--- title: "1040 5th Avenue #3A, New York City, NY 10028" description: "1040 5th Avenue #3A, New York City, NY 10028 — Upper East Side, New York City, NY. Listing Price $12,000,000. 4 bed, 6 bath Illustrative Buyer Commission Share of $180,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-5th-avenue-a-3A-ny-10028" source: "Real Estate Rebate Team" status: "Active" --- # 1040 5th Avenue #3A, New York City, NY 10028 Upper East Side, New York City, NY Courtesy of Sothebys International Realty ## At a Glance - **Listing Price**: $12,000,000 - **Beds**: 4 - **Total Baths**: 6 - **Common Charges**: $11,952 / 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**: $12,000,000 - **Illustrative Buyer Commission Share**: -$180,000* - **Illustrative Net Cost**: $11,820,000 *Illustrative Buyer Savings of $180,000 — 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 #3A, New York City, NY 10028 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e6524729-dea3-416b-8fad-4c41614ec151.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ec59d890-7144-4d36-a080-d44a060a9fbb.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1434351b-c2c6-455c-b64f-0701dce3e278.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/65a539d0-75f7-4d97-9803-c675943131f0.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bfcc85f4-ec63-40a3-b70a-009d58bfd874.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f94d6784-c34a-4abf-9374-2f0db40a7396.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e0ec049d-68b2-4730-9de1-12a525db14f4.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3ec22711-0bb5-4f0c-8a35-ebadaa0ab7ab.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7f0349a8-162e-40a3-b36d-660741d581f1.jpg) ![1040 5th Avenue #3A, New York City, NY 10028 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/097f2bcd-b36d-4395-a91f-901af4a60308.jpg) ## Property Overview 1040 FIFTH AVENUE, APARTMENT 3A This glamorous and graceful twelve-into-ten room residence is ideally situated in the heart of the Metropolitan Museum Historic District. Designed by Rosario Candela, this corner residence is awash in southern and western light throughout the day and boasts beautiful tree-lined views of Central Park through oversized windows. The majestic sweep of this home epitomizes grace and elegance. Accessed via a private elevator landing, the elegant Gallery opens to a marvelous corner Living Room, featuring southern and western exposures, nearly 30 feet facing Fifth Avenue, and a wood-burning fireplace. Adjacent, the generous Dining Room shares the same delightful leafy Central Park outlooks. Nearby, the handsome wood- paneled Library overlooks leafy East 85th Street. Beyond, a spacious eat-in Kitchen is supported by a separate Breakfast Room, a Laundry Room, and a Staff Room with a full bath. A Powder Room completes the grand and welcoming sweep of the entertainment rooms. Serene private quarters include a vast south-facing Primary Bedroom (originally two separate bedrooms) with two large ensuite bathrooms and an expansive walk-in closet. There are two additional Bedrooms, both generous in size and with ensuite baths and very ample closets. Incorporating many of the stunning design elements as well as the sublime proportions and scale that distinguish the great buildings of the early twentieth Century in New York City, this apartment is endlessly appealing and recalls an era of understated elegance and privilege. 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**: 6 - **Rooms**: 10 - **Stories**: 17 - **Year Built**: 1930 - **Common Charges**: $11,952 / Monthly - **Listed On**: Jul 7, 2026 - **Days on Market**: 62 Days ### Residence Features - Central Air - In Unit - Dryer - Washer/Dryer Stacked - Dishwasher - Washer - Hardwood - City ## Sales Evidence ### Recent closed 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 The median closed price for comparable co-op four-bedroom sales in Upper East Side is $3,862,500, based on 31 sales between September 2024 and June 2026. This home is asking $12,000,000, $8,137,500 above that median. The middle half of those sales closed between $2,975,000 and $5,175,000. - **Median closed price**: $3,862,500 - **Middle half**: $2,975,000 – $5,175,000 - **Based on**: 31 co-op four-bedroom sales in Upper East Side - **Period**: September 2024 – June 2026 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. Across the 29 of these sales with a published asking price, the median closed at 93.7% of what it originally asked. 79% of them closed below the original ask. 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 - **Sold vs original ask**: 93.7% of the original ask - **Closed below ask**: 79% of 29 sales - **Listed → in contract**: 80 days (about 11 weeks) - **In contract → closed**: 115 days (about 16 weeks) Across the 29 of these sales with a published asking price, the median closed at 93.7% of what it originally asked. 79% of them closed below the original ask. Half of these homes were in contract within 80 days (about 11 weeks) of coming to market, based on the 29 with a recorded listing date. Once a deal was agreed, closing took a further 115 days (about 16 weeks), based on the 29 with both dates recorded. A co-op board package and its interview account for much of that. 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. Based on 31 co-op four-bedroom sales in Upper East Side, September 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op four-bedroom sales in Upper East Side, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | 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 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Upper East Side instead. 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) ## 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 1 active listing. - **Year Built**: 1930 - **Total Units**: 1 - **Floors**: 17 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-5th-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [3A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-5th-avenue-a-3A-ny-10028) | 4 | 6 | — | — | $12,000,000 | Sothebys International Realty | Jul 7, 2026 | 61 days | ## Estimated Monthly Payment **$72,631 / month**, assuming a 20% down payment ($2,400,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $60,679 - **Common Charges**: $11,952 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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.