985 Park Avenue
985 Park Avenue, New York, NY 10028
BBL 1015127501 · BIN 1087728
- Year built
- 2007
- Type
- Condominium
- Units
- 7
- Floors
- 15
- Landmark status
- Not an individual landmark; in the Park Avenue Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Leasing by owners
- Permitted
- Pied-à-terre
- Permitted
- Flip tax
- 1% of the purchase price, paid by the buyer
- Doorman
- Full-time doorman
Every recorded sale at this building, 2005–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $2,202
- 1 sale
- Listing discount
- 1.0%
- Recorded sales
- 16
- On record
- 2005–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 985 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.
985 Park Avenue is one of the architecturally and operationally most distinctive contemporary residential commissions on the Carnegie Hill stretch of Park Avenue — a structurally rare 21st-century condominium infill within the Park Avenue Historic District. The 2007 Costas Kondylis design for The Icon Group produced only 7 condominium residences across the building's 15 stories, all configured as multi-level apartments (five duplexes and two triplexes, plus a garden triplex). The 7-residence unit count makes 985 Park functionally one of the most private residential buildings on the corridor — a scale comparable to the smallest pre-war Park Avenue cooperatives (740 Park's 33 units; 740 Park's most exclusive smaller peers including 815 Park, the Pierre, and select Beekman Place buildings) but executed in condominium ownership form.
The architectural composition is Modern Classical — a full limestone façade designed in deliberate dialogue with the surrounding Park Avenue Historic District pre-war streetwall. The LPC contextual review framework that governed 985 Park's design produced an architectural composition that reads from across the avenue as compatible with the pre-war Italian Renaissance / neo-Georgian Park Avenue tradition, while internally executing the contemporary luxury condominium specifications of the 2007-vintage building cycle.
The structural distinction of 985 Park within the broader Carnegie Hill market rests on the combination of three rare features: (1) condominium ownership form within a Park Avenue corridor dominated by cooperative ownership; (2) the 7-residence boutique scale; and (3) the all-multi-level apartment configuration (no standard single-floor apartments — every residence is duplex, triplex, or larger).
Interior architecture is the work of Geoffrey Bradfield — among the most consequential American luxury residential interior designers, with broader work across Manhattan, Palm Beach, and international markets. Apartment-level finish specifications include herringbone wood floors, custom moldings, 10-foot living-room ceilings, floor-to-ceiling windows with French doors opening to Juliet balconies on the Park Avenue side, and individual climate control per room.
The site's pre-985 Park history: the lot previously held an 1870 building that housed the Florence Market, an upscale grocery operated by Anthony Tucciarone from 1948 until his death in 2004. The Florence Market succeeded a 19th-century structure on the same site; the 2007 development cycle replaced the small-scale commercial fabric with the contemporary residential commission.
Architecture and unit composition
The 7 condominium residences distribute across the building's 15 stories in five duplexes, two triplexes, and the separately marketed garden triplex. Apartment scale is substantial — multi-level configurations with the substantial floor-to-ceiling glazing on the Park Avenue exposure and the Geoffrey Bradfield interior architectural vocabulary.
Apartment-level features include herringbone wood floors, custom moldings, 10-foot living-room ceilings, floor-to-ceiling windows with French doors opening to Juliet balconies on the Park Avenue side, individual climate control per room, and the contemporary luxury condominium specifications of the 2007-vintage building cycle.
Unit 10/11 is currently active. The building's pricing positions in the upper Carnegie Hill condominium tier — substantially above peer cooperative pricing per square foot and consistent with the condominium-on-Park-Avenue rarity premium.
Building operations
985 Park operates as a full-service condominium with full-time doorman and concierge. The 7-residence boutique scale produces an operational character functionally analogous to an ultra-private residential club — service ratios materially exceeding peer condominium and cooperative inventory.
The condominium policy framework is structurally permissive within the broader Park Avenue residential market: pied-à-terre permitted, subletting supported under condominium-form mechanics, LLC and trust ownership accepted, foreign buyers welcomed. The combination of condominium flexibility with the Park Avenue Historic District address represents one of the most structurally specific buyer-pool propositions on the broader corridor.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 1% of the contract sale price of the unit
- Rate
- 1% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of September 2026
Purchase
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Report FeePer applicant | Paid by Buyer | When With the application | Amount $120 per applicant | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In DepositConditionalConditions: If no damages occur to common areas | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move-Out DepositConditionalConditions: If no demanded occur to common areas | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Tenant | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Tenant | When With the application | Amount $120 per applicant | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Landlord | When With the application | Amount $1,000 | Refundable Refundable |
| Move-In Deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- PermittedSource: The Roebling Team's building profile
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →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.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 1, 2026 | 4 | 3 BR · 3 BA · 2,469 sf | $5,437,500 | $2,202/sf | -9.3% |
| Dec 6, 2012 | PT | 2,732 sf | $9,000,000 | $3,294/sf | off-mkt |
| Sep 20, 2012 | 1213 | 3 BR · 2.5 BA · 2,469 sf | $6,300,000 | $2,552/sf | off-mkt |
| Jun 18, 2009 | 67Sponsor Sale | 3 BR · 2,469 sf | $4,500,000 | $1,823/sf | off-mkt |
| Jun 18, 2009 | 6 | 3 BR · 2,469 sf | $4,500,000 | $1,823/sf | -9.1% |
| Dec 24, 2007 | 1213Sponsor Sale | 3 BR · 2.5 BA · 2,469 sf | $5,702,200 | $2,310/sf | off-mkt |
| Dec 20, 2007 | PHTRIPLEXSponsor Sale | 3 BR · 2,739 sf | $7,250,000 | $2,647/sf | +0.0% |
| Dec 14, 2007 | 10Sponsor Sale | 3 BR · 2,469 sf | $5,545,375 | $2,246/sf | -2.7% |
Market read. Most recent trades (2026 to date) cleared a median $2,202/sf (recorded) across 1 sale. Median listing discount 1.0% 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 1-01512-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 985 Park Avenue and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
The condominium ownership form is structurally rare on Park Avenue. Most Park Avenue residential between East 60th and East 91st Streets is cooperative; 985 Park is one of a small number of post-millennium condominium infill projects within the Park Avenue Historic District zone.
The 7-residence boutique scale is structural. Among the smallest residential buildings on the broader Park Avenue corridor; the service ratio and operational privacy are materially exceptional.
The all-multi-level apartment configuration is structural. No standard single-floor apartments; every residence is duplex, triplex, or larger. Buyers should evaluate apartment configurations on the multi-level architectural argument rather than against single-floor reference comparables.
The Costas Kondylis architectural credential is real. Among the architect's most architecturally refined Park Avenue commissions; the Modern Classical limestone façade designed for LPC contextual review represents structurally specific architectural work.
The Geoffrey Bradfield interior architecture is a real specification feature. Among the most consequential American luxury residential interior designers; the interior vocabulary supports premium pricing positioning.
The St. Ignatius Loyola Roman Catholic Church across the avenue produces structural protection. The landmarked church and the related institutional architectural fabric across Park Avenue produce a structurally protected eastern exposure for the building.
Verify operational specifics during due diligence. Specific offering plan policies, current capital project status, the LL11 façade cycle on the new-construction vintage, common-charge trend, and broader operational baselines should be reviewed.
Closing timelines are condominium-fast. Right-of-first-refusal mechanism; 30–45 day pacing typical.
What to know if you’re selling
Marketing should emphasize the condominium-on-Park-Avenue rarity, the 7-residence boutique scale, and the Kondylis + Bradfield architectural-and-design credentials. All are structural identity features.
The condominium form supports a structurally specific buyer pool. Marketing should reach pied-à-terre buyers, international buyers, LLC and trust purchasers, and the broader condominium buyer demographic that peer cooperative inventory does not support.
Pricing requires apartment-level comparable analysis on a thin float. Recent comparables on the specific multi-level configuration should anchor positioning.
Closing timelines are condominium-fast.
Comparable buildings
If you're considering 985 Park Avenue, also evaluate:
- 515 Park Avenue — contemporary luxury condominium peer
- 520 Park Avenue — Stern / Zeckendorf 2018; trophy contemporary condominium peer
- 525 Park Avenue (The Parkside) — contemporary condominium peer
- 1010 Park Avenue — Naftali / Beyer Blinder Belle 2018-2019; Carnegie Hill condominium peer
- 1110 Park Avenue — DDG 2015; nearby Carnegie Hill condominium peer
More Park Avenue buildings
- 970 Park Avenue — 1912 co-op by Schwartz & Gross
- 975 Park Avenue — 1929 co-op
- 983 Park Avenue — 1927 co-op by Schwartz & Gross
- 993 Park Avenue — 1915 co-op by Robert T. Lyons
- 1000 Park Avenue — 1916 co-op by Emery Roth
- 1001 Park Avenue — 1928 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park Avenue.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 985 Park Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com