Built in 1940 by Frank Morrell and designed by George F. Pelham Jr., 785 Park Avenue is a distinguished 20 story red brick co-op located on the northeast corner of Park Avenue and 73rd Street. The building houses 85 cooperative apartments and features a limestone base with a canopied entrance and consistent fenestration throughout. Notably, Jack F. Chrysler, son of the automobile manufacturer, initially leased one of the penthouses, establishing the building's early connection to prominent New York families.
The building offers comprehensive white glove service with a full time doorman, live-in superintendent, and recently renovated lobby. Residents enjoy access to a state-of-the-art fitness center, landscaped roof terrace with views of iconic Candela buildings across the avenue, private storage, and bike storage. The building maintains flexible policies, permitting pets, pied-à-terre ownership, and trusts on a case by case basis, with 50% financing allowed and a 2% flip tax paid by purchasers.
Apartments at 785 Park Avenue typically feature gracious layouts with gallery entrances, high beamed ceilings, decorative fireplaces, and windowed kitchens equipped with high end appliances including Sub-Zero refrigerators and Viking or Wolf ranges. Many units boast Park Avenue frontage with southern and western exposures, while upper floor apartments often include private terraces. The building's apartments range from one bedroom units to grand combinations exceeding 2,500 square feet, with several featuring in-unit laundry and central air conditioning.
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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.