For Sale · Listing by Compass
1040 5th Avenue #16
Upper East Side, Manhattan
$35,000,000
1040 5th Avenue #16
MLS® #RLS20086421
Listing by Compass
- 4
- Bedrooms
- 4.5
- Baths
- N/A
- Sq. Ft.
- 1930
- Year Built
Quick Summary
Property Highlights
- Outdoor Space: Terrace
- Fireplace: 1 fireplace
- Character: Pre-war building (1930)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 17, 2026 | $35,000,000 | - |
| Currently | Sep 17, 2026 | $35,000,000 | - |
Description
Rare and wonderful, this glamorous terraced residence is an aerie with spectacular views of Central Park and the Jacqueline Kennedy Onassis Reservoir. This exceptional apartment is situated atop one of Rosario Candela's most notable buildings and is an architectural tour de force. Remarkably elegant and graceful, this home is a superb example of Candela's masterful work. Spanning the entire sixteenth floor with a park-facing terrace, the apartment is awash in glorious sunlight throughout the day with unobstructed views in all directions. Incorporating many of the design elements as well as the proportion and scale that distinguish the great buildings of the early twentieth century in New York City, the 16th floor at 1040 Fifth recalls an era of truly timeless elegance. All the principal rooms open onto surrounding terraces, and french doors throughout invite indoor-outdoor living. Rare glass terrace parapets allow the apartment's sweeping views of the Park to be felt in every room. Accessed via a private elevator landing, the grand Gallery opens to three spectacular entertainment rooms: a marvelous west-facing Living Room, nearly 30 feet in length, with three sets of tall French casement doors opening to the Terrace; an exquisite south-facing wood-paneled Library; and a handsome south-facing Dining Room. The Living Room and Library have wood-burning fireplaces, and all three rooms are perfect in proportion and scale. Nearby, ample closets and an elegant Powder Room complete the grand and welcoming sweep of the entertainment rooms. A spacious eat-in Kitchen opens to a separate Breakfast Room with charming French doors to a small terrace and city skyline views to the south. The bright Kitchen enjoys morning sun and city views to the north and east, and features top-of-the-line appliances and a generous Pantry. A Laundry Room, large Utility Room (which could easily serve as a Playroom or Gym), and two Staff Rooms with a shared Bath, accessed via two private hallways, complete this wing of the residence. Serene private bedroom quarters include an extraordinarily stunning Primary Bedroom suite with a wood-burning fireplace and three magical exposures with breathtaking views of Central Park and the Reservoir. The suite includes a Dressing Room with a large picture window and a spacious ensuite Bathroom. There are three additional bedrooms, all generous in size, two of which have Central Park and sunset views while the third enjoys open city views and morning sunlight from the east. Rosario Candela's enduring and iconic 1929 design is notable for its limestone façade, inventive detail, and its magnificent assemblage of truly splendid simplex and duplex apartments. Residents benefit from the highest level of service and discretion, as well as private storage rooms. One of New York's most prestigious addresses since its inception, 1040 Fifth Avenue continues to set the standard for timeless elegance and classic design. Please note that financing is not permitted. There is a 2% flip tax payable by the buyer, and purchases under trusts are allowed, subject to legal and board approval. Pets are welcome.
Features & Amenities
Interior Features
Exterior 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 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 NeighborhoodActive Listings
281
Median Asking Price
$1.69M
Median $/Sqft
$1,435
Avg Days on Market
N/A
New This Week
51
Price Reduced
23%
Sold (30 Days)
60
Median Sale Price
$1.25M
Live data from RLS at REBNY • Updated 9/17/26, 6:31 PM EST
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1040 5th Avenue #16, Upper East Side, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $18,573.94 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. 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) 416-7433Listing Courtesy of Compass - Alexa P Lambert
Listing Contact: (917) 403-8819
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 9/17/2026 at 10:31 PM UTC
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Upper East Side Market Update
60 sales last 30 days · $1.69M median · 4.7 months supply
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Quick Facts
Monthly Costs Estimate
$7,000,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$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 $25M and above at 3.90%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$1,365,000
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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