Prewar Cooperative Corner
993 PARK AVE Unit 993 New York, NY 10028
993 PARK AVE Unit 993, New York, NY, 10028
$1,695,000
For Sale
$1,695,000
High-floor corner cooperative residence with oversized windows, 10'4 ceilings, parquet floors, and a working fireplace.
Property Size1,859 SF
Price / SF$911.78
Days on Market387
Property Features for 993 PARK AVE Unit 993
General Information
- Standard status
- Active
- Size
- 1,859 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1915
Listing agency
Bank Neary Inc
(212) 633-2727
Listed by
Matthew Bank
(917) 608-6309
Source
Xome
Added: Jul 1, 2025 Updated: Jul 20 at 11:33PM Checked: Jul 22 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bank Neary Inc
Investment Insights
Based on property information with market context.
Offered for the first time in over 60 years, Residence 11A at 993 Park Avenue is a high-floor, park-facing corner “Classic Six” within a distinguished prewar cooperative. Built in 1915 by Bing & Bing and designed by architect Robert T. Lyons, the residence spans over 1,800 square feet and features soaring 10'4" ceilings, original parquet wood floors, abundant closet space, and a working wood-burning fireplace.
The grand corner living room is illuminated by four windows facing north and west, capturing commanding views over the Church of St. Ignatius Loyola and providing a broad panorama of the Upper East Side. The formal entry foyer leads to an elegant dining room and a sunlit, windowed galley kitchen. A staff room—currently set up as an ideal home office—includes a half bath and a washer and dryer already installed. The primary bedroom is exceptionally large with two walk-in closets and a windowed en-suite bath, while the second bedroom offers two generous closets and its own en-suite bath.
Cooperative amenities include full-time doorman service, a concierge, a resident manager, a renovated windowed fitness center, a bicycle room, and a central laundry room. A private storage unit transfers with the apartment. Pied-à-terre purchases, 50% financing, and pets are permitted, and a 2% flip tax is payable by the purchaser.
The grand corner living room is illuminated by four windows facing north and west, capturing commanding views over the Church of St. Ignatius Loyola and providing a broad panorama of the Upper East Side. The formal entry foyer leads to an elegant dining room and a sunlit, windowed galley kitchen. A staff room—currently set up as an ideal home office—includes a half bath and a washer and dryer already installed. The primary bedroom is exceptionally large with two walk-in closets and a windowed en-suite bath, while the second bedroom offers two generous closets and its own en-suite bath.
Cooperative amenities include full-time doorman service, a concierge, a resident manager, a renovated windowed fitness center, a bicycle room, and a central laundry room. A private storage unit transfers with the apartment. Pied-à-terre purchases, 50% financing, and pets are permitted, and a 2% flip tax is payable by the purchaser.
Key Highlights
- Co‑op residence 11A in a 1915 prewar building offered for the first time in over 60 years
- High‑floor park‑facing corner home with oversized windows and views over the Church of St. Ignatius Loyola
- Over 1,800 SF with 10'4 ceilings, original parquet wood floors, abundant closet space, and a working wood‑burning fireplace
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.3k | $59.88 |
| − Vacancy | −$5.6k | −$2.99 |
| EGI | $105.8k | $56.89 |
| − OpEx | −$47.6k | −$25.60 |
| NOI | $58.2k | $31.29 |
1,859 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$830.9K
$727.0K – $969.4K
NOI $58,163 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.63M
$4.05M – $5.40M
NOI $323,912 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - High-floor corner cooperative residence with oversized windows, 10'4 ceilings, parquet floors, and a working fireplace.
Where is this multifamily property located?
The property is located at 993 PARK AVE Unit 993 New York, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Co‑op residence 11A in a 1915 prewar building offered for the first time in over 60 years; High‑floor park‑facing corner home with oversized windows and views over the Church of St. Ignatius Loyola; Over 1,800 SF with 10'4 ceilings, original parquet wood floors, abundant closet space, and a working wood‑burning fireplace
