--- title: "1220 PARK Avenue #5B, New York City, NY 10128" description: "1220 PARK Avenue #5B, New York City, NY 10128 — Carnegie Hill, New York City, NY. Listing Price $6,795,000. 4 bed, 4 bath Illustrative Buyer Commission Share of $101,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1220-park-avenue-5b-ny-10128" source: "Real Estate Rebate Team" dateModified: "2026-10-22T14:31:35.570Z" status: "Active" --- # 1220 PARK Avenue #5B, New York City, NY 10128 Carnegie Hill, New York City, NY Courtesy of Douglas Elliman Real Estate Last updated: October 22, 2026, 10:31 AM ## At a Glance - **Listing Price**: $6,795,000 - **Beds**: 4 - **Total Baths**: 4 - **Common Charges**: $9,430 / 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**: $6,795,000 - **Illustrative Buyer Commission Share**: -$101,925* - **Illustrative Net Cost**: $6,693,075 *Illustrative Buyer Savings of $101,925 — 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) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b474ad44-9148-48c2-b534-b6451518e3b2.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/79c13783-5558-4781-a64e-70afab0f22b6.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/25ba5394-1a3f-4576-aed2-dc6ab5ef3a33.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b4fe0c82-d0ab-45f7-acab-a5caa37eb58f.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/47110239-e0f0-4574-8ddf-24dab939f6dd.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f74cc1fb-804c-4191-9118-230c1011c19e.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2f82d81a-8678-411a-8b68-450c66d5b498.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8b3d18f2-93df-4eca-9457-0b7a50df6f40.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de399f3d-7c57-4ff8-b0b9-f0a96d259c99.jpg) ![1220 PARK Avenue #5B, New York City, NY 10128 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8b676ad1-01db-4b4b-ac2b-a8fc93f03a0a.jpg) ## Property Overview A masterpiece of classic pre-war architecture, this exceptional Carnegie Hill residence was designed by legendary architect Rosario Candela and meticulously renovated by renowned architect Alan Wanzenberg. Combining the timeless grandeur of Candela's celebrated proportions with sophisticated contemporary design and state-of-the-art technology, this remarkable home offers an extraordinary setting for both gracious entertaining and refined everyday living. A private marble landing opens to a magnificent 23-foot gallery, where original oak herringbone floors establish an immediate sense of elegance and architectural continuity. The gallery leads to an extraordinary 28-foot, southeast-facing living room, bathed in natural light from five oversized windows framing stunning views down Park Avenue and beyond. A wood-burning fireplace serves as a warm and inviting focal point, complementing the room's impressive scale and classic proportions. Designed for grand-scale entertaining, the spectacular 22-foot dining room comfortably accommodates multiple guests. A discreet butler's pantry connects the dining room to the kitchen and features dual Sub-Zero wine refrigerators with a combined capacity of 264 bottles, creating an exceptional setting for entertaining and collecting. Also in this area is a vented Miele washer and dryer, abundant storage, and a tasteful powder room that serves the entertaining spaces. The windowed eat-in kitchen is as beautiful as it is functional, appointed with custom cabinetry and wall paneling, exquisite Calacatta Gold marble countertops, Wolf double ovens, and a six-burner gas range with exterior ventilation. A 48-inch Sub-Zero refrigerator and Bosch dishwasher complete this beautifully considered culinary space. Facing south, the richly appointed library features elegant mahogany paneling and offers a sophisticated retreat for reading, working, or quiet conversation. With the flexibility to be converted into an additional bedroom, it provides a valuable dimension of versatility to the residence. The private bedroom wing is thoughtfully separated from the entertaining spaces, creating a serene sense of retreat. The south-facing primary suite is a sanctuary of comfort and refinement, featuring two walk-in closets, and a generously proportioned en-suite bathroom with a steam shower. A second south-facing bedroom offers a large walk-in closet and an en-suite windowed bathroom. Two additional bedrooms complete the wing, providing flexibility for guests or additional private living spaces. Modern comforts and advanced technology are discreetly integrated throughout, including multi-zone central heating and air conditioning with humidification, Crestron-controlled window treatments, Lutron lighting, thermally insulated windows with UV protection, an integrated alarm system, and museum-quality Nulux art lighting. A dedicated basement storage unit transfers with the sale. A rare offering that unites Rosario Candela's architectural legacy with Alan Wanzenberg's sophisticated vision, this distinguished Park Avenue residence embodies the enduring elegance of Carnegie Hill. With its exceptional proportions, extraordinary natural light, beautifully appointed interiors, and seamless balance of grand entertaining and private living, it represents a truly remarkable opportunity to own a timeless Manhattan home. ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Total Baths**: 4 - **Rooms**: 8 - **Stories**: 17 - **Year Built**: 1930 - **Common Charges**: $9,430 / Monthly - **Listed On**: Oct 22, 2026 - **Days on Market**: 1 Days ### Residence Features - Central Air - Building In Basement - In Unit - Washer Dryer Allowed - City ## Estimated Monthly Payment **$43,789 / month**, assuming a 20% down payment ($1,359,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $34,359 - **Common Charges**: $9,430 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 15 apartments at 1220 PARK Avenue have recorded sales since October 2021, the most recent for $3,800,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 8A (Apartment) | 3 | 3,000 | $3,800,000 | $1,267/ft² | June 18, 2026 | MLS | | SR-8 (Apartment) | — | — | $350,000 | — | June 2, 2026 | City record | | 6/7C (Apartment) | 4 | — | $5,250,000 | — | June 2, 2026 | MLS | | 9A (Apartment) | 3 | 3,200 | $5,495,000 | $1,717/ft² | October 1, 2025 | City record · MLS | | 7B (Apartment) | 5 | 4,000 | $8,495,000 | $2,124/ft² | August 18, 2025 | City record · MLS | | 13B (Apartment) | 5 | — | $8,950,138 | — | August 5, 2025 | City record · MLS | | 2A (Apartment) | 4 | 3,000 | $3,325,000 | $1,108/ft² | July 15, 2025 | City record · MLS | | 12D (Apartment) | — | — | $4,175,000 | — | July 2, 2025 | City record | | 16PHB (Apartment) | 6 | 6,000 | $13,000,000 | $2,167/ft² | March 20, 2025 | City record · MLS | | 11A (Apartment) | 5 | 3,200 | $4,900,000 | $1,531/ft² | August 8, 2024 | City record · MLS | | 9A (Apartment) | 3 | 3,200 | $5,247,500 | $1,640/ft² | May 10, 2023 | City record | | 15C (Apartment) | 5 | 4,200 | $8,500,000 | $2,024/ft² | January 19, 2023 | City record · MLS | | MAISB (Apartment) | 6 | — | $5,800,000 | — | October 4, 2022 | City record · MLS | | 1415A (Apartment) | 5 | — | $8,000,000 | — | June 13, 2022 | City record · MLS | | 7D (Apartment) | 4 | — | $3,450,000 | — | November 18, 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 - **This home**: $6,795,000 - **Median sold price**: $4,678,750 - **Difference**: +$2,116,250 (+45.2%) - **Comparable sales**: 23 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $3,450,000 – $5,617,500 Based on co-op four-bedroom sales in Carnegie Hill. Square footage is recorded for only 6 of these 23 sales (26%), 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. 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 - **Sale-to-list price**: 96% (22 sales) - **Sold below asking**: 73% (22 sales) - **Typical time to find a buyer**: 44 days (22 sales) - **Typical time to close**: 111 days (22 sales) Based on co-op four-bedroom sales in Carnegie Hill with the required listing and closing data. Sample sizes vary by metric. 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. ### Price trend Median sale price, co-op four-bedroom sales in Carnegie Hill | 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 | Based on recorded co-op four-bedroom sales in Carnegie Hill. Sales data through August 2026. 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 1220 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1220-park-avenue) ## Price and Property History for 1220 PARK Avenue, Unit 5B Review the recorded listing activity for 1220 PARK Avenue, Unit 5B, including asking-price changes and prior market dates. - **Last sold (recorded)**: $6,395,000 on June 27, 2019 | Date | Price | Listing event | | --- | --- | --- | | October 22, 2026 | $6,795,000 | Listed for sale by Douglas Elliman Real Estate | | June 27, 2019 | $6,395,000 | Sold — recorded sale price | | April 5, 2019 | $6,375,000 | Asking price reduced by $100,000, or 1.5% | | June 12, 2018 | $6,975,000 | 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 56 apartments. The corporation’s 2026 property tax bill was $3,318,768 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 1220 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1220-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1220 PARK Avenue Carnegie Hill · Stock Cooperative 1220 PARK Avenue, New York, NY 10128 A building in Carnegie Hill, currently featuring 2 active listings. - **Year Built**: 1930 - **Active Units**: 2 - **Floors**: 17 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1220-park-avenue) ### Available Residences — For Sale (3) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1220-park-avenue-5b-ny-10128) | 4 | 4 | — | — | $6,795,000 | Douglas Elliman Real Estate | Oct 22, 2026 | 1 days | | [12B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1220-park-avenue-12b-ny-10128) | 5 | 4 | — | — | $5,995,000 | Compass | Oct 5, 2026 | 18 days | | [13D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1220-park-avenue-d-13D-ny-10128) | 3 | 3 | — | — | $4,999,000 (-4.8%) — In contract | Corcoran Group | Oct 7, 2025 | 381 days | ## 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 - [1220 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1220-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.