883 Park Avenue
883 Park Avenue, New York, NY 10075
BBL 1014130001 · BIN 1043230
- Year built
- 1927
- Type
- Cooperative
- Units
- About 36
- Landmark status
- Not an individual landmark; in the Upper East Side Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Requires confirmation
- Pied-à-terre
- Not permitted
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Not permitted
- Maximum financing
- 50% of the purchase price
- Flip tax
- 3% of the purchase price, paid by the buyer
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 4BR+ median, 2023–2024
- $7M
- 5 qualifying sales
- Recent range
- $5.7M – $7.8M
- Listing discount
- 7.2%
- Recorded transfers
- 33
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 883–885 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.
883 Park Avenue — the building addressed as 883–885 Park — is a small, low-density pre-war cooperative at the northeast corner of Park Avenue and East 78th Street, in the Lenox Hill heart of the avenue's tier-one residential stock. Completed in 1927 and designed by Schwartz & Gross, one of the firms that defined Park Avenue's pre-war identity, it was converted to cooperative ownership in 1956 and has operated as a white-glove co-op since.
883 Park has approximately thirty-six apartments. Neither the unit-to-floor ratio nor roughly 4,500 square feet of gross building area per apartment establishes net interior area, full-floor layouts or privacy; verify apartment plans, measured areas and landing arrangements.
The corner-of-78th location places 883 in the densest concentration of Park Avenue's tier-one cooperatives, one block north of Lenox Hill Hospital and steps from the Madison Avenue boutiques, galleries, and restaurants. The Lexington Avenue subway is a block and a half east at 77th Street, with crosstown service on 79th. Buyers here are choosing the heart of pre-war Park Avenue — its architecture, its board culture, and its enduring value — at a building where the apartment’s actual dimensions and configuration should be verified.
Architecture and unit composition
Schwartz & Gross gave 883 Park the restrained classical vocabulary of the era's best Park Avenue work: a brown-brick body rising from a two-story limestone base, a canopied entrance with a decorative surround, bandcourses and limestone quoins articulating the facade, and two-story window surrounds crowning the upper floors beneath the cornice. Verify entry galleries, living-and-dining arrangements, any library or den, closet space and service circulation from the specific apartment’s plans; those features do not follow from the building’s unit count.
The approximately thirty-six-apartment count does not establish full-floor or near-full-floor configurations; confirm the approved floor plans and current combinations. Ceiling heights in primary rooms sit in the generous pre-war range, and original architectural detail survives to varying degrees depending on each apartment's renovation history.
Building operations
883 Park operates as a white-glove full-service Park Avenue cooperative. A doorman staffs the attended lobby, with a resident manager overseeing the building, a fitness center, and private storage for shareholders. The board reviews purchases through an application and interview. Documented terms: financing up to 50% of the purchase price, a 3% flip tax paid by the buyer, pied-à-terre use not permitted, and subletting permitted with conditions — the policy slate we walk clients through before they bid.
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
- Buyer
Source: building management's published schedule, as of September 2026
Purchase
9 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 Fees | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Move-In Fee | Paid by Buyer | When With the application | Amount $2,500 | Refundable Non-refundable |
| Move-Out Fee | Paid by Seller | When With the application | Amount $2,500 | Refundable Non-refundable |
| Health Club Membership Fee | Paid by Buyer | When At closing | Amount $2,500 | Refundable Not stated |
| Recognition Agreement FeeConditionalConditions: If Financing | Paid by Buyer | When At closing | Amount $300 (if applicable) | Refundable Non-refundable |
| Managing Agent's FeeConditional | Paid by Seller | When At closing | Amount $900 (If Seller is an Individual) $1000 (If Seller is an Estate) | Refundable Non-refundable |
| New York State Stamp TaxPer share | Paid by Seller | When At closing | Amount $0.05 per share | Refundable Non-refundable |
| Background Report FeeConditional · Per applicantSee Ordering Procedures and Wire Instructions in Purchase Package | 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 |
Refinance
4 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Messenger Fees | Paid by Shareholder | When With the application | Amount $35 | Refundable Non-refundable |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Messenger Fees | 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 conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Co-purchasing
- Not permittedSource: building management's published schedule, as of September 2026
- Parent buying for an employed child
- Permitted with conditionsConsidered on a case by case basisSource: building management's published schedule, as of September 2026
- Parent buying for a student child
- Permitted with conditionsConsidered on a case by case basisSource: 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
- Requires confirmationSources differ. Confirm with building management.
- Pied-à-terre ownership
- Not permittedSource: building management's published schedule, as of September 2026
- 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
- Not 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.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Attended lobby
- YesSource: 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, storageSource: 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
- $26,372/yr
- Per unit / month range
- $0 – $61
- Modeled exposure split equally across 36 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 filing classified the facade as Unsafe — conditions requiring prompt corrective action. The owner must install any public protection the inspector specifies (a sidewalk shed, construction fence or structural netting, depending on the condition) and make the repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
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.
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 |
|---|---|---|---|---|---|
| Jul 10, 2024 | 7C | 4 BR · 4 BA | $7,850,000 | -1.8% | |
| Oct 2, 2023 | 8B | 4 BR · 4.5 BA · 3,400 sf | $7,000,000 | $2,059/sf | -17.6% |
| Sep 13, 2023 | 6C | 4 BR · 4 BA | $7,100,000 | -7.2% | |
| May 3, 2023 | 3C | 4 BR · 4 BA | $6,650,000 | -15.8% | |
| Feb 6, 2023 | 7B | 4 BR · 4 BA | $5,725,000 | +4.1% | |
| Nov 2, 2022 | 1B | 3 BR · 1.5 BA | $545,000 | -31.4% | |
| Oct 26, 2021 | 9A | 5 BR · 5 BA | $8,250,000 | -13.1% | |
| Feb 25, 2021 | 11C | 4 BR · 3 BA | $7,700,000 | -18.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $2,059/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 7.2% 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.
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 1-01413-0001). 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 883–885 Park Avenue and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 883–885 Park Avenue and its market
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What to know if you’re buying
The low-density, large-format character is the asset. The roughly thirty-six-apartment count describes scale; assess privacy, interior area and landing arrangements in the specific home.
The Schwartz & Gross pedigree is durable. A 1927 design by one of the avenue's defining firms, on a prime Lenox Hill corner, is a permanent differentiator.
The pre-war vintage is structural. Layouts, ceiling heights, and systems reflect 1927 luxury design; renovation scope and quality are central to underwriting any purchase.
Board criteria are building-specific. Financing is capped at 50% of the purchase price and pied-à-terre use is not permitted; confirm the building's current liquidity, ownership, occupancy and subletting requirements from its governing documents and application instructions.
What to know if you’re selling
Document the architecture and location. The Schwartz & Gross authorship, the 1927 vintage, the specific apartment’s verified layout, and the corner-of-78th address are the headline assets.
Pricing requires apartment-level comparable analysis. Assess verified interior area, floor, exposure, layout and renovation history against actual comparable sales; the count alone does not establish large apartments or the usefulness of a building average.
Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract to closing, subject to board package and approval pacing.
Comparable buildings
If you're considering 883 Park Avenue, also evaluate:
- 875 Park Avenue — nearby Lenox Hill Park Avenue co-op
- 888 Park Avenue — Lenox Hill Park Avenue co-op nearby
- 830 Park Avenue — pre-war Lenox Hill Park Avenue peer
- 840 Park Avenue — pre-war Lenox Hill Park Avenue peer
- 800 Park Avenue — Lenox Hill Park Avenue building nearby
More Park Avenue buildings
- 865 Park Avenue — 1907 co-op
- 875 Park Avenue — 1912 co-op by George and Edward Blum
- 876 Park Avenue — 1917 co-op by W. K. Rouse & L. A. Goldstone
- 888 Park Avenue — 1925 co-op by Schwartz & Gross
- 891 Park Avenue — 1931 co-op
- 895 Park Avenue — 1929 co-op
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 883–885 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