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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.

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  1. Home
  2. New Developments
  3. New York City
  4. Manhattan
  5. 10028
  6. 1035 PARK Avenue #PH
Property thumbnail
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★ Sponsor Unit
✓ No Board Approval Required
Stock Cooperative•Upper East Side

1035 PARK Avenue #PH, New York City, NY 10028

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

$4,975,000

Potential Rebate: $74,625

Stock Cooperative
2 Beds
3 Baths
7 Rooms
Built 1926
15 Stories
Listed on Aug 27, 2025
121 days on market
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Overview

A true Park Avenue penthouse rarity, this full-floor penthouse is not only surrounded by over 2,000 square feet of a beautifully landscaped, 360-degree, wraparound terrace, but also offers a level of indoor-outdoor living and entertaining that is scarcely found in Manhattan. Add to that the peace of mind that comes from knowing the entire residence has been comprehensively rebuilt, including seven commercial-grade skylights and central A/C, and you begin to understand what makes this home truly one of a kind.<br> <br> With direct terrace access from every principal room and unobstructed exposures thanks to surrounding low-rise buildings, the home feels more like a private rooftop villa-yet with the timeless elegance of a Park Avenue prewar pedigree. Whether you're hosting a large, sunset cocktail party, a weekend brunch, or an intimate dinner under the stars, this penthouse was made for entertaining.<br> <br> As you enter from the direct access elevator, the foyer sets the tone: spacious yet welcoming, formally laid out yet intimate in feel, and featuring a rare oval skylight made possible only by the nearly complete rebuild of the building envelope.<br> <br> The oversized living room, the heart of the home, is anchored by a wood-burning fireplace and the second dramatic skylight. French doors open to the terrace, while a custom wet bar with a Sub-Zero wine cooler stands ready for quiet nights, celebratory toasts, and holiday parties.<br> <br> The formal dining room, bathed in natural light from its own, large oval skylight,, is incredibly versatile. Open the pocket doors to the kitchen and it becomes a bright, open, expansive family room perfect for everyday, indoor-outdoor living. Close them, and voil&agrave;-it's a formal dining space perfect for a dinner party.<br> <br> The chef's kitchen is both functional and impressive. Designed as a light-flooded, oversized gathering area to support both daily life and large-scale events, it features marble and stone countertops, custom cabinetry, double sinks, a Wolf 8-burner professional-grade stove with through-roof ventilation, and Sub-Zero refrigeration. A large skylight (number four) bathes the island in natural light. With direct, private access to the service elevator, it has seamlessly served as a staging area for countless social events and fundraisers over the years.<br> <br> Openly flowing with the kitchen, the media room offers a more casual escape, with a built-in workstation and under-counter Sub-Zero beverage fridge-perfect for game days, quiet mornings, or movie nights.<br> <br> A skylit hallway (skylight five) leads to the private wing, where two spacious bedroom suites each open directly to the terrace. The primary suite is a true retreat with French doors, abundant closet space, and a luxurious onyx-clad bathroom beneath yet another skylight (number six). The bathroom features radiant heated floors, a soaking tub, and a high-pressure rain shower. The second bedroom has its own marble en-suite bath, private terrace access, and a discreetly tucked-away washer/dryer with exterior venting.<br> <br> And don't worry-we didn't forget about skylight number seven, which nearly covers the entire ceiling of the powder room off the entry foyer. Yes, even the powder room has bragging rights.<br> <br> This penthouse underwent a multi-year, top-to-bottom gut renovation. The roof was reinforced with steel I-beams to support the skylights and column-free flow. The entire exterior envelope-insulation, stucco, gutters and drainpipes, sound-proof dual-paned windows, copper fixtures, lighting, pavers, custom balustrades, two-zone irrigation, and over 35 trees and flowering bushes -was rebuilt for both beauty and durability. Four commercial-grade water pressure pumps ensure consistent, strong flow throughout the home. Additional features include two zones of central air, a full sound system in all entertaining areas, and a private service entry.<br> <br> Built in 1926, 1035 Park Avenue is a white-glove cooperative with a full-time doorman, resident manager, fitness center, bike and laundry rooms, and private storage. Pet-friendly. 2% flip tax payable by purchaser. 50% financing permitted.

Home Features

  • •Washer Hookup
  • •In Unit
  • •Private Outdoor Space Over 60 Sqft
  • •Separate/Formal Dining Room
  • •Washer Dryer Allowed
  • •City
  • •Panoramic

Estimated Monthly Payment

$35,635 per month

30 year fixed, 6.28% Interest

Principal and Interest
$24,583
Property Taxes
$0
Maintenance/Common Charges
$11,052

Estimated Rebate for this Home

One-time rebate at closing

$74,625

Monthly savings impact

$207/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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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 #RLS20044710

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Price Analysis

Compare average listing prices and value metrics for 1035 PARK Avenue against the surrounding Upper East Side market.

Based on 1 active units in building vs 121 in area

Average List Price

Building$5.0M
Neighborhood$4.9M

Price Per SqFt

Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.

Premium Market

1.40% Higher

than the Upper East Side price average

This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Upper East Side.

Upper East Side

Upper East Side

Overview of Upper East Side

The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.

Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.

Real Estate & Housing Market

The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.

It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).

Lifestyle & Community

The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.

The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.

Transportation & Accessibility

The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.

The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.

Parks, Schools & Amenities

Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.

Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.

Who This Neighborhood Is Best For

The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.

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