The Cononado, 940 Park Avenue - Carnegie Hill
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The Coronado at 940 Park Avenue stands as one of Park Avenue's most delightful and distinctive buildings, designed by prolific architects George and Edward Blum in 1925. This 15 story Art Deco cooperative contains just 27 apartments, including two duplex penthouse units, creating an intimate and exclusive living environment. The building was originally developed by William G. Waters, who operated hospital equipment supply companies and lived in the building himself. Notably, architect Edward Blum loved his creation so much that he also resided there for many years after its construction.
What truly sets the Coronado apart are its whimsical and extraordinary decorative elements that earned it the nickname "Hansel and Gretel House" from New York Times architecture critic Christopher Gray. The building features charming wrought iron balconies on the 14th floor depicting children watering flowers, while above the side street entrance canopy, a graceful dancing lady in gilded wrought iron welcomes residents and visitors. The façade showcases warm variegated yellow orange and terra cotta tones, dramatic three sided "bucket" balconies, and an octagonal red rooftop water tank enclosure with tall arched windows.
Apartments in the building are notably spacious, with many featuring wood burning fireplaces, high beamed ceilings ranging from 9 to 10.8 feet, and generous room proportions typical of prewar construction. Common apartment features include formal dining rooms, eat-in kitchens, and abundant closet space. Several units have been extensively renovated with high end finishes including Sub Zero appliances, Wolf ranges, custom millwork, and marble bathrooms. The penthouse duplex spans 3,160 square feet with a wraparound terrace of 775 square feet offering open Manhattan views.
Located in the Park Avenue Historic District at the northwest corner of 81st Street, the Coronado offers full service living with a doorman and private storage for each apartment. The building permits pets but prohibits pied-à-terre purchases, requires a 2% flip tax paid by buyers, and allows financing up to 50% of the purchase price. Residents enjoy proximity to Central Park, the Metropolitan Museum of Art, Madison Avenue shopping, and PS 6.
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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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