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
1050 Park Avenue
New York, NY 10028
Co-op
Applications
Property Contacts
Please confirm you are not a robot to download this document.
Questionnaires
Have a questionnaire completed by property management.
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.
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%
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 |
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 |
If you are a real estate agent affiliated with one our enterprise brokerage clients, starting an application is covered by your brokerage.
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 |
For more detailed information, please see our Pricing page.
Property Management
Property managed by:
All building information and documentation provided by property management.
All building information and documentation provided by property management.
06/16/21