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$9,800,000
List Price: $10,000,000
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1050 Fifth Avenue #PHA
Coop in Carnegie Hill •  building info
5bd • 3.5ba
Buy with Yoreevo

$9,800,000

List Price

$10,000,000

Key Details
Days on market
51
Last price change
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Estimated payment
$40,639/mo
Taxes
Included in maintenance fees
Maintenance
$9,036/mo
Description
A Rare Legacy Fifth Avenue Penthouse Offering - First Time Available in Over 60 Years Perched high above the Upper East Side's Gold Coast, Penthouse A at 1050 Fifth Avenue presents an exceptionally rare opportunity: a residence that has remained in the same family since the building was completed in 1959, and now, after more than six decades, is available for resale for the very first time. This elegant, light-filled home offers a refined lifestyle defined by space, privacy, and panoramic views. Located on a semi-private floor with only one other residence, this expansive 8-room co-op boasts three to five bedrooms, three and a half bathrooms, and 3 private terraces, each offering distinct vantage points of Central Park, the Manhattan skyline, and the iconic Metropolitan Museum of Art. The gracious layout opens with a welcoming foyer and an elongated gallery, setting the tone for a home that flows beautifully from one space to the next. The oversized corner living room is bathed in natural light from South and West facing windows and opens directly onto a private terrace overlooking Central Park-a perfect setting for morning coffee or evening sunsets. Adjacent to the living room, a large formal dining room and a separate windowed kitchen allow for seamless entertaining and day-to-day comfort. Off of the kitchen is the fourth bedroom that can easily be used for guests or as a home office. A flexible bedroom wing allows for a variety of living arrangements. The current layout features three spacious bedrooms, including a versatile fifth room that functions beautifully as a library or home office with its own terrace. The primary suite is a serene retreat with a private terrace facing south toward the Met, a windowed en-suite bath, a large walk-in closet, and a hallway full of additional cabinetry for generous storage. Additional highlights include in-unit laundry, through-wall air conditioning, and an abundance of closets throughout the home. While the apartment is move-in ready, its scale and proportions offer endless potential for customization, allowing a future owner to reimagine and tailor the space to their lifestyle. 1050 Fifth Avenue is a full-service luxury cooperative designed by Melvin D. Lipman and Bernard Spitzer. Built in 1959 and located on the corner of East 86th Street and Fifth Avenue across from the Neue Galerie and Central Park, the 20-story building offers a 24-hour doorman and live-in resident manager as well as additional full-time staff ensuring attentive service, while modern amenities include a fitness center, common storage, garage, bike room, and laundry facilities. The building is pet-friendly and allows up to 50% financing. Pied-a-terre's allowed on a case by case basis. The location is among the most sought-after in Manhattan: across the street from Central Park, in the middle of Museum Mile, two blocks from the Metropolitan Museum of Art, and nearby access to all the shops, cafes, and cultural offerings of Madison Avenue and the Upper East Side. Whether enjoyed as-is or transformed into a one-of-a-kind showplace, Penthouse A offers a rare blend of heritage, privacy, and potential-an exceptional offering in one of Fifth Avenue's most respected postwar cooperatives. There is a capital assessment in place through 2025 of $1,649.20/month.

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Important Stuff
Elevator
Washer/Dryer in unit
Full Time Doorman
Cats and Dogs allowed
Unit features
Dishwasher
Hardwood floors
Private outdoor space

Terrace

View

City, Park, Skyline

Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Live In Super
Parking

Garage

Storage Space
Wellness and recreation
Gym
Building info

History
What it'll cost
Purchase price
$10,000,000
Asking Price: $10,000,000
Term
30 Years
Down Payment
$5,000,000 (50%)
Min: 50% (5,000,000)
Rate
6.5 %
Mortgage Amount
$5,000,000
Mortgage Payment
$31,603
Maintenance
$9,036
Estimated Yoreevo rebate
$200,000
Estimated closing cost
$332,000
Total monthly cost $40,639
Buy your dream home with us and get an estimated $200,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Coldwell Banker Warburg

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