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A rare and remarkable offering on one of Manhattan's most coveted addresses, this triple-mint residence of over 8, 000 square feet occupies the second floor of 1016 Fifth Avenue, wrapping the north corner of the building with a privileged outlook over the Metropolitan Museum of Art's plaza and fountain. Trees line the block, filling the apartment with great light and greenery, and almost every room faces out to the street. Originally three separate units, 2ABC was masterfully combined and gut-renovated over the course of two years under the direction of an esteemed architect, resulting in a home that feels entirely purpose-built. The current owners have since made thoughtful upgrades of their own, new appliances throughout the kitchen, an enhanced lighting system, and a custom built-in recessed door, invisible when closed, that discreetly separates the private quarters from the entertaining spaces. One would never suspect this home had any prior life as three separate apartments. The interiors reflect a commitment to craft and detail at every turn. Ceilings just under ten feet are adorned with decorative moldings throughout. Chevron-patterned oak plank floors run through the front entertaining rooms, giving way to limestone in the remaining spaces. The library is fitted with exquisite custom millwork finished in Italian lacquer — a standout space in a home full of them — and is complemented by an adjacent private office. UV-protectant windows in the living room, dining room, and library safeguard works of art from sun damage A private elevator landing sets the tone from the moment of arrival. Beyond, a grand gallery forms the elegant spine of the residence, drawing guests naturally toward the entertaining rooms. The living room faces the museum plaza directly, while the formal dining room is complemented by a temperature- and humidity-controlled wine room with capacity for over 1, 000 bottles — a serious collector's amenity in a setting worthy of it. Whole-home humidification extends through the principal entertaining spaces as well, creating an environment as protective of fine art and furnishings as it is comfortable for living. Two powder rooms serve the entertaining floor with ease. The eat-in kitchen opens to a breakfast room that makes daily living as comfortable as entertaining is grand. It has long-plank flooring and top of the line appliances, including new ovens and a warming tray. The private wing comprises five bedroom suites, each with its own en-suite bath, one of which is currently configured as a gym, along with a generous playroom and den, ideal for media, recreation, or a second sitting room. The primary suite is anchored by a generous dressing room and benefits from the same whole-home humidification system found throughout the entertaining spaces. The systems throughout are as considered as the finishes. Central air conditioning is delivered via discreet in-room air handlers that minimize ductwork, with each room independently temperature-controlled. A SmartMasterNet device allows the entire HVAC system to be managed remotely by phone or tablet. Security is equally uncompromising: the apartment is equipped with over 120 alarm sensors throughout, a level of protection that is both comprehensive and virtually unmatched in a residential setting. Staff quarters with bath, a separate laundry room, and abundant storage throughout complete this extraordinarily well-considered home. Located at 1016 Fifth Avenue, a premier white-glove cooperative with a canopied entrance on East 83rd Street, the building offers a magnificent marble lobby, full-time doorman and porters, and a resident manager. Additional amenities include a state-of-the-art fitness center and private storage units. Pied-à-terres and 50% financing are permitted, and pets are welcome.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$34,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $27,200,000 | $27,200,000 | $27,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $152,312 | $165,270 | $227,696 |
| Total Monthly Payment | $152,437 | $165,395 | $227,821 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.