885 Park Avenue Corporation
885 Park Avenue
New York, NY 10075
co-op
About
One of the most sought after buildings on the Upper East Side, 885 Park Avenue is a full-service coop with doorman, concierge and attended elevators. Built in 1927, this 15 story pre-war building has 47 units.
The building offers a newly updated fitness facility, basement storage and laundry room. Many apartments have working fireplaces. Pets and washer/dryer in unit are allowed.
The coop charges a 3% flip tax which is paid by the buyer and allows financing of 50% of purchase price.
applications
property contacts
confirm to continue
general policies
Pets Allowed
Guarantors Allowed
Considered on a case by case basis
In Unit Washers/Dryers Not Allowed
Smoking Allowed
Not in common areas
Subletting Allowed
Approval in principle required.
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Not Allowed
Secondary Residence Allowed
Co-Purchasing Not Allowed
Parents Buying for Employed Child(ren) Allowed
Considered on a case by case basis
Parents Buying for Student Child(ren) Allowed
Considered on a case by case basis
Corporate Purchase/Lease Not Allowed
Diplomat Purchase/Lease Not Allowed
financing policies
Max Financing as %
50% of purchase price
insurance requirements
Homeowner's Insurance Required
additional building information
Flip Tax: 3% of gross proceeds - paid by purchaser.
Purchase as trust is not permitted, however existing shareholders may request to transfer to a trust.
For due diligence requests, please contact Keisha Washington at kwashington@bhsusa.com
Purchase as trust is not permitted, however existing shareholders may request to transfer to a trust.
For due diligence requests, please contact Keisha Washington at kwashington@bhsusa.com
common area protocol
Regularly Scheduled Cleaning and Disinfecting
Hand Sanitizer Available Throughout Building
apartment showing policies
Viewing Board Minutes Online
Open Houses
-
Appointment Only
other
Brokers Only open houses
permitted.
special amenities
Fitness Center
on site services
24 Hour Security
Doorman
pets
Pets OK, Upon Approval
building type
Pre War
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee (Non-Refundable) | Submission | $450 (if no financing involved) or $550 (if financing involved) |
| Buyer | Messenger Fees (Non-Refundable) | Submission | $65 |
| Buyer | Move-In Fee (Non-Refundable) | Submission | $2,500 |
| Seller | Move-Out Fee (Non-Refundable) | Submission | $2,500 |
| Buyer | Flip Tax (Non-Refundable) | Closing | $___ equal to 3% of the Purchase Price |
| Buyer | Health Club Membership Fee | Closing | $2,500 |
| Buyer | Recognition Agreement Fee (If Financing) (Non-Refundable) | Closing | $300 (if applicable) |
| Seller | Managing Agent's Fee (Non-Refundable) | Closing | $900 (If Seller is an Individual) $1000 (If Seller is an Estate) |
| Seller | New York State Stamp Tax (Non-Refundable) | Closing | $0.05 per share |
| Buyer | Background Report Fee (Non-Refundable, (Required) See Ordering Procedures and Wire Instructions in Purchase Package | Submission | $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants |
less refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee (Non-Refundable) | Submission | $500 |
| Shareholder | Messenger Fees (Non-Refundable) | Submission | $35 |
more refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee (Non-Refundable) | Submission | $500 |
| Shareholder | Messenger Fees (Non-Refundable) | Submission | $35 |
single application initiation fee
One-time fee paid by the person who begins the application.
| payor | fee | due upon | amount |
|---|---|---|---|
|
Agent /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
|
Initiation
Initiation
N/A
|
$75
$120
Free
|
| Application Participants | Any | N/A | Free |
If you are a real estate agent affiliated with one of our enterprise brokerage clients starting an application is covered by your brokerage.
digital submission fee
| payor | fee | due upon | amount |
|---|---|---|---|
| New Resident | Purchase Sublet/Lease Storage Sale Parking Sale |
Submission | $65 |
| Current Resident | Renewal Refinance Transfer Storage Sale Parking Sale Alteration |
Submission | $45 |
app admin fee
| payor | due upon | amount |
|---|---|---|
| Any Participant Paying Building Fees | Submission | 5% of Total (excluding Digital Submission & Initiation Fees) |
For more detailed information, please see our Pricing page.
All property information and documentation provided by property management.
07/01/25