Listing Courtesy of Sothebys International Realty
$16,500,000
Potential Rebate: $247,500
This stunning and expansive residence is defined by its spectacular Living Room, myriad architectural merits, a stellar floor plan, and delightful, high-floor sunlight and views. Throughout, original details, such as beautiful hardwood floors and period moldings abound and are complemented by modern conveniences added in a comprehensive and meticulous renovation, including new central air conditioning and windows throughout. Located directly across from the Metropolitan Museum of Art and Central Park, this apartment’s impressive scale and generous room proportions make it an ideal apartment for grand entertaining as well as an exceptionally comfortable lifestyle.
Occupying the seventh floor, this full-floor simplex boasts outlooks onto the Museum’s iconic limestone facade and the fountains and trees of David H. Koch Plaza, as well as spectacular panoramic vistas over Central Park’s dramatic seasonal foliage. With open views in four directions, sunlight is a constant in this most delightful home.
1020 Fifth Avenue is architecturally notable for its ingenious design of staggered Living Room floors, which has created showstopping Grands Salons with soaring high ceilings on some levels, such as in the current, very fortunate residence.
Featuring a nearly 14’ ceiling height, very dramatic scale, three sets of enormous windows, and a wood-burning fireplace, the spectacular Living Room is stepped down from the rest of the apartment.
Nearby, the very handsome corner Library boasts spectacular southern and western sunlight and a wood-burning fireplace, and the expansive, stately Dining Room, also with a wood-burning fireplace, complete the triumvirate of very welcoming entertainment rooms. A Powder Room and a coat closet are conveniently accessible.
Beyond, a cheerful and sunny chef’s eat-in Kitchen with state-of-the-art appliances and abundant storage is supported by a convenient Office and a Bedroom with an ensuite bath.
The tranquil private quarters, separated from the rest of the residence by a long, wide hallway, feature a very wonderful corner Primary Bedroom with a wood-burning fireplace, an ensuite bath, and a capacious walk-in closet. There are three additional Bedrooms, each with an ensuite bathroom and very ample closets.
1020 Fifth Avenue features an attractive and quiet canopied entrance on 83rd Street with beautiful sidewalk landscaping. Impeccable staffing includes a full-time doorman and porters, a concierge service, and a resident superintendent. Pets are welcome. Designed in 1925 by the renowned firm of Warren & Wetmore, the primary architects of Grand Central Terminal, this Beaux-Arts masterpiece remains one of the supreme residential buildings in Manhattan.
$97,597 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$247,500
Monthly savings impact
$688/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 #RLS20010738

Compare average listing prices and value metrics for 1020 Fifth Avenue against the surrounding Upper East Side market.
than the Upper East Side 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.
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.

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