Second broker swap at Park Avenue pad but same $11.9M price

Elliman’s Joan Swift gets listing from Burger and Del Nunzio of BHS

TRD New York /
Sep.September 05, 2013 12:27 PM

A Park Avenue penthouse is back on the market with a new pair of high-profile brokers — its second in five months — but the same $11.9 million price tag.

The white-glove co-op at 1088 Park Avenue, between East 88th and East 89th streets, has resurfaced with Douglas Elliman’s Valerie Lettan and Joan Swift, who was the brokerage’s top producing agent in 2011.

The five-bedroom, 4.5-bathroom pad found itself for sale in May — listed for $13.9 million with Brown Harris Stevens heavyweights John Burger and Paula Del Nunzio. Only a month later, though, the pair dropped the price by $2 million — to today’s $11.9 million. In July, the listing vanished. Burger and Del Nunzio also could not be reached for comment.

Because the property is a co-op, public records do not list the owner. Lettan told TRD the property last traded hands in 2005 but declined to specify the purchase price or comment further on the listing. Swift could not be reached for comment.

The pre-war penthouse has a 1,500-square-foot terrace, a library, three wood-burning fireplaces, a semi-private elevator landing and partial Central Park views, according to the most recent listing.

The 87-unit tower, designed by Mott Schmidt and built in in 1927, has an Italian courtyard garden, storage, a bike room and two gyms. Schmidt was the preferred architect for the Astor and Vanderbilt families.


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