Updated 3 days ago

1040 Park Ave, 7-E

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

6 Rooms2 Beds2.5 Baths1,600 Square FeetCo-op

$2,995,000
Maintenance$5,631
Price Per SF
$1,872

Listing Features

  • BuiltIns
  • Corner Apartment
  • Entry Foyer
  • Floor-Through
  • Galley Kitchen
  • Laundry Room
  • Library / Den
  • Walk-in Closet
  • Washer / Dryer
  • WBFP
  • Eat-in Kitchen
  • Service Entrance
  • Windowed Kitchen
  • Powder Room

Outdoor space and views

  • City 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, 7-E

If you've been waiting for the right opportunity to own a classic pre-war residence, now is the time to consider 1040 Park Avenue.

Perfectly positioned on the iconic northwest corner of Park Avenue and 86th Street, just two blocks from Central Park, this elegant five-room residence offers the timeless scale, architectural character, and gracious proportions that define Carnegie Hill's most distinguished homes.

The expansive living room and formal dining room were originally part of a grand twelve-room apartment, creating an extraordinary sense of volume rarely found today. A wood-burning fireplace serves as the centerpiece of the living room, while the oversized eat-in kitchen, separate laundry room with in-unit washer and dryer, along with additional generous sized laundry room in the building. Two generously proportioned bedrooms, two baths, and exceptional walk-in closet space provide both comfort and functionality.

For buyers seeking additional flexibility, this floor plan has been successfully reconfigured in other apartments within the building to create a three-bedroom residence.

Additional private storage is available in the building for a monthly fee, subject to availability.

1040 Park Avenue is one of Carnegie Hill's most sought-after white-glove pre-war cooperatives. Residents enjoy the highest level of service with a 24-hour doorman, concierge, porter, and full-time resident manager. Located at the prestigious northwest corner of Park Avenue and 86th Street, the building is two blocks from Central Park, Museum Mile, Madison Avenue's renowned boutiques and restaurants, and convenient public transportation in every direction.

Building policies permit a maximum of 50% financing. A 2% flip tax is payable to the cooperative corporation, with responsibility determined by the terms negotiated between the purchaser and seller. Available to be shown by appointment Monday - Friday 10am -6pm.


Listing History for 1040 Park Ave, 7-E

Now
07/29/2026
$2,995,000
Initial Price by Howard Margolis
Douglas Elliman
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

Building Availability

APPSF
Median
Average
$1,600
$1,972,500
$1,972,500
$1,109
$2,995,000
$2,995,000
Last 12 months
$1,000
-
-

Two Beds in Carnegie Hill

APPSF
Median
Average
$1,955
$2,750,000
$2,801,667
$1,378
$1,695,000
$1,818,579

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.

Similar Listings in Carnegie Hill

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: 1921549