212.370.9200 or Email Us

212.370.9200 or Email Us

1045 Park Avenue

New York, NY 10028
Co-op
About
The canopied Park Avenue entrance at this 15-floor brown-brick building leads to a notably elegant step-down lobby. The prewar co-op was built in 1923 and converted sixty years later. Its location at the southern end of Carnegie Hill puts it near the Metropolitan Museum of Art and other museums as well as the restaurants, boutiques and art galleries of Madison Avenue and everything else the Upper East Side has to offer, combined with the convenience of being only steps away from the Lexington Avenue express subway line at 86th Street.

BROKER SPECIALIST:
Douglas Elliman Real Estate
Sabrina Saltiel
SSALTIEL@elliman.com
212.350.2205

https://sabrinasaltielteam.elliman.com/
Applications
Property Contacts

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Questionnaires

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Documents

Additional Services

BoardPackager Services are administered exclusively by BoardPackager. All services are separate from those provided by Property Management Companies to their clients. All BoardPackager services are provided with full knowledge and cooporation with Property Management, but without Property Management supervision. Any fees associated with services offered are BoardPackager fees.
Building Policies

General Policies

Pets Allowed
At the discretion of the Board
Guarantors Allowed
Subletting Allowed
At the discretion of the Board
Pied-a-terre Allowed
Co-Purchasing Not Allowed
Parents Buying for Employed Child(ren) Allowed
Parents Buying for Student Child(ren) Allowed

Financing Policies

Max Financing as %
50% of purchase price

Additional Building Information

  • Sublease Fee: 35% of the Annual Maintenance for the First Year; 50% of the Annual Maintenance for the Second Year; 100% of the Annual Maintenance for the Third Year and any year beyond.

  • Flip Tax: Yes, 2% of purchase price, paid by the Seller

  • Maintenance (if applicable) Tax Deductible: 55%
Amenities

Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee (Non-Refundable) $500 Submission
Buyer Appraisal Research and Co-op Supplement $250 (if financing) Submission
Buyer Credit Report Fee (Non-Refundable) $100 Per applicant Submission
Buyer Move In Deposit (Refundable) $500 Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Seller Move Out Deposit (Refundable) $500 Submission
Buyer Apartment Combination Fee (Non-Refundable) $7500 (if applicable) Closing
Buyer Cancellation Charge if Transfer Agent is required to attend Closing which is not Consummated $250 Closing
Buyer Financing Fee (Non-Refundable) $300 (if financing) Closing
Buyer If Closing is not Completed within 2 Hours $250 Closing
Seller Closing Fee $700 plus $0.05 per share ($750 plus $0.05 per share Without a Broker) Closing
Seller Flip Tax 2% of purchase price Closing

Co-Op Sublet

Payor Building Fees Amount Due Upon
Shareholder Lead Based Paint Disclosure Fee $75 Submission
Shareholder Move Out Deposit (Refundable if no damage) $500 Submission
Shareholder Sublet fee 35% of the Annual Maintenance for the First Year; 50% of the Annual Maintenance for the Second Year; 100% of the Annual Maintenance for the Third Year and any year beyond. Submission
Shareholder Subletting Fee $250 Submission
Subtenant Application Fee (Non-Refundable) $300 Submission
Subtenant Credit Report Fee (Non-Refundable) $100 per Applicant Submission
Subtenant Move In Deposit (Refundable if no damage) $500 Submission

Sublet Renewal

Payor Building Fees Amount Due Upon
Shareholder Processing Fee $300 Submission
Shareholder Sublet Fee 35% of the Annual Maintenance for the First Year; 50% of the Annual Maintenance for the Second Year; 100% of the Annual Maintenance for the Third Year and any year beyond. Submission

Less Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-Op Supplement/Certification Fee (Non-Refundable) $250 Submission
Shareholder Financing Fee (Non-Refundable) $400 Submission

More Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-Op Supplement/Certification Fee (Non-Refundable) $250 Submission
Shareholder Financing Fee (Non-Refundable) $400 Submission
Processing

Single Application Initiation Fee

One-time fee paid by the person who begins the application

Payor Type Amount Due Upon
Agent /
Attorney
Applicant
Current Resident
Sale/Lease
Sale/Lease
Refinance/Renewal
$50
$100
Free
Initiation
Initiation
N/A
Application Participants Any Free N/A

Digital Submission Fee

Payor Type Amount Due Upon
Applicant Purchase
Lease/Sublet
Renewal
$45 Complimentary

App Admin Fee

Payor Amount Due Upon
Any Participant Paying Building Fees 5% of Total
(excluding Digital Submission & Initiation Fees)
Submission
Property Management

Property managed by:

All building information and documentation provided by property management.
06/01/21
Total Fees: 70

Copyright © Douglas Elliman Property Management - All rights reserved.
Disclaimer: All information regarding or relating to the property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omissions or change.

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