940 Park Avenue #8A, New York City, NY 10028
Listing Courtesy of Sothebys International Realty
$4,750,000
Potential Rebate: $71,250
Overview
Pristine pre-war 7 room on Park Avenue
Located in a desirable pre-war cooperative at the corner of East 81st Street and Park Avenue, this beautifully renovated and light-filled apartment offers large-scale rooms and expansive living space. Designed by Carlos Gonzalez every detail has been carefully considered, including raised doorways that accentuate the high ceilings.
A semi-private elevator landing opens into the welcoming entry foyer which in turn leads to a beautifully proportioned living room with wood burning fireplace flanked by custom cabinetry. Adjacent to the living room is an equally spacious dining room/family room with well-designed built-ins for media equipment and storage. These rooms flow seamlessly into one another but can also be separated by architectural iron and opaque glass sliding doors which create an impressive feature. Natural light floods these two rooms through oversized windows.
The generously sized primary bedroom is privately located on the south-east corner and has ample closets including a large fitted walk-in and en-suite windowed bathroom as well as electric shades and remotely controlled cooling/heating. A separate bedroom hallway leads to two additional bedrooms with an array of closets and storage in each. A shared bathroom can be accessed directly from each room.
The well-designed kitchen has top-of the line appliances, separate laundry facilities and an inviting windowed breakfast area. The original staff room now serves as an office/guest room and a full bathroom is conveniently located to also function as a powder room with easy access from the entertaining space.
Additional features include through wall air conditioning, solar shades and a private storage room. The building offers full-time doorman service and a live-in building Superintendent, as well as a well-equipped gym and building laundry room with commercial grade washers and dryers. Both the lobby and elevators have been recently renovated. 940 Park Avenue permits pets and 50% financing and there is a 2% Flip Tax.
Home Features
- •Common On Floor
- •Common Area
- •Laundry Room
- •Dryer
- •Dishwasher
- •Washer
- •Hardwood
- •City
Estimated Monthly Payment
$31,106 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$71,250
Monthly savings impact
$198/mo
Effective Purchase Price
$4,678,750
(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 Sothebys International Realty
Data Source: TRESTLE #RLS20066544
RLS at REBNY
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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 Sothebys International Realty
Data Source: TRESTLE #RLS20066544
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 940 Park Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
94.69% Lower
than the Upper East Side price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
