1025 Park Ave
New York, NY 10028 (Upper East Side)
$578,378 Trulia Estimate

1025 Park Ave
New York, NY 10028

(Upper East Side)
  • 18,741 sqft
  • 6,450 sqft lot size
  • Coop
Off Market · Public Record
$578,378 Trulia Estimate
1025 Park Ave
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  • 1 Elementary School

    5 Middle Schools

    2 High Schools

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  • Low crime relative to the rest of New York county.

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  • 19% of residents commute by car.

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  • 968 Restaurants

    88 Grocery stores

    188 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Coop
  • Built in 1924
  • 6,450 sqft lot size
  • 18,741 sqft
Description

This property is no longer available to rent or buy. This description is from February 26, 2016
Douglas Elliman is exclusively offering the most important Park Avenue property to be made available in the modern history of New York real estate. The offering comprises ten (10) individual apartments that constitute the entire share-holding of the East Side Park Avenue Corporation: Reginald and Anna De Koven House at 1025 Park Avenue. One of the few remaining mansions on Park Avenue, this Jacobean style masterpiece designed by John Russell Pope in 1912 for the composer Reginald De Koven, was originally a 5 story home which has been split into the ten (10) separate residential co-operative units on offer, totaling slightly under 19,000 square feet. Exhibiting a 59 foot wide by 67 foot deep building and currently sitting on a 60 foot by 107.75 foot lot, the property proportions are amongst the grandest of any mansion on the serene Upper East Side, all while being optimally located on one of the World's most prestigious residential Avenue's. Unique elements and detail of the original structure such as the limestone faade with its carved stone lions, the Modern Greek portico entrance, as well as distinct hexagonal and windowed bays that maximize the western light and exposure onto Park Avenue, can all be attributed to the architectural pedigree, quality craftsmanship and meticulous upkeep of the structure. Original interior features and finishes in excellent condition, such as wood floor and paneling, moldings, stained glass windows, gilt work as well as 14 foot ceilings on the first floor and 19 feet on the second, provide quality and irreplaceable signature elements which can be incorporated by a contemporary architect adapting the ultimate in today's luxury with the best history has to offer. Spectacular panoramic views of Park Avenue from the top of the building afford the potential to add to the already extraordinary roof top garden and outdoor area, in addition to the very large existing garden (41 by 60 feet). Purchased by a syndicate of investors in 1945, the splendid mansion was converted into the ten (10) apartment, multifamily house that is still found today. As part of this separation, the grandiose ballroom on the second floor, with measurements nearing 60 feet long by 27 feet wide and incorporating the double height ceiling of the third floor (buffered by a baronial fireplace), was split into 4 separate apartments and two separate floors. Still large rooms by any standard, apartments 2A, 2B, 2C and 2D presented in this offering, account for this separation and continue to maximize the exquisite proportions that graced the original mansion home. The other rooms were sensitively reworked to form modest simplex and duplex apartments that retain significant character and by 1959, the building was turned into a co-operative. Some of these units still constitute a profitable and flexible income generating package of shares. The architect of 1025 Park Avenue was John Russell Pope who during the almost 40 years of his professional car

Price History
Date
Price
Event

10/05/2015
$65,000,000
Posting removed

05/15/2015
$65,000,000
Listed for sale

02/16/2013
$440,000
Posting removed

01/26/2013
$440,000
Listed for sale

12/15/2012
$440,000
Posting removed

08/24/2012
$440,000
Listed for sale

Property Taxes and Assessment
Year
2016
Tax
$215,564.80
Assessments
$1,672,082
Land
$634,379
Improvements
$1,037,703
Total
$1,672,082
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 10028
$5,870,669
Median Sale Price for 10028
$1,057,500
Average Sale price/sqft for 10028
$1,470/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
1.76
Condo
$1,820,000
11/20/17
-
-
1,139
1.41
Condo
$710,000
11/15/17
-
-
699
1.48
Condo
$795,000
11/15/17
-
-
548
1.68
Condo
$1,070,000
11/16/17
-
-
624
1.24
Condo
$595,000
11/14/17
-
-
405
1.2
Condo
$3,400,000
11/15/17
-
-
1,695
0.21
Condo
$3,325,000
11/14/17
-
-
1,621
1.48
Condo
$1,375,000
11/20/17
-
-
1,335
0.3
Condo
$720,000
11/22/17
-
-
698
0.52
Condo
$565,000
11/20/17
-
-
408

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