--- title: "1040 5th Avenue #16, New York City, NY 10028" description: "1040 5th Avenue #16, New York City, NY 10028 — Upper East Side, New York City, NY. Listing Price $35,000,000. 4 bed, 5 bath Illustrative Buyer Commission Share of $525,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-5th-avenue-16-ny-10028" source: "Real Estate Rebate Team" dateModified: "2026-09-17T16:31:53.736Z" status: "Active" --- # 1040 5th Avenue #16, New York City, NY 10028 Upper East Side, New York City, NY Courtesy of Compass Last updated: September 17, 2026, 12:31 PM ## At a Glance - **Listing Price**: $35,000,000 - **Beds**: 4 - **Total Baths**: 5 - **Common Charges**: $18,574 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $35,000,000 - **Illustrative Buyer Commission Share**: -$525,000* - **Illustrative Net Cost**: $34,475,000 *Illustrative Buyer Savings of $525,000 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![1040 5th Avenue #16, New York City, NY 10028 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/395f317a-2a05-48c6-bd0e-bc5ba0a05030.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dbb8462-151d-4423-b371-0e02d4b9b15a.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a323e50-c1ec-46c7-a529-ede8091f5d30.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bfbdea22-d6f5-457a-8cb6-6cd6ba8bf190.png) ![1040 5th Avenue #16, New York City, NY 10028 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c94c42f-6e7d-458b-adc6-8477304caad3.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b449c20c-3b7b-4cf7-9ba5-69141a2de82c.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4fa4e344-42ca-4990-80e2-05d58807149f.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa833a96-dfe0-426f-be68-8911fa4ca3ae.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6dbb5fdc-cf0b-4681-8c8e-eda4817ffb79.jpg) ![1040 5th Avenue #16, New York City, NY 10028 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c980ed1-9431-4f42-ac70-572be6af4ba9.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Total Baths**: 5 - **Rooms**: 11 - **Stories**: 17 - **Year Built**: 1930 - **Common Charges**: $18,573.94 / Monthly - **Listed On**: Sep 17, 2026 - **Days on Market**: 1 Days ### Residence Features - Common On Floor - Common Area - In Unit - Private Outdoor Space Over 60 Sqft ## Estimated Monthly Payment **$195,553 / month**, assuming a 20% down payment ($7,000,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $176,979 - **Common Charges**: $18,574 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 3 apartments at 1040 5th Avenue have recorded sales since September 2021, the most recent for $25,000,000 in May 2023. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 9/10C (Apartment) | 4 | $25,000,000 | May 4, 2023 | City record · MLS | | 1A/MR#7 (Apartment) | 3 | $3,200,000 | February 16, 2023 | City record · MLS | | 7/8B (Apartment) | 3 | $8,350,000 | October 13, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $35,000,000 - **Median sold price**: $3,862,500 - **Difference**: +$31,137,500 (+806.1%) - **Comparable sales**: 31 - **Sales from**: September 2024 – June 2026 - **Middle half of those sales**: $2,975,000 – $5,175,000 Based on co-op four-bedroom sales in Upper East Side. Square footage is recorded for only 14 of these 31 sales (45%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Upper East Side instead. ### How these sales were negotiated - **Sale-to-list price**: 93.7% (29 sales) - **Sold below asking**: 79% (29 sales) - **Typical time to find a buyer**: 80 days (29 sales) - **Typical time to close**: 115 days (29 sales) Based on co-op four-bedroom sales in Upper East Side with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op four-bedroom sales in Upper East Side | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $6,431,250 | 15 | | 2018 | $5,600,000 | 13 | | 2019 | $5,200,000 | 15 | | 2021 | $3,238,500 | 19 | | 2022 | $5,475,000 | 24 | | 2024 | $3,200,000 | 19 | | 2025 | $4,225,000 | 18 | Based on recorded co-op four-bedroom sales in Upper East Side. Sales data through June 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 1040 5th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-5th-avenue) ## Price and Property History for 1040 5th Avenue, Unit 16 Review the recorded listing activity for 1040 5th Avenue, Unit 16, including asking-price changes and prior market dates. | Date | Price | Listing event | | --- | --- | --- | | September 17, 2026 | $35,000,000 | Returned to the market | | April 20, 2026 | $35,000,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 28 apartments. The corporation’s 2026 property tax bill was $2,253,938 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 1040 5th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-5th-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1040 5th Avenue 1040 5th Avenue, New York, NY 10028 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 1930 - **Active Units**: 2 - **Floors**: 17 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-5th-avenue) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [16](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-5th-avenue-16-ny-10028) | 4 | 5 | — | — | $35,000,000 | Compass | Sep 17, 2026 | 1 days | | [3A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-5th-avenue-a-3A-ny-10028) | 4 | 6 | 4,363 sqft | $2,750 | $12,000,000 | Sothebys International Realty | Jul 7, 2026 | 73 days | ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## Upper East Side Overview of Upper East Side [Explore Upper East Side](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Upper East Side - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) - [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island) - [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) ## Related Links - [1040 5th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-5th-avenue) - [Upper East Side neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.