Prime Fifth For Art Lovers, 1025 Fifth Avenue, Apt 10-FS
No area of the city is immune from the Price Chop tomahawk. And this week we find ourselves on Fifth Avenue across from the Metropolitan Museum of Art. If you ever fantasized about living along Museum Mile, this might just be the opportunity.
This very spacious one bedroom at 1025 Fifth Avenue may need some upgrading but the new price, $1,195,000 is pretty tough to beat for a full service Fifth Avenue co-op.
The most recent price drop has seen the asking on this apartment drop from $1.35 million to the current price, an 11% reduction. Even more enticing is that the original ask was $1.5 million in June 2018.
1025 Fifth Avenue is a bit of an anomaly. The building has a Fifth Avenue address and street entrance but the building itself doesn’t actually sit on Fifth. With a bit of trickery and architectural creativity, this postwar property was designed with an extended formal entry and two wings (actually two buildings) one that fronts 83rd Street, the other 84th Street. The entry, which starts with a glass canopy that extends curbside, welcomes the visitor through a landscaped plaza, an overhead marble arch and a protruding marquis. Upon passing the concierge desk, keep on walking. It is nearly 100 feet, past an interior garden courtyard, to the elevator banks for the north and south wings.
Apartment 10-FS offers generous proportions, abundant light and plenty of extras that make this residence a wonderful home. Step into a formal entry foyer before you enter the main living area, an extended living room that measures just under 30 feet in length. A corner alcove dining space and a walk-though windowed kitchen add to the livability of the residence. The bedroom is very large, extending almost 19 feet. The renovated bathroom is en suite and even offers a bidet.
The kitchen has been nicely renovated and offers two means of egress, a great feature for anyone that likes to entertain. French doors close off the kitchen on both ends.
Additional features include an in-unit washer/dryer, a powder room off the foyer and a walk-in-closet.
Building amenities include attended elevators, an on-site garage (reduced rate for shareholders), bike room and a gym. The co-op allows for 75% financing, another plus given the location. Pied-a-terres are also allowed so if you spend the bulk of your year in a warmer climate, no worries here. The monthly maintenance at $2,793 includes all utilities and cable.
And if you feel like comparing, the last unit to sell in this line, 8-FS, sold in May 2017 for $1.25 million.