1040 Fifth Avenue
1040 Fifth Avenue, New York, NY 10028
BBL 1014970001 · BIN 1046827
- Year built
- 1930
- Type
- Cooperative
- Units
- 27
- Floors
- 17
- Landmark status
- Not an individual landmark; in the Metropolitan Museum Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Not permitted
- Flip tax
- 2% of the purchase price, paid by the buyer
- Doorman
- Full-time doorman
- Subletting
- Not permitted — an owner-occupancy building.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2023
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $25M – $25M
- Listing discount
- 10.4%
- Recorded transfers
- 22
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1040 Fifth Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
1040 Fifth Avenue is among Rosario Candela's most accomplished Fifth Avenue commissions and the building most identified with Jacqueline Kennedy Onassis's three decades of New York residency. Candela designed it for the developer Anthony Campagna in 1929–1930, executing a pre-war classical composition with Art Deco detail at a moment when Manhattan luxury apartment-house architecture was reaching its sophistication peak. The result is a building that reads as restrained, institutional, and quietly grand — characteristic Candela.
Jacqueline Kennedy Onassis purchased the 15th-floor apartment in 1964, after President Kennedy's assassination. She lived there until her death in 1994. The apartment — an 11-room configuration with five primary bedrooms — was inherited by Caroline Kennedy and John F. Kennedy Jr., who held it in family ownership before its eventual sale. The association with Jackie Kennedy elevated 1040 Fifth from a tier-one Candela co-op to a building of singular cultural identity in Manhattan. Even thirty years after her death, the building remains identified with her in real estate culture and in tourist consciousness.
Candela's design organizes the building around 17 floors with approximately 27 apartments total — a mix of full-floor units, simplexes, and large duplexes. The setback penthouses, copper-clad and configured around Park-facing terraces, are among the most photographed elements of Manhattan's pre-war silhouette. The building's brick-and-limestone mass reads as substantial without being ostentatious — a Candela hallmark.
What makes 1040 Fifth structurally different from 740 Park (also Candela, also 1930) is its scale and density. 740 Park is larger and more institutionally rarefied; 1040 Fifth operates at a slightly more accessible price point and with somewhat less rigid board culture, though both are firmly tier-one Gold Coast co-ops.
Architecture and unit composition
Apartments at 1040 Fifth range from approximately 2,500 sf simplexes to 6,000+ sf full-floor configurations and large duplexes. Pre-war Candela signatures throughout: 11–12 foot ceilings in primary rooms, formal entry galleries with grand proportions, library-living-room combinations, primary suites with extensive closet and dressing infrastructure, and service wings configured for full-staffed operation.
The Park-facing western flank offers direct Central Park views. Views vary by floor and position, and no view is protected without a recorded instrument. North-facing apartments look toward 86th Street; south-facing toward 84th and the Stanhope Hotel.
Candela's original interior detailing was substantial — paneled libraries, plaster cornices, marble fireplaces, hardwood floors. Most apartments retain core architectural character, with kitchens and bathrooms updated for modern use. Confirm the board's current alteration rules before planning work that removes pre-war detail.
Building operations
1040 Fifth operates as a full-service pre-war co-op with 24-hour doorman, attended elevator, on-site superintendent, and private storage. The building participates in the NYC Cooperative & Condominium Property Tax Abatement Program for qualifying primary-residence shareholders.
Building management's published schedule (as of August 2026) lists a 2% flip tax paid by the buyer; the financing cap and other policy details were not located in published sources. Confirm the flip tax, the no-sublet rule and the financing cap against the current proprietary lease and house rules during due diligence.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- 2% of the purchase price
- Rate
- 2% of the purchase price
- Paid by
- Buyer
Source: building management's published schedule, as of August 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| *Trust Purchase* Application Processing FeeConditionalConditions: If permitted by the Corporation | Paid by Buyer | When With the application | Amount $1,000 | Refundable Not stated |
| Application Processing Fee | Paid by Buyer | When With the application | Amount $350 | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Contact Transfer Agent for fee schedule | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Not permittedSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- StorageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $106,653/yr
- Per unit / month range
- $0 – $317
- Modeled exposure split equally across 28 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed September 2026.
Management & transfer contacts
- Flip tax
- 2% of purchase price (paid by Buyer, at closing)
- Sublet policy
- Not Allowed
- Policies and fees
- Trust/LLC purchases permitted
Recent sales
1040 Fifth Avenue's recorded apartment-level activity from 2022 through early 2026 totals three arms-length closings — characteristic of a 27-unit Candela where households hold for decades and inventory turns slowly. The defining transaction of the period is the May 2023 estate sale of the 9/10C duplex from the family of the late Metropolitan Museum curator Dietrich von Bothmer and his wife Joyce — held by the family for 50+ years — with its 30-foot Park-facing living room and original Candela detail. First marketed in April 2021, it closed after a multi-year marketing arc, a useful benchmark for sellers calibrating expectations on the building's premium duplex tier. The other two closings were the 7/8B duplex in October 2022 and the 1A maisonette in February 2023.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 4, 2023 | 9 | 4 BR · 6.5 BA | $25,000,000 | -21.9% | |
| Feb 16, 2023 | MAIS1A | 3 BR · 2.5 BA | $3,200,000 | -5.7% | |
| Oct 13, 2022 | 7 | 3 BR · 4.5 BA | $8,350,000 | +4.4% | |
| Jun 24, 2021 | 13A | 4 BR · 6 BA · 4,275 sf | $15,500,000 | $3,626/sf | — |
| Feb 16, 2021 | 5 | 4 BR · 4.5 BA | $6,500,000 | -26.1% | |
| Jun 27, 2016 | 10A | 5 BR | $32,000,000 | — | |
| Jul 10, 2015 | 14A | 4 BR | $30,000,000 | -13.0% | |
| Nov 9, 2012 | 3 | 3 BR | $6,500,000 | -21.7% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $3,626/sf (recorded) across 1 sale. The building has traded as recently as 2023. Median listing discount 10.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01497-0001). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
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What to know if you’re buying
Subletting is not allowed. This is the building's most consequential ownership constraint. 1040 Fifth requires owner-occupancy — apartments cannot be rented out, even with board approval. Buyers planning any form of investment-grade or absentee ownership should look elsewhere; the building exists for primary residents.
The 2% flip tax is buyer-paid. Modeled into closing-cost analysis from the offer stage. On a $10M apartment, that is $200,000 of additional buyer cost on top of mansion tax and standard closing items.
Trust and LLC purchases are permitted. Useful for buyers seeking estate-planning or privacy structures, contingent on Transfer Agent guidance and presumably board review of the underlying beneficial ownership. This is unusual flexibility for a tier-one Gold Coast co-op and worth confirming with management before signing a contract.
Confirm the board's current requirements. Subletting is not permitted; confirm financing, liquidity, ownership and occupancy requirements from the governing documents and application instructions.
Confirm the occupancy rules. Confirm the building's current pied-à-terre and primary-residence requirements in the proprietary lease, house rules and application instructions.
Renovation is constrained by historic district status and pre-war character. Substantial renovation is feasible but must respect the architecture. The board reviews scope and quality.
Views depend on the apartment. Central Park lies to the west; Views depend on floor, position and exposure; no view is protected without a recorded instrument.
Jackie Kennedy's cultural shadow is real. Buyers occasionally ask about the historic apartment specifically. Sellers should be prepared for the building's cultural identity to inform both interest and pricing dynamics.
What to know if you’re selling
Marketing is a mix of public listing and private network. Apartments often appear on REBNY syndication and Compass private exclusive channels, with simultaneous outreach through private broker networks for high-priced configurations.
Pricing benefits from building familiarity. Comparable sales at the apartment-configuration level are critical — full-floor vs. simplex vs. duplex pricing diverges substantially.
The buyer pool is largely domestic. Foreign buyer participation is lower than at 220 CPS or other condo trophy buildings; the buyer pool is primarily U.S. wealth seeking institutional pre-war stability.
Closing timelines are co-op standard. 6–10 weeks from contract to closing.
Comparable buildings
If you're considering 1040 Fifth Avenue, also evaluate:
- 740 Park Avenue — Candela 1929–30, larger and more institutionally rarefied
- 998 Fifth Avenue — McKim, Mead & White 1912, the original Fifth Avenue tier-one apartment house
- 834 Fifth Avenue — Candela 1931, very tight Gold Coast inventory
- 820 Fifth Avenue — 1916 Starrett & Van Vleck, smaller and very selective
- 907 Fifth Avenue — pre-war Fifth Avenue, comparable era
- 1107 Fifth Avenue — historic Marjorie Merriweather Post triplex anchor
More Fifth Avenue buildings
- 1025 Fifth Avenue — 1955 co-op
- 1030 Fifth Avenue — 1925 co-op by J.E.R. Carpenter
- 1035 Fifth Avenue — 1925 co-op by J.E.R. Carpenter
- 1045 Fifth Avenue — 1967 co-op by Horace Ginsbern & Associates
- 1049 Fifth Avenue — 1928 condominium by Costas Kondylis & Partners
- 1050 Fifth Avenue — 1960 co-op by Wechsler & Schimenti
The neighborhood
For the full corridor — architecture, transit, and pricing across Fifth Avenue — read The Roebling Team Guide to Fifth Avenue.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 1040 Fifth Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com