The Real Deal New York

Inside what could become Park Ave.’s largest private mansion

Building eyed by Rosen, Shvo gets new renderings

December 10, 2015 03:00PM
By Katherine Clarke

A rendering of what 1025 Park might look like once it's been gutted

A rendering of what 1025 Park might look like once it’s been gutted

One of Park Avenue’s most expensive residential listings has a brand new look.

The owners of the co-op building at 1025 Park Avenue, on the market as a prospective conversion to a single-family home, have issued new renderings of the building that show what the historic John Russell Pope-designed property would look like if it was gutted by a new owner. 

The Tudor building, which has reportedly been eyed by real estate moguls Aby Rosen and Michael Shvo as a prospective trophy home, has been on the market since May with an asking price of $65 million. But, so far, no one has signed on the dotted line.

A rendering of 1025 Park Avenue

A rendering of 1025 Park Avenue

Rosen had reportedly been close to a deal to buy 75 percent of the co-ops shares — which would have allowed him to wrest control of the building — last year but he backed out of the transaction at the last minute, sources said.

The property, built in 1912 for the composer Reginald De Koven, was originally used as a single five-story home totaling 19,000 square feet, the likes of which have become exceedingly rare along the prestigious avenue.

A rendering of 1025 Park Avenue

A rendering of 1025 Park Avenue

While it retained most of its original details, including stained glass windows, ornate moldings and 19-foot ceilings, the property was later split into 10 separate units. If it’s pieced back together, the property could be the largest private mansion on Park Avenue.

“A lot of people don’t have the vision to see what the place could look like once it was returned to its original use,” said Kane Manera of Douglas Elliman, the property’s listing broker. “People would walk in and say, ‘It’s beautiful but how does this floor plan work?’ The closest we can come to showing them is with these renderings.”

The co-op owners, among them Mary Wilder, the ex-wife of screen actor Gene Wilder, recently agreed to come together to sell the property, with much of the interest being local, Manera told The Real Deal.