- Year built
- 1927
- Type
- Cooperative
- Units
- 57
- Floors
- 14
- Landmark
- Designated
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 Carter Horsley's CityRealty review. 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. Horsley specifically emphasizes the building's "considerable light and air" advantage.
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 Sotheby's at $7,000,000.
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.
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 Carter Horsley's CityRealty review 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 (already on the existing 186-slug list)
- 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 Roebling Team at 983 Park
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue Carnegie Hill buyers and sellers deserve building-specific intelligence — architectural attribution, board context, and pricing at the apartment level.
If you're considering a purchase or sale at 983 Park, a 30-minute consultation is the right starting point.