This sought-after Carnegie Hill co-op has an impossible-to-beat location
Set along Fifth Avenue’s refined corridor of Museum Mile and directly across from one of the world’s most beloved parks, 1050 Fifth Avenue is incredibly desirable (and therefore, valuable) for its location. Completed in 1960 and designed by Melvin D. Lipman and Bernard Spitzer, the building’s history compounds this value. “It was originally built as a co-op which is a little unique,” says Lisa Lippman, the top broker at Brown Harris Stevens for eight years running. “A lot of buildings were built as rentals and then converted to co-ops. Because this one started as a co-op, the units are spacious and a lot of the layouts have formal dining rooms and good size closets.” The most coveted units have fantastic Central Park views that include the Jacqueline Kennedy Onassis Reservoir. “People are always really impressed by the views and the light. That’s always a major selling point, as is having a garage right there in the building,” Lippman adds.
Closed floor plans and large windows across 90 units
Although this is a postwar building, units have many of the desirable characteristics found in prewar apartments. Most have closed floor plans with foyers and distinct living, kitchen and dining spaces. Ceilings hover around 8.5 feet, but large windows make the units feel more open. “There’s all different levels of finishes unit to unit,” Lippman shares. “Some are original to the ’60s and some have been recently redone. But they all have very large windows. Even if they don’t have the park view, every apartment in the building gets great light.” The massive picture windows found in these units aren’t typical of buildings done in the ’60s. “I think because the building was located along Fifth Avenue and intended as a co-op, not a rental, they built it in a much nicer style,” Lippman says. Both one- and three-bedrooms are hard to come by in this building; there are only two of the former and four of the latter. Most units are two-bedrooms, which have recently listed between $2.1 and $3 million. In recent years, prices for four- and five-bedroom co-ops have ranged from $4.4 million and $10.5 million.
A new rooftop deck granted residents semi-private outdoor space
Upon their arrival, residents are welcomed by 24-hour door attendants before passing through a bright lobby. Unlike many residential buildings along Fifth Avenue, the lobby of this corner co-op is wrapped in glass, granting uninterrupted Central Park views. Speaking to the level of service in the building, Lippman says, “There are porters who can help you get out of the taxi, carry things up to your apartment or deliver any food that you ordered.” Previously, amenity spaces were quite limited, save a roughly 500 square foot gym in the basement and the adjacent storage room. But recently, the building added a new furnished roof deck with “fantastic views of the park, reservoir and Midtown,” according to Lippman. One other perk is the elevator-accessible parking garage, which has a guaranteed, discounted space available for every owner in the building.
At 86th Street and Museum Mile, the outdoors and culture are at residents’ fingertips
“1050 Fifth Avenue is perfectly located,” says Lippman. “The Metropolitan Museum of Art is just a few blocks away, as is the Guggenheim and Jewish Museum. And it’s easy to access the [Upper] West Side. If you go straight through the park at 85th Street, you’re a few blocks from the Museum of Natural History and the Hayden Planetarium.” Other than a few cafes and eateries, most restaurants are located three blocks east along Lexington Avenue, including L'Osteria for classic Italian dishes or Bocado for American bistro fare. For groceries, Morton Williams Supermarket and Butterfield Market are closer, both two blocks from the co-op in opposite directions.
Buses are the closest form of transit for 1050 Fifth Avenue residents
A stop for the crosstown bus is located right outside the building along 86th Street. Using the machine at the bus stop, residents can buy or refill their MTA card, should they prefer that payment method. Additional up- and downtown buses operate along Fifth Avenue. The nearest subway station is at 86th Street and Lexington Avenue, serviced by the 4, 5 and 6 trains. The N, Q and R trains are accessible farther east along Second Avenue.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
2/ 10
Very Bikeable
Bike Score®
77/ 100
Walker's Paradise
Walk Score®
98/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Ancient Playground
1 min walk
Central Park
7 min walk
Great Lawn
9 min walk
Picnic Area
Trails
Events
Abraham and Joseph Spector Playground
11 min walk
Playground
Park Avenue Malls
13 min walk
Picnic Area
Ruppert Park
13 min walk
Picnic Area
Trails
Playground
Samuel Seabury Playground
14 min walk
Basketball
Playground
Events
W 87th Street Park & Garden
15 min walk
Picnic Area
Playground
East Meadow
3 min drive
Multi-Purpose Field
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.
