1045 PARK Avenue #10AB
About This Property
Encompassing the entire 10th floor, this extraordinary home is the result of a thoughtful combination of two apartments sprawling approximately 4,200 square feet with magnificently proportioned living space boasting 10-foot ceilings and light emanating from all four exposures. This gracious residence offers two wings with the utmost privacy and separation between the sleeping area and entertainment space while connecting 6 bedrooms, 6 bathrooms, a double-sized living room, a library, a formal dining room, an eat-in kitchen and a media room.
Enter through a private elevator landing that opens to a large gallery leading to the corner double-sized living room distinguished by a wood-burning fireplace and three oversized windows facing South over 86th Street and West over Park Avenue. The expansive 35-foot living room, perfect for large-scale entertainment and intimate gatherings, is flanked by the dining room and a library. The library has a full bathroom, built-in bookcases, and a wet bar. To the left of the living room, french doors reveal an elegant formal dining room perfect for hosting.
The exceptionally large chef's kitchen, beaming with light through two windows, features a breakfast area that sits eight. The kitchen offers an abundance of custom-built cabinetry, a six-burner Viking range and Subzero appliances, including three wine refrigerators and dual ovens.
The private bedroom wing is accessed through a hallway lined with bookshelves leading to six spacious bedrooms, three featuring Park Avenue views. The oversized primary bedroom features a wood-burning fireplace. Five of the bedrooms have en-suite bathrooms, three of which are windowed. A media/TV room sits at the center of this wing.
Built in 1923, 1045 Park Avenue is a coveted full-service boutique cooperative with only 27 apartments. It offers a 24-hour door attendant, resident manager, bike room and storage. It is conveniently located two blocks from Central Park, moments to Madison Avenue's shops, the Metropolitan Museum of Art, and the finest restaurants the Upper East Side offers. Pets are allowed, and 50% financing is permitted. Special assessment of $1,321 for capital improvements.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 14, 2024 | Relisted | $6,900,000 | |
Relisted | |||
Sep 8, 2024 | No longer available | - | |
No longer available | |||
Sep 6, 2024 | No longer available | - | |
No longer available | |||
Feb 28, 2024 | Price Decreased |
$6,900,000
↓ $600K
(8%)
|
|
Price Decreased | |||
Sep 28, 2023 | Listed by Corcoran Group | $7,500,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/15/2023
|
3 Bed
|
4 Bath
|
-
|
$5,500,000
3 Bed
4 Bath
|
$5,300,000
-3.64%
08/23/2023
|
Francine Crocker
Corcoran Group
|
||
03/21/2022
|
3 Bed
|
2 Bath
|
-
|
$2,400,000
3 Bed
2 Bath
|
$2,400,000
06/24/2022
|
Robyn Rock
Time Equities Inc
|
||
04/26/2021
|
3 Bed
|
2 Bath
|
1500 ft²
|
$2,100,000
3 Bed
2 Bath
1500 ft²
|
$1,850,000
-11.90%
02/10/2022
|
Barbara S Fox
Fox Residential Group Inc
|
||
01/19/2021
|
4 Bed
|
4 Bath
|
-
|
$5,495,000
4 Bed
4 Bath
|
$5,495,000
06/24/2021
|
-
|
Sabrina Saltiel
Prudential Douglas Elliman Real Estate
|
|
09/21/2017
|
2 Bed
|
3.5 Bath
|
-
|
$5,795,000
2 Bed
3.5 Bath
|
$5,250,000
-9.40%
06/18/2018
|
- Private -
|
Mary Rutherfurd
Brown Harris Stevens Residential Sales LLC
|
|
03/28/2017
|
2 Bed
|
2 Bath
|
-
|
$1,795,000
2 Bed
2 Bath
|
$1,795,000
06/28/2017
|
Bonnie Goldner
Brown Harris Stevens Residential Sales LLC
|
||
03/09/2017
|
3 Bed
|
3 Bath
|
1800 ft²
|
$2,650,000
3 Bed
3 Bath
1800 ft²
|
$2,600,000
-1.89%
07/31/2017
|
Jaar Sloane
Sloane Square LLC
|
||
01/23/2017
|
4 Bed
|
4 Bath
|
-
|
$7,200,000
4 Bed
4 Bath
|
$6,400,000
-11.11%
07/31/2017
|
Suzanne Bakst
Compass
|
||
01/03/2017
|
3 Bed
|
3 Bath
|
1800 ft²
|
-
3 Bed
3 Bath
1800 ft²
|
-
-
|
-
|
Lauren Starr
Compass
|
|
08/31/2015
|
5 Bed
|
5 Bath
|
3987 ft²
|
$10,000,000
5 Bed
5 Bath
3987 ft²
|
$8,800,000
-12.00%
10/13/2016
|
-
|
Ronita Kalra
Compass
|
|
04/21/2015
|
3 Bed
|
2.5 Bath
|
-
|
$3,195,000
3 Bed
2.5 Bath
|
$3,282,500
+2.74%
08/04/2015
|
Inez Wade
Stribling & Associates Ltd
|
||
09/22/2014
|
5 Bed
|
4 Bath
|
-
|
$12,500,000
5 Bed
4 Bath
|
$10,050,000
-19.60%
09/28/2015
|
-
|
Hilary Landis
The Corcoran Group
|
|
09/22/2014
|
5 Bed
|
5 Bath
|
-
|
$12,500,000
5 Bed
5 Bath
|
$10,050,000
-19.60%
07/31/2015
|
-
|
Toni Asch
Douglas Elliman Real Estate
|
|
05/20/2013
|
5 Bed
|
4.5 Bath
|
3987 ft²
|
$10,000,000
5 Bed
4.5 Bath
3987 ft²
|
-
-
|
-
|
Chaya Schwartz
Douglas Elliman Real Estate
|
|
03/28/2013
|
3 Bed
|
3 Bath
|
-
|
$4,199,000
3 Bed
3 Bath
|
$3,900,000
-7.12%
12/10/2013
|
Gwen Schultz
Kleier Residential Inc
|
||
01/07/2013
|
4 Bed
|
3.5 Bath
|
-
|
$5,175,000
4 Bed
3.5 Bath
|
$5,000,000
-3.38%
02/05/2021
|
-
|
Nancy Marshak
Brown Harris Stevens
|
|
10/02/2012
|
4 Bed
|
4 Bath
|
-
|
$360,000
4 Bed
4 Bath
|
-
-
|
-
|
Jeffrey Tanenbaum
Elliman
|
|
10/02/2012
|
Studio
|
-
|
-
|
$3,900,000
Studio
-
|
-
-
|
-
|
Jeffrey Tanenbaum
Elliman
|
|
11/02/2012
|
5 Bed
|
4.5 Bath
|
-
|
$10,000,000
5 Bed
4.5 Bath
|
-
-
|
-
|
Madeline Faber
Brown Harris Stevens Residential Sales LLC
|
|
09/20/2012
|
2 Bed
|
2 Bath
|
-
|
$1,650,000
2 Bed
2 Bath
|
-
08/27/2013
|
Daniela Kunen
Elliman
|
||
09/12/2012
|
3 Bed
|
2.5 Bath
|
-
|
$2,895,000
3 Bed
2.5 Bath
|
$2,895,000
02/05/2013
|
Inez Wade
Stribling & Associates Ltd
|