Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $25,000,000

· Closed May 5, 2023

1040 5TH Avenue #9/10C
Closed For Sale Co-op

$25,000,000

1040 5TH Avenue #9/10C

Upper East Side, Manhattan

MLS® #RLS10886554

RLS at REBNY

Listing by Sotheby's International Realty, Inc.

4

Bedrooms

6.5

Baths

N/A

Sq. Ft.

1930

Year Built

Quick Summary

Bedrooms 4
Bathrooms 7 full, 1 half
Lot Size 11,200 sq ft
Year Built 1930
Ownership Co-op
Maintenance $16,993/mo
Neighborhood Upper East Side
Floor 9 of 17

Property Highlights

  • Views: Park Greenbelt
  • Exposure: East,West facing
  • Outdoor Space: Building Terrace, Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 14
Baths 6 Full, 1 Half
Floor 9 of 17
View Park Greenbelt
Exposure East,West
Cooling Central Air
Pets Yes
Year Built 1930
Architectural Style Prewar
Lot Size 11,200 sq ft

Listing History

Event Date Price Change
Listed Apr 28, 2021 $32,000,000 -
Price Reduced Sep 9, 2022 $27,000,000 -15.6%
Currently May 2, 2026 $25,000,000 -7.4%

Description

Remarkably graceful, this exceptional high floor duplex is a superb example of Rosario Candela's beautiful and masterful work. Exceedingly large, the glorious and sunlit residence is comprised of 14 impeccably proportioned and scaled rooms, and has the good fortune to be situated in one of Carnegie Hill's most prestigious and sought-after white-glove cooperative buildings. Ideal for both grand living and extraordinary entertaining, the apartment is distinguished by endless rooms with picture perfect views from an extraordinary 18 oversized windows facing directly onto Central Park. Upon entry, this celebrated apartment opens to a private elevator landing, and beyond there is an impressive marble-floored Gallery. Graced by the original marble staircase with wrought iron balustrade, the Gallery in turn anchors each of the principal entertaining rooms. Majestically perched over Central Park, the 30-foot Living Room includes two sets of double doors and a wood burning fireplace. It is flanked by a large and handsome oak paneled Library and an elegant formal Dining Room, each with a marble-mantled wood burning fireplace and divine tree-top outlooks. A Powder Room with Ante Room is conveniently and graciously located off of the Gallery. The back of house includes an enormous windowed Kitchen, a Pantry and a Breakfast Room, as well as a Laundry Room, Staff Room and Bath, and a back stairway. There is also an unexpected east facing elongated terrace that could be accessed from an expanded breakfast area, and would be lovely for a step out to enjoy a bright morning or the crisp evening air. The upstairs private quarters include a marvelous Master Suite with wood burning fireplace and a Park facing Dressing Room and Bath. There are three more very large Bedrooms, two of which front onto the Park, plus abundant closets, including a proper walk-in linen closet and a big cedar closet. Several additional Staff Rooms and Baths complete the floor. Incorporating many of the stunning design elements that distinguish the great buildings of the early Twentieth Century in New York City, this apartment is most certainly an architectural tour de force. Having been owned by the same family for over fifty years, the opportunity to purchase this Fifth Avenue Candela trophy property is rare.

Features & Amenities

Interior Features

Separate Formal Dining Room Entrance Foyer Eat In Kitchen Building Washer Dryer Install Allowed Common Area Fireplace

Exterior Features

Building Terrace Terrace

Appliances

Dryer Washer Dryer Allowed Washer

Building Information

Building Data View Compliance & Permits
Total Units 28
Stories 17
Style Prewar

Financial Details

Maintenance $16,993/mo
Original Price $32,000,000
Sale Price $25,000,000
Previous Price $27,000,000

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

338

Median Asking Price

$1.67M

Median $/Sqft

$1,534

Avg Days on Market

N/A

New This Week

29

Price Reduced

30%

Sold (30 Days)

37

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 5/2/26, 2:05 PM EST

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Location

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1040 5TH Avenue #9/10C, Upper East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
17
Floors
28
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Metropolitan Museum Historic District

Tax & Assessment

Assessed Value: $19,319,850
Land Value: $3,213,000
Exemptions: $36,000

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

Lot Area: 11,200 SF
Building Area: 146,235 SF
Built FAR: 13.06
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 $16,993 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 4 bedrooms and 6 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.

Pet policy requires confirmation with the listing broker.

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: RLS10886554
First Listed: 4/28/2021
Price Changed: 9/9/2022
Closed: 5/5/2023
Contract Date: 4/28/2021

Listing Courtesy of Sotheby's International Realty, Inc. - Serena Boardman

Listing Contact: (212) 606-7611

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 5/2/2026 at 6:05 PM UTC

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