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1025 Park Avenue, #TOWNHOUSE

Listing no longer available on CityRealty as of May 15, 2015

Pricing History

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Key Details

  • Listed: Jun 4, 2014
    Days on Market: 0
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Listing viewed 250 times
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $352,618
Note: the above is based on a down payment of 20% ($13,000,000), which is the minimum amount permitted by the building.

Description

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 façade 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 career designed a multitude of prestigious buildings and structures in a wide variety and style, including: The Jefferson Memorial, The National Archives Building, The National Gallery of Art, as well as the layouts for Yale, Dartmouth and Johns Hopkins University.

The opportunity to own a property as magnificent as 1025 Park Avenue is almost as rare as the property itself. Ready to be customized by the architect or designer of your choice, this significant address offers unparalleled excellence in every way, shape and form.

Brochure available on request.

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About 1025 Park Avenue

69

1025 Park Avenue has received a CityRealty Rating of 69, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

20
Out of 44
+
23
Out of 36
+
17
Out of 39
+
9
=
69
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Individual Designation 2 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
Some Noise 1 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
Some Noise 0 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Very Attractive 3 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Pre War
  • Elevator
  • Landmarked

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