- Year built
- 1928
- Type
- Cooperative
- Units
- 36
- Landmark
- No
941 Park Avenue is one of the avenue's grand low-density cooperatives — a building defined less by its count of apartments than by their scale. Completed in 1928 to designs by Schwartz & Gross, one of the most accomplished firms of the Park Avenue pre-war era, it occupies a prime blockfront between 81st and 82nd Streets at the Lenox Hill / Carnegie Hill seam, in the densest tier of Park Avenue's first-rank residential inventory.
What sets 941 apart is its unit composition. With only about 36 apartments across sixteen stories, the building consists largely of palatial twelve- and thirteen-room duplexes — the expansive, multi-floor layouts that represent the apex of pre-war Park Avenue living. At roughly 4,400 square feet per apartment by the building's gross figures, these are family residences of genuine scale, with the high ceilings, oversized windows, and intricate moldings that distinguish the era's finest work.
Schwartz & Gross's authorship places 941 in distinguished company — the firm's Park Avenue and Carnegie Hill portfolio is among the most respected of the period. For buyers seeking a grand pre-war Park Avenue apartment in a small, intimate, white-glove building, 941 occupies a rarefied niche.
Architecture and unit composition
The building's defining feature is its grand duplex format. Most apartments are expansive twelve- and thirteen-room layouts spanning two floors, with the gracious entry galleries, sweeping stair connections, formal entertaining rooms, and separated service wings that characterize first-tier Park Avenue pre-war design. Ceiling heights are generous, windows are oversized, and original architectural detail — moldings, plasterwork, period fixtures — survives in varying degrees depending on each apartment's renovation history.
With roughly 36 apartments across sixteen floors, the building's density is among the lowest on Park Avenue — a deliberate luxury that delivers privacy and scale. A small number of simplex apartments sit alongside the duplexes, but the duplex is the building's signature.
Building operations
941 Park operates as a full-service, white-glove pre-war Park Avenue cooperative. The staff includes a full-time doorman and an attentive building team, and the building offers a fitness room, a children's playroom, and private storage — an unusually complete amenity set for a building of this small size and vintage.
On house rules, the building runs as a primary-residence co-op with first-rank Park Avenue financial standards. Pets are permitted. A 2% flip tax is paid by the seller on resale. Financing is conservatively capped: the building permits a maximum of $4 million in financing or 30% of the purchase price, whichever is less — a posture consistent with the largely all-cash profile of buyers at this caliber of apartment. As with the avenue's grand co-ops, the board emphasizes financial strength and primary-residence intent.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $39,033/yr
- Per unit / month range
- $0 – $88
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 941 Park:
- Turnover is very limited given the roughly 36-unit scale and the size of the apartments — a building of grand duplexes transacts only occasionally, often a single apartment in a given year.
- Pricing reflects first-rank Lenox Hill / Carnegie Hill Park Avenue values, with the large duplex formats commanding substantial figures; floor altitude, exposure, and renovation quality drive meaningful spreads.
- The building's small size and exceptional 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 grand duplex format is the asset. Twelve- and thirteen-room two-floor layouts in a building of roughly 36 apartments represent the apex of pre-war Park Avenue living — privacy, scale, and architectural grandeur, with a fitness room and playroom that few peers of this size offer.
The Schwartz & Gross pedigree is real. The firm's Park Avenue and Carnegie Hill portfolio is among the most respected of the pre-war era; the architecture is a durable value.
Underwrite to the financing cap. With a maximum of $4 million or 30% financing, whichever is less, buyers should expect to bring substantial equity; the board reviews on first-rank Park Avenue standards.
Budget the flip tax. The 2% seller-paid flip tax should be modeled into any resale analysis from the outset.
What to know if you’re selling
Lead with the duplex grandeur and Schwartz & Gross authorship. The 1928 vintage, the firm's pedigree, the palatial two-floor layouts, and the white-glove amenity set are the headline marketing 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; the 2% flip tax reduces net proceeds.
Comparable buildings
If you're considering 941 Park Avenue, also evaluate:
- 940 Park Avenue — Blum brothers pre-war co-op directly across the avenue
- 935 Park Avenue — pre-war Park Avenue co-op nearby
- 950 Park Avenue — pre-war Park Avenue peer nearby
- 925 Park Avenue — pre-war Park Avenue co-op nearby
- 911 Park Avenue — pre-war Lenox Hill Park Avenue peer
The Roebling Team at 941 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 941 Park, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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