Listing Courtesy of Douglas Elliman Real Estate
$2,995,000
Potential Rebate: $44,925
<p> </p> <p> <strong> </strong> <strong> 1040 Park Avenue - Classic Eight with Grand Scale</strong></p> <p> This classic eight-room prewar residence, offered in estate condition with its original layout, presents a rare opportunity to create a truly grand Park Avenue home.</p> <p> A dramatic <strong>30-foot entry gallery</strong> sets the tone, offering an impressive approach and ideal wall space for art and collections. The gallery opens into a magnificent <strong>oversized living room</strong> featuring a <strong>working wood-burning fireplace</strong>, providing the opportunity for a striking custom mantel and elegant focal point.</p> <p> Beyond the living room lies a <strong>formal dining room</strong> designed to accommodate large-scale entertaining. Together, the living and dining rooms span approximately <strong>50 feet</strong>, flowing east to west and creating a spectacular entertaining expanse rarely found today.</p> <p> The residence offers <strong>three generously proportioned bedrooms</strong>, an additional <strong>staff room</strong>, <strong>three full baths</strong>, and <strong>one half bath</strong>. A large <strong>windowed eat-in kitchen</strong> is complemented by a separate breakfast room that provides pantry storage and space for a washer and dryer.</p> <p> Soaring <strong>9.5-foot ceilings</strong>, <strong>oversized windows</strong>, and primarily <strong>southern and eastern exposures</strong> flood the home with light and provide open views down Park Avenue.</p> <p> Located on the northwest corner of <strong>86th Street and Park Avenue</strong>, 1040 Park Avenue is a full-service prewar cooperative offering <strong>white-glove doorman service</strong>, an exceptionally attentive staff, <strong>concierge</strong>, and <strong>on-site resident manager</strong>. The building also features a <strong>recently renovated fitness center</strong> and storage bins (when available). 1040 Park Avenue has a flexible renovation process. The buildings board will work with your team to create a dramatic property that can be enjoyed and lived in for many years to come. Note most renovations will require updating of electric, plumbing and other primary features of the unit. </p> <p> <strong> Maximum 50% financing</strong> .</p> <p> Just one block from <strong>Central Park</strong>, <strong>Museum Mile</strong>, and the world-class boutiques of <strong>Madison Avenue</strong>. </p> <p> Bring your architect and contractor and re-imagine this extraordinary home</p> <p> </p>
$21,411 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$44,925
Monthly savings impact
$125/mo
Effective Purchase Price
$2,950,075
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20067094
RLS at REBNY

2.5%
Experience
Member
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. ©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.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20067094
RLS at REBNY

Compare average listing prices and value metrics for 1040 PARK Avenue against the surrounding Carnegie Hill market.
than the Carnegie Hill price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Carnegie Hill.

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