975 Park Avenue #1CD, New York City, NY 10028
Listing Courtesy of Compass
$1,275,000
Potential Rebate: $19,125
Overview
Luxury Park Avenue Co-op Near Central Park: Transformative Opportunity for Buyers
Explore the rare opportunity at 975 Park Avenue, Unit 1C/D, a luxury co-op in Manhattan’s prestigious Upper East Side. This classic pre-war residence offers a unique blend of timeless elegance and modern possibilities, making it ideal for discerning buyers seeking a distinctive Park Avenue home with proximity to Central Park.
Key Features:
Historic Charm with Modern Potential: This first-floor co-op boasts soaring ceilings, original mahogany wood floors and doors, and a private entrance on East 83rd Street. Currently configured as a professional medical office with JHCO-certified surgical suite, reception area, and two marble baths, it invites transformation into a custom two-bedroom, two-bath residence with expansive living spaces.
Prime Residential Conversion: Zoned for residential conversion, this space is perfect for architects, designers, and buyers looking for a home with first-floor accessibility and privacy. Transform it into a modern Park Avenue retreat, or a live/work space tailored to your lifestyle.
Full-Service Co-op Amenities: Enjoy the white-glove service of a full-service co-op, including a 24-hour doorman, concierge, fitness center, laundry facilities, and enhanced security. Experience the privacy of a townhouse combined with the luxury amenities of a five-star hotel.
Unmatched Location: Located steps from Central Park and Museum Mile, this property is nestled in a vibrant community known for its cultural landmarks, top-tier PS 6 school district, high-end Madison Avenue shopping, and Michelin-starred dining.
Motivated Seller – Price Improved: With a motivated seller and a recent price improvement, this property offers a compelling opportunity to own a piece of New York City's finest real estate.
This exceptional co-op is perfect for buyers who value culture, convenience, and the unparalleled lifestyle of New York City. Whether you're looking to create a stunning residence, a functional live/work space, or a combination of both, 975 Park Avenue, Unit 1C/D offers endless possibilities to design your dream home.
Home Features
- •Central Air
- •Central
- •Building Washer Dryer Install Allowed
- •Common On Floor
- •Common Area
- •Laundry Room
- •Chandelier
- •High Ceilings
Estimated Monthly Payment
$10,698 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$19,125
Monthly savings impact
$53/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20037624
Price Analysis
Compare average listing prices and value metrics for 975 Park Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
74.01% Lower
than the Upper East Side price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
