1060 Fifth Avenue

Overview of 1060 Fifth Avenue

Designed by renowned architect J.E.R. Carpenter and completed in 1928, 1060 Fifth Avenue stands as one of Carnegie Hill's most distinguished pre-war cooperatives. This 13 story brown brick building with limestone base occupies a prime corner location at 87th Street, directly across from Central Park. The building replaced the imposing mansion of Henry Phipps, Andrew Carnegie's steel partner, whose former estate included expansive gardens that once graced this coveted corner. Converted to a co-op in 1953, the building houses just 48 apartments, creating an intimate yet grand residential environment with white glove service.

The apartments at 1060 Fifth Avenue are notable for their exceptional scale and prewar grandeur. Many units feature soaring 10 to 11 foot ceilings, expansive entrance galleries, and multiple wood burning fireplaces housed in antique marble mantels. The larger apartments showcase the building's luxury pedigree with 30 foot corner living rooms, formal dining rooms capable of seating 30 guests, butler's pantries, and staff quarters that reflect the era's grand lifestyle. Several units boast nearly 50 feet of Central Park frontage, while others feature the building's signature long corridors and generous room proportions that Carpenter designed to maximize views and natural light on upper floors.

Residents enjoy a comprehensive suite of amenities that rival modern luxury buildings, including a state of the art fitness center with resistance swimming pool, half basketball court, and golf simulator. The building maintains full time doorman service, a resident manager, and concierge services, along with private storage rooms and individual vault spaces for each apartment. The building welcomes pets, allows up to 50% financing, and charges a 3% flip tax to purchasers.

The building gained attention in 2008 when hedge fund founder Scott Bommer sold what was then the city's most expensive co-op for $48.9 million, a combined unit he had purchased and renovated just months earlier. Other notable residents have included Bruce Gelb. Located steps from the Guggenheim Museum and Metropolitan Museum of Art, with Central Park at its doorstep and Madison Avenue shopping nearby, 1060 Fifth Avenue represents the pinnacle of Upper East Side luxury living in the heart of the Carnegie Hill Historic District.