---
title: "1050 5th Avenue #PHA, New York City, NY 10028"
description: "1050 5th Avenue #PHA, New York City, NY 10028 — Carnegie Hill, New York City, NY. Listing Price $7,995,000. Price Reduced: Reduced $505,000 (5.9%) from $8,500,000 on September 28, 2026. 4 bed, 4 bath Illustrative Buyer Commission Share of $119,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-pha-PHA-ny-10028"
source: "Real Estate Rebate Team"
dateModified: "2026-09-28T21:13:25.192Z"
status: "Active"
---

# 1050 5th Avenue #PHA, New York City, NY 10028

Carnegie Hill, New York City, NY

Courtesy of Platinum Forbes Global Properties

Last updated: September 28, 2026, 5:13 PM

## At a Glance

- **Listing Price**: $7,995,000
- **Price Reduced**: Reduced $505,000 (5.9%) from $8,500,000 on September 28, 2026
- **Beds**: 4
- **Total Baths**: 4
- **Common Charges**: $9,206 / mo
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $7,995,000
- **Illustrative Buyer Commission Share**: -$119,925*
- **Illustrative Net Cost**: $7,875,075

*Illustrative Buyer Savings of $119,925 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![1050 5th Avenue #PHA, New York City, NY 10028 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/841854cc-ad36-4f46-b496-f1468703311f.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eb5aa558-f62a-4ddd-9dfc-ddb4008fa717.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/787944f3-242d-4aa4-bc27-d7c135841511.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6b39707e-5abe-46b9-844f-dbbb035c5569.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/15ce8fc8-c944-460d-a06d-afd28d1df8d5.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a32eff40-4f7a-40cd-a3d6-8056b3fd5b1f.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fe531aff-6548-4b72-9724-70ee891f592d.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8899fd56-21b9-4280-8bef-08d400faed8f.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eee5b54f-cccf-407f-abda-422f5fc09373.jpg)
![1050 5th Avenue #PHA, New York City, NY 10028 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/851696de-7053-4456-a976-81cdba133985.jpg)

## Property Overview

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. Please note some listing photos are virtually staged.

 There is a capital assessment in place through December 2026 of $1,653.33/month.

## Property Details

- **Property Type**: Co-op
- **Beds**: 4
- **Total Baths**: 4
- **Rooms**: 8
- **Stories**: 20
- **Year Built**: 1960
- **Common Charges**: $9,206 / Monthly
- **Listed On**: Jul 14, 2026
- **Days on Market**: 83 Days

### Residence Features

- Building Other
- Washer Hookup
- In Unit
- Building Roof Deck
- Private Outdoor Space Over 60 Sqft
- Separate/Formal Dining Room
- Walk-In Closet(s)
- Dishwasher
- City Lights
- City
- Downtown
- Park/Greenbelt
- Panoramic
- Skyline

## Estimated Monthly Payment

**$49,633 / month**, assuming a 20% down payment ($1,599,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $40,427
- **Common Charges**: $9,206

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

33 apartments at 1050 Fifth Avenue have recorded sales since October 2021, the most recent for $3,300,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [12C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-c-12C-ny-10028) (Apartment) | 2 | — | $3,300,000 | — | September 28, 2026 | MLS |
| 5D (Apartment) | 2 | 1,552 | $3,625,000 | $2,336/ft² | June 1, 2026 | City record · MLS |
| 3E (Apartment) | 2 | — | $3,500,000 | — | March 4, 2026 | City record · MLS |
| 17D (Apartment) | — | — | $5,700,000 | — | November 24, 2025 | City record |
| 19B/C (Apartment) | 4 | — | $13,000,000 | — | October 31, 2025 | City record · MLS |
| 4D (Apartment) | 2 | — | $2,900,000 | — | October 1, 2025 | City record · MLS |
| 10C (Apartment) | 2 | — | $2,300,000 | — | July 29, 2025 | City record · MLS |
| 4C (Apartment) | — | — | $1,775,000 | — | May 21, 2025 | City record |
| 12D (Apartment) | — | — | $1,700,000 | — | March 7, 2025 | City record |
| 15C (Apartment) | 2 | — | $2,000,000 | — | December 12, 2024 | City record · MLS |
| 13B (Apartment) | — | — | $3,225,000 | — | September 11, 2024 | City record |
| 15D (Apartment) | 2 | 1,600 | $2,840,000 | $1,775/ft² | August 7, 2024 | City record · MLS |
| 13A (Apartment) | — | — | $3,200,000 | — | June 7, 2024 | City record |
| 15F (Apartment) | — | — | $3,500,000 | — | May 28, 2024 | City record |
| 11C (Apartment) | — | — | $2,300,000 | — | May 15, 2024 | City record |
| 6F (Apartment) | 3 | — | $3,400,000 | — | November 13, 2023 | City record · MLS |
| 18BC (Apartment) | 4 | — | $10,500,000 | — | September 19, 2023 | City record · MLS |
| HALL (Apartment) | — | — | $150,000 | — | March 10, 2023 | City record |
| 2BC (Apartment) | — | — | $4,387,500 | — | January 18, 2023 | City record |
| 2C (Apartment) | 5 | — | $2,570,000 | — | December 12, 2022 | City record · MLS |
| HALL (Apartment) | — | — | $150,000 | — | July 18, 2022 | City record |
| 4B (Apartment) | 2 | — | $2,385,000 | — | July 15, 2022 | City record · MLS |
| 11C (Apartment) | — | — | $2,425,000 | — | February 28, 2022 | City record |
| 9C (Apartment) | 1 | 1,236 | $88,750 | $72/ft² | February 17, 2022 | MLS |
| 9C (Apartment) | 1 | 1,236 | $1,775,000 | $1,436/ft² | February 17, 2022 | City record |
| 3C1 (Apartment) | — | — | $1,435,000 | — | January 27, 2022 | City record |
| 11D (Apartment) | — | — | $4,000,000 | — | January 13, 2022 | City record |
| 17C (Apartment) | 2 | — | $5,600,000 | — | December 13, 2021 | City record · MLS |
| 5/6A (Apartment) | 2 | — | $1,695,000 | — | November 29, 2021 | MLS |
| 20C (Apartment) | 2 | 1,975 | $4,400,000 | $2,228/ft² | November 22, 2021 | City record · MLS |
| 5/6A (Apartment) | — | — | $1,557,500 | — | November 22, 2021 | City record |
| 14D (Apartment) | — | — | $2,495,000 | — | October 26, 2021 | City record |
| 10A (Apartment) | — | — | $2,400,000 | — | October 13, 2021 | City record |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $7,995,000
- **Median sold price**: $4,678,750
- **Difference**: +$3,316,250 (+70.9%)
- **Comparable sales**: 23
- **Sales from**: October 2024 – August 2026
- **Middle half of those sales**: $3,450,000 – $5,617,500

Based on co-op four-bedroom sales in Carnegie Hill.

Square footage is recorded for only 6 of these 23 sales (26%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Carnegie Hill instead.

### How these sales were negotiated

- **Sale-to-list price**: 96% (22 sales)
- **Sold below asking**: 73% (22 sales)
- **Typical time to find a buyer**: 44 days (22 sales)
- **Typical time to close**: 111 days (22 sales)

Based on co-op four-bedroom sales in Carnegie Hill with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median sale price, co-op four-bedroom sales in Carnegie Hill

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $5,332,500 | 12 |
| 2019 | $4,995,000 | 13 |
| 2021 | $4,637,500 | 14 |
| 2022 | $4,150,000 | 12 |
| 2024 | $3,400,000 | 10 |
| 2025 | $5,160,454 | 17 |

Based on recorded co-op four-bedroom sales in Carnegie Hill.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 1050 Fifth Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1050-fifth-avenue)

## Price and Property History for 1050 5TH Avenue, Unit PHA

Review the recorded listing activity for 1050 5TH Avenue, Unit PHA, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $505,000, or 5.9%, on September 28, 2026
- **Originally listed**: July 14, 2026 at $8,500,000
- **Current asking price**: $7,995,000

| Date | Price | Listing event |
| --- | --- | --- |
| September 28, 2026 | $7,995,000 | Asking price reduced by $505,000, or 5.9% |
| July 14, 2026 | $8,500,000 | Listed for sale by Platinum Forbes Global Properties |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 90 apartments. The corporation’s 2026 property tax bill was $3,182,095 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for 1050 Fifth Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1050-fifth-avenue)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 1050 Fifth Avenue

Carnegie Hill · Stock Cooperative

1050 Fifth Avenue, New York, NY 10028

A building in Carnegie Hill, currently featuring 3 active listings.

- **Year Built**: 1960
- **Active Units**: 3
- **Floors**: 20

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1050-fifth-avenue)

### Available Residences — For Sale (8)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [PHA](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-pha-PHA-ny-10028) | 4 | 4 | — | — | $7,995,000 (-5.9%) | Platinum Forbes Global Properties | Jul 14, 2026 | 82 days |
| [17A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-17a-ny-10028) | 4 | 5 | — | — | $4,200,000 | Douglas Elliman Real Estate | Sep 23, 2025 | 376 days |
| [7C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-7c-ny-10028) | 2 | 2 | 1,325 sqft | $1,694 | $2,245,000 | Brown Harris Stevens Residential Sales LLC | Sep 9, 2026 | 25 days |
| [11/12A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-1112a-ny-10028) | 2 | 3 | — | — | $1,695,000 (-5.6%) — In contract | Corcoran Group | Mar 17, 2026 | 201 days |
| [3B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-b-3B-ny-10028) | 2 | 2 | 1,700 sqft | $1,403 | $2,385,000 (-2.7%) — In contract | Sothebys International Realty | Oct 24, 2025 | 345 days |
| [PHB](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-phb-PHB-ny-10028) | 2 | 3 | — | — | $7,475,000 (-8.3%) — In contract | Sothebys International Realty | Feb 4, 2026 | 242 days |
| [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-e-2E-ny-10028) | 3 | 2 | — | — | $3,395,000 — In contract | Douglas Elliman Real Estate | Apr 2, 2026 | 185 days |
| [15C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-15c-ny-10028) | 2 | 2 | — | — | $2,300,000 — In contract | Brown Harris Stevens Residential Sales LLC | Sep 24, 2026 | 10 days |

### Recently Sold (1)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [12C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/1050-5th-avenue-c-12C-ny-10028) | 2 | 2 | — | — | $3,300,000 | Douglas Elliman Real Estate | Mar 6, 2026 | Sep 28, 2026 |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Carnegie Hill

Overview of Carnegie Hill

[Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Carnegie Hill

- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)
- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side)
- [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [1050 Fifth Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1050-fifth-avenue)
- [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.