--- title: "1040 PARK Avenue #7E, New York City, NY 10028" description: "1040 PARK Avenue #7E, New York City, NY 10028 — Carnegie Hill, New York City, NY. Listing Price $2,995,000. 2 bed, 2 bath Illustrative Buyer Commission Share of $44,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7e-ny-10028" source: "Real Estate Rebate Team" status: "Active" --- # 1040 PARK Avenue #7E, New York City, NY 10028 Carnegie Hill, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $2,995,000 - **Beds**: 2 - **Baths**: 2 - **Common Charges**: $5,631 / 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**: $2,995,000 - **Illustrative Buyer Commission Share**: -$44,925* - **Illustrative Net Cost**: $2,950,075 *Illustrative Buyer Savings of $44,925 — 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 (6) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/25bef6a6-e416-4a99-aafc-2a77ee164217.jpg) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/002c54a1-280f-4939-9853-a6ada484e484.jpg) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3278b4b-6350-4961-b827-3e0218218ad2.jpg) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6de4cd46-b49a-41b5-88c4-f498127a1e10.jpg) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b7a85d0a-7c71-4e31-9082-5f097722a287.jpg) ![1040 PARK Avenue #7E, New York City, NY 10028 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3c35bce6-a6a0-44dd-862a-3c3b70d72e82.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 2 - **Rooms**: 5 - **Stories**: 14 - **Year Built**: 1924 - **Common Charges**: $5,631 / Monthly - **Listed On**: Jul 29, 2026 - **Days on Market**: 43 Days ### Residence Features - Building Other - Washer Hookup - In Unit - Separate/Formal Dining Room - Washer Dryer Allowed - City ## Sales Evidence ### Recent closed sales 14 apartments at 1040 PARK Avenue have recorded sales since September 2021, the most recent for $800,000 in July 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | [10H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-h-10H-ny-10028) (Apartment) | 1 | 800 | $800,000 | $1,000/ft² | July 20, 2026 | City record · MLS | | 5E (Apartment) | 2 | — | $2,000,000 | — | February 4, 2026 | City record · MLS | | 12G2 (Apartment) | 1 | — | $495,000 | — | October 8, 2025 | City record · MLS | | 9D (Apartment) | 2 | — | $2,200,000 | — | June 16, 2025 | City record · MLS | | 5J (Apartment) | — | — | $1,300,000 | — | May 14, 2025 | City record | | 5D (Apartment) | 2 | — | $1,745,000 | — | February 25, 2025 | City record · MLS | | 6F (Apartment) | — | — | $2,750,000 | — | September 10, 2024 | City record | | 12E (Apartment) | 4 | — | $3,475,000 | — | December 5, 2023 | City record · MLS | | 10E (Apartment) | 3 | — | $1,860,000 | — | October 6, 2022 | City record · MLS | | 12G1 (Apartment) | 1 | 600 | $700,000 | $1,167/ft² | July 6, 2022 | City record | | 5J (Apartment) | 3 | — | $1,995,000 | — | June 3, 2022 | City record · MLS | | 13J (Apartment) | 2 | — | $1,900,000 | — | February 11, 2022 | City record · MLS | | 7E (Apartment) | 2 | — | $1,625,000 | — | November 23, 2021 | City record · MLS | | 12F (Apartment) | 3 | — | $2,700,000 | — | September 24, 2021 | 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 two-bedroom sales at 1040 PARK Avenue is $1,900,000, based on 5 sales between November 2021 and February 2026. This home is asking $2,995,000, $1,095,000 above that median. The middle half of those sales closed between $1,745,000 and $2,000,000. - **Median closed price**: $1,900,000 - **Middle half**: $1,745,000 – $2,000,000 - **Based on**: 5 two-bedroom sales at 1040 PARK Avenue - **Period**: November 2021 – February 2026 Square footage is recorded for only 0 of these 5 sales (0%), 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 4 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 75% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 96.5% of the original ask - **Closed below ask**: 75% of 4 sales - **Listed → in contract**: 52 days (about 7 weeks) - **In contract → closed**: 92 days (about 13 weeks) Across the 4 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 75% of them closed below the original ask. Half of these homes were in contract within 52 days (about 7 weeks) of coming to market, based on the 4 with a recorded listing date. Once a deal was agreed, closing took a further 92 days (about 13 weeks), based on the 4 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 5 two-bedroom sales at 1040 PARK Avenue, November 2021 – February 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 two-bedroom sales in Carnegie Hill, 2017 to 2026. 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 | $1,700,000 | 30 | | 2018 | $1,550,000 | 32 | | 2019 | $1,850,000 | 28 | | 2020 | $1,437,250 | 20 | | 2021 | $1,687,500 | 48 | | 2022 | $1,787,500 | 36 | | 2023 | $1,500,000 | 25 | | 2024 | $1,712,500 | 31 | | 2025 | $1,525,000 | 42 | | 2026 | $1,950,000 | 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 Carnegie Hill 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 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-park-avenue) ## Price and Property History for 1040 PARK Avenue, Unit 7E Review the recorded listing activity for 1040 PARK Avenue, Unit 7E, including asking-price changes and prior market dates. - **Last sold (recorded)**: $1,625,000 on November 23, 2021 | Date | Price | Listing event | | --- | --- | --- | | July 29, 2026 | $2,995,000 | Listed for sale by Douglas Elliman Real Estate | | November 23, 2021 | $1,625,000 | Sold — recorded sale price | | November 9, 2021 | $1,675,000 | Entered contract | | January 22, 2021 | $1,975,000 | Listed for sale by Douglas Elliman Real Estate | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 88 apartments. The corporation’s 2026 property tax bill was $2,197,585 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 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-park-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1040 PARK Avenue Carnegie Hill · Stock Cooperative 1040 PARK Avenue, New York, NY 10028 A building in Carnegie Hill, currently featuring 4 active listings. - **Year Built**: 1924 - **Total Units**: 4 - **Floors**: 14 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-park-avenue) ### Available Residences — For Sale (4) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [7E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7e-ny-10028) | 2 | 2 | — | — | $2,995,000 | Douglas Elliman Real Estate | Jul 29, 2026 | 43 days | | [11C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-c-11C-ny-10028) | 3 | 4 | 2,700 sqft | $1,109 | $2,995,000 — In contract | Douglas Elliman Real Estate | Jan 15, 2026 | 238 days | | [10H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-h-10H-ny-10028) | 1 | 1 | 800 sqft | $1,000 | $800,000 | Douglas Elliman Real Estate | Feb 3, 2026 | 219 days | | [7H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7h-ny-10028) | 1 | 1 | — | — | $950,000 | Douglas Elliman Real Estate | Aug 16, 2026 | 25 days | ## Estimated Monthly Payment **$20,775 / month**, assuming a 20% down payment ($599,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $15,144 - **Common Charges**: $5,631 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) ## Carnegie Hill Overview of Carnegie Hill [Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Carnegie Hill - [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 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-park-avenue) - [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) - [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.