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.
applications

property contacts

confirm to continue

board minutes

Attorneys, Paralegals, and legal representatives can request to view Board Minutes via the Domecile platform. There is a fee associated with each approved request that is payable to Domecile.

questionnaires

Have a questionnaire completed by property management.

documents

additional resources

building policies

general policies

Pets 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.
building & management fees

Fees set by and remitted to building and property management company.

co-op sale

payor fee due upon amount
Buyer Application Processing Fee Submission $500
Buyer Application Processing Fee for Co-applicant(s) or Guarantor(s) Submission $250 per Co-applicant/ Guarantor
Buyer Appraisal Research and Co-op Supplement Submission $250 (if financing)
Buyer Corporate Application Fee Submission $1,000
Seller Lead Based Paint Disclosure Fee Submission $75
Buyer Financing Fee Closing $300 (if financing)
Buyer Move In Deposit (Refundable) Closing $2,500
Seller Closing Fee Closing $800 ($850 without a Broker) plus $0.05 per share
Seller Flip Tax Closing 2% of Gross Sales Price
Seller Move Out Deposit (Refundable) Closing $2,500
Seller Sale by an Estate or Trust - Closing Fee Closing $1,000 plus $0.05 per share
Buyer Background Check Fee Submission $871.00 per applicant or $1,633.13 for a married couple

co-op sublet

payor fee due upon amount
Shareholder Corporate Sublet Fee Submission $750 and 25% of the Rental/Maintenance differential if the rent is higher than the maintenance.
Shareholder Lead Based Paint Disclosure Fee Submission $75
Shareholder Subletting Fee Submission $300
Subtenant Application Processing Fee Submission $250
Shareholder Security Deposit (Refundable) Upon Approval Amount equivalent to three months' maintenance

less refinance

payor fee due upon amount
Shareholder Appraisal Research and Co-op Supplement/Certification Fee Submission $250
Shareholder Financing Fee Submission $400
Shareholder Processing Review Fee Submission $750

more refinance

payor fee due upon amount
Shareholder Appraisal Research and Co-op Supplement/Certification Fee Submission $250
Shareholder Financing Fee Submission $400
Shareholder Processing Review Fee Submission $750

co-op transfer

payor fee due upon amount
Shareholder Transfer Fee) Submission Contact Transfer Agent for fee schedule
processing

single application initiation fee

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

payor fee due upon amount
Agent /
Attorney
Applicant
Current Resident
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
Initiation
Initiation
N/A
$75
$120
Free
Application Participants Any N/A Free

digital submission fee

payor fee due upon amount
New Resident Purchase
Sublet/Lease
Storage Sale
Parking Sale
Complimentary $65
Current Resident Renewal
Refinance
Transfer
Storage Sale
Parking Sale
Alteration
Complimentary $45

app admin fee

payor due upon amount
Any Participant Paying Building Fees Submission 5% of Total
(excluding Digital Submission & Initiation Fees)
All property information and documentation provided by property management.
10/20/25
Total Fees: 420