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Residential Income Property with Central Park Views

1040 5th Avenue 3A, Manhattan, NY 10028

For Sale
$12,000,000

Corner residence with private elevator access, oversized windows, and a wood-burning fireplace overlooking Central Park.

Property Size4,363 SF
Price / SF$2,750
Days on Market124

Property Features for 1040 5th Avenue 3A

General Information

Standard status Active
Size 4,363 SF
Property subtype Apartment

Building Details

Building Size 4,363 SF
Year Built 1930
Listing Agency: Sothebys International Realty
Listed By: Serena Boardman
Source: Howardhannanyc
Added: Jul 7 Changed: Nov 4 Last Checked: Nov 6 at 3:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sothebys International Realty

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Investment Insights

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Residence 3A at 1040 Fifth Avenue is a 4,363-square-foot corner apartment within Rosario Candela’s 1930 building. Configured as a twelve-into-ten room home, it features a private elevator landing, gallery, corner living room, dining room, wood-paneled library, eat-in kitchen, breakfast room, laundry room, staff room with full bath, and powder room. The primary bedroom includes two ensuite bathrooms and a walk-in closet, while two additional bedrooms each have ensuite baths and generous closets.

Oversized windows provide southern and western exposures, nearly 30 feet facing Fifth Avenue, and tree-lined views of Central Park and East 85th Street. The building is located in the Metropolitan Museum Historic District and is noted for its limestone facade, private storage rooms, and resident service. Pets are welcome. Financing is not permitted, and purchases under trusts are allowed subject to legal and board approval. A 2% flip tax is payable by the buyer.

Key Highlights

  • 4,363‑square‑foot corner residence at 1040 Fifth Avenue, Apartment 3A
  • Twelve‑into‑ten room layout with three bedrooms and four ensuite bathrooms
  • Private elevator landing, gallery, wood‑paneled library, and wood‑burning fireplace

Property Analytics

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Location Intelligence

Trade Area within ½ mile

16,921
Businesses Nearby

Demographics for 10028, NY

48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - Corner residence with private elevator access, oversized windows, and a wood-burning fireplace overlooking Central Park.
Where is this residential income property located?
The property is located at 1040 5th Avenue 3A Manhattan, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 4,363‑square‑foot corner residence at 1040 Fifth Avenue, Apartment 3A; Twelve‑into‑ten room layout with three bedrooms and four ensuite bathrooms; Private elevator landing, gallery, wood‑paneled library, and wood‑burning fireplace
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