$2,985,000

This gracious three-bedroom, three-and-a-half-bath residence on Park Avenue offers generous proportions, abundant natural light, and a flexible floor plan with exceptional potential to create a home tailored to the next owner.

The expansive living and dining rooms offer ample space for everyday living and entertaining, with desirable southern exposure and a wood-burning fireplace anchoring the living room. Architecturally detailed beamed ceilings enhance the home's character. The generous kitchen and adjoining areas can be transformed into a substantial eat-in kitchen and den. The kitchen includes additional under-counter refrigeration and a wine drawer.

A separate bedroom wing provides privacy from the home's main entertaining spaces. The south-facing primary suite features an en-suite bath and through-the-wall air conditioning. The second bedroom also enjoys an en-suite bath. A generously proportioned third bedroom, additional full bath, and powder room complete the layout.

Ample closet space is found throughout, and central air conditioning may be installed, subject to building approval. There is an in-unit washer/dryer. With its gracious scale, southern light, wood-burning fireplace, and adaptable floor plan, the residence presents a rare opportunity to create a truly special Park Avenue home.

Designed by Delano & Aldrich and built in 1925, 1040 Park Avenue is a distinguished full-service cooperative offering a doorman, lobby concierge, lobby-level fitness center, bicycle storage, and laundry room. Basement storage bins are available for rent. One block from the subway and cross-town bus, 1040 Park Avenue offers convenient access to schools, museums, Central Park, and major attractions. Pied-à-terre ownership and pets are permitted, with board approval. The building allows up to 50% financing. A 2% flip tax is payable by the purchaser.