Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 CENTRAL Park S #5B
Interested in this property?
Active For Rent Rental

$8,000/mo

$8 per sq ft

40 CENTRAL Park S #5B

Central Park South, Manhattan

MLS® #RLS20083710

RLS at REBNY

Listing by Essential New York Real Estate LLC

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

1

Bedroom

1

Bath

970

Sq. Ft.

1941

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 970 sq ft
Year Built 1941
Ownership RentalBuilding
Neighborhood Central Park South
Floor 5 of 23

Property Highlights

  • Views: Park Greenbelt
  • Exposure: North facing
  • Climate Control: Other

Property Details

Type Rental
Ownership Rental Building
Total Rooms 3
Baths 1 Full
Floor 5 of 23
View Park Greenbelt
Exposure North
Cooling Other
Pets Yes
Year Built 1941
Living Area 970 sq ft
Structure Type HighRise
Furnished Unfurnished
Basement Other
Block/Lot 01274/0006

Listing History

Event Date Price Change
Listed Apr 14, 2026 $8,000 -
Currently May 7, 2026 $8,000 -

Description

Grande One Bedroom with Central Park views from every room! This oversize apartment has brand new Granite counter tops and it spans almost 1,000 square feet. The high ceilings and original pre-war details give it a classic yet refined feel. The living room is extra long giving you many different arrangement opportunities. The huge wall of windows on one end looks directly into the lush forest of trees of Central Park. The kitchen has nice finishes and plenty of counter space. On the other end of the living room is a dining alcove or library which is next to the windows viewing the park, perfect for a table to sit and eat or sit and read while the light and energy of the park pours in.

The bedroom itself is also extremely large, with a large walk-in closet (one of four closets in the apartment) and more park views. There is more than enough room for a King bed with the accompanying furniture. There is a large en-suite bathroom that has a soaking cast-iron tub and separate glass stall shower.

The building is a full-service, white-glove, doorman building with concierge, key-locked elevators, and exercise room. Located steps away from Central Park in the prestigious and desirable Central Park South and Billionaire's row neighborhoods.

Occupied Apartment. 24 hours' notice required for appointment.

Features & Amenities

Interior Features

Building Other

Exterior Features

Building Roof Deck

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 139
Stories 23
Structure HighRise

Rental Details

Available

7/1/2026

Security Deposit

$8,000

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$8,000

Security Deposit

$8,000

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$667
Est. nightly rate
65%
Avg. occupancy
$13,007
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

Central Park South is one of the most recognized and sought-after residential stretches in the world. Often associated with 'Billionaires' Row,' the neighborhood offers unparalleled, unobstructed views of Central Park. The real estate market is a mix of legendary pre-war cooperatives, historic hotels-turned-residences, and soaring ultra-luxury glass towers that provide the pinnacle of New York City living and white-glove service.

Central Park South Live Market Data

View Neighborhood

Active Listings

100

Median Asking Price

$3.25M

Median $/Sqft

$2,191

Avg Days on Market

N/A

New This Week

5

Price Reduced

37%

Sold (30 Days)

3

Median Sale Price

$2.34M

Live data from RLS at REBNY • Updated 5/7/26, 5:56 AM EST

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Location

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40 CENTRAL Park S #5B, Central Park South, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1948
Year Built
78 years old
11
Floors
316
Residential Units
R10H
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $40,297,950
Land Value: $9,489,150
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 25,606 SF
Building Area: 269,346 SF
Built FAR: 10.52
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 970 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1941, making it approximately 85 years old.

This listing is RentalBuilding

Pets are permitted at this property: Refer to management. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $8,000 for 970 sq ft, the asking price per square foot is approximately $8. This figure is for reference only and may differ from appraised or assessed values.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20083710
First Listed: 4/14/2026
On Market: 4/14/2026
Price Changed: 4/14/2026
Contract Date: 4/14/2026

Listing Courtesy of Essential New York Real Estate LLC - Merav Shalhon

Listing Contact: (212) 750-1600

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/7/2026 at 9:56 AM UTC

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