Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $5,695,000

· Closed March 8, 2022

1016 5TH Avenue #7A
Closed For Sale Co-op

$5,695,000

$1,780 per sq ft

1016 5TH Avenue #7A

Upper East Side, Manhattan

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MLS® #RLS10759817

RLS at REBNY

Listing by Sloane Square LLC

3

Bedrooms

3

Baths

3,200

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 3,200 sq ft
Year Built 1926
Ownership Co-op
Maintenance $8,177/mo
Neighborhood Upper East Side
Floor 7 of 15

Property Highlights

  • Exposure: North,West facing
  • Character: Pre-war building (1926)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 9
Baths 3 Full
Floor 7 of 15
Exposure North,West
Pets Yes
Cross Street 5 AVENUE and MADISON AVENUE
Year Built 1926
Living Area 3,200 sq ft
Parcel # 1494-0069-01016-000-000007A

Listing History

Event Date Price Change
Listed Sep 17, 2021 $6,000,000 -
Price Reduced Mar 10, 2022 $5,850,000 -2.5%
Currently May 14, 2026 $5,695,000 -2.6%

Description

Do not miss this extraordinary 3200 SQFT 9 room Prewar Apartment in excellent condition on 5th Avenue with views of the Metropolitan Museum of Art and Central Park. Enter the 28' grand Gallery to an oversized Living Room (w/ WBF) and separate Dining Room, side by side (could be an extraordinary loft space as well) with 5 Oversized Windows facing onto Limestone Faade buildings on 83rd Street and angle views of Central Park. The Entrance Gallery continues to a large Wet Bar that leads to a Breakfast Room, a Laundry Room and a windowed Kitchen with Top-of-the-Line Appliances and an Island for informal meals. All these rooms are filled with fabulous Southern light. The 2 Staff Rooms and full Bathroom are in a separate wing off the Chef's Kitchen. Down a long Hallway are 3 substantial Bedrooms each with an en-suite Bathroom. 2 Bedrooms have Western Exposure and face the Metropolitan Museum and Central Park. The 3rd Bedroom or Library is wood paneled and has views of Central Park and the Limestone Faade buildings lining 83rd Street. This wonderful Apartment includes Through the Wall AC throughout, up to 9.5' ceilings, Oversized Windows and Herringbone Floors. 1016 Fifth Avenue is a prestigious 1926 apartment house designed to evoke an Italian Renaissance Palazzo. It has a stunning gray marble Lobby, an attentive and professional Resident Manager, 24-hour Doormen, daytime Handymen, a State-Of-The-Art Fitness Room and Private Storage. There is a 3% flip tax, 50% financing and pets are permitted.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Dryer Washer Dryer Allowed Washer

Building Information

Financial Details

Maintenance $8,177/mo
Original Price $6,000,000
Sale Price $5,695,000
Previous Price $5,850,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

341

Median Asking Price

$1.67M

Median $/Sqft

$1,498

Avg Days on Market

N/A

New This Week

20

Price Reduced

28%

Sold (30 Days)

41

Median Sale Price

$1.59M

Live data from RLS at REBNY • Updated 5/14/26, 2:34 AM EST

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Location

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1016 5TH Avenue #7A, Upper East Side, New York County • Near 5 AVENUE and MADISON AVENUE

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1927
Year Built
99 years old
15
Floors
55
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Metropolitan Museum Historic District

Tax & Assessment

Assessed Value: $19,514,250
Land Value: $3,645,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 13,999 SF
Building Area: 166,600 SF
Built FAR: 11.9
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $8,177 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 3,200 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1926, making it approximately 100 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $5,695,000 for 3,200 sq ft, the asking price per square foot is approximately $1,780. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10759817
First Listed: 9/17/2021
Price Changed: 3/10/2022
Closed: 3/8/2022
Contract Date: 9/15/2021

Listing Courtesy of Sloane Square LLC - Jaar Sloane

Listing Contact: (917) 734-3685

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/14/2026 at 6:34 AM UTC

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