Douglas Elliman is exclusively offering the most important Park Avenue property to be made available in the modern history of New York real estate. The offering comprises ten (10) individual apartments that constitute the entire share-holding of the East Side Park Avenue Corporation: Reginald and Anna De Koven House at 1025 Park Avenue. One of the few remaining mansions on Park Avenue, this Jacobean style masterpiece designed by John Russell Pope in 1912 for the composer Reginald De Koven, was originally a 5 story home which has been split into the ten (10) separate residential co-operative units on offer, totaling slightly under 19,000 square feet. Exhibiting a 59 foot wide by 67 foot deep building and currently sitting on a 60 foot by 107.75 foot lot, the property proportions are amongst the grandest of any mansion on the serene Upper East Side, all while being optimally located on one of the World's most prestigious residential Avenue's. Unique elements and detail of the original structure such as the limestone faade with its carved stone lions, the Modern Greek portico entrance, as well as distinct hexagonal and windowed bays that maximize the western light and exposure onto Park Avenue, can all be attributed to the architectural pedigree, quality craftsmanship and meticulous upkeep of the structure. Original interior features and finishes in excellent condition, such as wood floor and paneling, moldings, stained glass windows, gilt work as well as 14 foot ceilings on the first floor and 19 feet on the second, provide quality and irreplaceable signature elements which can be incorporated by a contemporary architect adapting the ultimate in today's luxury with the best history has to offer. Spectacular panoramic views of Park Avenue from the top of the building afford the potential to add to the already extraordinary roof top garden and outdoor area, in addition to the very large existing garden (41 by 60 feet). Purchased by a syndicate of investors in 1945, the splendid mansion was converted into the ten (10) apartment, multifamily house that is still found today. As part of this separation, the grandiose ballroom on the second floor, with measurements nearing 60 feet long by 27 feet wide and incorporating the double height ceiling of the third floor (buffered by a baronial fireplace), was split into 4 separate apartments and two separate floors. Still large rooms by any standard, apartments 2A, 2B, 2C and 2D presented in this offering, account for this separation and continue to maximize the exquisite proportions that graced the original mansion home. The other rooms were sensitively reworked to form modest simplex and duplex apartments that retain significant character and by 1959, the building was turned into a co-operative. Some of these units still constitute a profitable and flexible income generating package of shares. The architect of 1025 Park Avenue was John Russell Pope who during the almost 40 years of his professional career designed a multitude of prestigious buildings and structures in a wide variety and style, including: The Jefferson Memorial, The National Archives Building, The National Gallery of Art, as well as the layouts for Yale, Dartmouth and Johns Hopkins University. The opportunity to own a property as magnificent as 1025 Park Avenue is almost as rare as the property itself. Ready to be customized by the architect or designer of your choice, this significant address offers unparalleled excellence in every way, shape and form. Brochure available on request.
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