Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $10,000,000

· Closed March 26, 2015

781 5TH Avenue #1601/1604
Closed For Sale Co-op

$10,000,000

781 5TH Avenue #1601/1604

Upper East Side, Manhattan

SHERRY NETHERLAND H

MLS® #RLS10086716

RLS at REBNY

Listing by Sothebys International Realty

5

Bedrooms

7

Baths

N/A

Sq. Ft.

1927

Year Built

Quick Summary

Bedrooms 5
Bathrooms 7
Year Built 1927
Ownership Co-op
Maintenance $34,439/mo
Neighborhood Upper East Side

Property Highlights

  • Exposure: North,South,West facing
  • Style: Prewar architecture
  • Character: Pre-war building (1927)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 11
Baths null Full
Exposure North,South,West
Pets Yes
Cross Street East 59th Street/East 60th Street
Year Built 1927
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Oct 8, 2013 $22,500,000 -
Price Reduced Mar 26, 2015 $15,000,000 -33.3%
Currently May 14, 2026 $10,000,000 -33.3%

Description

Superlative Residence at The Sherry Netherland A rare opportunity to acquire a grand residence at The Sherry Netherland Hotel. Perfectly located on the 16th floor with 100 linear square feet overlooking Central Park and breathtaking 180 degree Park and city views, including the Grand Army Plaza and many other iconic landmarks. For the past 2 years, there has been an extensive amount of design and architectural planning to create a clean white space. You can bring your own ideas and architect to create your own masterpiece, or adapt the extraordinary proposed plans which are available for review upon request. The proposed floor plan leads into a gracious gallery adjoining a 57 foot Living Room on Central Park. In addition, an elegant Library, Formal Dining Room, Media room, 2 Studies, 4-5 Bedrooms and 6 Baths and 3 half Baths. In addition, appropriate entertaining Kitchen with staff quarters. The Northern wing of the residence consists of double corner Master Suite facing Central Park West and sublime views North, large dressing rooms, tremendous closet space and his and her bathrooms. Adjoining the master bedroom, there is a den with full bathroom and a coffee bar. Included in this wing, is a grand foyer or media room and two additional bedrooms with en-suite baths. The Southern side of the apartment offers a library with sweeping Park and South city views, beautiful Dining Room, large Sitting Room, Media Room, and Staff quarters. In addition, there are several Butler s Pantries and a professional kitchenette and bar. The proposed plans call for 2 powder rooms, 2 laundry facilities. There are 2 main entries into the apartment and a back service entry. The ceiling height is 10 4 and the columns and ceiling were hand chiseled to protect the buildings authenticity. The prestigious white glove Sherry Netherland Hotel is a timeless classic located on Fifth Avenue boasting expansive vistas of the city skyline. A 38 story hotel towering 570 feet topped with an elaborate Gothic minaret. Residential services include turn down service and daily maid service, in room dining from Harry Cipriani, 24 hour concierge and elevator operators. Valet parking and full hotel living makes this 5 star residence a once in a lifetime opportunity. Also, this magnificent building offers a state of the art onsite full fitness center, valet parking, beauty salon and barber shop, and the renowned Harry Cipriani restaurant and Doubles private club. Pets and pied a terres are welcome. The quintessential Sherry Netherland Hotel and Cooperative is an expression of privilege and considered one of The Grand Hotels of the Jazz Age. When The Sherry-Netherland opened in 1927 it has attracted society s elite and business and political leaders because of its five-star service and high-end accommodations. The building was designed and built by Schultze & Weaver , the architectural firm that designed and built The Pierre and The Waldorf-Astoria. A true New York City icon, 781 Fifth Avenue emanates exquisite ambiance and is the ultimate classic New York City Luxury Hotel. A rare opportunity to acquire a grand residence at The Sherry Netherland Hotel. Perfectly located on the 16th floor with 100 linear square feet overlooking Central Park and breathtaking 180 degree Park and city views, including the Grand Army Plaza and many other iconic landmarks.

For the past 2 years, there has been an extensive amount of design and architectural planning to create a clean white space. You can bring your own ideas and architect to create your own masterpiece, or adapt the extraordinary proposed plans which are available for review upon request.

The proposed floor plan leads into a gracious gallery adjoining a 57 foot Living Room on Central Park. In addition, an elegant Library, Formal Dining Room, Media room, 2 Studies, 4 Bedrooms plus a Den and 6 full Baths and 3 half Baths. In addition, appropriate entertaining Kitchen with staff quarters.

The Northern wing of the residence consists of double corner Master Suite facing Central Park West and sublime views North, large dressing rooms, tremendous closet space and his and her bathrooms. Adjoining the master bedroom, there is a den with full bathroom and a coffee bar. Included in this wing, is a grand foyer or media room and two additional bedrooms with en-suite baths.

The Southern side of the apartment offers a library with sweeping Park and South city views, beautiful Dining Room, large Sitting Room, Media Room, and Staff quarters. In addition, there are several Butler's Pantries and a professional kitchenette and bar.

The prestigious white glove Sherry Netherland Hotel is a timeless classic located on Fifth Avenue boasting expansive vistas of the city skyline. A 38 story hotel towering 570 feet topped with an elaborate Gothic minaret.

Residential services include turn down service and daily maid service, in room dining from Harry Cipriani, 24 hour concierge and elevator operators. Valet parking and full hotel living makes this 5 star residence a once in a lifetime opportunity.

Also, this magnificent building offers a state of the art onsite full fitness center, valet parking, beauty salon and barber shop, and the renowned Harry Cipriani restaurant and Doubles private club. Pets and pied-a-terre are welcome.

The quintessential Sherry Netherland Hotel and Cooperative is an expression of privilege and considered one of The Grand Hotels of the Jazz Age. When The Sherry-Netherland opened in 1927 it has attracted society's elite and business and political leaders because of its five-star service and high-end accommodations. The building was designed and built by Schultze & Weaver

Building Information

Financial Details

Maintenance $34,439/mo
Original Price $22,500,000
Previous Price $15,000,000

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

340

Median Asking Price

$1.64M

Median $/Sqft

$1,498

Avg Days on Market

N/A

New This Week

24

Price Reduced

28%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 5/14/26, 6:44 PM EST

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Location

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781 5TH Avenue #1601/1604, Upper East Side, New York County • Near East 59th Street/East 60th Street

Building Information

Official NYC property records for this building

1927
Year Built
99 years old
38
Floors
169
Residential Units
R10H
Zoning District
Elevator Apartments Historic District: Upper East Side Historic District NYC Landmark

Tax & Assessment

Assessed Value: $49,626,900
Land Value: $18,720,000
Exemptions: $0

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

Lot Area: 12,500 SF
Building Area: 314,509 SF
Built FAR: 25.16
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 monthly maintenance are $34,439 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 5 bedrooms and 7 full bathrooms.

According to MLS records, the building was constructed in 1927, making it approximately 99 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

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: RLS10086716
First Listed: 10/8/2013
Price Changed: 3/26/2015
Closed: 3/26/2015
Contract Date: 5/19/2011

Listing Courtesy of Sothebys International Realty - Serena Boardman

Listing Contact: (212) 606-7611

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 5/14/2026 at 10:44 PM UTC

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