1050 Fifth Avenue - Carnegie Hill
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1050 Fifth Avenue is a distinguished 19 story beige brick cooperative built in 1960 on the northeast corner of 86th Street, commanding spectacular Central Park views. Designed by Wechsler & Schimenti and constructed by Bernard Spitzer and Melvin D. Lipman, this 90 unit building benefits significantly from its prime Museum Mile location and expanded views afforded by the handsome Georgian style Neue Galerie mansion (formerly the Serge Sabarsky Museum) on the adjacent corner, which prevents obstruction of the southern park vistas.
The building's impressive architectural details include a limestone clad first story with an attractive canopied entrance and lush sidewalk landscaping. The centerpiece is a very large and impressive lobby featuring iron doors, marble floors and columns, and a distinctive yellow marble fountain that were formerly in the Morton Plant mansion that previously occupied this site. The original 40 room Rovensky mansion, designed by Guy Lowell in 1916 for shipping and railroad tycoon Morton F. Plant, was described as "a last vestige of the avenue's gilded era" before being demolished for the current building.
Apartments range from renovated one bedrooms with Central Park views to expansive penthouses spanning 4,000 square feet. Many units feature private terraces, oversized picture windows, and chef's kitchens with high end appliances including Sub Zero refrigerators and Gaggenau cooktops. Notable layouts include corner units with 40 feet of Fifth Avenue frontage, Penthouse A which remained in the same family for over 60 years and is available for the first time, and various configurations with formal dining rooms, libraries, and staff quarters. Common features across units include hardwood floors, in unit laundry, abundant closet space, and through wall air conditioning.
The building operates as a white glove full service cooperative with 24 hour doorman, live in resident manager, and attended elevators. Amenities include a fully equipped gym, bike storage, basement laundry facilities, storage units, and a spectacular roof deck with panoramic Manhattan views. Residents enjoy discounted garage parking for approximately $320 to $400 per month, significantly below neighborhood market rates. The building is pet friendly and allows pied à terre ownership on a case by case basis.
The location on Museum Mile places residents directly across from Central Park with the Metropolitan Museum of Art just two blocks away. The building sits adjacent to a westbound crosstown bus stop and benefits from minimal traffic on 86th Street, as the Central Park transverse roads are at 84th and 85th Streets. Views encompass the Jacqueline Kennedy Onassis Reservoir, Central Park West's prewar buildings, the George Washington Bridge, and south toward the Metropolitan Museum, though residents should note that parade noise can be significant during summer months when many parades turn on 86th Street.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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