$2,000,000
Updated 6 months ago
Sold

1040 Park Ave, 5-E

Carnegie Hill, Manhattan | East 86th Street & East 87th Street

6 Rooms2 Beds3 BathsCo-op

$2,000,000
Maintenance$5,483

This property was sold for $2,000,000 on 02/04/26.

Listing Features

  • Hardwood Floors
  • Home Office
  • Walk-in Closet
  • Adjoining Pantry
  • Gourmet Kitchen
  • En Suite Bathroom

Outdoor space and views

  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full Service
  • Attended Elevator
  • Fitness Facility
  • Renovated Lobby
  • Storage

Policies

  • Pets Allowed

Property Description for 1040 Park Ave, 5-E

For a century, 1040 Park Avenue has stood proudly at the gateway to Carnegie Hill, a commanding 14-story structure made of limestone and brick. Built in the Georgian style by architects Delano & Aldrich, this has long been a venerable address. Residence 5E, a spacious two-bedroom, three-bathroom home that spans nearly 2,000 square feet, captures elements of that sensibility while serving as a palette for its next owner's vision. Enter the home through the foyer and into the living room, a 30-foot-long space complete with a wood-burning fireplace. Large south-facing exposures provide all-day light. The mantel's detailing, paired with the richness of the black stone and the herringbone wood floors, speak to the building's pedigree. Pass through a hallways to the eastern wing of the home, where the formal dining room leads to a spacious kitchen. Both rooms have large windows, the dining room facing north and the kitchen with exposures to the north and west. Pantry closets, bar seating, and tons of counter space make this a highly functional and comfortable space. The principal bedroom suite faces south. In addition to an en-suite windowed bathroom, the room includes a large, 11-foot-deep walk-in closet, and a secondary supplemental closet. Tucked away through a hallway, it's a quiet and private enclave. Unusual for pre-war apartments, secondary bedroom is nearly as generous, with large north-facing exposures, a walk-in closet, and a secondary closet as well. It also has an en-suite windowed bathroom. As a rare bonus, this bedroom includes an en-suite office with a large built-in desk with shelves, set apart from the sleeping area and brightened by its own window. Rounding out the apartment is a full laundry room with wash sink, and a third full bathroom. This white-glove cooperative features a full-time doorman and concierge, and a live-in resident manager. Futher amenities include a gym, a common laundry room, bicycle storage, and private storage (subject to availability). Pets and pied-a-terres are allowed. Flip tax equal to 2% of the purchase price, and financing allowed up to 50%.

Listing History for 1040 Park Ave, 5-E

Now
02/12/2026
$2,000,000
Sold and Closed by Nick Gavin
Compass
2026

Building Details for 1040 Park Ave

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull Service
AgePre-War
AccessAttended Elevator
Year Built1925
Financing Allowed50%
Floors/Apts14/100
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.12 miles
86 St
0.35 miles
96 St
0.48 miles
77 St
0.5 miles

Citi Bike

E 88 St & Park Ave
0.1 miles
E 84 St & Park Ave
0.14 miles

Contact Agents

Contact Agents

Nick Gavin
Compass
Licensed As
Amber Rene Gregory
Salesperson
License#:
10401371348
Company:
Compass

Carnegie Hill | Manhattan

Quick Profile

Carnegie Hill is a small neighborhood at the northern tip of the Upper East Side that borders Central Park. It is steeped in history, great wealth, architecture and culture. It is known for its world-class museums and its rows of historic mansions. Nothing much changes here as the entire area is landmarked, preventing the proliferation of high-rise developments. Thus the buildings stay a human scale, the sky is aplenty and the neighborhood kind of feels like a small town to its long time residents.

The name Carnegie Hill is derived from the industrial magnate Andrew Carnegie, when Carnegie decided to build himself a mansion at 91st Street and Fifth Avenue….

Carnegie Hill is a family neighborhood with old fashioned upper crust money. The mid-rise co-ops that line the avenues are among the most prestigious addresses in the city. The avenues are lined with small restaurants, boutique shops

The residential towers that have proliferated on the eastside of Third Avenue in the East 90s simply do not exist between Lexington and Fifth.

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.
OLR ID: 2146247