1040 Fifth Avenue #3A, New York City, NY 10028
Listing Courtesy of Sothebys International Realty
$12,000,000
Potential Rebate: $180,000
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.
Home Features
- •Central Air
- •In Unit
- •Dryer
- •Dishwasher
- •Washer
- •Hardwood
- •City
Estimated Monthly Payment
$71,013 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$180,000
Monthly savings impact
$500/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS20054513
Price Analysis
Compare average listing prices and value metrics for 1040 Fifth Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
94.12% Lower
than the Upper East Side price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
