Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1040 5th Avenue #5/6C

For Sale · Listing by Compass

1040 5th Avenue #5/6C

Upper East Side, Manhattan

$16,000,000

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Active For Sale • Co-op

$16,000,000

1040 5th Avenue #5/6C

Upper East Side, Manhattan

MLS® #RLS20122646

RLS at REBNY

Listing by Compass

4
Bedrooms
4.5
Baths
N/A
Sq. Ft.
1930
Year Built

Quick Summary

Bedrooms 4
Bathrooms 5 full, 1 half
Lot Size 11,283 sq ft
Year Built 1930
Ownership Co-op
Maintenance $14,567/mo
Neighborhood Upper East Side
Floor 1 of 17

Property Highlights

  • Exposure: East,North,West facing
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 12
Baths 4 Full, 1 Half
Floor 1 of 17
Exposure East,North,West
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1930
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Lot Size 11,283 sq ft
Block/Lot 01497/0001

Listing History

Event Date Price Change
Listed Oct 26, 2026 $16,000,000 -
Currently Oct 26, 2026 $16,000,000 -

Description

A Distinguished Fifth Avenue Duplex with Central Park Views. A rare offering at 1040 Fifth Avenue, this beautifully renovated four-bedroom, four-and-a-half-bath duplex brings together the gracious proportions and architectural character of a classic prewar residence with the comfort and sophistication of contemporary living. One of only 27 residences in this intimate, white-glove Rosario Candela-designed cooperative, the apartment is entered through a semi-private elevator landing that opens to an elegant entrance gallery. From there, generously proportioned rooms unfold across two floors, distinguished by high ceilings, herringbone floors, custom moldings, abundant built-in storage, and two wood-burning fireplaces. Original prewar details are complemented by central air conditioning and sophisticated technology throughout. The expansive living room enjoys Central Park views and is anchored by a wood-burning fireplace, creating an elegant setting for entertaining or relaxed everyday living. An adjoining library/den, thoughtfully finished in rich blue tones, offers a more intimate space for reading or quiet conversation. With its electronic blackout shades, the room can also be transformed into a private movie room, creating a versatile space for both everyday living and entertaining. The formal dining room, with a Juliet balcony, comfortably accommodates both large gatherings and more intimate dinners and flows naturally into the beautifully designed eat-in kitchen. With its impressive domed ceiling, generous breakfast area, oversized island with seating, and abundant natural light from a newly added window, the kitchen is as inviting as it is functional. It features two sinks, two dishwashers, and a show-stopping custom eight-burner BlueStar range and hood, with an interchangeable built-in grill option. A sophisticated collection of additional appliances includes Gaggenau, Viking, and Miele. A striking staircase leads to the private upper level, which also has its own separate entrance, creating a beautifully defined bedroom level with additional living spaces and a sense of privacy from the entertaining rooms below. The spacious primary suite also features a Juliet balcony, en-suite bath, custom closets, and a large walk-in closet. Two additional bedrooms each have en-suite baths and beautiful Central Park views. A multi-purpose fourth bedroom is currently configured as a media room and private gym, while a separate windowed home office provides a quiet and private workspace. Thoughtfully integrated technology enhances the home without compromising its classic character. Custom electronic shades are installed throughout, while lighting, HVAC, and shades can all be controlled conveniently from a smartphone. Hidden built-in speakers, discreetly integrated so they are virtually invisible, are located throughout the main entertaining rooms and primary suite. Built in 1930, 1040 Fifth Avenue is one of the Upper East Side's distinguished prewar cooperatives, known for its privacy and attentive white-glove service. The location places Central Park, the city's renowned museums and cultural institutions, along with chic restaurants, boutiques, and excellent schools, just outside your door. A private storage room transfers with the sale. The cooperative does not permit financing. A 2% flip tax is payable by the purchaser.

Features & Amenities

Interior Features

Entrance Foyer Eat In Kitchen Pantry Walk In Closets Common On Floor Common Area In Unit Flooring: Hardwood Fireplace (1)

Building Amenities

Bike Storage Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 29
Stories 17
Structure MultiFamily

Financial Details

Maintenance $14,567/mo

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

323

Median Asking Price

$1.67M

Median $/Sqft

$1,395

Avg Days on Market

N/A

New This Week

13

Price Reduced

26%

Sold (30 Days)

51

Median Sale Price

$1.73M

Live data from RLS at REBNY • Updated 10/26/26, 3:28 PM EST

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Location

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1040 5th Avenue #5/6C, Upper East Side, New York County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
17
Floors
28
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Metropolitan Museum Historic District

Tax & Assessment

Assessed Value: $19,319,850
Land Value: $3,213,000
Exemptions: $0

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

Lot Area: 11,200 SF
Building Area: 146,235 SF
Built FAR: 13.06
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 monthly maintenance are $14,567 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 4 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 1930, making it approximately 96 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. 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) 416-7433
MLS® ID: RLS20122646
First Listed: 10/26/2026
On Market: 10/26/2026
Price Changed: 10/26/2026
Contract Date: 9/16/2026

Listing Courtesy of Compass - Kimberly Walker Church

Listing Contact: (917) 533-6316

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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/26/2026 at 7:28 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Upper East Side Market Update

51 sales last 30 days · $1.67M median · 6.3 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Upper East Side Borough Manhattan
County New York
Floor 1 of 17
Year Built 1930
First Listed 10/26/2026
Maintenance $14,567/mo

Monthly Costs Estimate

Down Payment 20%

$3,200,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $14,567
Total Monthly $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 $15M to $19,999,999 at 3.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$560,000

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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