781 5th Avenue #2001, New York City, NY 10022
Listing Courtesy of Nest Seekers LLC
$3,750,000
Potential Rebate: $56,250
Overview
Enjoy life at the top in this extraordinary Art Deco residence on the 20th floor of the famed Sherry-Netherland, meticulously redesigned by the renowned Charles Gwathmey and offering an unparalleled level of attention to detail. <br> Situated high above Fifth Avenue, this magnificent residence offers breathtaking views of Central Park and the iconic Manhattan skyline, and has been tastefully renovated with a contemporary flair, featuring a captivating terrace that faces directly onto Fifth Avenue and overlooks Central Park. <br> The corner living room is a grand space with open vistas to the north and west, highlighted by a unique dining solarium offering 270-degree views and an exceptional wrap-around terrace. The sunny and spacious primary bedroom suite features northern and eastern exposures, complete with a dressing area and impressive onyx bath. A second bedroom contains an en-suite bath and custom wood paneling, and offers exceptional flexibility for use as a home office or library. <br> The impeccably designed chef's kitchen, complemented by a built-in banquette for casual dining, is adorned with rare and exotic woods, showcasing Gwathmey's signature style throughout. The residence offers an abundance of closets, custom millwork, and built-ins, creating an ideal pied-a`-terre suitable for both formal entertaining and relaxed living. Intelligently integrated custom lighting, HVAC, and AV systems add to the allure of this architectural gem. <br> Sited at the prestigious corner of Fifth Avenue and 59th Street, The Sherry-Netherland is an architectural marvel, perfectly situated in one of New York City's finest locations. Embrace world-class service, as The Sherry-Netherland staff caters to your every need. From 24-hour concierge service and attended elevators to the daily housekeeping services and room service from the famed Harry Cipriani Restaurant, life at The Sherry is life well lived. Experience the pinnacle of attentive luxury.
Home Features
- •Central Air
- •Building Washer Dryer Install Allowed
- •Common Area
- •Entrance Foyer
- •Kitchen Window
- •City
Estimated Monthly Payment
$40,146 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$56,250
Monthly savings impact
$156/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Nest Seekers LLC
Data Source: TRESTLE #RLS10986792
Price Analysis
Compare average listing prices and value metrics for 781 5th Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
142.05% Higher
than the Upper East Side price average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Upper East Side.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
