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This 15-story apartment building at 1172 Park Avenue was erected in 1926 and converted to a cooperative in 1956. Developed by Michael E. Paterno and designed by Rosario Candela, it features 52 apartments and is located in the desirable Carnegie Hill neighborhood.
Located at the southwest corner of Park Avenue and 93rd Street, 1172 Park Avenue is a distinguished 15-story building designed by renowned architect Rosario Candela and developed by Michael E. Paterno in 1926. Originally constructed with 26 apartments, the building was converted to a cooperative in 1956 and now houses 52 residences. Its elegant light tan-brick façade features a rusticated limestone base and intricate architectural details, including decorative spouts adorned with lion and ram heads.
The building offers a range of amenities, including a doorman, a live-in superintendent, a gym, and storage facilities, while maintaining a pet-friendly policy. Notably, it lacks a garage and balconies, but residents enjoy the privacy and security of a full-service cooperative. The building permits up to 67% financing and has a 2% flip tax.
Residences in 1172 Park Avenue are characterized by their spacious layouts and classic pre-war details. Apartments often feature high ceilings, wood-burning fireplaces, and expansive living areas that are ideal for entertaining. For instance, the five-bedroom duplex apartment 6AC/5C boasts a 28-foot-long living room and a library, while the two-bedroom units typically include generous dining areas and well-appointed kitchens with high-end appliances. The building's historical significance is further highlighted by its past residents, including notable figures from New York's social elite.
Situated in the desirable Carnegie Hill neighborhood, 1172 Park Avenue is surrounded by cultural institutions, fine dining, and prestigious schools, making it a sought-after location for both families and professionals. The building's proximity to Central Park and various museums enhances its appeal, ensuring that residents enjoy a vibrant urban lifestyle.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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