




785 Park Ave APT 17BC, New York, NY, 10021
About This Home
A minimalist masterpiece by Michael Gabellini, this exceptional Park Avenue residence is a study in serenity, scale, and refined craftsmanship. Bathed in natural light from four exposures, the home unfolds as a calm, beautifully proportioned living space where clean lines and a curated palette create an atmosphere that is both modern and timeless. Spanning approximately 3,500 square feet across six well-balanced rooms, the layout flows seamlessly, with open living and dining spaces designed for both relaxed daily living and elegant entertaining. Subtle custom finishes and thoughtfully integrated details enhance the sense of quiet luxury throughout. French plaster walls and ceilings, paired with continuous honed limestone flooring, establish a quiet, luminous backdrop. Designed with an art collector in mind, the residence incorporates floating walls, gallery lighting, and carefully considered sightlines for both intimate living and curated display. What truly sets this home apart is its extraordinary connection to the outdoors. Nearly 1,700 square feet of private terraces wrap the residence, creating a seamless extension of the interior living space. These expansive terraces—framed by open exposures to the south, west, and east—offer breathtaking views over Park Avenue, glimpses of Central Park, and the iconic Rosario Candela. Whether for morning coffee, quiet afternoons, or evening entertaining, they transform the home into a rare and elevated retreat in the sky. The dramatic living room, grand in scale and facing west over Park Avenue, opens onto two beautifully matched terraces. Adjacent, an open library—defined by bespoke glass and steel rolling doors—connects to a serene guest suite with a luminous ensuite bath featuring translucent glass walls. The library flows into a well-proportioned dining room designed for elegant entertaining, and a sleek stainless-steel kitchen. Beyond, a private office with a Murphy bed and full bath offers flexibility for guests or additional workspace. The primary suite with two custom dressing closets and a serene, spa-like bath with hand-carved marble sinks and softly glowing translucent glass walls. Minimalist in design yet warm in feeling, this residence is a true retreat—an elevated, light—filled oasis in one of Park Avenue’s most coveted address. Triple-paned windows ensure exceptional quiet throughout, enhancing the residence’s sense of calm. Every detail—material, proportion, and light—has been thoughtfully considered, resulting in a home that is as sophisticated as it is livable. Located at 785 Park Avenue, a distinguished prewar cooperative on the Upper East Side, residents enjoy impeccable service, a private fitness center, individual storage, a beautifully landscaped roof garden and a newly renovated Art Deco-inspired lobby. Offered in impeccable condition, this architecturally significant residence is a rare opportunity to own a true Park Avenue sanctuary—where design, materials, and expansive terraces come together in perfect harmony. 50% Financing Permitted; 2% Flip Tax paid by buyer; Pets are welcome. Co-exclusive.
Getting Around
Schools
Construction
Condition
- Year built: 1940
Type & Style
- Home type: Cooperative
- Property subType: Coop
Interior
Appliances
- Appliances included: Dishwasher,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Cooling features: Central Air
Interior Area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Details
- Parcel number: 01408000117BC
- Special condition: Resale
Features
- Patio & porch: Terrace
- Exterior features: Terrace
- Has view: Yes
- View description: City,Skyline
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Hurricane
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $45,256 | $543,072 |
| Home Insurance * | $1,269 | $15,228 |
| Property Taxes | $5,295 | $63,540 |
| Electricity | $578 | $6,940 |
| Total | $52,398 | $628,776 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-03 | Price change | $8,950,000 |
| 2024-10-18 | Price change | $9,950,000 |
| 2024-05-28 | Price change | $11,500,000 |
| 2024-02-05 | Listed for sale | $13,500,000 |
