Listing Courtesy of Sothebys International Realty
$2,450,000
Potential Rebate: $36,750
Gracing the sunlit corner of Fifth Avenue and 86th Street, directly across from Central Park and the iconic Jacqueline Onassis Reservoir, this exceptional residence at 1050 Fifth Avenue epitomizes classic Fifth Avenue living. Bathed in natural light from oversized windows on three exposures, this approximately 1,700-square-foot home offers a unique combination of a center hall layout with grandly scaled rooms, modern elegance, timeless architectural integrity, and serene views.
This five-room home has been meticulously designed by an accomplished architect to balance sophistication with a sense of ease. Oversized windows frame luminous exposures from morning to dusk, filling each room with warmth and airiness.
A formal entrance foyer opens into a gracious gallery that sets the tone for the home’s relaxed sophistication. The gallery unfolds into an impressive enfilade of entertaining rooms—nearly 60 feet in length—comprising an expansive living room and an elegant dining room. Sunlight floods the home throughout the day, while handsome, custom millwork and hardwood floors enhance the living and dining spaces. Beautifully appointed built-ins and a decorative fireplace anchor the living room with tailored sophistication and exceptional functionality, while generous wall space throughout provides an ideal setting for art collectors.
From the tree-lined vista of East 86th Street, the living room and primary suite enjoy enchanting views of the verdant canopy of Central Park and the stately architecture of the Neue Galerie beneath an open sky. The dining room, bathed in soft northern light, overlooks a peaceful interior courtyard and terrace. The windowed galley kitchen, outfitted with stainless steel appliances and an in-unit washer/dryer, provides ample space for culinary pursuits or catered affairs. For those desiring a more open concept, the kitchen may be seamlessly combined with the dining room, which also functions beautifully as a third bedroom or library.
The private quarters are equally well-appointed. The luxurious primary suite includes an ensuite bath, two walk-in closets, and an additional closet. The spacious second bedroom—currently used as a study and den—features elegant built-ins, a walk-in closet, and access to a well-appointed second bath. Throughout, the apartment offers exceptional storage, two large coat closets in the foyer, and thru-wall air conditioning in every room.
Built in 1959 by Lipman and Spitzer, 1050 Fifth Avenue remains one of the area’s most distinguished full-service cooperatives, offering a 24-hour doorman and concierge, attended elevators, a live-in resident manager, and an array of sought-after amenities: a fitness center, bike room, storage units (subject to availability), laundry room, on-site garage with a reduced monthly rate, and a panoramic roof terrace with sweeping views of Central Park and the Manhattan skyline.
1050 Fifth Avenue permits pets with board approval, 50% financing, guarantors, co-purchasing, and secondary residences on a case-by-case basis. Smoking, subletting, diplomat purchases, or purchases by parents for children are not allowed. There is a 1% flip tax.
Ideally situated just moments from the Metropolitan Museum of Art, the Guggenheim, Madison Avenue’s world-class boutiques, and the city’s finest dining and cultural institutions, this remarkable home offers an exceptional opportunity to experience Fifth Avenue elegance at its most inviting.
$16,809 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$36,750
Monthly savings impact
$102/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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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 Sothebys International Realty
Data Source: TRESTLE #RLS20056547

Compare average listing prices and value metrics for 1050 Fifth Avenue against the surrounding Carnegie Hill market.
than the Carnegie Hill price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Carnegie Hill is one of the most prestigious and charming sections of the Upper East Side, spanning from 86th to 96th Streets between Fifth Avenue and Third Avenue. Named after Andrew Carnegie's mansion, it is known for its village-like atmosphere and stunning architecture. For buyers seeking Carnegie Hill Manhattan real estate, it offers a quieter, more family-oriented version of uptown luxury.
Living in Carnegie Hill, Manhattan feels like stepping back in time. The neighborhood is preserved by strict historic district zoning, keeping the tree-lined streets sunny and low-rise. As a family-favorite Manhattan NYC neighborhood, it is defined by its proximity to Central Park, elite private schools, and Museum Mile.
The market for homes for sale in Carnegie Hill is famous for its large, pre-war cooperative apartments. Buildings along Fifth and Park Avenues are among the most exclusive in the city. However, the side streets offer beautiful brownstones and townhouses that are highly coveted.
Inventory here is often geared towards families, with "classic six" and "classic seven" layouts common. It is a stable, high-value market. Co-ops generally have strict board requirements, maintaining the neighborhood's private and settled character.
The lifestyle in Carnegie Hill is refined yet relaxed. It lacks the commercial bustle of the lower 80s or 70s. Instead, residents enjoy boutique shopping on Madison Avenue (like Bonpoint and Jacadi) and brunch at local favorites like Sarabeth's.
The community is tight-knit, often centered around the local schools and the park. It is perhaps the most "neighborhoody" part of the Upper East Side. You will see neighbors chatting on corners, nannies in the park, and a generally slower pace of life.
Carnegie Hill is served by the 4, 5, 6 trains at 86th and 96th Streets, providing distinct express connectivity to Wall Street and Grand Central. The Q train on Second Avenue has also opened up the eastern side of the neighborhood.
The M1, M2, M3, and M4 buses on Fifth and Madison Avenues offer scenic north-south travel along the park. While it feels removed from the chaos, the commute to Midtown is efficient.
Central Park is the neighborhood's backyard. Residents have easy access to the Reservoir, the tennis courts, and the Guggenheim Museum. The neighborhood is also home to the 92nd Street Y, a major cultural and community center.
Schools are a primary draw. The concentration of top-tier private schools (like Dalton, Spence, and Sacred Heart) is higher here than almost anywhere else. It is an area built for raising families in the city.
Carnegie Hill is best for affluent families, lovers of pre-war architecture, and cultural enthusiasts who want to live on Museum Mile. It is ideal for those who prioritize quiet streets, good schools, and proximity to the park.

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