Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,995,000

· Closed June 3, 2022

1040 PARK Avenue #5J
Closed For Sale Co-op

$1,995,000

1040 PARK Avenue #5J

Upper East Side, Manhattan

PARK-86 APARTMENT C

MLS® #RLS10775003

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

2.5

Baths

N/A

Sq. Ft.

1924

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Year Built 1924
Ownership Co-op
Maintenance $3,959/mo
Neighborhood Upper East Side
Floor 14 of 14

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1924)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full, 1 Half
Floor 14 of 14
Pets Yes
Cross Street EAST 86 STREET and EAST 87 STREET
Year Built 1924
Architectural Style Prewar
Parcel # 1498-0033-01040-000-000005J

Listing History

Event Date Price Change
Listed Oct 13, 2021 $2,150,000 -
Currently May 10, 2026 $1,995,000 -7.2%

Description

Located in a distinctive Carnegie Hill co-op, enter the spacious gallery which sets the tone for this lovely prewar six-room home, designed for comfortable living and entertaining.

The grand living room has a wood-burning fireplace, plenty of wall space for your art collection, a built-in bookcase, herringbone floors, and two windows overlooking Park Avenue. There is ample space for an eight-person dining area.

The large primary bedroom also has a window onto Park Avenue, plus two deep closets and a windowed en suite bathroom. The second bedroom is equally large and has a wall of closets, two windows, and its own en suite bathroom which can also be accessed from the hall. The third bedroom has a closet and a half bath. There is an additional room that can serve as a charming office or study.

The windowed eat-in kitchen awaits your designer's magic touch. There is plenty of space to work with!

The apartment features include high ceilings, well-proportioned rooms, oversized windows, and beautiful hardwood floors; it transfers with a storage bin.

1040 Park Avenue was designed in 1924 by Delano & Aldrich. Cond Nast was one of the original tenants, and lived here in grand style until his death. It is a white-glove building, with full-time doorman, concierge, and resident manager. The building has a newly renovated lobby and a gym, and permits washer/dryers, pets, and pieds- -terre.

The building is located on the 86th Street corridor, close to Central Park and the Reservoir, Museum Mile, the boutiques and restaurants of Madison Avenue, and abundant public transportation.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $3,959/mo
Original Price $2,150,000
Sale Price $1,995,000
Previous Price $2,150,000

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

341

Median Asking Price

$1.80M

Median $/Sqft

$1,563

Avg Days on Market

N/A

New This Week

19

Price Reduced

29%

Sold (30 Days)

39

Median Sale Price

$1.59M

Live data from RLS at REBNY • Updated 5/9/26, 8:28 PM EST

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Location

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1040 PARK Avenue #5J, Upper East Side, New York County • Near EAST 86 STREET and EAST 87 STREET

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1924
Year Built
102 years old
14
Floors
88
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Park Avenue Historic District

Tax & Assessment

Assessed Value: $19,899,450
Land Value: $3,069,000
Exemptions: $116,830

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

Lot Area: 13,300 SF
Building Area: 162,651 SF
Built FAR: 12.23
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 $3,959 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 2 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. 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) 416-7433
MLS® ID: RLS10775003
First Listed: 10/13/2021
Price Changed: 6/4/2022
Closed: 6/3/2022
Contract Date: 10/12/2021

Listing Courtesy of Douglas Elliman Real Estate - Suzanne Sealy

Listing Contact: (917) 699-8871

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 5/10/2026 at 12:28 AM UTC

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