Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $10,750,000

Listed at $12,500,000 · Sold 14.0% below asking · Closed May 1, 2025

1016 Fifth Avenue #PHE
Looking for something similar?
Closed For Sale Co-op

$12,500,000

1016 Fifth Avenue #PHE

Upper East Side, Manhattan

MLS® #RLS11027285

RLS at REBNY

Listing by Sothebys International Realty

3

Bedrooms

3

Baths

N/A

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Lot Size 13,999 sq ft
Year Built 1926
Ownership Co-op
Maintenance $9,698/mo
Neighborhood Upper East Side

Property Highlights

  • Views: City
  • Exposure: East,North,South facing
  • Outdoor Space: Building Terrace, Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 8
Baths 3 Full
View City
Exposure East,North,South
Pets Yes
Year Built 1926
Architectural Style Prewar
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Lot Size 13,999 sq ft
Block/Lot 01494/0069

Description

Welcome to the epitome of luxurious city living in this breathtaking 3 Bedroom penthouse with the most magnificent wrap terrace. Perfectly situated just across from the iconic Metropolitan Museum, this exquisite residence offers a rare blend of sophisticated design, panoramic views, and versatile living spaces. A private elevator landing opens to a grand gallery drenched in sunshine from the wall of south facing windows. As you enter this exclusive penthouse, you are immediately greeted by the stunning terrace that extends the full length of the residence providing an outdoor oasis with unparalleled views of the cityscape. The terrace serves as an extension of the living space, inviting you to indulge in al fresco dining, entertain guests, or simply unwind while soaking in the captivating vistas that unfold in every direction. The interior of the penthouse is an artful fusion of modern elegance and timeless design with ceilings soaring over 11 feet. The spacious Living Room, adorned with floor-to-ceiling windows, bathes the space in natural light and frames the city skyline like a work of art. The centerpiece of the Living Room is an impressive marble fireplace that spans the entire height of the room. It’s a major wow. With its sleek finishes and state of the art appliances, the Eat in Kitchen is a chef's dream. It seamlessly integrates with the Dining Room and Living Room, creating an ideal setting for both intimate dinners and grand gatherings. Located behind the Dining Room is a perfectly placed Home Office/Gym. Completing the living space, is a handsome Library with an ensuite windowed bathroom. This room can easily be converted to a 3rd Bedroom. The private Bedroom quarters provide a wonderful retreat. There are two masterfully designed Bedrooms. The Primary Suite is an oasis of tranquility with the most fabulous en suite Bath boasting commanding views of the city. The Second Bedroom is sun-filled and has an en suite bathroom with a porthole window. This exceptional penthouse is more than a home; it's a masterpiece of urban living, offering a lifestyle defined by sophistication, convenience, and the sheer beauty of New York City at every turn. 1016 Fifth Avenue is a white-glove, prewar cooperative directly across the street from the Metropolitan Museum of Art and Central Park. Residents enjoy an array of amenities, including a 24-hour door attendant, a live-in resident manager, a stunning marble-clad lobby, a gym, and storage space. The building is pet friendly.

Features & Amenities

Interior Features

Entrance Foyer Eat In Kitchen Galley Kitchen Kitchen Window Common Area Laundry Room In Unit Flooring: Hardwood

Exterior Features

Private Outdoor Space Over60 Sqft Building Terrace Terrace

Appliances

Dryer Dishwasher Washer

Building Information

Total Units 56
Stories 15
Structure HighRise
Style Prewar

Financial Details

Maintenance $9,698/mo
Sale Price $10,750,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its quiet, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

329

Median Asking Price

$1.30M

Median $/Sqft

$1,497

Avg Days on Market

N/A

New This Week

33

Price Reduced

23%

Sold (30 Days)

34

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 3/24/26, 7:20 PM EST

Similar Listings in Upper East Side

View All

Location

Loading map...

1016 Fifth Avenue #PHE, Upper East Side, New York County

MLS® ID: RLS11027285
First Listed: 1/6/2025
On Market: 1/6/2025
Closed: 5/1/2025
Contract Date: 1/6/2025

Listing Courtesy of Sothebys International Realty - Allison Koffman

Listing Contact: (212) 606-7688

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/24/2026 at 11:20 PM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton