Cooperative · 1931
891 Park Avenue
891 Park Avenue, New York, NY 10075
Buildings·Cooperative

891 Park Avenue

891 Park Avenue, New York, NY 10075

At a glance
Year built
1931
Type
Cooperative
Landmark
No
The Data Room

Every recorded sale at this building, 2004–2025

Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.

2BR median
$1.6M
Recent range
$1.2M – $1.6M
Listing discount
8.6%
Recorded transfers
25

891 Park Avenue is an intimate Art Deco cooperative at the corner of East 78th Street — fifteen stories, fifteen apartments, one full-floor residence per landing. That one-to-one ratio of floors to homes is the building's defining luxury: every apartment occupies an entire floor, with its own private elevator vestibule, in a slender Lenox Hill tower one to two blocks from both Central Park and the Madison Avenue cultural and retail spine.

Completed in 1931 to designs by Arthur Paul Hess, the building is a refined example of residential Art Deco. Its brick facade rises from a three-story limestone base, and the design is detailed with a full-width terra-cotta and ironwork balcony at the fourth floor, individual balconies with terra-cotta ornament near the crown, and the geometric patterning across the top floors that marks the period — finished with an ironwork parapet. The lobby carries the same restrained Deco vocabulary.

For a buyer, the appeal is the rare combination of a full-floor home and a true boutique building: high beamed ceilings, wood-burning fireplaces, oak herringbone floors, and — in a charming flourish — fireplace mantels in several apartments salvaged from the legendary Plaza Hotel. This is full-floor Park Avenue living at a human scale, in one of the avenue's most discreet doorman houses.

Architecture and unit composition

Hess designed 891 Park in the elegant, vertically-minded Art Deco that defined the best Park Avenue apartment houses of the early 1930s. The three-story limestone base grounds the brick shaft; the fourth-floor balcony and the upper-floor terra-cotta detailing give the elevation rhythm; and the geometric ornament across the top three floors, met by an ironwork parapet, provides a crisp, period-correct crown. The result is a building that holds its own on Park Avenue without imitating its pre-war Renaissance-revival neighbors.

Inside, the residences are full-floor homes of roughly 1,725 square feet, typically two bedrooms (several configurable to three), each with en-suite baths, opening from a private elevator landing. The pre-war fabric is intact and exceptional: high beamed ceilings around 9 feet 3 inches, wood-burning fireplaces, oak herringbone floors, and the salvaged Plaza Hotel mantels that lend individual apartments a genuine provenance. Many homes have been comprehensively renovated while preserving the original detail, combining Deco character with contemporary systems and kitchens.

Building operations

891 Park is a full-service cooperative: a full-time doorman attends the entrance, with a resident superintendent on premises, and each apartment has its own storage. The private elevator landing for every residence means no shared corridors — a level of privacy that even larger Park Avenue co-ops rarely deliver, and a direct consequence of the one-home-per-floor plan.

On board policy, the building's terms are well established. The cooperative permits financing of up to 50% of the purchase price and allows co-purchasing. A flip tax of 3% applies, paid by the buyer. As with any cooperative of this caliber, purchases clear through a board application, financial review, and interview, and the building is run for full-time, owner-occupied residency. Pet and sublet specifics are governed by the house rules and should be reviewed at the point of contract.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$18,448/yr
Per unit / month range
$0 – $102
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
Safe
2010–15
Safe
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2029
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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

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.

DateUnitApartmentPricePPSFvs. Ask
Mar 18, 20258
2 BR · 2.5 BA
$1,575,000-4.5%
Nov 13, 20245
2 BR · 2 BA
$1,550,000-8.6%
Feb 17, 202314
2 BR · 2 BA · 1,400 sf
$1,200,000$857/sf-14.2%
Aug 17, 20226
2 BR · 2.5 BA
$2,150,000-4.4%
May 19, 20229
3 BR · 2.5 BA · 1,550 sf
$2,955,000$1,906/sf-15.6%
May 11, 20223
3 BR · 2.5 BA · 1,800 sf
$1,850,000$1,028/sfoff-mkt
Mar 16, 202111
2 BR · 2 BA · 1,500 sf
$1,995,000$1,330/sf-11.3%
Jun 27, 201914
1 BR · 2 BA · 1,400 sf
$1,135,000$811/sf-15.9%

Market read. Most recent trades (2023) cleared a median $857/sf across 1 sale. Median listing discount 8.6% 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.

10 · 1,600 sf+43%
$1,925,000 ($1,203/sf) 2014$2,750,000 ($1,719/sf) 2017
5+35%
$1,150,000 2004$1,550,000 2024
11 · 1,500 sf+33%
$1,500,000 ($1,000/sf) 2005$1,995,000 ($1,330/sf) 2015$1,995,000 ($1,330/sf) 2021
3RD+32%
$1,585,000 2008$2,100,000 2015
PH15 · 1,150 sf+29%
$999,000 ($869/sf) 2004$1,285,000 ($1,117/sf) 2007

Other recent transfers

DateUnitPrice
Nov 24, 20153RD$2,100,000
Jun 15, 20159$2,250,000
Apr 16, 20146F$1,900,000
Feb 7, 20083RD$1,585,000
Oct 26, 200714$1,250,000
Mar 15, 2006$1,603,000
View all 25 recorded transfers, sortable

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 1-01413-0004) 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 buy case is distinctive: a full-floor home with a private elevator landing in a fifteen-unit Art Deco house — a configuration that combines the privacy of a townhouse floor with the service of a Park Avenue doorman building. The pre-war detailing, the wood-burning fireplaces, and the Plaza-salvaged mantels give the apartments real character, and the corner location at 78th Street puts Central Park, Madison Avenue, and the Museum Mile within a short walk.

Plan for a cooperative purchase at the avenue's standard: a board package, a financial review, and an interview, with financing capped at 50% of the purchase price and a 3% flip tax payable by the buyer at closing — both figures worth building into your underwriting from the outset. Because the building is small, the financials and capital plan deserve close attention: a fifteen-unit co-op spreads the cost of facade, elevator, and mechanical work across few shareholders, so review the reserve fund and any assessment history before committing. The reward is a scarce full-floor Park Avenue home in a building most buyers never get a chance at.

What to know if you’re selling

A sale at 891 Park is sold on the floor-through layout, the private landing, and the Art Deco provenance. The story — fifteen apartments, one per floor, wood-burning fireplaces, Plaza Hotel mantels, a 1931 Hess design — is unusually marketable and reaches the specific pool of buyers who shop full-floor Park Avenue cooperatives.

Comparable analysis should lean on the building's own history and the small set of full-floor and near-full-floor Park Avenue co-ops nearby rather than on larger multi-line buildings, since the configuration here is the differentiator. Presentation of the original Deco detail, the renovated systems where present, and the privacy of the private-landing plan is what carries a listing to the top of its range — and the 50% financing cap and 3% flip tax should be disclosed clearly so prospective buyers underwrite accurately from the start.

Comparable buildings

If you're considering 891 Park Avenue, these nearby Park Avenue cooperatives form a useful comparison set:

The Roebling Team at 891 Park Avenue

The Roebling Team at Compass specializes in Park Avenue, the Upper East Side, and the full-floor and pre-war cooperative market across the corridor's most discreet houses. We publish this profile because the buyers and sellers of a full-floor home like those at 891 Park are best served by deep, building-specific intelligence — the architecture, the layout, the board terms, and where the pricing sits in the avenue's full-floor tier.

If you're considering a purchase or sale at 891 Park Avenue, a confidential consultation is the right starting point.

Considering a move at 891 Park Avenue?

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Current availability including off-market, the full comp set, and the board & financials read most listings don't show.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com