Rarely does a Park Avenue penthouse come to market, let alone with a wrap-around terrace of this scale. From the moment you arrive at the private elevator vestibule and enter the elegant foyer, the door to the terrace welcomes you to this extraordinary opportunity. Spanning over 2000 square feet, the terrace is visible throughout this glamorous home. The living room and dining room feature herringbone oak floors, high ceilings, large picture windows and a wood burning fireplace with an exquisite marble and wood surround. The formal dining room easily accommodates seating for 12 and has direct access to the terrace for seamless entertaining alfresco. There are three generous bedrooms located in a private bedroom wing. The primary bedroom is awash in southern sunlight and has an ensuite bathroom as well as a door to a private sunny terrace with a lounge area perfect for quiet relaxation or spending time with friends and family. Both secondary bedrooms have ensuite baths and windows facing east for morning light. One of these is currently designed as a magnificent library lined with bookshelves. The windowed chef's kitchen has dual entrances to the dining room and central hall to facilitate elegant entertaining and also offers a cozy breakfast area. Next to the kitchen, there is a former staff room and full bathroom, which could serve as either a small bedroom, office, gym, or laundry room. 1070 Park Avenue is a prestigious prewar co-op located on 88th Street in the heart of Carnegie Hill, close to Central Park and and world famous museums like the Metropolitan Museum and the Guggenheim. Built in 1928 and designed by the prominent architectural firm Schwartz & Gross, 1070 Park is a full service building with full time doorman and concierge, live-in super and additional staff. Amenities include a well-appointed fitness room, basketball court, private storage, bike room, and laundry room. Pieds-a-terre, 50% financing and pets are allowed. There is a 2% flip tax paid by the purchaser.