Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

940 Park Avenue #PHA

Pending · Listing by Sothebys International Realty

940 Park Avenue #PHA

Upper East Side, Manhattan

$4,900,000

Interested in this property?
Pending For Sale Co-op

$4,900,000

940 Park Avenue #PHA

Upper East Side, Manhattan

MLS® #RLS20054409

RLS at REBNY

Listing by Sothebys International Realty

5
Bedrooms
4
Baths
N/A
Sq. Ft.
1926
Year Built

Quick Summary

Bedrooms 5
Bathrooms 4
Lot Size 5,217 sq ft
Year Built 1926
Ownership Co-op
Maintenance $10,427/mo
Neighborhood Upper East Side
Floor 1 of 15

Property Highlights

  • Views: City
  • Outdoor Space: Wrap Around
  • Fireplace: 1 fireplace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 9
Baths 4 Full
Floor 1 of 15
View City
Cooling Central Air
Pets Yes
Year Built 1926
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 5,217 sq ft
Block/Lot 01493/0033

Listing History

Event Date Price Change
Listed Oct 14, 2025 $5,500,000 -
Price Reduced Mar 3, 2026 $5,400,000 -1.8%
Currently Aug 14, 2026 $4,900,000 -9.3%

Description

Welcome to the PH at 940 Park Avenue, a dignified duplex with up to 5 bedrooms and 4 full bathrooms spanning a generous 3,160 square feet. Marvel at the expansive wrap-around terrace, a stunning 775 square feet of outdoor bliss offering open views that capture the essence of Manhattan living. Step into an elegant entryway that sets the tone for the entire residence. The living room exudes warmth with a wood burning fireplace and showcases architectural beauty through huge arch-shaped windows. The interiors are bathed in natural light from all four exposures, also providing skyline views. The eat-in kitchen was recently renovated to perfection. A grand table, accommodating 8, sets the stage for memorable gatherings. Culinary enthusiasts will appreciate the two large islands and top-of-the-line appliances, including a Miele dishwasher, 6-burner gas stove, professional salamander, and a Sub-Zero refrigerator. The primary suite is privately located on the second floor of the duplex and is spacious with multiple closets, a large en-suite bathroom, and a separate dressing room. This level provides access to the terrace from the second living area. Convenience is key with an in-unit washer and dryer, central A/C downstairs, and split units upstairs. 940 Park Avenue is a full service cooperative. The penthouse resides on floors 15 & 16. The building offers a full time doorman and storage that trades with each apartment. 50% financing is required and there is a 2% flip tax. Pets are allowed. Sorry no pieds-a-terre. Some photos are virtually staged. While the kitchen was renovated the rest of the home still needs remodeling.

Features & Amenities

Interior Features

Eat In Kitchen Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Fireplace (1)

Exterior Features

Wrap Around

Building Amenities

Elevators

Appliances

Cooktop Dryer Dishwasher Gas Cooktop Refrigerator Washer

Building Information

Building Data View Compliance & Permits
Total Units 28
Stories 15
Structure MultiFamily

Financial Details

Maintenance $10,427/mo
Original Price $5,500,000
Previous Price $5,400,000

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

225

Median Asking Price

$1.75M

Median $/Sqft

$1,542

Avg Days on Market

N/A

New This Week

11

Price Reduced

39%

Sold (30 Days)

27

Median Sale Price

$998K

Live data from RLS at REBNY • Updated 8/14/26, 4:02 PM EST

Similar Listings in Upper East Side

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Location

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940 Park Avenue #PHA, Upper East Side, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1926
Year Built
100 years old
15
Floors
28
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Park Avenue Historic District

Tax & Assessment

Assessed Value: $7,450,650
Land Value: $1,156,500
Exemptions: $2,290

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

Lot Area: 5,216 SF
Building Area: 64,058 SF
Built FAR: 12.28
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 $10,427 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 5 bedrooms and 4 full bathrooms.

According to MLS records, the building was constructed in 1926, making it approximately 100 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.

Pet policy requires confirmation with Milton Coste. Additional notes: No Pets.

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: RLS20054409
First Listed: 10/14/2025
On Market: 10/14/2025
Price Changed: 3/3/2026
Pending Since: 4/11/2026
Contract Date: 10/14/2025

Listing Courtesy of Sothebys International Realty - Vannessa A Kaufman

Listing Contact: (212) 606-7639

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/14/2026 at 8:02 PM UTC

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Upper East Side Market Update

27 sales last 30 days · $1.75M median · 8.3 months supply

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Quick Facts

Status Pending Type Co-op Neighborhood Upper East Side Borough Manhattan
County New York
Floor 1 of 15
Year Built 1926
First Listed 10/14/2025
Maintenance $10,427/mo

Monthly Costs Estimate

Down Payment 20%

$980,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $10,427
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 $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$73,500

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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