1040 Park Avenue #5E
MLS® #RLS20047521
Listing by Compass
2
Bedrooms
3
Baths
N/A
Sq. Ft.
1925
Year Built
Quick Summary
Property Highlights
- Exposure: North,South,West facing
- Fireplace: 1 fireplace
- Character: Pre-war building (1925)
Property Details
Description
For a century, 1040 Park Avenue has stood proudly at the gateway to Carnegie Hill, a commanding 14-story structure made of limestone and brick. Built in the Georgian style by architects Delano & Aldrich, this has long been a venerable address. Residence 5E, a spacious two-bedroom, three-bathroom home that spans nearly 2,000 square feet, captures elements of that sensibility while serving as a palette for its next owner's vision. Enter the home through the foyer and into the living room, a 30-foot-long space complete with a wood-burning fireplace. Large south-facing exposures provide all-day light. The mantel's detailing, paired with the richness of the black stone and the herringbone wood floors, speak to the building's pedigree. Pass through a hallways to the eastern wing of the home, where the formal dining room leads to a spacious kitchen. Both rooms have large windows, the dining room facing north and the kitchen with exposures to the north and west. Pantry closets, bar seating, and tons of counter space make this a highly functional and comfortable space. The principal bedroom suite faces south. In addition to an en-suite windowed bathroom, the room includes a large, 11-foot-deep walk-in closet, and a secondary supplemental closet. Tucked away through a hallway, it's a quiet and private enclave. Unusual for pre-war apartments, secondary bedroom is nearly as generous, with large north-facing exposures, a walk-in closet, and a secondary closet as well. It also has an en-suite windowed bathroom. As a rare bonus, this bedroom includes an en-suite office with a large built-in desk with shelves, set apart from the sleeping area and brightened by its own window. Rounding out the apartment is a full laundry room with wash sink, and a third full bathroom. This white-glove cooperative features a full-time doorman and concierge, and a live-in resident manager. Futher amenities include a gym, a common laundry room, bicycle storage, and private storage (subject to availability). Pets and pied-a-terres are allowed. Flip tax equal to 2% of the purchase price, and financing allowed up to 50%.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Upper East Side
View All Upper East Side ListingsThe Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its quiet, 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 NeighborhoodActive Listings
332
Median Asking Price
$1.65M
Median $/Sqft
$1,523
Avg Days on Market
N/A
New This Week
20
Price Reduced
27%
Sold (30 Days)
33
Median Sale Price
$1.50M
Live data from RLS at REBNY • Updated 4/20/26, 10:29 PM EST
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Location
1040 Park Avenue #5E, Upper East Side, New York County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
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Map & Location
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Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $5,483 per month. Confirm the exact amount with the listing broker 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 2 bedrooms and 3 full bathrooms.
According to MLS records, the building was constructed in 1925, making it approximately 101 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: Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.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) 416-7433Listing Courtesy of Compass - Nicholas H Gavin
Listing Contact: (646) 610-3055
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 Data display by Keller Williams NYC. Data last updated on 4/21/2026 at 2:29 AM UTC