--- title: "1040 PARK Avenue #7H, New York City, NY 10028" description: "1040 PARK Avenue #7H, New York City, NY 10028 — Carnegie Hill, New York City, NY. Listing Price $950,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $14,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7h-ny-10028" source: "Real Estate Rebate Team" status: "Active" --- # 1040 PARK Avenue #7H, New York City, NY 10028 Carnegie Hill, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $950,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $2,227 / 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**: $950,000 - **Illustrative Buyer Commission Share**: -$14,250* - **Illustrative Net Cost**: $935,750 *Illustrative Buyer Savings of $14,250 — 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 (8) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3694b9b4-bfb3-4d17-a8ab-38445368e17f.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a4207151-ae7b-4622-987a-0e96108df050.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/be33da1f-716d-4f53-99f5-425167d7d9c1.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/40948a33-b264-490a-b71d-3c69609794ef.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dcd786b-c904-4d08-92b1-9226e2211874.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c0ae5793-dc8a-4592-a96e-330834896420.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8713804f-781c-4125-befa-e02806521710.jpg) ![1040 PARK Avenue #7H, New York City, NY 10028 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d904e465-afff-460b-86e5-4b4db851c299.jpg) ## Property Overview Prewar 1 Bedroom coop located in elegant white glove prestigious Park Avenue building designed by Delano & Aldrich in 1925. The apartment has open views facing east over Park Avenue, original hardwood floors, high ceilings and oversized windows with tons of natural light. The foyer has a large walk-in closet, nice size living room with separate dining area, spacious bedroom with generous wall of closets and large windowed bathroom. There is 1 additional walk-in closet. Pets allowed with board approval. 1040 Park Avenue is a highly sought after elegant 14 story pre-war building in Carnegie Hill with Art Deco details. This sophisticated apartment building, located on the Northwest corner of Park Avenue and 86th Street, is close to Central Park, Museum Mile and Madison Avenue shopping. Public transportation is just steps away. Full-time doorman, concierge and live-in-resident manager. Maximum financing: 50%. Flip tax: 2%. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 14 - **Year Built**: 1924 - **Common Charges**: $2,227 / Monthly - **Listed On**: Aug 16, 2026 - **Days on Market**: 23 Days ### Residence Features - Building Other - 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 one-bedroom sales at 1040 PARK Avenue is $700,000, based on 3 sales between July 2022 and July 2026. This home is asking $950,000, $250,000 above that median. The middle half of those sales closed between $597,500 and $750,000. - **Median closed price**: $700,000 - **Middle half**: $597,500 – $750,000 - **Based on**: 3 one-bedroom sales at 1040 PARK Avenue - **Period**: July 2022 – July 2026 Square footage is recorded for only 2 of these 3 sales (67%), 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. ### Price trend Median sold price for co-op one-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 | $622,500 | 20 | | 2018 | $710,000 | 16 | | 2019 | $585,000 | 17 | | 2020 | $609,720 | 16 | | 2021 | $668,458 | 27 | | 2022 | $645,000 | 27 | | 2023 | $616,000 | 19 | | 2024 | $567,500 | 14 | | 2025 | $700,000 | 23 | | 2026 | $732,817 | 12 | 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) ## 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | 22 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 | 235 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 | 216 days | | [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 | 40 days | ## Estimated Monthly Payment **$7,031 / month**, assuming a 20% down payment ($190,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $4,804 - **Common Charges**: $2,227 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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.