1060 PARK Avenue #PHB, New York City, NY 10128
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$995,000
Potential Rebate: $14,925
Overview
Apt requires a FULL RENOVATION:<br> <br> PLEASE NOTE: Monday to Thursday 10-4pm showings BY APPT ONLY.<br> <br> The passenger elevator does not go up to the Penthouse level. One must ascend a flight of stairs to reach the front door of Penthouse B.<br> <br> Penthouse B has incredible bones with a spacious one bedroom layout, one and half bathrooms, featuring a 23-foot living room with a wood-burning fireplace. <br> The apartment enjoys access to the expansive wrap terrace that spans north, south, east, and west-offering cityscape views, Park Avenue frontage, and long views toward Central Park and the Reservoir. The shared outdoor space connects seamlessly with PHA, allowing for cohesive living and flexible use. PHB requires a full gut-renovation. Washer/dryer allowed with board approval.<br> <br> Penthouse B may be purchased separately or in combination with PHA.<br> Note: The two apartments do not combine on the interiors. They can share exterior terrace access between each other, but there is NO possibility of an interior combination. Ideal for a generational living arrangement. <br> <br> Designed by renowned architect J.E.R. Carpenter, 1060 Park Avenue is a highly regarded prewar cooperative located on the northwest corner<br> of 87th Street. Built in 1924, this elegant 14-story building features a red brick facade with a limestone base and a sophisticated marble lobby. Amenities include 24 hour doorman, live-in resident manager, private storage rooms (waitlist), and bike room. There is a flip tax of 2.5% of gross sale price. Pied-a-terre allowed. 50% financing allowed. Pet-friendly. <br> <br> <br>
Home Features
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Under 60 Sqft
- •Separate/Formal Dining Room
- •Washer Dryer Allowed
- •City
- •Panoramic
Estimated Monthly Payment
$8,171 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$14,925
Monthly savings impact
$41/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Data Source: TRESTLE #RLS20053514
Price Analysis
Compare average listing prices and value metrics for 1060 Owners, Inc. against the surrounding Carnegie Hill market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
73.06% Lower
than the Carnegie Hill price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Carnegie Hill
Overview of Carnegie Hill
Carnegie Hill is one of the most prestigious and charming sections of the Upper East Side, spanning from 86th to 96th Streets between Fifth Avenue and Third Avenue. Named after Andrew Carnegie's mansion, it is known for its village-like atmosphere and stunning architecture. For buyers seeking Carnegie Hill Manhattan real estate, it offers a quieter, more family-oriented version of uptown luxury.
Living in Carnegie Hill, Manhattan feels like stepping back in time. The neighborhood is preserved by strict historic district zoning, keeping the tree-lined streets sunny and low-rise. As a family-favorite Manhattan NYC neighborhood, it is defined by its proximity to Central Park, elite private schools, and Museum Mile.
Real Estate & Housing Market
The market for homes for sale in Carnegie Hill is famous for its large, pre-war cooperative apartments. Buildings along Fifth and Park Avenues are among the most exclusive in the city. However, the side streets offer beautiful brownstones and townhouses that are highly coveted.
Inventory here is often geared towards families, with "classic six" and "classic seven" layouts common. It is a stable, high-value market. Co-ops generally have strict board requirements, maintaining the neighborhood's private and settled character.
Lifestyle & Community
The lifestyle in Carnegie Hill is refined yet relaxed. It lacks the commercial bustle of the lower 80s or 70s. Instead, residents enjoy boutique shopping on Madison Avenue (like Bonpoint and Jacadi) and brunch at local favorites like Sarabeth's.
The community is tight-knit, often centered around the local schools and the park. It is perhaps the most "neighborhoody" part of the Upper East Side. You will see neighbors chatting on corners, nannies in the park, and a generally slower pace of life.
Transportation & Accessibility
Carnegie Hill is served by the 4, 5, 6 trains at 86th and 96th Streets, providing distinct express connectivity to Wall Street and Grand Central. The Q train on Second Avenue has also opened up the eastern side of the neighborhood.
The M1, M2, M3, and M4 buses on Fifth and Madison Avenues offer scenic north-south travel along the park. While it feels removed from the chaos, the commute to Midtown is efficient.
Parks, Schools & Amenities
Central Park is the neighborhood's backyard. Residents have easy access to the Reservoir, the tennis courts, and the Guggenheim Museum. The neighborhood is also home to the 92nd Street Y, a major cultural and community center.
Schools are a primary draw. The concentration of top-tier private schools (like Dalton, Spence, and Sacred Heart) is higher here than almost anywhere else. It is an area built for raising families in the city.
Who This Neighborhood Is Best For
Carnegie Hill is best for affluent families, lovers of pre-war architecture, and cultural enthusiasts who want to live on Museum Mile. It is ideal for those who prioritize quiet streets, good schools, and proximity to the park.
