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785 Park Ave APT 17BC, New York, NY, 10021

2beds
3baths
3,500sqft
$8,950,000
$2,557price/sqft
$52,398/moest. monthly cost
$2,095,920/yrincome needed

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

98
WalkingWalker's Paradise
100
TransitRider's Paradise
80
BikeVery Bikeable

Schools

10/10
Ps 6 Lillie D BlakeGrades PK-50.4 mi
8/10
Jhs 167 Robert F WagnerGrades 6-80.3 mi

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
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Earthquake
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

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

MonthlyAnnual
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
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,796,502/yr
40% on housing$1,571,940/yr
45% on housing$1,397,280/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,557This listing

vs Other Active Listings

Avg $/sqft

ZIP 10021$3,136
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10021$1,696
New York County$1,203

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

DateEventPrice
2025-11-03Price change$8,950,000
2024-10-18Price change$9,950,000
2024-05-28Price change$11,500,000
2024-02-05Listed for sale$13,500,000

For Sale by Agent

AgentMichael Lorber
BrokerageDouglas Elliman

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