Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $6,500,000

Listed at $6,900,000 · Sold 5.8% below asking · Closed November 19, 2024

Closed For Sale Co-op

$6,900,000

983 Park Avenue #5B

Upper East Side, Manhattan

MLS® #RLS10962174

RLS at REBNY

Listing by Sothebys International Realty

3

Bedrooms

4.5

Baths

N/A

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 3
Bathrooms 5 full, 1 half
Lot Size 16,746 sq ft
Year Built 1925
Ownership Co-op
Maintenance $9,031/mo
Neighborhood Upper East Side
Floor 5 of 15

Property Highlights

  • Exposure: North,South facing
  • Fireplace: 1 fireplace
  • Character: Pre-war building (1925)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 9
Baths 4 Full, 1 Half
Floor 5 of 15
Exposure North,South
Pets Yes
Year Built 1925
Structure Type HighRise
Furnished Unfurnished
Lot Size 16,746 sq ft
Parcel # 1512-0001-00983-000-000005B
Block/Lot 01512/0001

Listing History

Event Date Price Change
Listed Oct 2, 2023 $6,900,000 -
Currently Apr 27, 2026 $6,900,000 -

Description

Step into a world of timeless sophistication with this pre-war nine-room apartment in a prestigious Park Avenue cooperative. Off a semi-private landing you are greeted by an elegant Gallery stretching over 30 feet, and setting the tone for the grandeur that awaits. The spacious Living Room is a true focal point, featuring a wood-burning fireplace that creates a warm and inviting atmosphere. The room is large enough for several seating areas and comfortable for both formal entertaining and everyday living. Adjacent to the Gallery, is a handsome Library with mahogany millwork; this is complemented by a perfectly placed and beautifully appointed Powder Room. The Primary Suite is a haven of tranquility, and a closet-lover's dream. In addition to a massive walk-in, there are four other closets, and a wall of custom built-ins. The windowed, Primary Bath is a spa-like retreat, complete with a double vanity, a bathtub, and a separate stall shower. Two additional generously sized Bedrooms, each with ensuite, windowed Baths, and large walk-in closets, provide comfort and privacy for all. The heart of this home is the windowed eat-in, St. Charles Kitchen, equipped with top-of-the-line appliances; a Subzero refrigerator & freezer, two KitchenAid dishwashers, and a Viking stove and oven. A Staff Room and full Bath are conveniently located off the Kitchen. The Dining Room, currently configured as a Media Room, adjoins the Kitchen, facilitating seamless entertaining and dining experience. This home offers the perfect blend of a classic layout with all the modern conveniences desired for today's living. Other features throughout this home include, high ceilings, elegant herringbone wood floors, thru-wall A/C, full size washer & dryer and tons of storage. This distinguished prewar building, designed by Schwartz & Gross in 1927, offers amenities, including a 24-hour doorman, a live-in superintendent, a modern gym, a basketball court, a bike room, common laundry facilities, and individual storage cages. Located in the heart of the Upper East Side, you'll enjoy easy access to Manhattan's finest cultural institutions, world-class dining, and premier shopping destinations. The building is pet friendly, allows 50% financing and there is a 2% flip tax paid by the purchaser.

Features & Amenities

Interior Features

Den Entrance Foyer Eat In Kitchen Elevator Kitchen Window Storage Common Area Laundry Room In Unit Fireplace (1)

Appliances

Dryer Washer Dryer Stacked Dishwasher Washer

Building Information

Building Data View Compliance & Permits
Total Units 59
Stories 15
Structure HighRise

Financial Details

Maintenance $9,031/mo
Sale Price $6,500,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

339

Median Asking Price

$1.57M

Median $/Sqft

$1,560

Avg Days on Market

N/A

New This Week

25

Price Reduced

28%

Sold (30 Days)

32

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 4/27/26, 5:26 AM EST

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Location

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983 Park Avenue #5B, Upper East Side, New York County

Virtual Tour

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1926
Year Built
100 years old
15
Floors
59
Residential Units
R8B
Zoning District
Elevator Apartments Historic District: Park Avenue Historic District

Tax & Assessment

Assessed Value: $26,370,450
Land Value: $3,208,500
Exemptions: $0

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

Lot Area: 16,746 SF
Building Area: 203,706 SF
Built FAR: 12.16
Allowed FAR: 4

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 $9,031 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

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

According to MLS records, the building was constructed in 1925, making it approximately 101 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. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. 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: RLS10962174
First Listed: 10/2/2023
On Market: 10/2/2023
Price Changed: 10/2/2023
Closed: 11/19/2024
Contract Date: 10/2/2023

Listing Courtesy of Sothebys International Realty - Juliette Janssens

Listing Contact: (212) 606-7670

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/27/2026 at 9:26 AM UTC

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