--- title: "1040 PARK Avenue #8E, New York City, NY 10028" description: "1040 PARK Avenue #8E, New York City, NY 10028 — Carnegie Hill, New York City, NY. Listing Price $2,985,000. 3 bed, 4 bath Illustrative Buyer Commission Share of $44,775 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-8e-ny-10028" source: "Real Estate Rebate Team" dateModified: "2026-10-14T15:32:09.780Z" status: "Active" --- # 1040 PARK Avenue #8E, New York City, NY 10028 Carnegie Hill, New York City, NY Courtesy of Coldwell Banker Warburg Last updated: October 14, 2026, 11:32 AM ## At a Glance - **Listing Price**: $2,985,000 - **Beds**: 3 - **Total Baths**: 4 - **Common Charges**: $5,684 / 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**: $2,985,000 - **Illustrative Buyer Commission Share**: -$44,775* - **Illustrative Net Cost**: $2,940,225 *Illustrative Buyer Savings of $44,775 — 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 PARK Avenue #8E, New York City, NY 10028 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/08fca8e1-0d3d-42f8-a638-942641d5423b.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/66845914-5848-4c9c-b62a-3a3e1dd8f6a5.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e78ca235-de6e-4982-a2e3-53552a0c937e.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eb502284-06c3-4006-9406-3a15c3f1e4ff.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/da03a4b2-bd9f-432c-8f27-104b56daf5cb.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d8ea8bcb-a791-4675-ac58-2f1cc7e14515.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0493f342-0fab-4381-996c-27f1d79dc6f2.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9761a36a-f27e-4c9d-836f-47f29c8c7a5d.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/317e9411-0c2a-482f-9756-7fc811a55b52.jpg) ![1040 PARK Avenue #8E, New York City, NY 10028 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1395f1d5-e0b2-4bcb-a925-103f8aab2a9e.jpg) ## Property Overview This gracious three-bedroom, three-and-a-half-bath residence on Park Avenue offers generous proportions, abundant natural light, and a flexible floor plan with exceptional potential to create a home tailored to the next owner. The expansive living and dining rooms offer ample space for everyday living and entertaining, with desirable southern exposure and a wood-burning fireplace anchoring the living room. Architecturally detailed beamed ceilings enhance the home's character. The generous kitchen and adjoining areas can be transformed into a substantial eat-in kitchen and den. The kitchen includes additional under-counter refrigeration and a wine drawer. A separate bedroom wing provides privacy from the home's main entertaining spaces. The south-facing primary suite features an en-suite bath and through-the-wall air conditioning. The second bedroom also enjoys an en-suite bath. A generously proportioned third bedroom, additional full bath, and powder room complete the layout. Ample closet space is found throughout, and central air conditioning may be installed, subject to building approval. There is an in-unit washer/dryer. With its gracious scale, southern light, wood-burning fireplace, and adaptable floor plan, the residence presents a rare opportunity to create a truly special Park Avenue home. Designed by Delano & Aldrich and built in 1925, 1040 Park Avenue is a distinguished full-service cooperative offering a doorman, lobby concierge, lobby-level fitness center, bicycle storage, and laundry room. Basement storage bins are available for rent. One block from the subway and cross-town bus, 1040 Park Avenue offers convenient access to schools, museums, Central Park, and major attractions. Pied-à-terre ownership and pets are permitted, with board approval. The building allows up to 50% financing. A 2% flip tax is payable by the purchaser. ## Property Details - **Property Type**: Co-op - **Beds**: 3 - **Total Baths**: 4 - **Rooms**: 6 - **Stories**: 14 - **Year Built**: 1924 - **Common Charges**: $5,684 / Monthly - **Listed On**: Oct 14, 2026 - **Days on Market**: 1 Days ### Residence Features - Building Other - City ## Estimated Monthly Payment **$20,778 / month**, assuming a 20% down payment ($597,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $15,094 - **Common Charges**: $5,684 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 13 apartments at 1040 PARK Avenue have recorded sales since October 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 | 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 - **This home**: $2,985,000 - **Median sold price**: $2,925,000 - **Difference**: +$60,000 (+2.1%) - **Comparable sales**: 51 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $2,175,000 – $3,847,500 Based on co-op three-bedroom sales in Carnegie Hill. Square footage is recorded for only 13 of these 51 sales (25%), 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. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Carnegie Hill instead. ### How these sales were negotiated - **Sale-to-list price**: 96.1% (48 sales) - **Sold below asking**: 67% (48 sales) - **Typical time to find a buyer**: 60 days (49 sales) - **Typical time to close**: 106 days (49 sales) Based on co-op three-bedroom sales in Carnegie Hill with the required listing and closing data. Sample sizes vary by metric. 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. ### Price trend Median sale price, co-op three-bedroom sales in Carnegie Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $3,580,000 | 19 | | 2018 | $3,450,000 | 29 | | 2019 | $3,137,500 | 22 | | 2020 | $2,760,000 | 18 | | 2021 | $2,497,500 | 36 | | 2022 | $2,400,000 | 29 | | 2023 | $2,760,000 | 33 | | 2024 | $2,662,500 | 28 | | 2025 | $2,561,250 | 26 | | 2026 YTD | $3,500,000 | 19 | Based on recorded co-op three-bedroom sales in Carnegie Hill. 2026 is year-to-date. Sales data through August 2026. 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 3 active listings. - **Year Built**: 1924 - **Active Units**: 3 - **Floors**: 14 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1040-park-avenue) ### Available Residences — For Sale (5) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [8E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-8e-ny-10028) | 3 | 4 | — | — | $2,985,000 | Coldwell Banker Warburg | Oct 14, 2026 | 1 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 | 60 days | | [4G1](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-4g1-ny-10028) | 1 | 1 | — | — | $825,000 | Compass | Sep 30, 2026 | 15 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 | 273 days | | [7E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1040-park-avenue-7e-ny-10028) | 2 | 2 | — | — | $2,995,000 — In contract | Douglas Elliman Real Estate | Jul 29, 2026 | 78 days | ### Recently Sold (1) | Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | Jul 20, 2026 | ## 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.