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1 Fifth Avenue

Between Waverly Place & East 8th Street

Key Details

  • Year Built 1927
    Building Type Cooperative
    Neighborhood Greenwich Village
  • Total Apartments 184
    Total Floors 27
    Doorman FT Doorman
N/A
Avg. Price / ft2
N/A
Avg. Price / ft2
N/A
Avg. Price / ft2

Rating

30
Out of 44

Architecture Rating: 30 / 44

+
32
Out of 36

Location Rating: 32 / 36

+
18
Out of 39

Features Rating: 18 / 39

+
10
=
90

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #33 Rated co-op in Manhattan
  • #2 Rated co-op - Downtown
  • #1 Rated co-op - Greenwich Village
 

Description

An isolated skyscraper, a rarity in Manhattan, One Fifth Avenue was one of the first Art Deco towers in the city and it dominates Lower Fifth Avenue, Washington Square Park and Greenwich Village.

Designed in 1927 by Helmle & Corbett with Sugarman & Berger, this is one of city's premier residential skyscrapers.

Its dark brown masonry and strong verticality make this tall setback tower quite monolithic.

The building, Christopher Gray noted in a 1992 article in The New York Times, "is one of the city's most illusionistic statements, where flat brickwork is made to appear three-dimensional through false shadow effects." The building that year completed a repair of its façades that gave the building, according to Mr. Gray, "an odd, spotty effect as the new horizontal ranges of brickwork clash with the old vertical detailing that was the basis of the false shadow effects." The four "turret-like corners" have a "false projection—darker vertical bands of brick look like shadows cast against the main wall" and "vertical, paired white and black brick stripes convincingly imitate angled masonry projections rising between the windows," Mr. Gray pointed out.

Harvey Wiley Corbett was a very influential architect of the early skyscraper age and, according to Robert A. M. Stern, Gregory Gilmartin and Thomas Mellins in their book, "New York 1930 Architecture and Urbanism Between The Two World Wars," (Rizzoli, 1987, "succeeded in overthrowing virtually all specific stylistic references in favor of a simple, naturalistic composition the most notable decoration of which came from the use of light and dark bricks to simulate shadows."

The authors quoted T-Square, a contemporary architectural journal, as noting that despite some "battlements, machiolations, pointed buttresses and various medieval suggestions..., this is thoroughly modern architecture." They also note that the "original design was a highly eclectic mixture of vaguely Venetian and French Romanesque details."

The building was developed by Joseph G. Siegel who leased the site in 1926 from Sailors' Snug Harbor, a charitable institution with considerable holdings in the area. The plan was for an apartment hotel of small units, each with a serving pantry for food brought up by service elevator from a central restaurant on the ground floor, Mr. Gray wrote.

The lower four stories of the building are covered in limestone and the building's large lobby is wood-paneled and traditionally attractive, with no hint of the more modernistic and stark, yet quite robust treatment of the tower's handsome façade. The building's prominent location between East 8th Street and Washington Mews, half a block from the Washington Arch, has made it a major landmark for the neighborhood.

The lobby's paneling recalls paneling that was in the Greek Revival house formerly on the site and the Gothic-style quatrefoil designs on the lanterns at the main entrance refer to the [Episcopal] Church of the Ascension's two blocks up the avenue, Mr. Gray observed.

An elegant and large restaurant and nightclub overlooking the attractive mews with its former carriage houses for the Greek Revival mansions, celebrated by Henry James, facing Washington Square Park has occupied much of its street-level space for a couple of decades. Its entrance is on 8th Street.

The façade has quite interesting limestone balconies with tubular form balustrades on the fourth floor and the building has many attractive terraces.

The 184-unit building was converted in 1986 to a cooperative.

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Building Amenities

  • Concierge
  • FT Doorman
  • Hi Rise
  • Pre War
  • Basement Storage
  • Washer/Dryer in building
  • Elevator
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Apartments for Sale at 1 Fifth Avenue (5)

5
Available Apts
$949K - $4.5M
Price Range
N/A
Avg. Price / ft2
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Apartments for Rent at 1 Fifth Avenue (1)

1
Available Apts
$37,500
Prices Start At
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Carter Horsley's Review

Carter Horsley's Building Review
"An isolated skyscraper, a rarity in Manhattan, One Fifth Avenue was one of the first Art Deco towers in the city and it dominates Lower Fifth Avenue, Washington Square Park and Greenwich Village.
Designed in 1927 by Helmle & Corbett with Sugarman & Berger, this is one of city's premier residential skyscrapers." Read Carter's Full Review
Pros
  • Many apartments have excellent views
  • Good public transportation
  • Close to Washington Square Park
  • Large wood-paneled lobby
  • Original Art Deco skyscraper design
  • Some terraces
  • Elegant entrance
  • Prime location on Lower Fifth Avenue
  • Close to Subway
Cons
  • Heavy traffic
  • Not many large units
  • Noisy location
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More Neighborhood Info

Subways

  1. N
  2. R
at Broadway and 8th Ave 0.22 miles
  1. M
  2. E
  3. C
  4. B
  5. D
  6. F
  7. A
at 6th Ave and Waverly Pl 0.23 miles
  1. 6
at 4th Ave and East 8th 0.30 miles
  1. Q
  2. 5
  3. 4
  4. L
at Broadway and 14th 0.35 miles
  1. 1
at 7th Ave 0.37 miles
  1. 3
  2. 2
at 6th Ave and 14th 0.38 miles
 

Sales History - Past 10 Years

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Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$4,083,333
Avg. Price
Based on 3 Sales
 

Closing History - Past 12 Months (3)

View All Closed Transactions since 2017
3
Units Sold
$3.1M - $5.9M
Price Range
N/A
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 345 Available for Sale
  • $2,312 Avg. Price / Ft2
  • $3,962,736 Avg. Price
  • $1,895,000 Median Price
  1. Most Expensive 11 West 12th Street Apt TH | $28,500,000
  2. Least Expensive 50 East 8th Street Apt 3I | $375,000
Not enough data available to generate chart.
  • 77 Available for Rent
  • $85 Avg. Price / Ft2
  • $7,511 Avg. Price
  • $5,000 Median Price
  1. Most Expensive The Greenwich Lane Apt 34WEST | $49,500
    Price / ft2 $141
  2. Least Expensive 24 Fifth Avenue Apt 220 | $2,400
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 416 Total Sales
  • $1,736 Avg. Price / Ft2
  • $1,919,099 Avg. Price
  • $1,300,000 Median Price
  1. Most Expensive The Greenwich Lane Apt PH7A | $19,500,000
    Price / ft2 $4,517
  2. Least Expensive 210 Thompson Street Apt 4DN | $290,000

Famous Residents

 

Alternate Address

  • 68 Washington Mews

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