--- title: "885 PARK Avenue #12B, New York City, NY 10075" description: "885 PARK Avenue #12B, New York City, NY 10075 — Lenox Hill, New York City, NY. Listing Price $6,850,000. In contract 7/17/2026. 4 bed, 4 bath Illustrative Buyer Commission Share of $102,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/885-park-avenue-b-12B-ny-10075" source: "Real Estate Rebate Team" status: "Pending" --- # 885 PARK Avenue #12B, New York City, NY 10075 Lenox Hill, New York City, NY Courtesy of Brown Harris Stevens Residential Sales LLC ## At a Glance - **Listing Price**: $6,850,000 - **Status**: In contract 7/17/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 4 - **Total Baths**: 4 - **Common Charges**: $9,740 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $6,850,000 - **Illustrative Buyer Commission Share**: -$102,750* - **Illustrative Net Cost**: $6,747,250 *Illustrative Buyer Savings of $102,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b8b5133-a1da-4e38-9efe-fb56d293f355.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/06d88c16-bc02-43c2-b77d-0f74fecc18ef.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/decc8852-3526-4b1f-8d6a-1c010835d7d1.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/971fafe4-be4d-48a0-bde8-ce58e7756676.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/600c5720-40bb-479a-b673-162be30282f4.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1a9a5c51-6592-41b0-98e9-02bfa7ac0f86.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9124f5bd-2020-4b73-a415-769cb9d49a1d.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/074c3eb6-3a3c-4e17-82d1-9615f6d1a190.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3dab1b0-4433-4e16-a064-552d98b21dc3.jpg) ![885 PARK Avenue #12B, New York City, NY 10075 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3a24e041-dec8-4e22-b52c-e5563f42fc14.jpg) ## Property Overview 885 Park Avenue, 12B Grand in scale and full of pre-war elegance and charm, this sprawling nine-room, three-and-a-half-bath residence can accommodate sophisticated, large-scale entertaining as well as quiet refinement and comfort for everyday living. Apartment 12B is perched high above tree-lined 78th Street just off Park Avenue, with several rooms enjoying southern exposures with abundant sunlight and open city views. A semi-private landing leads to an entrance foyer and square gallery which centers the apartment's gracious layout. The living room is nearly 30' in length, with ceilings just under 10', original oak herringbone floors and wood-burning fireplace. An adjacent library (which could easily be converted to a fourth bedroom) features custom built-in bookshelves, a stylish recessed bar and large walk-in closet. Opposite the library is an exceptionally spacious formal dining room flanked by mahogany and etched glass doors. The adjacent, windowed eat-in-kitchen's generous proportions can accommodate a variety of configurations with abundant space for both storage and seating. There are two former staff rooms off the kitchen, one currently configured as a laundry room with full-size washer and vented dryer and the other as a home office, with a renovated half-bathroom in between. The private residential wing is comprised of three bedrooms, all with expansive dimensions, high ceilings and abundant closets. The primary bedroom is bathed in southern light and features a private vestibule and en suite, windowed, marble full bath. 885 Park Avenue is a premier, full-service cooperative designed and built in 1927 by renowned pre-war architects Schwartz & Gross. The building offers a large, renovated fitness center, live-in resident manager, attentive staff and is pet-friendly. Private storage transfers with the apartment. Fifty percent financing is allowed and there is a 3% flip tax payable by purchaser. ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Total Baths**: 4 - **Rooms**: 9 - **Stories**: 14 - **Year Built**: 1927 - **Common Charges**: $9,740 / Monthly - **Listed On**: Feb 12, 2026 - **Days on Market**: 214 Days ### Residence Features - Central Air - Building Other - In Unit - City ## Sales Evidence ### Recent closed sales 8 apartments at 885 PARK Avenue have recorded sales since September 2021, the most recent for $19,996,500 in June 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | PHA/B (Apartment) | — | — | $19,996,500 | — | June 30, 2025 | City record | | 7C (Apartment) | 4 | — | $7,850,000 | — | July 10, 2024 | City record · MLS | | 8B (Apartment) | 4 | 3,400 | $7,000,000 | $2,059/ft² | October 2, 2023 | City record · MLS | | 6C (Apartment) | 4 | — | $7,100,000 | — | September 13, 2023 | City record · MLS | | 3C (Apartment) | 4 | — | $6,650,000 | — | May 3, 2023 | City record · MLS | | 7B (Apartment) | 4 | — | $5,725,000 | — | February 6, 2023 | City record · MLS | | 1B (Office) | 3 | — | $545,000 | — | November 2, 2022 | City record · MLS | | 9A (Apartment) | 5 | — | $8,250,000 | — | October 26, 2021 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable four-bedroom sales at 885 PARK Avenue is $7,000,000, based on 5 sales between February 2023 and July 2024. This home is asking $6,850,000, $150,000 below that median. The middle half of those sales closed between $6,650,000 and $7,100,000. - **Median closed price**: $7,000,000 - **Middle half**: $6,650,000 – $7,100,000 - **Based on**: 5 four-bedroom sales at 885 PARK Avenue - **Period**: February 2023 – July 2024 Square footage is recorded for only 1 of these 5 sales (20%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 5 of these sales with a published asking price, the median closed at 92.8% of what it originally asked. 80% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 92.8% of the original ask - **Closed below ask**: 80% of 5 sales - **Listed → in contract**: 119 days (about 17 weeks) - **In contract → closed**: 91 days (about 13 weeks) Across the 5 of these sales with a published asking price, the median closed at 92.8% of what it originally asked. 80% of them closed below the original ask. Half of these homes were in contract within 119 days (about 17 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 91 days (about 13 weeks), based on the 5 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 5 four-bedroom sales at 885 PARK Avenue, February 2023 – July 2024. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op four-bedroom sales in Lenox Hill, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $5,875,000 | 15 | | 2018 | $4,595,000 | 18 | | 2019 | $2,600,000 | 11 | | 2020 | $3,275,000 | 12 | | 2021 | $3,800,000 | 24 | | 2022 | $3,062,500 | 24 | | 2023 | $4,100,000 | 24 | | 2024 | $4,825,000 | 36 | | 2025 | $4,150,000 | 19 | | 2026 | $5,050,000 | 14 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Lenox Hill instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 885 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/885-park-avenue) ## Price and Property History for 885 PARK Avenue, Unit 12B Review the recorded listing activity for 885 PARK Avenue, Unit 12B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $400,000, or 5.5%, on February 12, 2026 - **Originally listed**: September 25, 2025 at $7,250,000 - **Entered contract**: July 17, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 17, 2026 | $6,850,000 | Entered contract | | February 12, 2026 | $6,850,000 | Returned to the market | | February 12, 2026 | $6,850,000 | Asking price reduced by $400,000, or 5.5% | | September 25, 2025 | $7,250,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 36 apartments. The corporation’s 2026 property tax bill was $2,422,861 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 885 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/885-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 885 PARK Avenue Lenox Hill · Stock Cooperative 885 PARK Avenue, New York, NY 10075 A building in Lenox Hill, currently featuring 1 active listing. - **Year Built**: 1927 - **Total Units**: 1 - **Floors**: 14 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/885-park-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [12B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/885-park-avenue-b-12B-ny-10075) | 4 | 4 | — | — | $6,850,000 (-5.5%) — In contract | Brown Harris Stevens Residential Sales LLC | Feb 12, 2026 | 213 days | ## Estimated Monthly Payment **$44,377 / month**, assuming a 20% down payment ($1,370,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $34,637 - **Common Charges**: $9,740 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## Lenox Hill Overview of Lenox Hill [Explore Lenox Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lenox Hill - [Inwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/inwood) ## Related Links - [885 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/885-park-avenue) - [Lenox Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.