Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1220 PARK Avenue #5B

For Sale · Listing by Douglas Elliman Real Estate

1220 PARK Avenue #5B

Carnegie Hill, Manhattan

$6,795,000

Interested in this property?
Active For Sale • Co-op

$6,795,000

1220 PARK Avenue #5B

Carnegie Hill, Manhattan

MLS® #RLS20122168

RLS at REBNY

Listing by Douglas Elliman Real Estate

4
Bedrooms
3.5
Baths
N/A
Sq. Ft.
1930
Year Built

Quick Summary

Bedrooms 4
Bathrooms 4 full, 1 half
Year Built 1930
Ownership Co-op
Maintenance $9,430/mo
Neighborhood Carnegie Hill
Floor 5 of 17

Property Highlights

  • Views: City
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 8
Baths 3 Full, 1 Half
Floor 5 of 17
View City
Cooling Central Air
Pets Yes
Year Built 1930
Structure Type HighRise
Basement Other
Parcel # 1507-0033-01220-000-000005B
Block/Lot 01507/0033

Listing History

Event Date Price Change
Listed Oct 22, 2026 $6,795,000 -
Currently Oct 22, 2026 $6,795,000 -

Description

A masterpiece of classic pre-war architecture, this exceptional Carnegie Hill residence was designed by legendary architect Rosario Candela and meticulously renovated by renowned architect Alan Wanzenberg. Combining the timeless grandeur of Candela's celebrated proportions with sophisticated contemporary design and state-of-the-art technology, this remarkable home offers an extraordinary setting for both gracious entertaining and refined everyday living. A private marble landing opens to a magnificent 23-foot gallery, where original oak herringbone floors establish an immediate sense of elegance and architectural continuity. The gallery leads to an extraordinary 28-foot, southeast-facing living room, bathed in natural light from five oversized windows framing stunning views down Park Avenue and beyond. A wood-burning fireplace serves as a warm and inviting focal point, complementing the room's impressive scale and classic proportions. Designed for grand-scale entertaining, the spectacular 22-foot dining room comfortably accommodates multiple guests. A discreet butler's pantry connects the dining room to the kitchen and features dual Sub-Zero wine refrigerators with a combined capacity of 264 bottles, creating an exceptional setting for entertaining and collecting. Also in this area is a vented Miele washer and dryer, abundant storage, and a tasteful powder room that serves the entertaining spaces. The windowed eat-in kitchen is as beautiful as it is functional, appointed with custom cabinetry and wall paneling, exquisite Calacatta Gold marble countertops, Wolf double ovens, and a six-burner gas range with exterior ventilation. A 48-inch Sub-Zero refrigerator and Bosch dishwasher complete this beautifully considered culinary space. Facing south, the richly appointed library features elegant mahogany paneling and offers a sophisticated retreat for reading, working, or quiet conversation. With the flexibility to be converted into an additional bedroom, it provides a valuable dimension of versatility to the residence. The private bedroom wing is thoughtfully separated from the entertaining spaces, creating a serene sense of retreat. The south-facing primary suite is a sanctuary of comfort and refinement, featuring two walk-in closets, and a generously proportioned en-suite bathroom with a steam shower. A second south-facing bedroom offers a large walk-in closet and an en-suite windowed bathroom. Two additional bedrooms complete the wing, providing flexibility for guests or additional private living spaces. Modern comforts and advanced technology are discreetly integrated throughout, including multi-zone central heating and air conditioning with humidification, Crestron-controlled window treatments, Lutron lighting, thermally insulated windows with UV protection, an integrated alarm system, and museum-quality Nulux art lighting. A dedicated basement storage unit transfers with the sale. A rare offering that unites Rosario Candela's architectural legacy with Alan Wanzenberg's sophisticated vision, this distinguished Park Avenue residence embodies the enduring elegance of Carnegie Hill. With its exceptional proportions, extraordinary natural light, beautifully appointed interiors, and seamless balance of grand entertaining and private living, it represents a truly remarkable opportunity to own a timeless Manhattan home.

Features & Amenities

Interior Features

Building In Basement In Unit Fireplace (1)

Exterior Features

None

Building Amenities

Bike Storage Cold Storage Storage

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 55
Stories 17
Structure HighRise

Financial Details

Maintenance $9,430/mo

Carnegie Hill is a low-traffic residential section of the Upper East Side defined by proximity to Central Park and Museum Mile. The area features low-rise historic architecture and large pre-war cooperatives, with landmarked blocks and boutique retail along Madison Avenue.

Carnegie Hill Live Market Data

View Neighborhood

Active Listings

105

Median Asking Price

$2.19M

Median $/Sqft

$1,540

Avg Days on Market

N/A

New This Week

8

Price Reduced

30%

Sold (30 Days)

17

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 10/22/26, 12:46 PM EST

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Location

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1220 PARK Avenue #5B, Carnegie Hill, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
17
Floors
56
Residential Units
R10
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $27,636,300
Land Value: $3,397,500
Exemptions: $95,830

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 17,624 SF
Building Area: 231,050 SF
Built FAR: 13.11
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $9,430 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 4 bedrooms and 3 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 1930, making it approximately 96 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20122168
First Listed: 10/22/2026
On Market: 10/22/2026
Price Changed: 10/22/2026
Contract Date: 10/22/2026

Listing Courtesy of Douglas Elliman Real Estate - Thomas Clifton Thorn

Listing Contact: (917) 279-6240

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/22/2026 at 4:46 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Carnegie Hill Market Update

17 sales last 30 days · $2.19M median · 6.2 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Carnegie Hill Borough Manhattan
County New York
Floor 5 of 17
Year Built 1930
First Listed 10/22/2026
Maintenance $9,430/mo

Monthly Costs Estimate

Down Payment 20%

$1,359,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $9,430
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$152,888

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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