For Sale · Listing by Coldwell Banker Warburg
1040 PARK Avenue #8E
Carnegie Hill, Manhattan
$2,985,000
1040 PARK Avenue #8E
MLS® #RLS20120792
Listing by Coldwell Banker Warburg
- 3
- Bedrooms
- 3.5
- Baths
- N/A
- Sq. Ft.
- 1924
- Year Built
Quick Summary
Property Highlights
- Views: City
- Fireplace: 1 fireplace
- Climate Control: Other
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Oct 14, 2026 | $2,985,000 | - |
| Currently | Oct 14, 2026 | $2,985,000 | - |
Description
This gracious three-bedroom, three-and-a-half-bath residence on Park Avenue offers generous proportions, abundant natural light, and a flexible floor plan with exceptional potential to create a home tailored to the next owner. The expansive living and dining rooms offer ample space for everyday living and entertaining, with desirable southern exposure and a wood-burning fireplace anchoring the living room. Architecturally detailed beamed ceilings enhance the home's character. The generous kitchen and adjoining areas can be transformed into a substantial eat-in kitchen and den. The kitchen includes additional under-counter refrigeration and a wine drawer. A separate bedroom wing provides privacy from the home's main entertaining spaces. The south-facing primary suite features an en-suite bath and through-the-wall air conditioning. The second bedroom also enjoys an en-suite bath. A generously proportioned third bedroom, additional full bath, and powder room complete the layout. Ample closet space is found throughout, and central air conditioning may be installed, subject to building approval. There is an in-unit washer/dryer. With its gracious scale, southern light, wood-burning fireplace, and adaptable floor plan, the residence presents a rare opportunity to create a truly special Park Avenue home. Designed by Delano & Aldrich and built in 1925, 1040 Park Avenue is a distinguished full-service cooperative offering a doorman, lobby concierge, lobby-level fitness center, bicycle storage, and laundry room. Basement storage bins are available for rent. One block from the subway and cross-town bus, 1040 Park Avenue offers convenient access to schools, museums, Central Park, and major attractions. Pied-à-terre ownership and pets are permitted, with board approval. The building allows up to 50% financing. A 2% flip tax is payable by the purchaser.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Carnegie Hill
View All Carnegie Hill ListingsCarnegie Hill is a low-traffic residential section of the Upper East Side defined by proximity to Central Park and Museum Mile. The area features low-rise historic architecture and large pre-war cooperatives, with landmarked blocks and boutique retail along Madison Avenue.
Carnegie Hill Live Market Data
View NeighborhoodActive Listings
103
Median Asking Price
$2.15M
Median $/Sqft
$1,524
Avg Days on Market
N/A
New This Week
5
Price Reduced
32%
Sold (30 Days)
17
Median Sale Price
$2.00M
Live data from RLS at REBNY • Updated 10/14/26, 6:45 PM EST
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Location
1040 PARK Avenue #8E, Carnegie Hill, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $5,684 per month. Confirm the exact amount with Milton Coste before making an offer.
This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.
According to MLS records, the building was constructed in 1924, making it approximately 102 years old.
This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.
Pets are permitted at this property: Pets Allowed With Board Approval.,Building Pets Allowed Comments:Pets Allowed With Board Approval.. Contact Milton Coste for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Coldwell Banker Warburg - Victoria G Hersh
Listing Contact: (917) 626-9088
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.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 10/14/2026 at 10:45 PM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 1040 PARK Avenue #8E
At $2,985,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Carnegie Hill Market Update
17 sales last 30 days · $2.15M median · 6.1 months supply
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Quick Facts
Monthly Costs Estimate
$597,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$37,313
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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