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In Contract

1088 Park Avenue, #PHE

$7,495,000 | 4 beds, 4 baths
Building Profile  | 
60 days on Market

Key Details

  • Listed: Oct 9, 2024
    Days on Market: 60
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 288 times
Monthly Maintenance: $8,419
Est. Monthly Mortgage: $24,531
Total Est. Monthly Carrying Cost: $32,950
Note: the above is based on a down payment of 50% ($3,747,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This duplex terraced penthouse is located in the highly sought-after Carnegie Hill neighborhood, within close proximity to numerous schools, museums, gourmet food stores, and public transportation.
  • Luxurious Living Space: The property boasts an expansive entertaining space with hardwood floors and a wood-burning fireplace, a windowed eat-in kitchen equipped with high-end appliances, and a grand curved staircase with a skylight.
  • Exceptional Bedroom and Bathroom Features: The penthouse includes 4 bedrooms and 4 bathrooms, with the primary suite offering two terraces (approximately 800 square feet) and breathtaking views.
  • Building Design and Amenities: The building, designed by renowned architect Mott B. Schmidt in 1927, features a grand entry lobby with double-height vaulted vestibules, an Italianate private courtyard and garden, resident storage, two newly renovated gyms, and private storage.
  • Superior Service: Residents can enjoy exceptional staff and service, including a concierge and full-time doorman.
  • Additional Features: The property also includes a semi-private elevator landing, high ceilings, abundant closet space, an in-unit washer/dryer, and is pet-friendly.

Description

Superb Duplex Terraced Penthouse on Park Avenue Perfectly situated on the 16th/17th floor of one of the most desirable prewar cooperatives in Carnegie Hill, this 4 bedroom/4 bathroom home offers unparalleled elegance and sophistication. Enter via a semi-private elevator landing into a gracious gallery. The entertaining space is expansive, perfect for both formal gatherings and casual living. The grand Living Room is adorned with beautiful hardwood floors and a wood-burning fireplace and features multiple seating areas.

It flows effortlessly into the Dining Room. The huge expanse is bathed in sunlight streaming from both the south and north. The impeccably appointed windowed Eat-in Kitchen features a 4-burner Viking gas range, additional Dacor oven, Sub-Zero refrigerator, and two Sub-Zero fridge drawers. Completing the downstairs is a Den, an additional Bedroom/Office, and a windowed full Bath. The beautiful grand curved staircase, illuminated by a magnificent skylight, leads to three spacious bedrooms on the upper level.

The Primary Suite boasts two glorious terraces (approximately 800 square feet), offering an oasis of tranquility and light, inviting you to unwind amidst breathtaking views. Additionally, there are two sun-flooded Bedrooms, both generously proportioned. Other features of this wonderful home include high ceilings, through-the-wall AC, washer/dryer, and an abundance of closet space throughout. 1088 Park Avenue is one of the most coveted and architecturally significant Prewar Cooperatives in Carnegie Hill. Designed in 1927 by the renowned architect Mott B. Schmidt, the building features a grand entry lobby with double-height vaulted vestibules opening onto the Italianate private courtyard and garden.

The exquisite garden is a welcome retreat from the busy city and offers lovely seasonal plantings, a large fountain, and variety of charming seating alcoves for residents to enjoy—a private park within the building. The building is known for its exceptional staff and service, which also includes bike storage, two newly renovated gyms, and private storage. 50% financing is allowed, there is a 2% flip tax paid by the purchaser, and pets are permitted. PLEASE NOTE PHOTOS OF THE TERRACE ARE VIRTUALLY STAGED.

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Apartment Amenities

  • City View
  • Washer/Dryer in apt.
  • Wood Burning Fireplace
Listing courtesy of Sothebys International Realty

Pricing History

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About 1088 Park Avenue

90

1088 Park Avenue has received a CityRealty Rating of 90, 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

29
Out of 44
+
30
Out of 36
+
21
Out of 39
+
10
=
90
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:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
Yes 1 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:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 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:
Yes 1 out of 1 points
Concierge:
Yes 1 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:
Some 1 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:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Garden
  • Health Club
  • Elevator
  • Fitness Center
  • Rooftop Terrace
  • Courtyard
  • Bike Room
  • Fireplaces

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Pros
  • Doorman
  • Near numerous schools and museums
  • Fairly close to public transportation
  • Good gourmet food stores nearby
  • Prime Carnegie Hill location
  • Fireplaces
  • Fitness center
  • Concierge
  • Grand entrance
  • Large- handsome- landscaped courtyard
  • Prime residential location
  • Close to Subway
Cons
  • No roof deck
  • Many apartments
  • No garage
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Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.18 miles

Aerial Imagery

 

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