940 Park Avenue
940 Park Avenue, New York, NY 10028
- Year built
- 1925
- Type
- Cooperative
- Units
- 35
- Floors
- 14
- Landmark
- Designated
- Subletting
- Restrictive (typical of tier-one Park Avenue cooperatives)
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,664
- Listing discount
- 4.3%
- Recorded sales
- 22
- On record
- 2003–2026
940 Park Avenue is among the most architecturally accomplished of the Blum brothers' mature 1920s Park Avenue commissions. The 1925 building represents the firm's mature mid-portfolio work executed at the construction-quality peak of the immediate pre-Depression era — produced approximately a decade after their earliest Park Avenue commissions (830 Park: 1909; 875 Park: 1912; 840 Park: 1916) and approximately four years before their final Park Avenue work (1075 Park: 1929).
The Blum brothers' Park Avenue portfolio represents one of the more cohesive single-firm bodies of work in pre-war Park Avenue inventory. The firm's apartment-design discipline tracked the broader pre-war idiom, with their work distinguished by the integration of decorative facade detailing — ornamental detailing that read differently from the dogmatic classicism of contemporary McKim Mead & White / Carrère & Hastings peers. At 940 Park, the firm's mature 1925 vocabulary produced a facade that reads in dialogue with the surrounding Carpenter / Candela Park Avenue and Fifth Avenue inventory while retaining the firm's distinctive decorative signature.
The 35-apartment scale places 940 Park among the mid-sized 1920s Blum brothers Park Avenue commissions — comparable to 1075 Park (32 apartments) and slightly smaller than 555 Park (50). The moderate scale produces moderate annual transaction volume and a stable institutional culture across nearly a century of cooperative ownership.
The southwest-corner positioning at Park Avenue and East 82nd Street is at the southern edge of Carnegie Hill — the neighborhood that extends from approximately East 86th to East 96th Streets between Park and Fifth and that produces among the most consistently sought-after addresses in Manhattan. The Cooper Hewitt Smithsonian Design Museum is six blocks north on Fifth Avenue; the Guggenheim Museum is seven blocks north on Fifth; the Metropolitan Museum is the same block as 940 Park (82nd Street, three avenues west). The cultural institution density within walking distance is among the highest anywhere in Manhattan.
For buyers, 940 Park represents a particular tier of Carnegie Hill Park Avenue inventory: Blum brothers architectural pedigree at the firm's mature 1925 vintage, 35-apartment scale producing moderate annual turnover, corner Park / 82nd Street positioning at the southern Carnegie Hill anchor, and pricing materially below the Candela tier-one peak at 740 / 778 / 720 Park.
Architecture and unit composition
The 35 apartments span configurations from approximately 2,000 sf 2BRs to substantially larger 4–5 BR configurations across the 14 stories. The building's most architecturally distinctive apartments are the upper-floor full-floor configurations and the corner residences with cross-exposure views.
Blum brothers' 1925 signatures throughout: 10–11 foot ceilings in primary rooms, formal entry galleries, library-living room combinations, primary suites with substantial closet infrastructure, service wings characteristic of 1925-era luxury apartment design.
Park Avenue-facing apartments on the western flank look across to the Park Avenue median plantings and the buildings on the avenue's west side. 82nd Street-facing apartments to the south have cross-street exposures with stable residential side-street views.
Building operations
940 Park Avenue operates as a full-service pre-war cooperative with full-time doorman, attended elevator, on-site superintendent, and private storage. The 35-apartment scale produces a moderate institutional density characteristic of mid-tier pre-war Park Avenue cooperative inventory.
Specific policy details (financing posture, flip tax structure, sublet policy specifics, pied-à-terre allowance) should be confirmed directly with property management during due diligence. The board posture follows tier-one Carnegie Hill / Park Avenue pre-war norms — rigorous financial review, strong personal references, primary-residence intent the working assumption.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $13,931/yr
- Per unit / month range
- $0 – $41
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Feb 12, 2026 | 11A | 3 BR · 2.5 BA · 2,150 sf | $4,950,000 | $2,302/sf | off-mkt |
| Dec 20, 2022 | 11A | 3 BR · 2.5 BA · 2,150 sf | $4,800,000 | $2,233/sf | off-mkt |
| Oct 18, 2022 | GFE | 2 BA · 2,000 sf | $1,450,000 | $725/sf | off-mkt |
| Jan 5, 2022 | 8B | 2 BR · 2 BA | $1,643,000 | -6.1% | |
| Nov 30, 2020 | 3B | 2 BR · 2 BA · 1,425 sf | $1,875,000 | $1,316/sf | off-mkt |
| Oct 7, 2019 | 2A | 2 BR · 2 BA | $1,960,000 | -1.8% | |
| Sep 12, 2017 | 7B | 2 BR · 2 BA · 1,425 sf | $2,200,000 | $1,544/sf | +0.2% |
| Jul 5, 2017 | 11A | 3 BR · 2.5 BA · 2,200 sf | $4,700,000 | $2,136/sf | -4.0% |
Market read. Most recent trades (2026) cleared a median $1,664/sf across 1 sale. Median listing discount 4.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jul 12, 2017 | 5A | $4,525,000 |
| May 10, 2007 | 11B | $1,950,000 |
| Aug 23, 2005 | 11B | $1,495,000 |
| Aug 4, 2003 | 13A | $2,795,000 |
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 1-01493-0033) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
What to know if you’re buying
The Blum brothers architectural pedigree at the firm's mature vintage is real. Buyers attentive to architectural detail should weight the 1925 position within the firm's mid-portfolio work as a meaningful differentiator within Carnegie Hill / Park Avenue inventory.
The Carnegie Hill positioning is structural. The combination of Park Avenue cooperative inventory and Fifth Avenue / Madison Avenue cultural institution density produces a particular residential character.
Pricing is more accessible than Candela peers. 940 Park typically trades at materially more accessible per-square-foot pricing than the 1929–1931 Candela Park Avenue tier-one peak.
Confirm specific policies directly with management. Financing posture, flip tax structure, sublet specifics, and pied-à-terre allowance should be obtained directly during the contract review process.
Board approval follows tier-one Carnegie Hill norms. Strong financial profile, professional accomplishment, primary-residence intent are central criteria.
Renovation is constrained by historic district status and pre-war character. The board reviews scope and quality with attention to preservation of original detail.
What to know if you’re selling
The architectural pedigree is a marketing asset. Listing copy should reference the Blum brothers' authorship, the building's place within the firm's Park Avenue portfolio, and the corner Park / 82nd positioning.
Pricing requires apartment-level comparable analysis. Floor altitude, exposure, configuration, and renovation history all matter substantially.
Closing timelines are co-op standard. 6–10 weeks from contract signing to closing.
Comparable buildings
If you're considering 940 Park Avenue, also evaluate:
- 1075 Park Avenue — Blum brothers 1929; same firm later vintage
- 555 Park Avenue — Blum brothers 1924; same firm earlier vintage
- 875 Park Avenue — Blum brothers 1912; same firm pre-WWI
- 840 Park Avenue — Blum brothers 1916; same firm pre-WWI
- 1040 Park Avenue — Delano & Aldrich 1925; Carnegie Hill peer
- 1185 Park Avenue — Schwartz & Gross 1929; nearby Carnegie Hill peer
The Roebling Team at 940 Park Avenue
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Park Avenue Carnegie Hill buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 940 Park, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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