970 Park Avenue is a luxury residential housing cooperative

Housing cooperative

A housing cooperative is a legal entity—usually a corporation—that owns real estate, consisting of one or more residential buildings. Each shareholder in the legal entity is granted the right to occupy one housing unit, sometimes subject to an occupancy agreement, which is similar to a lease. ...

 in Manhattan

Manhattan

Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...

, New York City

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

.

970 was designed by the New York Architectural firm of Schwartz & Gross and built by the developers Bing & Bing

Bing & Bing

Bing & Bing was one of the most important apartment real estate developers in New York City in the early 20th century.The firm was founded by Leo S. Bing and his brother, Alexander M. Bing...

. It is located on Park Avenue

Park Avenue (Manhattan)

Park Avenue is a wide boulevard that carries north and southbound traffic in New York City borough of Manhattan. Through most of its length, it runs parallel to Madison Avenue to the west and Lexington Avenue to the east....

 at 83rd Street.

The 12-story building was erected in 1912. In 1940 the bank that owned the building reconfigured the building, altering the original spacious apartments into smaller units. In 1987 it was converted to a cooperative in 1987 by Martin J. Raynes; Raynes added two triplex penthouses with "greenhouse" studies, circular staircases and large terraces.