1050 5TH Avenue PHA

A Rare Legacy Fifth Avenue Penthouse Offering - First Time Available in Over 60 Years

Perched high above the Upper East Side's Gold Coast, Penthouse A at 1050 Fifth Avenue presents an exceptionally rare opportunity: a residence that has remained in the same family since the building was completed in 1959, and now, after more than six decades, is available for resale for the very first time.

This elegant, light-filled home offers a refined lifestyle defined by space, privacy, and panoramic views. Located on a semi-private floor with only one other residence, this expansive 8-room co-op boasts three to five bedrooms, three and a half bathrooms, and 3 private terraces, each offering distinct vantage points of Central Park, the Manhattan skyline, and the iconic Metropolitan Museum of Art.

The gracious layout opens with a welcoming foyer and an elongated gallery, setting the tone for a home that flows beautifully from one space to the next. The oversized corner living room is bathed in natural light from South and West facing windows and opens directly onto a private terrace overlooking Central Park-a perfect setting for morning coffee or evening sunsets. Adjacent to the living room, a large formal dining room and a separate windowed kitchen allow for seamless entertaining and day-to-day comfort. Off of the kitchen is the fourth bedroom that can easily be used for guests or as a home office.

A flexible bedroom wing allows for a variety of living arrangements. The current layout features three spacious bedrooms, including a versatile fifth room that functions beautifully as a library or home office with its own terrace. The primary suite is a serene retreat with a private terrace facing south toward the Met, a windowed en-suite bath, a large walk-in closet, and a hallway full of additional cabinetry for generous storage.

Additional highlights include in-unit laundry, through-wall air conditioning, and an abundance of closets throughout the home. While the apartment is move-in ready, its scale and proportions offer endless potential for customization, allowing a future owner to reimagine and tailor the space to their lifestyle.

1050 Fifth Avenue is a full-service luxury cooperative designed by Melvin D. Lipman and Bernard Spitzer. Built in 1959 and located on the corner of East 86th Street and Fifth Avenue across from the Neue Galerie and Central Park, the 20-story building offers a 24-hour doorman and live-in resident manager as well as additional full-time staff ensuring attentive service, while modern amenities include a fitness center, common storage, garage, bike room, and laundry facilities. The building is pet-friendly and allows up to 50% financing. Pied-a-terre's allowed on a case by case basis.

The location is among the most sought-after in Manhattan: across the street from Central Park, in the middle of Museum Mile, two blocks from the Metropolitan Museum of Art, and nearby access to all the shops, cafes, and cultural offerings of Madison Avenue and the Upper East Side.

Whether enjoyed as-is or transformed into a one-of-a-kind showplace, Penthouse A offers a rare blend of heritage, privacy, and potential-an exceptional offering in one of Fifth Avenue's most respected postwar cooperatives.

There is a capital assessment in place through 2025 of $1,649.20/month.