Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $9,000,000

· Closed April 1, 2026

1049 5th Avenue #PH20
Closed For Sale Condo

$9,000,000

$1,931 per sq ft

1049 5th Avenue #PH20

Upper East Side, Manhattan

MLS® #RLS20026861

RLS at REBNY

Listing by Compass

5

Bedrooms

5.5

Baths

4,661

Sq. Ft.

1928

Year Built

Quick Summary

Bedrooms 5
Bathrooms 6 full, 1 half
Living Area 4,661 sq ft
Year Built 1928
Ownership Condo
HOA/Common Charges $10,159/mo
Property Taxes $137,928/yr
Parking Garage
Neighborhood Upper East Side
Floor 20 of 22

Property Highlights

  • Exposure: East,North,South,West facing
  • Outdoor Space: Balcony
  • Fireplace: 1 fireplace

Property Details

Type Condo
Ownership Condominium
Total Rooms 10
Baths 5 Full, 1 Half
Floor 20 of 22
Exposure East,North,South,West
Cooling Other
Pets Yes, CatsOk, DogsOk
Year Built 1928
Living Area 4,661 sq ft
Parking Garage Available
Parking Features Garage, Valet
Structure Type HighRise,MixedUse
Flooring Hardwood
Furnished Unfurnished
Block/Lot 01497/1107

Listing History

Event Date Price Change
Listed May 28, 2025 $11,950,000 -
Price Reduced Apr 1, 2026 $11,600,000 -2.9%
Currently Jun 6, 2026 $9,000,000 -22.4%

Description

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.

Features & Amenities

Interior Features

Wet Bar Built In Features Chandelier Crown Molding Entrance Foyer Granite Counters His And Hers Closets Bar Walk In Closets Building Washer Dryer Install Allowed In Unit Flooring: Hardwood Fireplace (1)

Exterior Features

Balcony Private Entrance Private Outdoor Space Over60 Sqft Balcony

Building Amenities

Elevators

Appliances

Cooktop Dishwasher Freezer Refrigerator Wine Cooler

Building Information

Building Data View Compliance & Permits
Total Units 66
Stories 22
Structure HighRise,MixedUse

Financial Details

Common Charges $10,159/mo
RE Taxes $137,928/yr ($11,494/mo)
Original Price $11,950,000
Sale Price $9,000,000
Previous Price $11,600,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, 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

337

Median Asking Price

$1.55M

Median $/Sqft

$1,455

Avg Days on Market

N/A

New This Week

21

Price Reduced

35%

Sold (30 Days)

57

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 6/6/26, 6:19 AM EST

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Location

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1049 5th Avenue #PH20, Upper East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1928
Year Built
98 years old
22
Floors
66
Residential Units
R10
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $26,678,256
Land Value: $5,062,500
Exemptions: $2,290

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 10,216 SF
Building Area: 131,838 SF
Built FAR: 12.91
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $10,159 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $137,928, or roughly $11,494 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 5 full bathrooms and 1 half bathroom.

The listed interior living area is 4,661 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1928, making it approximately 98 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property: Building Pets Allowed Comments:Cats and Dogs Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $9,000,000 for 4,661 sq ft, the asking price per square foot is approximately $1,931. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20026861
First Listed: 5/28/2025
On Market: 5/28/2025
Price Changed: 4/1/2026
Closed: 4/1/2026
Contract Date: 5/21/2025

Listing Courtesy of Compass - Robert Varvara

Listing Contact: (914) 844-4940

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 6/6/2026 at 10:19 AM UTC

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