2 years on rocket

1020 5th Ave Unit 7, New York City, NY, 10028

$16,500,000

5 Bedrooms
5 Full Baths, 1 Partial
Condo
Schools Nearby

Location

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Property Highlights

Home TypeStock Cooperative
Year Built1924
CoolingCentral Air
FireplaceWood Burning
ViewCity
MLS #PRCH-3739635
StatusActive

About 1020 5th Ave Unit 7

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

Property Details

Property Features

Property Information:

  • Year Built: 1924

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Serena Boardman
  • Agent Phone: (212) 606-7611

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Interior: Den, Entrance Foyer, Eat-in Kitchen, Elevator, Kitchen Window
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: City

Utilities

Utilities Information:

  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $16,500,000

HOA Fees:

  • Amount: $15750
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

1020 5th Ave Unit 7 vs New York

828 DAYS ON ROCKET

+732 Days

$16,500,000

+$15.6M More

KEY TAKEAWAY

This property is $15.6M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-3739635

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Serena Boardman
  • Agent Phone: (212) 606-7611

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 5/2/2024, 2:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$98.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$49.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4510080
10
/10
  • PS 6 Lillie D Blake

  • 45 E 81st St

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-4510081
10
/10
  • PS 290 Manhattan New School

  • 311 E 82nd St

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-4510082
10
/10
  • PS 77 Lower Lab School

  • 1700 3rd Ave

  • 0.71 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $208,930. The most common annual income of people living in New York, NY is $200k+. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1020 5th Ave Unit 7

What is the listing price of this property?

The listing price of 1020 5th Ave Unit 7 property is $16,500,000.

What type of property is this?

The property 1020 5th Ave Unit 7 is a condo located in New York City, New York, 10028.

Is this property for sale now?

Active Listing: 1020 5th Ave Unit 7 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1020 5th Ave Unit 7 has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The sq. ft. of 1020 5th Ave Unit 7 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 1020 5th Ave Unit 7 is 1924.
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Rocket HomesNew YorkNew York100281020 5th Ave Unit 7

This home is located at 1020 5th Ave Unit 7 in New York City, NY and zip code 10028 in the Upper East Side neighborhood. This home was built in 1924. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 25, 2022 and is currently priced at $16,500,000.

In April 2024 more than 168 listings in New York, NY were sold above the asking price. During the same period more than 758 listings were sold at asking price, while more than 748 were sold below. In April 2024 in New York, NY there were 3.8% more homes for sale than in March 2024. In April 2024 median list price was $849,191 and the average listing age was 96 days.

From Rocket Homes Real Estate and based on county public records data.

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