- Year built
- 1927
- Type
- Cooperative
- Units
- 36
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.
What distinguishes 883 Park is its scale. With approximately 36 apartments, it averages well under three units per landing — placing it among the lower-density Park Avenue cooperatives, the format prized for spacious full-floor and near-full-floor layouts, privacy, and an intimate shareholder community. At roughly 4,500 square feet per unit by the building's gross figures, these are substantial family apartments by any measure.
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 whose small size and large apartments define its character.
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. The building's low-density configuration points to the large, formal layouts characteristic of tier-one Park Avenue design — gracious entry galleries, defined living-and-dining sequences, library or den configurations, primary suites with substantial closet infrastructure, and separated service wings.
With roughly 36 apartments across the building's floors, most residences are full-floor or near-full-floor configurations. 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. As with the tier-one Lenox Hill co-ops, the board reviews purchases through a rigorous application and interview, and prospective buyers should expect financing discipline, a flip-tax structure, and primary-residence intent to figure centrally in its posture — the policy slate we walk clients through before they bid.
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
An active hazard: the building must keep a sidewalk shed up and make repairs now — expect construction, disruption, and a likely special assessment. We’d get you the repair scope and the building’s funding plan up front, so you go in knowing exactly what’s underway and what it’s likely to cost.
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
Sales context at 883 Park:
- Turnover is very limited given the ~36-unit scale — a low-density building of this tier transacts only occasionally, often just one or two apartments in a given year.
- Pricing reflects tier-one Lenox Hill Park Avenue values, with the large full-floor formats commanding substantial figures; floor altitude, exposure, and renovation quality drive meaningful spreads.
- The building's small size and large layouts make any single building-wide average a poor guide; evaluate each apartment at the unit level.
What to know if you’re buying
The low-density, large-format character is the asset. Roughly 36 apartments means privacy, scale, and an intimate shareholder community — the format that defines tier-one Park Avenue.
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 approval follows tier-one Lenox Hill norms. A strong financial profile, financing discipline, and primary-residence intent are typically central criteria.
What to know if you’re selling
Lead with the tier-one Lenox Hill positioning. The Schwartz & Gross authorship, the 1927 vintage, the low-density full-floor layouts, and the corner-of-78th address are the headline assets.
Pricing requires apartment-level comparable analysis. With so few, so large apartments, floor, exposure, layout, and renovation history drive value far more than any 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
The Roebling Team at 883–885 Park Avenue
The Roebling Team at Compass specializes in Park Avenue, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and apartment-level pricing — not generic market commentary.
If you're considering a purchase or sale at 883 Park, a 30-minute consultation is the right starting point.
Get the full picture on this building.
Current availability including off-market, the full comp set, and the board & financials read most listings don't show.