NOT LISTED FOR SALE

Estimated Value: $4,979,000 - $9,771,955

4 Beds
4 Baths
2,918 Sq Ft
$6,103/mo HOA Fee

Last Sold July 08, 2024

Last sale price $9,500,000 $3,256 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $51,755/month

81 Days on Market

Highlights

  • River View
  • 5-minute walk to 86 Street (4,5,6 Line)
  • Elevator
  • P.S. 6 Lillie D. Blake Rated A
  • Terrace
  • 1-minute walk to Ancient Playground

About This Home

As of July 2024

Introducing a Rare Fifth Avenue 3-4 Bedroom Condo on Museum Mile with Breathtaking Direct Views of the Reservoir & Central Park with Two Substantial Private Outdoor Terraces Welcome to an exceptional opportunity to own a one-of-a kind prime Upper East Side Museum Mile home with direct stunning Reservoir and Central Park views and two private outdoor terraces offering the best in indoor/outdoor living in one of the few Condominiums on Fifth Avenue. There is simply nothing else like it. Perched on the 17th floor at 86th Street and Fifth Avenue offering the ideal elevation and optimal position, this home boasts 46 linear feet of frontage facing Central Park with dramatic Reservoir, Central Park and skyline views from both the living room and the private terrace. This apartment is one of the only apartments at 1049 Fifth Avenue that has substantial outdoor space and direct views of the Reservoir and Central Park. In addition to 800 square feet of outdoor space, this Fifth Avenue corner home features a sprawling and luxurious interior of 2918 square feet boasting 3 spacious corner bedroom suites, with double exposures, 4 full bathrooms, a den/dining room (or 4th bedroom), and a windowed eat-in kitchen. A semi-private landing opens to a welcoming entry foyer leading to the corner double wide living room wrapped in windows framing the spectacular picture postcard direct views of the Reservoir and Central Park and skyline offering rare triple exposure (West, South and North), and seamless integrated dining space perfect for entertaining. Right off the living room is direct access to the private and spacious West terrace of 400 square feet with direct head on sweeping panoramic views of the Reservoir and Central Park and the NYC skyline which are equally stunning day and night. This West terrace is perfect for entertaining, lounging, and al fresco dining. This West terrace is also accessible from the den/dining room (alternative 4th bedroom). The windowed eat-in kitchen features polished granite floors, counters and backsplash, and wood-and-glass cabinetry with ample storage. This homes well designed layout features three substantial bedroom suites in a separate wing located down the gallery hall away from the entertaining space offering privacy. All three corner bedroom suites are spacious and sun-filled and benefit from windows with double exposure, ensuite bathrooms, and substantial closet space. The spacious and private luxurious primary suite is a secluded peaceful retreat with two exposures East and North, and offers direct access to a 400 square foot private sun-filled terrace with oblique views of the Reservoir and Central Park as well as stunning sweeping east facing skyline views. The primary suite is designed to accommodate a king size bed and couch, and features a large walk-in closet, two additional reach-in closets, and an ensuite bathroom with double sinks, a walk in shower, and a deep soaking tub. This East terrace off the master bedroom is also accessible from the North secondary bedroom. This unique home also features a walk-in closet in the foyer, herringbone hard wood floors, HVAC, and in-unit washer and dryer. 1049 Fifth Avenue is one of the few rare Condominium buildings on Fifth Avenue, and is a coveted boutique full-service luxury Condo with only 2 residences per floor in a prime Upper East Side location on Museum Mile next to the Neue Galerie and a few blocks to the Metropolitan Museum. Built in 1928 as the Adams Hotel, when this elegant pre-war building was converted to a modern residential Condo, it was renovated and re-designed by the notable Costas Kondylis Architects. Residents enjoy white-glove service, including a full-time doorman and concierge, and an on-site resident manager., and a prime Upper East Side location steps to the best in world-class restaurants, and designer shopping. Pied a terres and pets are welcome. Total square footage listed includes interior square feet of 2918 sf plus 50% of the exterior square footage of 803 sf. 2% ip tax paid by purchaser. Temporary assessment of $2798.48 per month until September 30, 2023.

Last Agent to Sell the Property

Donna Strugatz

Serhant License #10301207567 Listed on: 05/21/2023

Serhant

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $85,637

Year Built

  • Built in 1928

HOA Fees

  • $6,103 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • River

Home Design

  • 2,918 Sq Ft Home
  • Entry on the 17th floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Laundry in unit
  • Terrace
  • No Cooling
  • Basement

Listing and Financial Details

  • Legal Lot and Block 1102 / 01824

Community Details

Overview

  • 66 Units
  • High-Rise Condominium
  • Upper East Side Subdivision
  • 22-Story Property

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$85,637

Year Built

Built in 1928

Lot Details

0

HOA Fees

$6,103 per month

Parking

1

Listing Details

  • Exposures: East,North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Entry Level: 17
  • Structure Type: High Rise
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 22

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 2918.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • View: City, River
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No
  • Garage Spaces: 1.0

Utilities

  • Laundry Features: Building Other, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: Other
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 6103.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 66
  • Total Stories: 22
  • Year Built: 1928

Tax Info

  • Tax Block: 01824
  • Tax Lot: 1102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2023
Closed on
Jul 8, 2024
Sold by
Sei Investments Company
Bought by
Puth David and Puth Leslie
Seller's Agent
Donna Strugatz
Serhant
List Price
$11,995,000
Sold Price
$9,500,000
Premium/Discount to List
-$2,495,000
-20.8%
Views
179
Current Estimated Value
$7,314,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,185,011
Avg. Annual Appreciation
-17.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Puth David $9,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2024 07/08/24 Sold $9,500,000 -20.8% $3,256 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $11,995,000 -- $4,111 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $85,637 $693,045 $132,063 $560,982
2024 $85,637 $684,988 $132,063 $552,925
2023 $82,617 $673,491 $132,063 $541,428
2022 $81,367 $673,525 $132,063 $541,462
2021 $79,502 $648,093 $132,063 $516,030
2020 $77,959 $717,988 $132,063 $585,925
2019 $76,415 $701,806 $132,063 $569,743
2018 $75,124 $672,040 $132,063 $539,977
2017 $70,989 $649,857 $132,063 $517,794
2016 $71,253 $614,438 $132,063 $482,375
2015 $25,124 $587,522 $132,063 $455,459
2014 $25,124 $559,648 $132,063 $427,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10981116

Real Estate Board of New York (REBNY)

APN: 1497-1102