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1035 Park Ave #Penthouse, New York, NY, 10028

2beds
3baths
0sqft
$4,350,000
--price/sqft
$25,743/moest. monthly cost
$1,029,720/yrincome needed

About This Home

Crowning 1035 Park Avenue, this full-floor Park Avenue penthouse unfolds onto expansive wraparound terraces from every principal room, creating a rare sense of light, privacy, and seamless indoor-outdoor living. Perched on a quiet corner in a prime Upper East Side location, this penthouse enjoys abundant sunlight and open views. This home was completely rebuilt, undergoing a structural and aesthetic reinvention. The scope of work was extensive and transformative, elevating nearly every aspect of the property with a focus on detail and quality. One of the most distinctive architectural features is the reinforced roof, allowing for seven commercial-grade skylights, filling the space with natural light and allowing for open, column-free entertaining. Significant additional capital improvements include new insulation, fresh stucco, custom copper detailing, curated exterior lighting, upgraded pavers, and refined balustrades, all contributing to the home's rare level of finish, functionality, and enduring value. A private elevator opens directly into a skylit foyer, where French doors lead effortlessly onto the terrace. The natural flow of the living spaces supports both comfortable everyday living and large-scale hosting. The sun-flooded living room, centered around a wood-burning fireplace, is both warm and expansive, with seamless access outdoors and a discreet wet bar with Sub-Zero wine storage. The formal dining room sits just beyond, connecting to a chef's kitchen with custom cabinetry, stone and marble surfaces, an oversized skylit island, and top-tier appliances including an 8-burner range and Sub-Zero refrigerator. An adjoining media room and separate service entrance add convenience and flexibility. The private bedroom wing offers two tranquil bedroom suites, each with direct terrace access. The primary suite features a walk-in closet and a skylit onyx bathroom with a soaking tub, rain shower, and radiant heated floors. An elegant powder room, central air conditioning, vented washer/dryer, and integrated sound system complete this exceptional residence. Built in 1926, 1035 Park Avenue is a distinguished full-service cooperative offering a full-time doorman, live-in resident manager, fitness center, bike room, laundry, and private storage. The building is pet-friendly, with 50% financing permitted and a 2% flip tax payable by the purchaser. Select images have been virtually staged to showcase the extraordinary possibilities of this elegant Park Avenue penthouse. The residence's architecture remains entirely unchanged; only decorative elements such as paint, furnishings, and window treatments have been added, demonstrating how effortlessly a refined and sophisticated look can be realized. The maintenance includes basic cable, and there is an assessment of $622.61/month (no expiration at this time).

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
81
BikeVery Bikeable

Schools

8/10
Ps 6 Lillie D BlakeGrades PK-50.2 mi
8/10
Jhs 167 Robert F WagnerGrades 6-80.6 mi

Construction

Condition

  • Year built: 1926

Type & Style

  • Home type: Cooperative
  • Property subType: Coop

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Interior Area

  • Total structure area: 0

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Deck
  • Exterior features: Private Roof Deck
  • 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 WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
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 $21,995$263,940
Home Insurance *$929$11,148
Property Taxes $2,573$30,876
Electricity $246$2,954
Total$25,743$308,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$882,617/yr
40% on housing$772,290/yr
45% on housing$686,480/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 10028$1,822
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10028$2,311
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
2026-05-12Contingent$4,495,000
2026-04-29Price change$4,495,000
2026-03-18Listed for sale$4,750,000
2026-02-15Listing removed$4,750,000
2026-01-28Price change$4,750,000
2025-12-15Price change$4,975,000
2025-11-22Price change$5,050,000
2025-10-29Price change$5,450,000
2025-10-10Price change$5,950,000
2025-09-08Price change$6,150,000
2025-06-27Price change$6,450,000
2025-06-06Price change$6,900,000
2025-05-22Price change$7,200,000
2025-05-14Price change$7,900,000
2025-04-24Listed for sale$8,850,000

For Sale by Agent

AgentKurtis Giehl
BrokerageCorcoran

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