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for saleRealtyLens property overview
$35,000,000

1040 5th Ave Unit 16

Manhattan, NY, 10028
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4Beds
4.5Baths
N/ASqft
N/A$/sqft

Comps

Listing Notes

Rare and wonderful, this glamorous terraced residence is an aerie with spectacular views of Central Park and the Jacqueline Kennedy Onassis Reservoir. This exceptional apartment is situated atop one of Rosario Candela's most notable buildings and is an architectural tour de force. Remarkably elegant and graceful, this home is a superb example of Candela's masterful work. Spanning the entire sixteenth floor with a park-facing terrace, the apartment is awash in glorious sunlight throughout the day with unobstructed views in all directions. Incorporating many of the design elements as well as the proportion and scale that distinguish the great buildings of the early twentieth century in New York City, the 16th floor at 1040 Fifth recalls an era of truly timeless elegance. All the principal rooms open onto surrounding terraces, and french doors throughout invite indoor-outdoor living. Rare glass terrace parapets allow the apartment's sweeping views of the Park to be felt in every room. Accessed via a private elevator landing, the grand Gallery opens to three spectacular entertainment rooms: a marvelous west-facing Living Room, nearly 30 feet in length, with three sets of tall French casement doors opening to the Terrace; an exquisite south-facing wood-paneled Library; and a handsome south-facing Dining Room. The Living Room and Library have wood-burning fireplaces, and all three rooms are perfect in proportion and scale. Nearby, ample closets and an elegant Powder Room complete the grand and welcoming sweep of the entertainment rooms. A spacious eat-in Kitchen opens to a separate Breakfast Room with charming French doors to a small terrace and city skyline views to the south. The bright Kitchen enjoys morning sun and city views to the north and east, and features top-of-the-line appliances and a generous Pantry. A Laundry Room, large Utility Room (which could easily serve as a Playroom or Gym), and two Staff Rooms with a shared Bath, accessed via two private hallways, complete this wing of the residence. Serene private bedroom quarters include an extraordinarily stunning Primary Bedroom suite with a wood-burning fireplace and three magical exposures with breathtaking views of Central Park and the Reservoir. The suite includes a Dressing Room with a large picture window and a spacious ensuite Bathroom. There are three additional bedrooms, all generous in size, two of which have Central Park and sunset views while the third enjoys open city views and morning sunlight from the east. Rosario Candela's enduring and iconic 1929 design is notable for its limestone faade, inventive detail, and its magnificent assemblage of truly splendid simplex and duplex apartments. Residents benefit from the highest level of service and discretion, as well as private storage rooms. One of New York's most prestigious addresses since its inception, 1040 Fifth Avenue continues to set the standard for timeless elegance and classic design. Please note that financing is not permitted. There is a 2% flip tax payable by the buyer, and purchases under trusts are allowed, subject to legal and board approval. Pets are welcome.

Market Insights

Market comparison pendingN/A

Comparable price-per-square-foot data is still developing for this home.

Nearby median$5559/sqft
Nearby properties5
Property sizeN/A
  • 5 nearby properties available for comparison.
  • Price history is limited, so current comps matter more than trend alone.
  • Square footage is missing, so valuation should lean more heavily on comps and condition.

Estimated Monthly Payment

Per month, all-in$230,035/mo

Assumes 20% down, 7.00% APR over 30 years. Tax and insurance are national-average estimates — your lender quote will differ.

  • Principal & interest$186,285
  • Property tax (est.)$32,083
  • Home insurance (est.)$11,667

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position5 nearby signals

Nearby inventory exists, but square-footage or price data is incomplete for a clean median comparison.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessNeeds verification
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Listing Details

Days on market
19 days
Last price change
No change recorded
Listed
Apr 23, 2026
Photos
30 photos
Property type
coop
Status
for sale

Features & Amenities

Central AirDoormanElevatorOutdoor SpaceDishwasherFireplaceHardwood FloorsTwo Or More StoriesBig BathroomLibraryElevatorEnsuiteBreathtaking ViewsViewsDenExercise Room

Photos

Building Facts

Year built
1930
Stories
17
Total units
29
Residential units
28
Building area
3.36 ac
Lot size
11,200 sqft
Land use
Multi-family elevator buildings
Building class
D4

From NYC public records where available.

Price History

May 13, 2026Initial record
$35,000,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.