Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $7,000,000

· Closed October 2, 2023

885 PARK Avenue #8B
Closed For Sale Co-op

$7,000,000

$2,059 per sq ft

885 PARK Avenue #8B

Upper East Side, Manhattan

MLS® #RLS10895515

RLS at REBNY

Listing by Sotheby's International Realty, Inc.

4

Bedrooms

4.5

Baths

3,400

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 4
Bathrooms 5 full, 1 half
Living Area 3,400 sq ft
Lot Size 15,350 sq ft
Year Built 1926
Ownership Co-op
Maintenance $8,214/mo
Neighborhood Upper East Side
Floor 8 of 16

Property Highlights

  • Exposure: East,North,South,West facing
  • Fireplace: Wood-burning or decorative fireplace
  • Style: Prewar architecture

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 8
Baths 4 Full, 1 Half
Floor 8 of 16
Exposure East,North,South,West
Cooling Central Air
Pets Yes
Year Built 1926
Living Area 3,400 sq ft
Architectural Style Prewar
Lot Size 15,350 sq ft
Parcel # 1413-0001-00885-000-000008B

Listing History

Event Date Price Change
Listed Sep 1, 2022 $8,495,000 -
Price Reduced Oct 2, 2023 $7,745,000 -8.8%
Currently Apr 30, 2026 $7,000,000 -9.6%

Description

Offered in quietly elegant, turn-key condition, Apartment 8B is a prewar residence which has been meticulously renovated to the highest standards. This lovely home boasts splendid scale, with high ceilings, gorgeous herringbone pattern parquet floors and light-flooded southern exposures from oversized windows in most rooms. Perfectly positioned at the northeast corner of Park Avenue and East 78th Street within the landmark protected boundaries of Upper East Side Historic District, this prestigious 1927 cooperative apartment building was designed by noted American architects Schwartz & Gross. A semi-private elevator landing on the eighth floor opens onto a Gallery, a generous square which provides seamless access to the impressive reception rooms and commodious bedroom wing of this extremely versatile floorplan. The expansive, south-facing Living Room features a wood-burning fireplace and, measuring almost 30 linear feet, is ideally suited for entertaining. The Living Room adjoins an inviting Library outfitted with a built-in Bar, a Media Closet, a wall of custom-designed bookshelves and a Powder Room. The private residential wing is comprised of 3 spacious Bedrooms, each with a pristine windowed, en-suite Bathroom finished in marble and ample closets. The over-sized primary Bedroom Suite enjoys sunny southern prospects over the quiet, tree-lined beauty of East 78th Street, and features beautiful curved walls, and 8 large closets. The graciously proportioned Formal Dining Room also boasts curved walls and herringbone parquet floors. An enormous Eat-In Chef's Kitchen/Family Room is ideally suited for informal gathering, outfitted with a large breakfast area, media systems, and a desk. Fine custom finishes include millwork of luxurious Bubinga wood and flooring of statuary marble. The Chef's Kitchen is equipped with a center island and full complement of state-of-the art appliances: a Wolf 6-burner Stove, a Garland Salamander, a Sub-Zero Refrigerator and Freezer , a Sub-Zero 140 bottle wine storage unit, and a Thermador Wall Oven and Microwave. A Laundry closet features a front-loading Maytag Maxima XL- washer and dryer. The Staff Bedroom/Office and a full Bathroom complete the well-considered layout of this beautiful apartment. Updated windows and thermostatically controlled through-wall and central air conditioning have been installed throughout. One of the most sought-after and highly regarded cooperative apartment buildings on the Upper East Side, 885 Park Avenue is well-staffed by a Resident Manager, with 24-hour Doorman and support services. Amenities include a large, recently renovated Fitness Center, a Laundry Room and private storage. There are no Summer Work Rules. The building is Pet Friendly and financing of up to 50 percent of the purchase price is permitted. There is a 3% Flip Tax, payable by the Purchaser. Apartment 8B represents a singular opportunity to secure a truly extraordinary home in the coveted Lenox Hill neighborhood: thoughtfully designed, finished to perfection and in move-in condition.

Features & Amenities

Interior Features

Separate Formal Dining Room Entrance Foyer Eat In Kitchen Building Washer Dryer Install Allowed Common Area Fireplace

Appliances

Dryer Washer Dryer Allowed Washer

Building Information

Building Data View Compliance & Permits
Total Units 36
Stories 16
Style Prewar

Financial Details

Maintenance $8,214/mo
Original Price $8,495,000
Sale Price $7,000,000
Previous Price $7,745,000

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

353

Median Asking Price

$1.63M

Median $/Sqft

$1,587

Avg Days on Market

N/A

New This Week

25

Price Reduced

30%

Sold (30 Days)

33

Median Sale Price

$1.50M

Live data from RLS at REBNY • Updated 4/30/26, 10:10 AM EST

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Location

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885 PARK Avenue #8B, Upper East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1927
Year Built
99 years old
15
Floors
36
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Upper East Side Historic District

Tax & Assessment

Assessed Value: $22,148,100
Land Value: $4,590,000
Exemptions: $50,070

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

Lot Area: 15,350 SF
Building Area: 171,207 SF
Built FAR: 11.15
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 $8,214 per month. Confirm the exact amount with the listing broker before making an offer.

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

The listed interior living area is 3,400 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1926, making it approximately 100 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.

At the current list price of $7,000,000 for 3,400 sq ft, the asking price per square foot is approximately $2,059. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10895515
First Listed: 9/1/2022
Price Changed: 10/2/2023
Closed: 10/2/2023
Contract Date: 9/1/2022

Listing Courtesy of Sotheby's International Realty, Inc. - Roberta Golubock

Listing Contact: (212) 606-7704

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 4/30/2026 at 2:10 PM UTC

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