--- title: "1040 PARK Avenue #7E, New York, NY 10028" description: "1040 PARK Avenue #7E, New York, NY 10028 — NYC real estate listing on Real Estate Rebate Team. Priced at $2,995,000. Est. potential buyer savings up to $74,875 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7e-ny-10028" source: "Real Estate Rebate Team" --- # 1040 PARK Avenue #7E, New York, NY 10028 > **Listing Courtesy of:** Douglas Elliman Real Estate ## Description 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 - **Price**: $2,995,000 - **Potential Buyer Rebate**: $74,875 - **Bedrooms**: 2 - **Bathrooms**: 2 - **Property Type**: Residential - **Year Built**: 1924 - **Building**: 1040 PARK Avenue - **Neighbourhood**: Carnegie Hill - **Area / Borough**: Manhattan - **Subdivision**: Carnegie Hill - **Listing Office**: Douglas Elliman Real Estate - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$74,875** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/1040-park-avenue) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/carnegie-hill) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > 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.