Medical office

Investment Condo Opportunity on Park Avenue – 1050 Park Avenue

Address: 1050 Park Avenue, New York, NY, 10028
Asking Price: $795,000
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartment (Condo)
Location: Urban – Upper East Side / Carnegie Hill
Total Units: 60
Stories: 14
Building Class: C
Gross Building Area (GBA): 125,895 SF
Typical Floor Size: 8,393 SF
Number of Buildings: 1
Units per Acre: 187/AC
Market Segment: All
Rent Type: Market

Investment Overview:

1050 Park Avenue offers an excellent opportunity to acquire a market-rate condo in one of the most prestigious residential corridors of Manhattan. With an attractive entry price, full-service amenities, and solid rental demand in the Upper East Side, this unit provides reliable income potential and long-term value growth in a stable submarket.

Property Highlights:

✔ Located in a classic pre-war mid-rise on Park Avenue
✔ Opportunity for passive income through long-term rental or furnished leasing
✔ Low-barrier entry into a premier neighborhood with historically low vacancy
✔ Market-rate condo with flexible ownership and tenant policies

Building Amenities:

✔ Full-time doorman and elevator
✔ Fitness center, laundry, and live-in superintendent
✔ Elegant lobby with pre-war charm and modern updates
✔ Investor-friendly building with no current rental restrictions

Location Benefits:

✔ Situated between 87th and 88th Streets on Park Avenue
✔ Steps from Central Park, Museum Mile, and top private schools
✔ Near 4, 5, 6, and Q subway lines, offering easy Midtown access
✔ Surrounded by world-class dining, cultural landmarks, and boutique retail

Highlights:

✔ $795,000 condo in a full-service Park Avenue building
✔ Ideal for investors seeking stable rental income and long-term appreciation
✔ Strong rental demand from medical, academic, and international tenants
✔ Move-in ready or lightly customizable for value-add positioning

Conclusion:

1050 Park Avenue represents a rare opportunity to invest in a Park Avenue address with low upfront cost and strong income potential. Whether as a buy-and-hold asset or part of a diversified portfolio, this property offers security, prestige, and upside in one of Manhattan’s most desirable locations.

Contact us today to request full financials, rent projections, or to schedule a viewing.