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.
BROKER
SPECIALIST:
Douglas Elliman Real Estate
Howard Margolis
hmargolis@elliman.com
212.350.2258
1040 Park Avenue
New York, NY 10028
Co-op
Applications
Property Contacts
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Questionnaires
Have a questionnaire completed by property management.
Building Financials
| 2016 Financial Statement - 1040 Park Avenue | $50.00 | 09/01/18 | |
| 2017 Financial Statement - 1040 Park Avenue | $50.00 | 09/01/18 | |
| 2018 Financial Statement - 1040 Park Avenue | $50.00 | 03/27/20 |
By Laws
| By-Laws - 1040 Park Avenue.pdf | $50.00 | 09/21/17 |
Building Proprietary Lease
| Proprietary Lease - 1040 Park Avenue.pdf | $50.00 | 09/21/17 |
Building Offering Plan And Amendments
| Offering Plan ONLY - 1040 Park Avenue.pdf | $50.00 | 01/15/19 |
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.
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.
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 /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
|
$50
$100
Free
|
Initiation
Initiation
N/A
|
| Application Participants | Any | Free | N/A |
If you are a real estate agent affiliated with one our enterprise brokerage clients, starting an application is covered by your brokerage.
Digital Submission Fee
| Payor | Type | Amount | Due Upon |
|---|---|---|---|
| Applicant | Purchase Lease/Sublet Renewal |
$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) |
Submission |
For more detailed information, please see our Pricing page.
Property Management
Property managed by:
All building information and documentation provided by property management.
All building information and documentation provided by property management.
02/23/21