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1040 Park Avenue 7ENew York, NY 10028

For Sale

$2,995,000

Smart Buyer Rebate $37,438

If you've been waiting for the right opportunity to own a classic pre-war residence, now is the time to consider 1040 Park Avenue. Perfectly positioned on the iconic northwest corner of Park Avenue and 86th Street, just two blocks from Central Park, this elegant five-room residence offers the timeless scale, architectural character, and gracious proportions that define Carnegie Hill's most distinguished homes. The expansive living room and formal dining room were originally part of a grand twelve-room apartment, creating an extraordinary sense of volume rarely found today. A wood-burning fireplace serves as the centerpiece of the living room, while the oversized eat-in kitchen, separate laundry room with in-unit washer and dryer, along with additional generous sized laundry room in the building. Two generously proportioned bedrooms, two baths, and exceptional walk-in closet space provide both comfort and functionality. For buyers seeking additional flexibility, this floor plan has been successfully reconfigured in other apartments within the building to create a three-bedroom residence. Additional private storage is available in the building for a monthly fee, subject to availability. 1040 Park Avenue is one of Carnegie Hill's most sought-after white-glove pre-war cooperatives. Residents enjoy the highest level of service with a 24-hour doorman, concierge, porter, and full-time resident manager. Located at the prestigious northwest corner of Park Avenue and 86th Street, the building is two blocks from Central Park, Museum Mile, Madison Avenue's renowned boutiques and restaurants, and convenient public transportation in every direction. Building policies permit a maximum of 50% financing. A 2% flip tax is payable to the cooperative corporation, with responsibility determined by the terms negotiated between the purchaser and seller. Available to be shown by appointment Monday - Friday 10am -6pm.

Listed by Howard N Margolis

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Douglas Elliman Real Estate

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(917) 509-7620

Listed by Victor Larroche

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Douglas Elliman Real Estate

Last updated July 29, 2026

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Source: REBNY #RLS20106224

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCo-op
  • NeighborhoodCarnegie Hill
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu2
  • HOA/Maint. Fees$5,631/month

Amenities

  • Private Outdoor Space
  • Pets Allowed
  • Concierge

Location

Mortgage Calculator

Listing History

07/29/2026
Listed by Douglas Elliman Real Estate
$2,995,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$37,437
Bank Attorney
$1,500
Other Closing Costs
$4,000
Total
$46,937

Estimated closing costs are based on the list price of $2,995,000 and a 50% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1040 Park Avenue 7E

Association

Amenities

  • Pets Allowed: Building Yes, Yes
  • Concierge: Doorman Full Time, Concierge Part Time

Fees

  • Association Fee: $5,631.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: Buyer Or Seller

Exterior

Construction

  • Number Of Units Total: 85
  • Stories Total: 14
  • Structure Type: High Rise
  • Year Built: 1924
  • Entry Level: 7

Features

  • Building Features: Elevator(s), Storage
  • View: City

Financial

Taxes

  • Parcel Number: 1498-0033-01040-000-000007E

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Separate/Formal Dining Room

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 5

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Carnegie Hill
  • Tax Block: 01498
  • Tax Lot: 0033

Utilities

Equipment

  • Laundry Features: Washer Hookup, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There are 2 bedrooms and 2 bathrooms in this co-op at 1040 Park Avenue 7E.

Are pets allowed at 1040 Park Avenue?

Yes, 1040 Park Avenue allows pets.

How does 1040 Park Avenue 7E compare to other co-ops in Carnegie Hill?

This co-op is listed 2% above the average price for co-ops in Carnegie Hill and has been on the market for 171 less days than the typical home in this area.

1040 Park Avenue 7E is a 2-bedroom, 2-bath co-op for sale in New York NY 10028. Available on Prevu for 2 days at $2,995,000. This property is located in Carnegie Hill. The median listing price for co-ops in this area is $2,250,000. Property amenities include private outdoor space, pets allowed, and doorman. Explore more co-op listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.