---
title: "785 Park Avenue #17BC, New York City, NY 10021"
description: "785 Park Avenue #17BC, New York City, NY 10021 — Upper East Side, New York City, NY. Listing Price $8,950,000. 2 bed, 3 bath Illustrative Buyer Commission Share of $134,250 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10021/785-park-avenue-bc-17BC-ny-10021"
source: "Real Estate Rebate Team"
status: "Active"
---

# 785 Park Avenue #17BC, New York City, NY 10021

Upper East Side, New York City, NY

**New Development · Sponsor Residence**

Courtesy of Sothebys International Realty

## At a Glance

- **Listing Price**: $8,950,000
- **Beds**: 2
- **Baths**: 3
- **Common Charges**: $13,484 / 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**: $8,950,000
- **Illustrative Buyer Commission Share**: -$134,250*
- **Illustrative Net Cost**: $8,815,750

*Illustrative Buyer Savings of $134,250 — 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)

![785 Park Avenue #17BC, New York City, NY 10021 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7f447c38-50fc-456d-9a1e-e1c6bad57850.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f63da006-0f26-4a95-ae4b-e2f16960f08e.jpg)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b51870b8-7a3e-4311-be7b-8c992deb5954.jpg)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bd704faf-83b5-4759-b00c-6a6081af885b.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3424bc14-615f-48f9-beb8-658c8b3c6b50.jpg)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f45e2e98-923f-462e-977a-7ffdb5526827.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/646a5487-1b5c-4346-8124-3ab4e3c1ff10.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dbbae47d-aea0-4f1f-bb46-dfd270d8dc7e.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6e89402-cd2a-4fda-a890-1befecd0bacb.png)
![785 Park Avenue #17BC, New York City, NY 10021 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8b1e96bf-e01e-4294-aeb6-e2444f073ae1.png)

## Property Overview

A minimalist masterpiece by Michael Gabellini, this exceptional Park Avenue residence is a study in serenity, scale, and refined craftsmanship. Bathed in natural light from four exposures, the home unfolds as a calm, beautifully proportioned living space where clean lines and a curated palette create an atmosphere that is both modern and timeless.

Spanning approximately 3,500 square feet across six well-balanced rooms, the layout flows seamlessly, with open living and dining spaces designed for both relaxed daily living and elegant entertaining. Subtle custom finishes and thoughtfully integrated details enhance the sense of quiet luxury throughout. French plaster walls and ceilings, paired with continuous honed limestone flooring, establish a quiet, luminous backdrop. Designed with an art collector in mind, the residence incorporates floating walls, gallery lighting, and carefully considered sightlines for both intimate living and curated display.

What truly sets this home apart is its extraordinary connection to the outdoors. Nearly 1,700 square feet of private terraces wrap the residence, creating a seamless extension of the interior living space. These expansive terraces—framed by open exposures to the south, west, and east—offer breathtaking views over Park Avenue, glimpses of Central Park, and the iconic Rosario Candela. Whether for morning coffee, quiet afternoons, or evening entertaining, they transform the home into a rare and elevated retreat in the sky.

The dramatic living room, grand in scale and facing west over Park Avenue, opens onto two beautifully matched terraces. Adjacent, an open library—defined by bespoke glass and steel rolling doors—connects to a serene guest suite with a luminous ensuite bath featuring translucent glass walls.

The library flows into a well-proportioned dining room designed for elegant entertaining, and a sleek stainless-steel kitchen. Beyond, a private office with a Murphy bed and full bath offers flexibility for guests or additional workspace.

The primary suite with two custom dressing closets and a serene, spa-like bath with hand-carved marble sinks and softly glowing translucent glass walls. Minimalist in design yet warm in feeling, this residence is a true retreat—an elevated, light—filled oasis in one of Park Avenue’s most coveted address.

Triple-paned windows ensure exceptional quiet throughout, enhancing the residence’s sense of calm. Every detail—material, proportion, and light—has been thoughtfully considered, resulting in a home that is as sophisticated as it is livable.

Located at 785 Park Avenue, a distinguished prewar cooperative on the Upper East Side, residents enjoy impeccable service, a private fitness center, individual storage, a beautifully landscaped roof garden and a newly renovated Art Deco-inspired lobby.

Offered in impeccable condition, this architecturally significant residence is a rare opportunity to own a true Park Avenue sanctuary—where design, materials, and expansive terraces come together in perfect harmony.

50% Financing Permitted; 2% Flip Tax paid by buyer; Pets are welcome. Co-exclusive.

## Property Details

- **Property Type**: Co-op
- **Beds**: 2
- **Baths**: 3
- **Rooms**: 7
- **Stories**: 20
- **Year Built**: 1939
- **Common Charges**: $13,484 / Monthly
- **Listed On**: Jun 15, 2026
- **Days on Market**: 87 Days

### Residence Features

- Common Area
- Laundry Room
- Private Outdoor Space Over 60 Sqft
- Dishwasher
- City

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## Sales Evidence

### Recent closed sales

21 apartments at 785 PARK Avenue have recorded sales since September 2021, the most recent for $1,775,000 in July 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [4D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/785-park-avenue-d-4D-ny-10021) (Apartment) | 2 | 925 | $1,775,000 | $1,919/ft² | July 31, 2026 | MLS |
| 8B (Apartment) | — | — | $606,667 | — | June 2, 2026 | City record |
| 1D (Apartment) | 2 | — | $285,000 | — | May 5, 2026 | City record · MLS |
| 13DE (Apartment) | 3 | — | $4,750,000 | — | February 2, 2026 | MLS |
| 12AE (Apartment) | — | — | $4,750,000 | — | January 30, 2026 | City record |
| 12DE (Apartment) | 3 | 2,500 | $2,000,000 | $800/ft² | October 24, 2025 | City record · MLS |
| 7E (Apartment) | 2 | — | $2,787,500 | — | July 8, 2025 | City record · MLS |
| 4A (Apartment) | 2 | — | $1,895,000 | — | June 9, 2025 | City record · MLS |
| 16-E (Apartment) | 2 | — | $1,750,000 | — | April 16, 2025 | City record · MLS |
| 14A (Apartment) | 2 | 1,500 | $2,180,000 | $1,453/ft² | December 16, 2024 | City record · MLS |
| 19B (Apartment) | 3 | — | $400,000 | — | October 30, 2024 | MLS |
| 4C (Apartment) | 2 | — | $1,310,000 | — | October 7, 2024 | City record · MLS |
| 11E (Apartment) | 2 | — | $2,250,000 | — | August 20, 2024 | City record · MLS |
| 4D (Apartment) | 1 | — | $1,100,000 | — | July 26, 2023 | City record · MLS |
| 17A (Apartment) | 2 | — | $2,100,000 | — | June 6, 2023 | City record · MLS |
| 9-A (Apartment) | 2 | — | $2,275,000 | — | May 22, 2023 | City record · MLS |
| 15B (Apartment) | 1 | — | $1,125,000 | — | June 17, 2022 | City record · MLS |
| 3D (Apartment) | 1 | 900 | $1,150,515 | $1,278/ft² | May 24, 2022 | City record · MLS |
| 7E (Apartment) | 2 | 1,650 | $1,675,000 | $1,015/ft² | April 1, 2022 | City record · MLS |
| 10E (Apartment) | 2 | — | $1,500,000 | — | March 17, 2022 | City record · MLS |
| 2C (Apartment) | — | — | $1,425,000 | — | October 14, 2021 | City record |

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 two-bedroom sales at 785 PARK Avenue is $1,895,000, based on 11 sales between March 2022 and May 2026. This home is asking $8,950,000, $7,055,000 above that median. The middle half of those sales closed between $1,587,500 and $2,215,000.

- **Median closed price**: $1,895,000
- **Middle half**: $1,587,500 – $2,215,000
- **Based on**: 11 two-bedroom sales at 785 PARK Avenue
- **Period**: March 2022 – May 2026

Square footage is recorded for only 2 of these 11 sales (18%), 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 10 of these sales with a published asking price, the median closed at 92.5% of what it originally asked. 70% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 92.5% of the original ask
- **Closed below ask**: 70% of 10 sales
- **Listed → in contract**: 209 days (about 30 weeks)
- **In contract → closed**: 68 days (about 10 weeks)

Across the 10 of these sales with a published asking price, the median closed at 92.5% of what it originally asked. 70% of them closed below the original ask.

Half of these homes were in contract within 209 days (about 30 weeks) of coming to market, based on the 9 with a recorded listing date.

Once a deal was agreed, closing took a further 68 days (about 10 weeks), based on the 9 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 11 two-bedroom sales at 785 PARK Avenue, March 2022 – May 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 two-bedroom sales in Upper East Side, 2016 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 |
| --- | --- | --- |
| 2016 | $1,225,000 | 25 |
| 2017 | $1,299,500 | 88 |
| 2018 | $1,340,000 | 79 |
| 2019 | $1,300,000 | 75 |
| 2020 | $1,299,000 | 41 |
| 2021 | $1,275,000 | 141 |
| 2022 | $1,374,250 | 120 |
| 2023 | $1,300,000 | 99 |
| 2024 | $1,270,000 | 99 |
| 2025 | $1,350,000 | 99 |
| 2026 | $1,417,500 | 54 |

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 Upper East Side 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 785 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/785-park-avenue)

## Price and Property History for 785 Park Avenue, Unit 17BC

Review the recorded listing activity for 785 Park Avenue, Unit 17BC, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| June 15, 2026 | $8,950,000 | Listed for sale by Douglas Elliman Real Estate |
| June 15, 2026 | $8,950,000 | Listed for sale by Sothebys International Realty |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 80 apartments. The corporation’s 2026 property tax bill was $2,795,548 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 785 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/785-park-avenue)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 785 PARK Avenue

Lenox Hill · Stock Cooperative

785 PARK Avenue, New York, NY 10021

A building in Lenox Hill, currently featuring 4 active listings.

- **Year Built**: 1940
- **Total Units**: 4
- **Floors**: 20

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/785-park-avenue)

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [17BC](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10021/785-park-avenue-bc-17BC-ny-10021) | 2 | 3 | — | — | $8,950,000 | Sothebys International Realty | Jun 15, 2026 | 87 days |
| [7D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/785-park-avenue-d-7D-ny-10021) | 1 | 2 | — | — | $1,150,000 (+2.2%) — In contract | Brown Harris Stevens Residential Sales LLC | Jul 17, 2025 | 420 days |
| [4D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/785-park-avenue-d-4D-ny-10021) | 2 | 2 | 925 sqft | $1,919 | $1,775,000 (+1.4%) | Serhant | May 7, 2026 | 126 days |
| [17BC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/785-park-avenue-17bc-ny-10021) | 2 | 3 | — | — | $8,950,000 | Douglas Elliman Real Estate | Jun 15, 2026 | 87 days |

## Estimated Monthly Payment

**$58,740 / month**, assuming a 20% down payment ($1,790,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $45,256
- **Common Charges**: $13,484

Estimates only. Actual payments may vary. Confirm terms with your lender.

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## Upper East Side

Overview of Upper East Side

[Explore Upper East Side](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Upper East Side

- [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

- [785 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/785-park-avenue)
- [Upper East Side neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side)
- [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.