Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1040 PARK Avenue #7E

For Sale · Listing by Douglas Elliman Real Estate

1040 PARK Avenue #7E

Carnegie Hill, Manhattan

$2,995,000

Interested in this property?
Active For Sale Co-op

$2,995,000

1040 PARK Avenue #7E

Carnegie Hill, Manhattan

MLS® #RLS20106224

RLS at REBNY

Listing by Douglas Elliman Real Estate

2
Bedrooms
2
Baths
N/A
Sq. Ft.
1924
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1924
Ownership Co-op
Maintenance $5,631/mo
Neighborhood Carnegie Hill
Floor 7 of 14

Property Highlights

  • Views: City
  • Exposure: North,South facing
  • Fireplace: 1 fireplace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 7 of 14
View City
Exposure North,South
Pets Yes
Year Built 1924
Structure Type HighRise
Basement Other
Parcel # 1498-0033-01040-000-000007E
Block/Lot 01498/0033

Listing History

Event Date Price Change
Listed Jul 29, 2026 $2,995,000 -
Currently Jul 29, 2026 $2,995,000 -

Description

If you've been waiting for the right opportunity to own a classic pre-war residence, now is the time to consider 1040 Park Avenue. Perfectly positioned on the iconic northwest corner of Park Avenue and 86th Street, just two blocks from Central Park, this elegant five-room residence offers the timeless scale, architectural character, and gracious proportions that define Carnegie Hill's most distinguished homes. The expansive living room and formal dining room were originally part of a grand twelve-room apartment, creating an extraordinary sense of volume rarely found today. A wood-burning fireplace serves as the centerpiece of the living room, while the oversized eat-in kitchen, separate laundry room with in-unit washer and dryer, along with additional generous sized laundry room in the building. Two generously proportioned bedrooms, two baths, and exceptional walk-in closet space provide both comfort and functionality. For buyers seeking additional flexibility, this floor plan has been successfully reconfigured in other apartments within the building to create a three-bedroom residence. Additional private storage is available in the building for a monthly fee, subject to availability. 1040 Park Avenue is one of Carnegie Hill's most sought-after white-glove pre-war cooperatives. Residents enjoy the highest level of service with a 24-hour doorman, concierge, porter, and full-time resident manager. Located at the prestigious northwest corner of Park Avenue and 86th Street, the building is two blocks from Central Park, Museum Mile, Madison Avenue's renowned boutiques and restaurants, and convenient public transportation in every direction. Building policies permit a maximum of 50% financing. A 2% flip tax is payable to the cooperative corporation, with responsibility determined by the terms negotiated between the purchaser and seller. Available to be shown by appointment Monday - Friday 10am -6pm.

Features & Amenities

Interior Features

Separate Formal Dining Room Building Other Washer Hookup In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Bike Storage Elevators Storage

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 85
Stories 14
Structure HighRise

Financial Details

Maintenance $5,631/mo

Carnegie 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 Neighborhood

Active Listings

92

Median Asking Price

$2.66M

Median $/Sqft

$1,665

Avg Days on Market

N/A

New This Week

2

Price Reduced

41%

Sold (30 Days)

19

Median Sale Price

$2.40M

Live data from RLS at REBNY • Updated 7/29/26, 1:05 PM EST

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Location

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1040 PARK Avenue #7E, Carnegie Hill, New York County

Floor Plans

Floor Plan 1

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $5,631 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

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 milton@miltoncoste.com. 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: RLS20106224
First Listed: 7/29/2026
On Market: 7/29/2026
Price Changed: 7/29/2026
Contract Date: 7/29/2026

Listing Courtesy of Douglas Elliman Real Estate - Howard N Margolis

Listing Contact: (917) 509-7620

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 7/29/2026 at 5:05 PM UTC

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Carnegie Hill Market Update

19 sales last 30 days · $2.66M median · 4.8 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Carnegie Hill Borough Manhattan
County New York
Floor 7 of 14
Year Built 1924
First Listed 7/29/2026
Maintenance $5,631/mo

Monthly Costs Estimate

Down Payment 20%

$599,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $5,631
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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