940 Park Avenue
940 Park Avenue, New York, NY 10028
BBL 1014930033 · BIN 1046669
- Year built
- 1925
- Type
- Cooperative
- Units
- About 35
- Floors
- 15
- Landmark status
- Not an individual landmark; in the Park Avenue Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median, 2026
- $4.9M
- 2 qualifying sales
- Recent range
- $2.7M – $5M
- Listing discount
- 0.0%
- Recorded transfers
- 26
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 940 Park 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.
940 Park Avenue is a 1925–26 George and Edward Blum apartment house. LPC's district records place it after the brothers' earlier Park Avenue projects at 830 Park (1910–11), 875 Park and 840 Park (1911–12), and 1075 Park (1921–22).
The profile reports approximately 35 apartments, compared with 32 at 1075 Park and 50 at 555 Park. Those counts do not establish transaction volume or apartment size.
The building stands at Park Avenue and East 81st Street, south of the Carnegie Hill area described here as roughly East 86th–96th Streets between Park and Fifth. The Metropolitan Museum's main entrance is on Fifth Avenue at 82nd Street; the Cooper Hewitt and Guggenheim museums are farther north.
Architecture and unit composition
The 35 apartments span configurations from approximately 2,000 sf 2BRs to substantially larger 4–5 BR configurations across 15 stories and a penthouse. 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 look east across the median plantings and the buildings opposite. East 81st Street-facing apartments have southern cross-street exposures; actual views depend on the apartment.
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.
Specific policy details (financing posture, flip tax structure, sublet policy specifics, pied-à-terre allowance, liquidity and occupancy requirements) should be confirmed directly with property management during due diligence.
Application and transaction fees
Fees below are from building management's published schedule, as of September 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
- Equal to 2% of the Purchase Price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Additional Closing FeesConditional | Paid by Buyer | When At closing | Amount $200 If closing is not completed within two (2) hours | Refundable Not stated |
| Additional Closing FeesConditional | Paid by Buyer | When At closing | Amount $200 if Transfer Agent attends an unconsummated closing | Refundable Not stated |
| Transfer Tax StampsPer share | Paid by Buyer | When At closing | Amount $0.05 per share | Refundable Not stated |
| Fidelifacts Credit ReportConditional · Per applicant | Paid by Buyer | When With the application | Amount $871.00 per Applicant/Occupant, $1633.13 if there are two (2) Applicants/Occupants | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When At closing | Amount $1,000 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When At closing | Amount $1,000 | Refundable Refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
Ownership transfer
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $75 per applicant/occupant | Refundable Non-refundable |
| Messenger Fee | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
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
- Permitted with conditionsRestrictedSource: The Roebling Team's building profile
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: The Roebling Team's building profile
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
- $27,177/yr
- Per unit / month range
- $0 – $81
- 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 October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 2% of purchase price paid by seller
- Policies and fees
- Move-in/out deposits $1,000 each (refundable)
Recent sales
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 |
|---|---|---|---|---|---|
| Sep 28, 2026 | 2A | 2 BR · 2 BA | $2,700,000 | +0.0% | |
| Aug 3, 2026 | 8A | 3 BR · 3 BA | $4,860,000 | +2.3% | |
| Feb 9, 2026 | 11A | 3 BR · 2.5 BA · 2,150 sf | $4,950,000 | $2,302/sf | +0.0% |
| Dec 7, 2022 | 11A | 3 BR · 2.5 BA · 2,150 sf | $4,800,000 | $2,233/sf | +0.0% |
| Dec 22, 2021 | 8B | 2 BR · 2 BA | $1,643,000 | -6.1% | |
| Jul 16, 2020 | 3B | 2 BR · 2 BA · 1,425 sf | $1,875,000 | $1,316/sf | +0.0% |
| Sep 19, 2019 | 2A | 2 BR · 2 BA | $1,960,000 | -1.8% | |
| Sep 11, 2017 | 7B | 2 BR · 2 BA · 1,425 sf | $2,200,000 | $1,544/sf | +0.2% |
Market read. Most recent trades (2026 to date) cleared a median $1,610/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.1% 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.
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). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 940 Park Avenue and nearby.
At the recent median sale of $4.86M (3 transfers in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $87,450 to close, or 1.8% of the price.
- Mansion tax: $72,900
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 940 Park Avenue and its market
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What to know if you’re buying
Compare dated apartment-level sales. Test any price difference from 1929–1931 Candela Park Avenue buildings using verified areas, floors, condition, services and carrying costs.
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.
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
Show the apartment's detail and outlook. Describe retained features, alterations and corner exposure, with plans and photographs to support them.
Pricing requires apartment-level comparable analysis. Floor altitude, exposure, configuration, and renovation history all matter substantially.
Comparable buildings
If you're considering 940 Park Avenue, also evaluate:
- 1075 Park Avenue — Blum brothers 1921–22; same firm, earlier vintage
- 555 Park Avenue — Blum brothers 1912–13; same firm earlier vintage
- 875 Park Avenue — Blum brothers 1912; same firm pre-WWI
- 840 Park Avenue — Blum brothers 1911–12; same firm pre-WWI
- 1040 Park Avenue — Delano & Aldrich 1925; Carnegie Hill peer
- 1185 Park Avenue — Schwartz & Gross 1929; nearby Carnegie Hill peer
More Park Avenue buildings
- 929 Park Avenue — 1913 co-op by George and Edward Blum
- 930 Park Avenue — 1916 co-op by Schwartz & Gross
- 935 Park Avenue — 1923 co-op by Schwartz & Gross
- 941 Park Avenue — 1928 co-op by Schwartz & Gross
- 950 Park Avenue — 1921 co-op by J.E.R. Carpenter
- 951 Park Avenue — 1915 co-op by Robert T. Lyons
The neighborhood
For the full corridor — architecture, transit, and pricing across Park Avenue — read The Roebling Team Guide to Park 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 940 Park 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