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1040 Park Avenue, #5DH

$2,820,000 | 4 beds, 3 baths
View Full Building Profile  | 
36 days on Market

Key Details

  • Listed: Apr 1, 2024
    Days on Market: 36
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $6,694
Est. Monthly Mortgage: $9,743
Total Est. Monthly Carrying Cost: $16,437
Note: the above is based on a down payment of 50% ($1,410,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This prestigious Carnegie Hill apartment is ideally located near Central Park, Fifth Avenue’s Museum Mile, the Metropolitan Museum of Art, Madison Avenue galleries, designer shopping, and fine dining. It's also just a block away from the subway, making it perfect for those who rely on public transportation.
  • Spacious and Versatile Layout: This spacious 8-room corner apartment offers potential for up to four bedrooms and three full bathrooms. It features hardwood floors, built-ins, and generous closet storage throughout, along with beautiful views of Park Avenue and plenty of natural light.
  • Additional Amenities: The apartment comes with two kitchens, one of which includes a laundry washer. There's also the option for a 'one bedroom guest suite' with a separate entrance and kitchen, perfect for hosting guests or for use as a rental.
  • Building Features: The building, designed by renowned architects Delano & Aldrich in 1925, offers a full-time doorman, concierge, and live-in resident manager. Amenities include a fitness center, laundry room, bicycle storage, and private storage (subject to availability).
  • Pet-Friendly: This historic building is pet-friendly, making it a great choice for pet owners.
  • Nearby Attractions: The apartment is in close proximity to the Metropolitan Museum of Art, Madison Avenue galleries, designer shopping, and fine dining, offering plenty of options for entertainment and leisure.

Description

Apartment 5DH at 1040 Park Avenue is a gracious and expansive, sun-filled 8-room combination home with abundant flexibility for its new owner. This beautiful corner home overlooks the beauty of the Park Avenue malls, lush trees, and distinguished architecture of the ’Gold Coast’. The Carnegie Hill location is superb at 86th Street and Park Avenue, only one block from Madison Avenue and two blocks from the beauty, recreation and NYC culture of Central Park and Fifth Avenue’s Museum Mile.

Gracious and beautifully proportioned, this 8-room Park Avenue home can accommodate entertaining on a grand scale with an open formal expanse spanning 35 feet including a corner living room and formal dining room that can comfortably seat 10 or more, as well as an elegant and huge entry gallery.

Four grand picture windows line the formal expanse drawing in exceptional natural light and showcase beautiful open views overlooking Park Avenue. Hardwood floors, built-ins, and generous closet storage can be found throughout. There are two current kitchens: one with laundry washer making this layout incredibly flexible with numerous options including potential for up to four bedrooms with three full bathrooms.

The layout can also accommodate a ’one bedroom guest suite’ with separate entrance and kitchen.

1040 Park Avenue is an elegant 14-story cooperative built in 1925. Designed in the Georgian style with Art Deco elements by
renowned architects, Delano & Aldrich. The building has full-time doormen, concierge, and live-in resident manager.

Amenities include a fitness center, laundry room, bicycle storage, and private storage subject to availability.

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Apartment Amenities

  • City View
Listing courtesy of Corcoran Group

Pricing History

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About 1040 Park Avenue

73

1040 Park Avenue has received a CityRealty Rating of 73, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

22
Out of 44
+
27
Out of 36
+
15
Out of 39
+
9
=
73
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
Some 1 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Elevator
  • Fitness Center
  • Fireplaces
  • Live-In Superintendent

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Pros
  • Convenient to public transportation
  • Doorman
  • fitness center
  • One block from subway
  • Concierge
  • Live-in superintendent
  • Pet friendly
Cons
  • No sundeck
  • No garage
  • No elevator operator
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Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.12 miles

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