Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 CENTRAL Park S #8H
Interested in this property?
Active For Rent Rental

$8,100/mo

$7 per sq ft

40 CENTRAL Park S #8H

Central Park South, Manhattan

MLS® #RLS20082724

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.

2

Bedrooms

2

Baths

1,160

Sq. Ft.

1941

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,160 sq ft
Year Built 1941
Ownership RentalBuilding
Neighborhood Central Park South
Floor 8 of 23

Property Highlights

  • Views: Other
  • Exposure: South facing
  • Fireplace: 1 fireplace

Property Details

Type Rental
Ownership Rental Building
Total Rooms 4
Baths 2 Full
Floor 8 of 23
View Other
Exposure South
Cooling Other
Pets Yes
Year Built 1941
Living Area 1,160 sq ft
Structure Type HighRise
Furnished Unfurnished
Basement Other
Block/Lot 01274/0006

Listing History

Event Date Price Change
Listed Apr 9, 2026 $8,100 -
Currently May 7, 2026 $8,100 -

Description

Pristine 2 bedroom/two bathroom layout overlooking MOMA-like gardens from extra-large windows. Beautiful, sunny living room, large dining foyer/gallery, full windowed kitchen, lots of closets.

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. It is close to Fifth Avenue stores, subway systems, restaurants, and much more.

Occupied Unit. At least 24 hours notice required for an appointment to show.

Features & Amenities

Interior Features

Building Other Fireplace (1)

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

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

Rental Details

Available

7/15/2026

Security Deposit

$8,100

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$8,100

Security Deposit

$8,100

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:

$675
Est. nightly rate
65%
Avg. occupancy
$13,163
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, 4:48 AM EST

Similar Listings in Central Park South

View All

Location

Loading map...

40 CENTRAL Park S #8H, 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 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,160 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 $8,100 for 1,160 sq ft, the asking price per square foot is approximately $7. 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: RLS20082724
First Listed: 4/9/2026
On Market: 4/9/2026
Price Changed: 4/9/2026
Contract Date: 4/9/2026

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 8:48 AM UTC

NYC Renter Guides

FARE Act: Who Pays Broker Fees Now?

The 2025 law that shifted broker fees from tenants to landlords.

Read article

NYC Renter's Rights 2026

Broker fee law, rent stabilization, and tenant protections.

Read article

Renting vs. Buying in NYC 2026

The math on when buying makes more sense than continuing to rent.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email