212.370.9200 or Email Us

212.370.9200 or Email Us

1050 Park Avenue

New York, NY 10028
Co-op
About
This 14-story, 60-unit Park Avenue residence designed by J. E. R. Carpenter, the most celebrated architect of luxury apartment buildings of his generation was built in 1923 and converted to a cooperative in 1959. Its location at the southern end of Carnegie Hill puts residents a short walk from 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. 1050 Park Avenue is also convenient to the Lexington Avenue express subway line at 86th Street.

BROKER SPECIALIST:
Douglas Elliman Real Estate
Dianne Van Laer
dvanlaer@elliman.com
212.891.7192

https://www.elliman.com/real-estate-agent/dianne-van-laer/3241
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 Not Allowed
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

  • Flip Tax: Yes, 2% of sales price, paid by the Seller
  • Maintenance (if applicable) Tax Deductible: 37%
Amenities

Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Processing Fee $550 Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Buyer Financing Fee, if financing $300 Closing
Seller Closing Fee $700 ($750 plus $0.05 per share without a Broker) Closing
Seller Flip Tax 2% of Selling Price Closing
Buyer Credit Report Fee $816.56 per applicant; $1,524.25 for a married couple (non-refundable) Submission

Refinance

Payor Building Fees Amount Due Upon
Shareholder Processing Fee $400 Submission

Co-Op Transfer

Payor Building Fees Amount Due Upon
Buyer Application Fee (non-refundable) $350 Submission
Shareholder Flip Tax Please refer to paragraph 16A(IV) of the proprietary lease Closing
Shareholder Transfer Fee $750 plus $0.05 per share Closing
Buyer Credit Report Fee $816.56 per individual, if married, the amount is calculated at $1,524.25 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
Shareholder Refinance $45 Complimentary
Any Transfers Transfer $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.
06/16/21
Total Fees: 46

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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