983 Park Avenue
983 Park Avenue, New York, NY 10028
Upper East Side
BBL 1015120001 · BIN 1047642
- Year built
- 1927
- Type
- Cooperative
- Units
- 57
- Floors
- 14
- Landmark
- Designated
- Pied-à-terre
- Not permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 4BR+ median
- $5.8M
- Recent range
- $1.5M – $6.7M
- Listing discount
- 8.2%
- Recorded transfers
- 43
983 Park Avenue is among the architecturally significant mid-1920s Schwartz & Gross Park Avenue commissions and a building whose structural exposure conditions produce a structurally specific apartment-level light-and-air advantage. Completed in 1927, the 14-story building sits at the northwest corner of Park Avenue and East 83rd Street — directly across Park Avenue from the Church of St. Ignatius of Loyola (the Jesuit-led parish church anchoring the broader Park Avenue institutional fabric) and the related church-and-school complex behind it.
The structural exposure significance is documented in public records. The St. Ignatius church complex across Park Avenue, and the related institutional buildings behind it, produce a substantial unblocked light-and-air corridor on the building's eastern exposure — a structural feature uncommon on Park Avenue and one that produces apartment-level light conditions materially exceeding the corridor's typical apartment-level baseline. Schwartz & Gross's broader Park Avenue body of work — the most prolific of the 1920s Park Avenue residential firms — includes 888 Park (1925–26), 910 Park (1924), 930 Park (1916), 1070 Park (1928), 1095 Park (1930), and the broader corridor presence that made Schwartz & Gross the most prolific of the era's Park Avenue residential firms by number of commissions. 983 Park sits at the mid-point of this body of work and is among the architecturally most consequential of the firm's Carnegie Hill commissions.
The architectural register at 983 Park is red brick over a two-story limestone base with arched window detailing — the classical-revival vocabulary characteristic of Schwartz & Gross's mid-1920s Park Avenue work. The 57-apartment scale and the 1981 cooperative conversion produce a structurally distinct cooperative identity within the broader Park Avenue corridor.
Architecture and unit composition
The 57 cooperative apartments distribute across the building's 14 stories in configurations carrying the mid-1920s Park Avenue layout discipline. The east-facing apartments benefit from the St. Ignatius complex's structural exposure preservation; west-facing apartments look across the avenue to the broader Carnegie Hill streetscape.
Recent transactions documented through public records include Unit 5B, which closed in May 2025 at $6,500,000 (3-bedroom, 5-bathroom configuration, reduced from the $6,900,000 ask), and Unit 2D, which closed in November 2024 at $1,500,000 (2-bedroom, 3-bathroom configuration). Unit 6C was in contract as of February 2025 at $5,200,000 (reduced from $5,900,000); Unit 3B was listed in April 2025 by,000,000.
Building operations
983 Park operates as a full-service cooperative with 24-hour doorman, live-in superintendent, and attended elevators (the building retains elevator-operator service). The amenity infrastructure includes a fitness center with basketball court, private storage, bicycle storage, and central laundry.
Specific cooperative policy details (financing maximum, flip tax structure, pet policy, pied-à-terre allowance, sublet duration limits) should be verified directly with management.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $59,072/yr
- Per unit / month range
- $0 – $83
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 →Management & transfer contacts
- Flip tax
- Greater of 2% gross sale price, or 5% of gross sale price reduced by brokerage commission and original purchase price
- Pied-à-terre
- Not Allowed
- Notable fees
- Financing Fee $300; Messenger $75
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 27, 2025 | 6C | 5 BR · 4 BA · 3,200 sf | $4,900,000 | $1,531/sf | -5.8% |
| Nov 19, 2024 | 5B | 3 BR · 4.5 BA | $6,500,000 | -5.8% | |
| Dec 18, 2023 | 2D | 2 BR · 3 BA | $1,500,000 | -20.0% | |
| Oct 10, 2023 | 7B | 4 BR · 4 BA · 3,500 sf | $6,700,000 | $1,914/sf | -10.6% |
| Jun 22, 2022 | 8D | 3 BR · 3.5 BA | $3,600,000 | +0.0% | |
| Oct 14, 2021 | 5C | 4 BR · 5 BA | $4,999,999 | -35.0% | |
| Oct 14, 2021 | 5D | 2 BR · 3 BA | $1,925,000 | -8.1% | |
| Aug 3, 2021 | 15C | 4 BR · 4.5 BA | $6,360,000 | -27.3% |
Market read. Most recent trades (2025) cleared a median $1,675/sf across 1 sale. Median listing discount 6.7% 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 1-01512-0001) 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 Schwartz & Gross architectural pedigree is real. Among the firm's mid-1920s Carnegie Hill commissions; the architectural composition is consistent with the firm's broader Park Avenue body of work.
The St. Ignatius light-and-air exposure is structural. The church complex across Park Avenue and the related institutional buildings behind it produce light conditions materially exceeding the corridor's typical apartment-level baseline.
The 1981 cooperative conversion is later than peer Park Avenue conversions. The cooperative culture has been continuously refined for four decades.
The fitness center with basketball court is a structural amenity feature. An unusually developed amenity inventory for the pre-war Park Avenue cooperative tier.
Verify operational specifics during due diligence. Specific board approval framework, financing structure, flip tax, sublet policies, current capital project pipeline, and the LL11 façade cycle on the 1927 vintage should be reviewed.
Closing timelines are cooperative-standard. Plan for 6–10 weeks from contract through board approval to closing.
What to know if you’re selling
Marketing should emphasize the Schwartz & Gross architectural credential and the St. Ignatius light-and-air exposure. Both are structural identity features and the record documents both.
The fitness center with basketball court is a real marketing point. Unusually developed amenity infrastructure for the pre-war Park Avenue cooperative tier.
Pricing should reference recent comparable closings. The $6,500,000 May 2025 closing on Unit 5B provides recent upper-tier reference; apartment-line-specific comparables should anchor positioning.
Closing timelines are cooperative-standard.
Comparable buildings
If you're considering 983 Park Avenue, also evaluate:
- 925 Park Avenue — Schwartz & Gross; nearby same-firm Carnegie Hill peer
- 888 Park Avenue — Schwartz & Gross 1925–26; same-firm Park Avenue peer
- 910 Park Avenue — Schwartz & Gross 1924; same-firm Park Avenue peer
- 940 Park Avenue — pre-war Park Avenue peer
- 950 Park Avenue — pre-war Park Avenue peer
The neighborhood
For the full corridor — architecture, schools, 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.
Considering a move at 983 Park Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 983 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.