$11,600,000
$350K PRICE DROP

Estimated payment $82,490/month

Total Views 11,323
5 Beds
5.5 Baths
4,661 Sq Ft
$2,489 Price per Sq Ft

Highlights

  • Valet Parking
  • 5-minute walk to 86 Street (4,5,6 Line)
  • Granite Countertops
  • P.S. 6 Lillie D. Blake Rated A
  • Wood Flooring
  • 1-minute walk to Ancient Playground

About This Home

High above Fifth Avenue, where the city gives way to the green expanse of Central Park, a rare and remarkable canvas awaits. Penthouse 20 at 1049 Fifth Avenue spans over 4,650 square feet across a full floor, with sweeping views of Central Park and the skyline, elegantly framed by multiple private terraces. Accessed via a private elevator landing, the residence opens into a grand entry hall that is bathed in natural light from every direction. The layout is gracious and well-proportioned, offering an exceptional opportunity to reimagine a home of rare scale and sophistication atop Fifth Avenue. The western and northern wing hosts dramatic entertaining spaces: a double living room with a classically framed fireplace and panoramic Park and Reservoir views; a richly paneled library; a large media room with adjacent terrace; a windowed kitchen with breakfast area overlooking the Reservoir; and a spacious dining room flanked by two additional terraces. The eastern and southern wing features five bedrooms, each with en-suite baths, including one with a private terrace. The primary suite offers a sense of scale and privacy rarely found complete with dual bathrooms and separate dressing rooms. Throughout, oversized picture windows capture the surrounding vistas and flood the home with natural light. The offering includes a separate studio apartment on the third floor and a private storage locker. 2% flip tax payable by purchaser. 1049 Fifth Avenue is a distinguished white-glove condominium located along Manhattan’s Museum Mile, directly across from Central Park. Originally built in 1928 as the Adams Hotel, the 23-story tower is an elegant example of Functionalist architecture. In the early 1990s, the building was meticulously transformed into a luxury condominium with architecture by Costas Kondylis and interiors by Cullman & Kravis. Today, it offers residents full-service amenities including a 24-hour doorman, concierge, and resident manager.

Listing Agent

Robert Varvara

Compass License #10401229857 Listed on: 05/28/2025

Compass

Co-Listing Agent

Clayton Orrigo

Compass License #10401238394

Co-Listing Agent

Stephen Ferrara

Compass License #10401243834

Co-Listing Agent

Steve Dawson

Compass License #10401211000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $137,928

Year Built

  • Built in 1928

HOA Fees

  • $10,159 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 20th floor

Interior Spaces

  • 4,661 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bar
  • Crown Molding
  • Chandelier
  • Decorative Fireplace
  • Entrance Foyer
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Cooktop
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Dual Closets

Utilities

  • Cooling Available
  • No Heating

Additional Features

  • Balcony
  • Private Entrance

Listing and Financial Details

  • Legal Lot and Block 1107 / 01497

Community Details

Overview

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

Amenities

  • Valet Parking
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$137,928

Year Built

Built in 1928

Lot Details

0

HOA Fees

$10,159 per month

Listing Details

  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Entry Level: 20
  • Structure Type: High Rise, Mixed Use
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 22

Interior Features

  • Interior Features: Wet Bar, Built-in Features, Chandelier, Crown Molding, Entrance Foyer, Granite Counters, His and Hers Closets, Bar, Walk-In Closet(s)
  • Appliances: Cooktop, Dishwasher, Freezer, Refrigerator, Wine Cooler
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 4661.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 5

Exterior Features

  • View: No
  • Exterior Features: Balcony, Private Entrance, Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage, Valet

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: Other
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 10159.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 100.000000x102.170000

Building Info

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01497
  • Tax Lot: 1107
  • Tax Annual: 137928.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $137,021 $1,108,890 $211,305 $897,585
2024 $137,021 $1,095,996 $211,305 $884,691
2023 $132,190 $1,077,603 $211,305 $866,298
2022 $130,519 $1,077,654 $211,305 $866,349
2021 $127,204 $1,036,964 $211,305 $825,659
2020 $126,054 $1,148,797 $211,305 $937,492
2019 $122,267 $1,122,905 $211,305 $911,600
2018 $120,199 $1,075,279 $211,306 $863,973
2017 $113,584 $1,039,786 $211,305 $828,481
2016 $114,006 $983,114 $211,305 $771,809
2015 $40,199 $940,048 $211,305 $728,743
2014 $40,199 $895,447 $211,305 $684,142
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $11,600,000 0.0% $2,489 / Sq Ft
11/24/2025 11/24/25 Off Market $11,600,000 -- --
09/05/2025 09/05/25 Price Changed $11,600,000 -2.9% $2,489 / Sq Ft
05/28/2025 05/28/25 For Sale $11,950,000 -- $2,564 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Condominium Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,000,000 No Value Available
Closed $100,000 No Value Available
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20026861

Real Estate Board of New York (REBNY)

APN: 1497-1107