1040 Park Avenue, Unit 5E

$1,750,000
Price
2
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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
...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%.

Amenities

  • Full-Time Doorman
  • Gym
  • Fireplace
  • Hardwood Floors
  • Elevator
  • Home Office
  • Chef's Kitchen
  • Northern Exposure
LISTING UPDATED: 09/30/2025 01:35 PM

Property Details for 1040 Park Avenue, Unit 5E

StatusContract Signed
Days on Market20
Taxes-
Maintenance$5,483 / month
Min. Down Pymt50%
Total Rooms5.0
Compass TypeCo-op
MLS Type-
Year Built1925
CountyNew York County
Buyer's Agent Compensation2.5%

Building

1040 Park Ave

88 Units14 StoriesBuilt in 1925
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Building Information for 1040 Park Avenue, Unit 5E

Building/Complex1040 Park AveFloor5Stories14Residences88Pet PolicyOnly Dogs AllowedPet Policy Details-Year Built1925Building AgePre-war

Payment Calculator

$10,888 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,405

Property Taxes

$0

Maintenance/Common Charges

$5,483

The Payment Calculator is for illustrative purposes only.

Property History for 1040 Park Avenue, Unit 5E

DateEvent & SourcePriceAppreciation
Sep 30, 2025

Contract Signed

Manual

Sep 10, 2025

Listed (Active)

Manual

$1,750,000
DateEvent & SourcePrice
09/30/2025

Contract Signed

Manual

09/10/2025

Listed (Active)

Manual

$1,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1040 Park Avenue, Unit 5E

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 6 Lillie D Blake
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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