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

1088 Park Avenue

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 brokers could not be reached for comment.

The five-bedroom, 4.5-bathroom pad has had a rough go since 2005, when it was first listed with the Corcoran Group for a hair under $8 million, StreetEasy shows. The recession hit and the home went unsold.

With the explosion of the luxury market, the apartment found itself back 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 or the purchase date.

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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