1040 Park Avenue

New York, NY 10028
Co-op
About
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

www.MargolisElliman.com

Applications
1040 Park Avenue - Sale (G)
1040 Park Avenue - Sublease (G)
1040 Park Avenue- Refinance
Building Policies
  • Pet Policy: Allowed
  • Flip Tax: Yes, 2% of the purchase price, paid by either Seller or Buyer
  • Financing Allowed: 50% of purchase price
  • 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.
  • Pied-a-terre Policy: Not Allowed.
Property Contacts 2017 de primary rgb propertymgmnt

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Documents

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 05/17/19

Building Offering Plan And Amendments

Offering Plan ONLY - 1040 Park Avenue.pdf $50.00 01/15/19

Building Proprietary Lease

Proprietary Lease - 1040 Park Avenue.pdf $50.00 09/21/17

By Laws

By-Laws - 1040 Park Avenue.pdf $50.00 09/21/17
Amenities

Special Amenities

Elevator
Fitness Center
Laundry Room

On Site Services

Doorman

Utilities

Central Air Conditioning/Heat (HVAC)

Pets

Pets OK, Upon Approval
Building 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 $200 Submission
Shareholder Security Deposit An amount Equivalent to three month's maintenance Upon Approval

Refinance

Payor Building Fees Amount Due Upon
Shareholder Appraisal Research and Co-op Supplement $250 Submission
Shareholder Financing Fee $400 Submission
Shareholder Processing Fee $750 Submission
BoardPackager Processing

Single Application Initiation Fee

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

Payor Fees Amount Due Upon
Application
Initiator
If Agent or Attorney

If Applicant or Owner
$50

$100
Initiation
Application Participants Any Free N/A

Application Submission Fee

Payor Amount Due Upon
Applicant $45 Complimentary

Credit Card Processing Fee

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

Property managed by:
2017 de primary rgb propertymgmnt
All building information and documentation provided by property management.
05/17/19
Total Fees: 53

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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