1020 Fifth Avenue

At the Northeast corner of 83rd Street
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1020 Fifth Avenue: CARTER'S REVIEW


One of the supreme residential buildings of New York, this limestone-clad apartment building has an unusual fenestration pattern that hints at its unusual and dramatic apartment layouts.

Its base is one of the finest in the city as it has four two-story arches on Fifth Avenue and six on the sidestreet, where it has its entrance.

Designed by Warren & Wetmore, the main architects of Grand Central Terminal who also designed the elegant apartment building at 927 Fifth Avenue, this 14-story building was completed in 1925.

The fifth-floor windows have balustraded decorative railings at their base and instead of a large cornice the building had a large balustraded railing around its top, which has been altered by the replacement of much of the balustraded columns with attractive iron railings.

It has only 13 apartments and they are spectacular. The top triplex, for example, was taken by a member of the Kress family, whose incredible collection of Italian Renaissance paintings, the largest ever assembled by an American, was largely given to 21 American museums including the National Gallery of Art in Washington and whose fortune came from a discount store of the same name that competed with Woolworth's.

In 2011, it was sold for $26.5 million to Stephen Cyrus Freidheim, the senior managing partner of Cyrus Capital Partners. It had once been priced at $50,000.

The building is across from the Metropolitan Museum of Art, but one block north of its main entrance. It is also one block south of the busy exit of a Central Park transverse road so that it is relatively quiet for its busy location. The building has a very impressive maisonette apartment with its own entrance on the avenue and extensive sidewalk landscaping on the avenue.



BUILDING SUMMARY
  • #10 rated co-op - East Side
FEATURES & AMENITIES
  • FT Doorman
  • Elevator
PROS & CONS
PROS
  • Spectacular, grand, noble apartments
  • Fewer apartments than floors
  • Many excellent Central Park Views
  • Close to many of city's finest schools
  • Impressive sidestreet entrance with attractive lanterns and lobby
  • Concierge
  • Doorman

CONS
  • No balconies
  • No garage
  • No health club
  • No sundeck
  • No terraces
  • Considerable traffic near entrance to Metropolitan Museum of Art

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