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.
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.