Listing Courtesy of Coldwell Banker Warburg
$3,695,000
Potential Rebate: $55,425
<p> </p> <p>Price Reduction: Fifth Avenue 4 Bedroom Residence With Direct Central Park Views - Now $3,695,000!</p> <p>Now offering exceptional value, this beautifully designed four bedroom, three and a half bath home at 1148 Fifth Avenue, a full-service prewar cooperative on Fifth Avenue's Gold Coast, showcases refined craftsmanship, soaring 10 foot ceilings, and sweeping Central Park views. Thoughtfully gut renovated by an architect for his own family, the home blends timeless prewar elegance with with modern comfort , a rare opportunity for discerning buyers seeking space, quality, and location. Over-sized sound proof windows fill the home with natural light, creating an airy, open atmosphere that showcases the apartment's impressive scale and provides generous wall space for art lovers. Every detail reflects expert design, from custom millwork and integrated lighting to beautifully restored prewar proportions.</p> <p> Grand Living and Entertainment Spaces</p> <p> Situated on an elevated parlor-level floor, several steps above the building's lobby and well above the street view, the residence offers both privacy and an intimate connection to Central Park's greenery. Step inside the home to a gracious stone-floored entry foyer that opens to a custom library/media lounge, setting the stage for stylish living. Beyond, the dining room with a built-in bar seamlessly flows into an expansive bright living room with 10 foot ceilings, a marble fireplace, and large windows framing Central Park. The library, dining room, and living room feature bleached white oak floors imported from Austria. A chef's kitchen, accessible from both the dining and living rooms, features two integrated side by side Sub-Zero refrigerators. top -tier Wolf and Miele appliances, a vent-a-hood exhaust to the outside, pantry closets, Larchwood cabinetry, and a striking marble island that anchors the space. Its thoughtful design allows a seamless flow for both entertaining and everyday living, connecting the heart of the home to the surrounding living areas.</p> <p> Bedrooms and Baths</p> <p> Three bedrooms face Central Park, filling the rooms with abundant western light. The primary bedroom features custom closets and a luxurious ensuite windowed bathroom with stone flooring, a spa-like walk-in shower with a rain showerhead, and a Toto Carlyle toilet. Two additional bedrooms share a modern Jack and Jill windowed bathroom, complete with double sinks and a tub/shower. combination. A separate fourth bedroom, located off the kitchen corridor lined with multiple closets and a full-sized vented washer/dryer, currently functions as a den but offers the flexibility as a guest suite, child's bedroom or housekeeper's quarters. This bedroom features a windowed bathroom with a glass-enclosed shower, dual sinks and a linen closet.</p> <p> Dedicated Home Office</p> <p> Adjacent to the kitchen is a well-appointed private windowed home office, ideal for modern living and remote work.</p> <p> Additional Features</p> <p> Soaring 10 foot ceilings and central air conditioning enhance the apartment's light and sense of space. All closets are customized with lighting and solid core doors. Custom millwork enriches the home's character, and an integrated sound system fills the room with music, perfect for both entertaining and everyday living. A conveniently located powder room near the home's library adds guest friendly functionality along with extra storage.</p> <p> The Building</p> <p>1148 Fifth Avenue is a renowned J.E.R. Carpenter prewar co-op. Building amenities include full-time door staff, a resident manager and porter, a fully equipped fitness center, and a bike room. A private storage unit transfers with the apartment. The building is pet friendly. There is a 2 percent flip tax and 50 percent financing is allowed. Easy access to Museum Mile, many public and private schools, convenient transportation, and world class shopping and dining.</p> <p>Weekend showings are not permitted.</p>
$25,486 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$55,425
Monthly savings impact
$154/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).
2.5%
Experience
Member
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 Coldwell Banker Warburg
Data Source: TRESTLE #RLS11033518

Compare average listing prices and value metrics for 1148 5TH Avenue against the surrounding Carnegie Hill market.
than the Carnegie Hill price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Carnegie Hill.
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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