Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,260,000

· Closed June 13, 2023

1016 5TH Avenue #8C
Closed For Sale Co-op

$2,260,000

$983 per sq ft

1016 5TH Avenue #8C

Upper East Side, Manhattan

1016 PROPERTIES, IN

MLS® #RLS10857280

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

3.5

Baths

2,300

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 2,300 sq ft
Year Built 1926
Ownership Co-op
Maintenance $6,355/mo
Neighborhood Upper East Side
Floor 8 of 15

Property Highlights

  • Exposure: East,North,West facing
  • Style: Prewar architecture
  • Character: Pre-war building (1926)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 7
Baths 3 Full, 1 Half
Floor 8 of 15
Exposure East,North,West
Pets Yes
Cross Street 5 AVENUE and MADISON AVENUE
Year Built 1926
Living Area 2,300 sq ft
Architectural Style Prewar
Parcel # 1494-0069-01016-000-000008C

Listing History

Event Date Price Change
Listed May 16, 2022 $2,700,000 -
Price Reduced Jun 14, 2023 $2,495,000 -7.6%
Currently May 2, 2026 $2,260,000 -9.4%

Description

Located directly across the street from the Metropolitan Museum, this beautiful 7 room residence features rooms of grand proportion, huge windows, abundant prewar details, and excellent light throughout.

A semi-private elevator landing leads to a gracious entry foyer. The oversized living room faces north onto peaceful 83rd street and features a wood burning fireplace and room for multiple seating areas. The square dining room is perfect for entertaining or intimate family living. The adjacent eat-in kitchen features 2 large west facing windows and there is a separate staff room and bath.

The exceptionally large primary bedroom suite is 25 feet long and features a large windowed bath, as well as 1 large closet. The second bedroom also features an ensuite bath and there is a powder room (originally a full bath, which may be restored), as well.

Built in 1926, 1016 Fifth Avenue is an elegant and stately prewar cooperative, designed by John B. Peterkin. This white glove building offers full time doormen, live in resident manager and new, state of the art fitness center. Pets and pieds-a-terres welcome. 50% financing permitted. There is an assessment of $15,838.20 payable in Q4 of 2023 for capital improvements.

This apartment may be combined with 8D for a spectacular 4400 SF home.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $6,355/mo
Original Price $2,700,000
Sale Price $2,260,000
Previous Price $2,495,000

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

338

Median Asking Price

$1.72M

Median $/Sqft

$1,536

Avg Days on Market

N/A

New This Week

29

Price Reduced

28%

Sold (30 Days)

37

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 5/1/26, 11:11 PM EST

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Location

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1016 5TH Avenue #8C, Upper East Side, New York County • Near 5 AVENUE and MADISON AVENUE

Floor Plans

Floor Plan 1
Floor Plan 2

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 $6,355 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 2,300 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 $2,260,000 for 2,300 sq ft, the asking price per square foot is approximately $983. 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: RLS10857280
First Listed: 5/16/2022
Price Changed: 6/14/2023
Closed: 6/13/2023
Contract Date: 5/16/2022

Listing Courtesy of Douglas Elliman Real Estate - Sabrina Saltiel

Listing Contact: (917) 696-6499

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 5/2/2026 at 3:11 AM UTC

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