pied-à-terre is NOT allowed at the Park Regis — significant for buyer screening.
Recent sales
Apartment-level closing detail should be sourced from NYC Department of Finance recorded transfers for full transactional context. The 210-unit current scale supports substantial transactional volume relative to peer Carnegie Hill cooperatives.
What to know if you’re buying
The Emery Roth & Sons / Peter Sharp pedigree is real institutional context. Sharp's broader portfolio (Carlyle Hotel) connects to substantial Upper East Side luxury residential history.
The 33-story modernist composition is architecturally distinguishing. No peer mid-block Upper East Side building approaches the same Horsley critical assessment.
The no-flip-tax policy is structurally advantageous. Materially expands the net-proceeds calculation versus peer cooperatives.
The pied-à-terre prohibition is significant. Plan primary-residence positioning at application stage; the policy materially narrows the buyer pool.
The 70% financing maximum is among the more accommodating on Carnegie Hill. Plan accordingly.
The four maisonette units with 88th-Street-facing plaza access are a structurally distinct configuration. Evaluate availability and pricing premium.
The CityRealty 93 rating is among the highest on the Upper East Side. Cite in positioning materials.
Closing timelines are cooperative-standard. Plan for 6 to 10 weeks from contract through board approval to closing.
Comparable buildings
- 60 East 88th Street (The Saratoga) — Beyer Blinder Belle 1987 condo; immediate plaza-facing Carnegie Hill peer
- 47 East 87th Street — 1947 postwar; nearby Carnegie Hill peer
- 15 East 91st Street — Schultze 1947; nearby Carnegie Hill peer
- 14 East 90th Street — Carpenter 1928; nearby Carnegie Hill peer
- 1110 Park Avenue — DDG 2015 condo; nearby Carnegie Hill modernist condominium peer
The Roebling Team at Park Regis
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. If you're considering a purchase or sale at the Park Regis, a 30-minute consultation is the right starting point.
Corey Cohen · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com
Sources: CityRealty (Carter Horsley review); Corcoran building page; 50east89th.com building portal; nybits.com Carnegie Hill coop buildings reference; NYC Landmarks Preservation Commission Expanded Carnegie Hill Historic District Designation Report (LP-1834, 1993); NYC Department of Finance recorded transfers.