--- title: "1088 PARK Avenue #12A, New York City, NY 10128" description: "1088 PARK Avenue #12A, New York City, NY 10128 — Carnegie Hill, New York City, NY. Listing Price $5,695,000. In contract 7/21/2026. 4 bed, 4 bath Illustrative Buyer Commission Share of $85,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1088-park-avenue-a-12A-ny-10128" source: "Real Estate Rebate Team" status: "Pending" --- # 1088 PARK Avenue #12A, New York City, NY 10128 Carnegie Hill, New York City, NY Courtesy of Brown Harris Stevens Residential Sales LLC ## At a Glance - **Listing Price**: $5,695,000 - **Status**: In contract 7/21/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 4 - **Baths**: 4 - **Common Charges**: $7,961 / 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**: $5,695,000 - **Illustrative Buyer Commission Share**: -$85,425* - **Illustrative Net Cost**: $5,609,575 *Illustrative Buyer Savings of $85,425 — 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) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b2d422d8-c2e1-4697-95a7-129a3c73d93d.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bc792dd8-cc8f-4cac-96c9-83c17dee4b82.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dee49810-9e32-4336-b0d5-e56352d1f1e7.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f9be8548-0cc3-477a-b54b-cf15c5fd9b3b.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e6e79254-8203-4d6b-af1d-bc3ba82d3217.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e7817827-a69a-4b13-bcc4-29a7ecfc1481.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c236c24d-faad-4153-9789-cfe6a0e2d8e4.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3cffbeb-75de-4231-8ce9-543e214181c3.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ffb210e5-1dff-48a4-b7ee-f0be5f35d203.jpg) ![1088 PARK Avenue #12A, New York City, NY 10128 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8ddf7466-7ccd-4e28-aa22-81bca7cf44ed.jpg) ## Property Overview Turnkey High Floor Park Avenue Perfection Designed in 1927 by renowned architect Mott B. Schmidt, 1088 Park Avenue is among Carnegie Hill's most coveted full-service cooperatives. Perched on the entire 12th floor, Apartment 12A is a renovated eight-room residence (originally nine rooms) that offers rare full-floor privacy as well as exceptional light. This move-in-ready home combines classic architecture with contemporary finishes. A private elevator landing opens to an elegant gallery foyer, setting the tone for the large and gracious proportions found throughout this apartment. Oversized windows on ALL four exposures - north, south, east, and west - fill the residence with natural light from sunrise to sunset. Additionally, there are tranquil views over the building's recently renovated and landscaped historic private garden. The corner living room is centered around a wood-burning fireplace and framed by high ceilings and handsome herringbone floors. The adjacent formal dining room is ideal for both entertaining and everyday living. It is seamlessly connected to the heart of the home: a stunning custom eat-in kitchen. Recently renovated, the kitchen features richly veined Calacatta marble countertops and backsplash, bespoke cabinetry, a substantial center island, banquette seating, and premium appliances. Equal parts showpiece and workspace, it is as functional as it is beautiful. A butler's pantry and in-unit washer/dryer add further convenience. The private bedroom wing offers serenity and separation from the entertaining rooms. The primary suite is bright and peaceful, with excellent closet space including walk-ins and a beautifully appointed bath. Additional bedrooms are generously scaled and versatile, while a separate library/guest room and proper staff bedroom with bath provide rare flexibility for modern living, guests, office use, or service. Throughout the home, original prewar character has been thoughtfully preserved and elevated by bespoke millwork, designer lighting, custom built-ins, and a sophisticated decorative sensibility. Residents enjoy white-glove service from an exceptional long-tenured staff, 24-hour doormen, a live-in resident manager, two private fitness centers, bicycle storage, private storage, and Park Avenue's loveliest landscaped interior gardens. Ideally positioned moments from Central Park and Museum Mile, the building offers immediate access to the finest shopping, dining, and cultural institutions on the Upper East Side. 50% financing permitted 2% flip tax payable by purchaser Private storage transfers with the apartment ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Baths**: 4 - **Rooms**: 9 - **Stories**: 15 - **Year Built**: 1927 - **Common Charges**: $7,961 / Monthly - **Listed On**: Apr 21, 2026 - **Days on Market**: 145 Days ### Residence Features - In Unit - City ## Sales Evidence ### Recent closed sales 14 apartments at 1088 PARK Avenue have recorded sales since September 2021, the most recent for $3,100,000 in March 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 11E (Apartment) | 3 | — | $3,100,000 | — | March 31, 2026 | City record · MLS | | 5D (Apartment) | 4 | — | $4,825,000 | — | February 20, 2026 | MLS | | 12B (Apartment) | — | — | $2,500,000 | — | April 24, 2025 | City record | | PHE (Apartment) | 4 | — | $6,400,000 | — | April 3, 2025 | City record · MLS | | 15C (Apartment) | 2 | — | $2,300,000 | — | February 28, 2025 | City record · MLS | | 4B (Apartment) | 2 | — | $2,800,000 | — | April 8, 2024 | City record · MLS | | 2F (Apartment) | 3 | — | $3,350,000 | — | September 20, 2023 | City record · MLS | | 14G (Apartment) | — | — | $700,000 | — | August 30, 2023 | City record | | 3-C (Apartment) | 2 | 1,900 | $2,900,000 | $1,526/ft² | August 25, 2023 | City record · MLS | | 12B (Apartment) | — | — | $2,990,000 | — | October 26, 2022 | City record | | 12F (Apartment) | 3 | — | $4,450,000 | — | July 7, 2022 | City record · MLS | | 6E (Apartment) | 3 | — | $4,250,000 | — | April 11, 2022 | City record · MLS | | 14B (Apartment) | 2 | — | $2,915,000 | — | December 14, 2021 | City record · MLS | | 9E (Apartment) | 3 | — | $4,050,000 | — | November 4, 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 co-op four-bedroom sales in Carnegie Hill is $4,600,000, based on 22 sales between September 2024 and June 2026. This home is asking $5,695,000, $1,095,000 above that median. The middle half of those sales closed between $3,343,750 and $5,676,250. - **Median closed price**: $4,600,000 - **Middle half**: $3,343,750 – $5,676,250 - **Based on**: 22 co-op four-bedroom sales in Carnegie Hill - **Period**: September 2024 – June 2026 Square footage is recorded for only 6 of these 22 sales (27%), 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 21 of these sales with a published asking price, the median closed at 95.8% of what it originally asked. 71% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Carnegie Hill instead. ### How these sales were negotiated - **Sold vs original ask**: 95.8% of the original ask - **Closed below ask**: 71% of 21 sales - **Listed → in contract**: 44 days (about 6 weeks) - **In contract → closed**: 113 days (about 16 weeks) Across the 21 of these sales with a published asking price, the median closed at 95.8% of what it originally asked. 71% of them closed below the original ask. Half of these homes were in contract within 44 days (about 6 weeks) of coming to market, based on the 21 with a recorded listing date. Once a deal was agreed, closing took a further 113 days (about 16 weeks), based on the 21 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 22 co-op four-bedroom sales in Carnegie Hill, September 2024 – June 2026. 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 Carnegie Hill, 2017 to 2025. 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 | $5,332,500 | 12 | | 2019 | $4,995,000 | 13 | | 2021 | $4,637,500 | 14 | | 2022 | $4,150,000 | 12 | | 2024 | $3,400,000 | 10 | | 2025 | $5,160,454 | 17 | 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 Carnegie 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 1088 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1088-park-avenue) ## Price and Property History for 1088 PARK Avenue, Unit 12A Review the recorded listing activity for 1088 PARK Avenue, Unit 12A, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $255,000, or 4.3%, on June 12, 2026 - **Originally listed**: April 21, 2026 at $5,950,000 - **Entered contract**: July 21, 2026 - **Last sold (recorded)**: $5,250,000 on July 27, 2021 | Date | Price | Listing event | | --- | --- | --- | | July 21, 2026 | $5,695,000 | Entered contract | | June 12, 2026 | $5,695,000 | Asking price reduced by $255,000, or 4.3% | | May 18, 2026 | $5,695,000 | Returned to the market | | April 21, 2026 | $5,950,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC | | July 27, 2021 | $5,250,000 | Sold — recorded sale price | | April 3, 2021 | $5,500,000 | Entered contract | | January 30, 2021 | $5,500,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 87 apartments. The corporation’s 2026 property tax bill was $3,591,486 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 1088 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1088-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1088 PARK Avenue 1088 PARK Avenue, New York, NY 10128 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 1927 - **Total Units**: 2 - **Floors**: 15 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1088-park-avenue) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [12A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1088-park-avenue-a-12A-ny-10128) | 4 | 4 | — | — | $5,695,000 (-4.3%) — In contract | Brown Harris Stevens Residential Sales LLC | Apr 21, 2026 | 144 days | | [15A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1088-park-avenue-15a-ny-10128) | 4 | 4 | — | — | $5,500,000 — In contract | Brown Harris Stevens Residential Sales LLC | Mar 13, 2026 | 183 days | ## Estimated Monthly Payment **$36,758 / month**, assuming a 20% down payment ($1,139,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $28,797 - **Common Charges**: $7,961 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) ## Carnegie Hill Overview of Carnegie Hill [Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Carnegie Hill - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) - [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island) - [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) ## Related Links - [1088 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1088-park-avenue) - [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-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.