$999,000 Sold Jun 2026
$54,124,000 Assessed value
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| Building size | 166,742 sq ft |
|---|---|
| Building dimensions | 85 × 105 ft |
| Stories | 19 |
| Sq ft per floor | 8,776 sq ft |
| Year built | 1940 |
| Lot dimensions | 105 × 108 ft |
|---|---|
| Lot area | 11,340 sq ft |
| Units | 89 |
|---|---|
| Zoning | R10 |
| Building class | D4 |
| Block / lot | Block 1503 / Lot 38 |
| Built FAR | 14.70 |
|---|---|
| Max residential FAR | 10.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $999,000 (Jun 2026) |
|---|---|
| Assessed value | $54,124,000 |
| Tax class | 2 |
| Annual property tax | $2,694,280 |
| Exemptions / abatements | 1150 PARK AVENUE TENANTS INC |
| Rent regulated | Co-op |
1150 Park Avenue was built in 1940 — roughly 86 years old. For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. At the current assessment that works out to about $2,694,280 per year ($224,523/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $999,000 in Jun 2026.
City landmark records describe it as a Moderne apartment building dating to 1939 - 1940, originally used as residential, multi-family. It was designed by George F. Pelham, Jr. for 1150 Park Avenue Corporation. It stands within the Expanded Carnegie Hill Historic District.
The building already exceeds what current zoning would allow (14.70 built FAR vs. a maximum of 10.00) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.