212.370.9200 or Email Us

212.370.9200 or Email Us

1040 Park Avenue

New York, NY 10028
This elegant-yet-demure Georgian-style building with some hints of Art Deco was, for many years, home to publisher Conde Nast, who hosted legendary parties in its custom-designed penthouse high above the Upper East Side. Another unique detail: The 1925 building's three-story limestone base is topped by a tortoise-and-hare frieze that has been adopted by the American Association for the Advancement and Appreciation of Animals in Art & Architecture. The 14-floor co-op residence is near the Metropolitan Museum of Art and other museums as well as the restaurants, boutiques and art galleries of Madison Avenue and everything the Upper East Side has to offer.

Douglas Elliman Real Estate
Howard Margolis


Property Contacts

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Additional Services

BoardPackager Services are administered exclusively by BoardPackager. All services are separate from those provided by Property Management Companies to their clients. All BoardPackager services are provided with full knowledge and cooporation with Property Management, but without Property Management supervision. Any fees associated with services offered are BoardPackager fees.
Building Policies

General Policies

Pets Allowed
Pied-a-terre Not Allowed

Financing Policies

Max Financing as %
50% of purchase price

Additional Building Information

  • Flip Tax: Yes, 2% of the purchase price, paid by either Seller or Buyer

  • All cash purchasers may not place financing on their unit within the first two (2) years of ownership. Please refer to the guidelines for additional policy information.
Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee $350 Submission
Buyer Appraisal Research and Co-op Supplement $250 (if financing) Submission
Buyer Corporate Application Fee $1,000 Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Buyer Financing Fee $300 (if financing) Closing
Buyer Move In Deposit $2,500 Closing
Seller Closing Fee $700 ($750 without a Broker) Closing
Seller Flip Tax 2% of Gross Sales Price Closing
Seller Move Out Deposit $2,500 Closing

Co-Op Sublet

Payor Building Fees Amount Due Upon
Shareholder Corporate Sublet Fee $750 and 25% of the Rental/Maintenance differential if the rent is higher than the maintenance. Submission
Shareholder Lead Based Paint Disclosure Fee $75 Submission
Shareholder Subletting Fee $300 Submission
Subtenant Application Fee $250 Submission
Shareholder Security Deposit An amount Equivalent to three month's maintenance Upon Approval

Less Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-op Supplement/Certification Fee (non-refundable) $250 Submission
Shareholder Financing Fee (non-refundable) $400 Submission
Shareholder Processing Review Fee (non-refundable) $750 Submission

More Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-op Supplement/Certification Fee (non-refundable) $250 Submission
Shareholder Financing Fee (non-refundable) $400 Submission
Shareholder Processing Review Fee (non-refundable) $750 Submission

Single Application Initiation Fee

One-time fee paid by the person who begins the application

Payor Type Amount Due Upon
Agent /
Current Resident
Application Participants Any Free N/A

Digital Submission Fee

Payor Type Amount Due Upon
Applicant Purchase
$45 Complimentary
Shareholder Refinance $45 Complimentary

App Admin Fee

Payor Amount Due Upon
Any Participant Paying Building Fees 5% of Total
(excluding Digital Submission & Initiation Fees)
Property Management

Property managed by:

All building information and documentation provided by property management.
Total Fees: 175

Copyright © Douglas Elliman Property Management - All rights reserved.
Disclaimer: All information regarding or relating to the property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omissions or change.

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