1001 5th Ave

1001 5th Ave, Manhattan, NY, 10028

Description

1001 5th Ave stands proudly on the Upper East Side of Manhattan, at the corner of East 77th Street. The building overlooks both the famous Central Park and the nearby East River. This well-placed high-rise offers stunning city park and greenbelt views. The site is close to cultural spots like the Metropolitan Museum of Art. Constructed in 1979, this limestone facade building features 23 stories and approximately 75-76 units. Unit sizes vary widely, ranging from 700 to 2,500 square feet. Each unit includes a mix of one to four bedrooms, making it ideal for various needs. The building serves as a full-service cooperative, ensuring convenience for tenants. Prices for units range from $4,995,000 to $5,600,000. The lowest sold price recently approached $2,450,000. Average closed prices are about $4,025,000, with the average price per square foot hitting $2,240. Properties in this building spend around 248 days on the market. Residents enjoy numerous amenities, including a 24-hour doorman and concierge service. A resident manager lives on-site, enhancing building security. Fitness enthusiasts can take advantage of a well-equipped fitness center. Bike storage and laundry facilities are also available for residents. Pets are welcome with board approval, making this a potentially great home for pet lovers. Pied-a-terre ownership is allowed, and there’s a 2% flip tax when selling. This building combines elegance and comfort in a location rich with culture and accessibility.