985 Park Avenue #12/13, New York City, NY 10028
Listing Courtesy of Modlin Group LLC
$6,980,000
Potential Rebate: $104,700
Overview
Elegant and contemporary, with stunning western Park Avenue views, this bright and spacious three bedroom duplex spans approximately 2,500 sq.ft. Designed with an eye toward the finest finishes and fixtures, such as custom lighting and intricate moldings, this quiet and sophisticated home mirrors the intimacy of a townhouse with all the conveniences of a full-service condominium.
The elevator opens directly into the handsome foyer which serves as the nexus for all parts of the home. The expansive living room overlooks landmarked buildings on Park Avenue through floor to ceiling windows and French doors that open to an exquisite Juliet balcony. It also boasts 10’ ceiling heights, a chic gas fireplace, and beautiful herringbone wood flooring. Across the foyer sits the dining room, featuring discreet custom cabinetry. Sleek and polished, the windowed chef’s kitchen boasts a suite of Miele and Sub-Zero appliances, Poliform cabinetry, and can be closed off with a pocket door. Rounding out the bottom floor is a large marble-clad powder room and a coat closet.
Upstairs, the private quarters are a haven of serenity with three spacious bedrooms. The plush primary suite faces west onto Park Avenue and boasts ample storage with custom designed high-gloss closets, as well as a walk-in closet. The windowed ensuite bathroom features a soaking tub, a large glassed-in shower, double vanity and radiant heated floors. Two additional bedrooms sit beside one another and share a large marble clad bathroom with an oversized shower. Each room is outfitted with individual climate control, ensuring comfort throughout. A Miele W/D and two linen closets round out the top floor.
With just 7 units, 985 Park is a boutique, limestone-clad, 15-story building designed by renowned architects Costas Kondylis & Partners and perfectly positioned on Park Avenue. Amenities include a full-time doorman, keyed private elevator access to each floor, and an oversized 68 sq.ft. storage room that transfers with the apartment. Steps from Central Park and the world-class museums, shops, and restaurants of the Upper East Side, this is a stunning home for the most discerning buyer. There is a 1% flip tax paid by the buyer.
Home Features
- •In Unit
- •City
Estimated Monthly Payment
$46,606 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$104,700
Monthly savings impact
$291/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).
Similar Homes
930 PARK Avenue #8N, New York City, NY 10028
Listing Courtesy of Corcoran Group
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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 Modlin Group LLC
Data Source: TRESTLE #RLS20049471
Price Analysis
Compare average listing prices and value metrics for 985 Park Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
72.42% Lower
than the Upper East Side price-per-sq-ft 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.
