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1020 Fifth Avenue, #7

$16,500,000 +6.5% | 5 beds, 6+ baths
813 days on Market

Key Details

  • Listed: Jan 20, 2022
    Last Price Change: -5.7% ($1,000,000) on Feb 3
    Days on Market: 813
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 880 times
Monthly Maintenance: $15,750
Est. Monthly Mortgage: $88,352
Total Est. Monthly Carrying Cost: $104,102
Note: the above is based on a down payment of 20% ($3,300,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Building: This full-service, white-glove cooperative is located at 1020 Fifth Avenue in the Carnegie Hill neighborhood, across from the Metropolitan Museum of Art and close to Central Park. The building, designed by Warren & Wetmore, the primary architects of Grand Central Terminal, was built in 1925 and consists of 13 apartments across 14 floors.
  • Apartment Features: The apartment boasts 5 bedrooms and 6+ bathrooms, a private elevator landing, a grandly-scaled gallery, three entertainment rooms with high ceilings and wood-burning fireplaces, and a chef’s eat-in kitchen with state-of-the-art appliances and abundant storage. The primary bedroom features a wood-burning fireplace, an ensuite bath, and a walk-in closet, while the other bedrooms each have an ensuite bathroom and ample closets.
  • Additional Features: The apartment also includes an office, a bedroom with an ensuite bath, original details like hardwood floors and period moldings, modern conveniences like new central air conditioning and windows throughout, and a washer/dryer. Pets are welcome.
  • Building Amenities: The building offers a full-time doorman, elevator, and concierge service. However, it does not have balconies, terraces, sundeck, health club, or garage.
  • Financial Details: The apartment is listed for $16,500,000 with a monthly maintenance fee of $15,750 and total taxes & fees of $15,750. Financing is not permitted and there is a 2% flip tax payable by the purchaser.
  • Restrictions: While the building is pet-friendly, it does not allow financing and there is a 2% flip tax payable by the purchaser. The building also does not have balconies, terraces, sundeck, health club, or garage.

Description

Perfectly located at the heart of the Upper East Side’s Historic District, this very elegant cooperative is directly across from the Metropolitan Museum of Art, moments from Central Park, and is convenient to many of New York City’s best schools, restaurants, museums, and galleries. Occupying the seventh floor of 1020 Fifth Avenue, this marvelous simplex boasts outlooks onto the Museum’s iconic limestone facade and the fountains and trees of David H. Koch Plaza, as well as spectacular panoramic vistas over Central Park’s dramatic seasonal foliage. With open views in four directions, sunlight is a constant in this most delightful apartment. A private elevator landing accesses the impressive and grandly-scaled Gallery from which emanate the three splendid entertainment rooms.

Within 1020 Fifth Avenue’s handsome limestone facade, an ingenious system of staggered floors has created Grands Salons with soaringly high ceilings on some levels, such as in the current, very fortunate residence. Featuring very dramatic scale, three sets of enormous windows, and a wood-burning fireplace, the spectacular and glamorous Living Room is stepped down from the rest of the apartment. Nearby, the very handsome corner Library boasts spectacular southern and western sunlight and a wood-burning fireplace, and the expansive, stately Dining Room, also with a wood-burning fireplace, complete the triumvirate of very welcoming entertainment rooms.

A Powder Room and a coat closet are conveniently accessible. Beyond, a cheerful and sunny chef’s eat-in Kitchen with state-of-the-art appliances and abundant storage is supported by a convenient Office and a Bedroom with an ensuite bath. The tranquil private quarters, separated from the rest of the residence by a long hallway, feature a very wonderful corner Primary Bedroom with a wood-burning fireplace, an ensuite bath, and a capacious walk-in closet. There are three additional Bedrooms, each with an ensuite bathroom and very ample closets.

The myriad architectural merits and stellar floor plan of this stunning apartment aptly convey the greatness of the top echelon of prewar cooperative residences. The proportions are gorgeous, and the extraordinarily thoughtful designs of the architects of yesterday easily facilitate today’s lifestyle with grace and comfort. Original details, such as beautiful hardwood floors and period moldings abound and are complemented by modern conveniences added in a recent renovation, including new central air conditioning and windows throughout.

1020 Fifth Avenue features an attractive and quiet canopied entrance on 83rd Street with beautiful sidewalk landscaping. Impeccable staffing includes a full-time doorman and porters, a concierge service, and a resident superintendent. Pets are welcome.

Designed in 1925 by the renowned firm of Warren & Wetmore, the primary architects of Grand Central Terminal, this Beaux-Arts masterpiece remains one of the supreme residential buildings in Manhattan. Maintenance: $14,146 Financing is not permitted Flip Tax: 2% Payable by the purchaser

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Apartment Amenities

  • Wood Burning Fireplace

Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 1020 Fifth Avenue

92

1020 Fifth Avenue has received a CityRealty Rating of 92, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

28
Out of 44
+
30
Out of 36
+
24
Out of 39
+
10
=
92
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
Yes 1 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
Some 1 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • FT Doorman
  • Elevator

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Pros
  • Spectacular- grand- noble apartments
  • Across from the Metropolitan Museum of Art
  • Fireplaces
  • Sidewalk landscaping
  • Doorman
  • Concierge
  • Impressive side street entrance with attractive lanterns
  • Many excellent Central Park Views
  • Fewer apartments than floors
  • Close to Subway
Cons
  • No balconies
  • Considerable traffic near entrance to Metropolitan Museum of Art
  • No terraces
  • No sundeck
  • No health club
  • No garage
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Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.31 miles

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