1016 Fifth Avenue
1016 Fifth Avenue, New York, NY 10028
BBL 1014940069 · BIN 1046770
- Year built
- 1926
- Type
- Cooperative
- Units
- About 55
- Landmark status
- Not an individual landmark; in the Metropolitan Museum Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Requires confirmation
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Maximum financing
- 50% of the purchase price
- Flip tax
- 3% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2024–2025
- $2.6M
- 2 qualifying sales
- Recent range
- $815K – $28.3M
- Listing discount
- 12.7%
- Recorded transfers
- 52
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A Private Pricing Opinion — what your apartment at 1016 Fifth Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
1016 Fifth Avenue holds one of the most coveted positions on the entire avenue: the Fifth Avenue and East 83rd Street corner, directly across from the Metropolitan Museum of Art. The Museum frontage is the amenity: the institution and its plaza across the avenue, and a westward outlook over Central Park that varies by floor and exposure. No view is protected without a recorded instrument. Among Fifth Avenue's pre-war cooperatives, the Museum-facing blocks command a particular premium, and 1016 sits squarely in that tier.
Completed in 1926 for developers Albert and Irving Sokolski, the building is a product of the decade that defined Fifth Avenue's luxury residential identity. It carries the authorship of John B. Peterkin — the architect later known for the Art Deco Airlines Terminal Building — whose design here is the restrained Fifth Avenue idiom of the period: pale beige brick rising from a rusticated limestone base, decorative balconies at the fifth floor, large pilasters between the lower stories, and an articulated cornice, where dignity and proportion mattered more than ornament.
At roughly 55 apartments across 15 stories, 1016 Fifth is a mid-scale pre-war cooperative; review the current budget, audited statements, debt and any assessments. The combination of a Museum-block address, pre-war architecture, white-glove service, and a manageable shareholder base makes it one of the more sought-after buildings on the upper reaches of the avenue.
Architecture and unit composition
The building's pre-war Fifth Avenue pedigree shows in its apartments: generous proportions, formal entry galleries, defined living-and-dining sequences, and the separated service planning characteristic of 1920s luxury design. Ceiling heights in primary rooms sit in the pre-war range, and Fifth Avenue-facing apartments on the western flank enjoy the Museum-and-Park outlook that defines the building's value.
With approximately 55 apartments across 15 floors, the building averages a handful of residences per landing. The unit mix runs toward the larger family configurations typical of Fifth Avenue pre-war inventory, with the upper floors carrying the strongest Park exposures.
Building operations
1016 Fifth Avenue operates as a white-glove full-service cooperative. A 24-hour doorman and elevator operators staff the marble lobby, with a resident manager on site overseeing the building, plus a fitness center and private storage for shareholders. Both pets and pied-à-terre ownership are permitted, and subletting is not. The board reviews purchases through a formal application and interview; financing is capped at 50% of the purchase price, and liquidity requirements should be confirmed from the application instructions.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- 3% of the Purchase Price
- Rate
- 3% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of August 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $600 or $1,000 (Trust Purchase - if permitted by Corporation) | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $300 (if financing) | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
Refinance
2 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Contact Transfer Agent for fee schedule | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of August 2026
- Guarantors
- PermittedSource: building management's published schedule, as of August 2026
- Co-purchasing
- Not permittedSource: building management's published schedule, as of August 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of August 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of August 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Requires confirmationSources differ. Confirm with building management.
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedAt the discretion of the BoardSource: building management's published schedule, as of August 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $1,090 per room a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.51 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $30,776/yr
- Per unit / month range
- $0 – $47
- Modeled exposure split equally across 55 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 3% of purchase price (Seller)
- Sublet policy
- Requires confirmation
- Pied-à-terre
- Allowed
- Policies and fees
- Closing Fee $800 ($850 w/o broker) + $0.05/share; Reported maintenance tax allocation 42%. The July 2026 management extract does not identify the tax year for this percentage; obtain the co-op's annual allocation statement. Actual deductions depend on eligible taxes and interest, itemization and the taxpayer's applicable limits
Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 9, 2026 | 8C | 3 BR · 3.5 BA · 2,300 sf | $3,495,000 | $1,520/sf | +0.0% |
| Nov 24, 2025 | 1E | 1 BR · 1.5 BA · 750 sf | $815,000 | $1,087/sf | -18.1% |
| May 1, 2025 | PHE | 3 BR · 3 BA | $10,750,000 | -14.0% | |
| Apr 4, 2025 | 5C | 2 BR · 3 BA | $3,210,000 | -8.3% | |
| May 15, 2024 | 11D | 2 BR · 2 BA | $2,000,000 | -19.8% | |
| Dec 7, 2023 | 5B | 3 BR · 3 BA | $4,200,000 | -11.6% | |
| Oct 17, 2023 | 2A | 6 BR · 8 BA · 8,000 sf | $28,250,000 | $3,531/sf | -4.2% |
| Aug 15, 2023 | 8D | 3 BR · 3 BA | $2,125,000 | -15.0% |
Market read. Most recent trades (2026 to date) cleared a median $1,487/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 6.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Oct 2, 2003 | 6B | $2,500,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01494-0069). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 1016 Fifth Avenue and nearby.
At the recent median sale of $3.35M (4 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $64,838 to close, or 1.9% of the price.
- Mansion tax: $50,288
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit.
Keep up with 1016 Fifth Avenue and its market
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What to know if you’re buying
The Museum-facing position is the asset. The Metropolitan Museum across the avenue gives the Fifth-facing apartments an open outlook and Park views; views depend on floor, and no view is protected without a recorded instrument.
The pre-war vintage is structural. Layouts, ceiling heights, and systems reflect 1920s luxury design; renovation scope and quality are central to underwriting any purchase.
The rules are unusually flexible. Pets and pied-à-terre ownership are both permitted — meaningful latitude at a tier-one Fifth Avenue co-op, where neither is a given.
Board approval criteria are set by the building. Maximum financing is 50% of the purchase price and pied-à-terre use is permitted; confirm the current liquidity, occupancy and subletting requirements from the governing documents and application instructions.
What to know if you’re selling
Lead with the Museum-block Fifth Avenue position. The corner facing the Met, the Park outlook, the white-glove service, and the pre-war architecture are the headline marketing assets.
Flag the policy flexibility. Pet-friendly and pied-à-terre-permitting rules widen the buyer pool relative to stricter Fifth Avenue boards.
Pricing requires apartment-level comparable analysis. With ~55 large units, floor, exposure, layout, and renovation history drive value far more than any building average.
Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract to closing, subject to board package and approval pacing.
Comparable buildings
If you're considering 1016 Fifth Avenue, also evaluate:
- 1025 Fifth Avenue — Fifth Avenue co-op peer nearby
- 1035 Fifth Avenue — pre-war Fifth Avenue co-op nearby
- 1040 Fifth Avenue — Rosario Candela Fifth Avenue landmark nearby
- 1050 Fifth Avenue — Fifth Avenue co-op peer
- 998 Fifth Avenue — McKim, Mead & White Fifth Avenue landmark to the south
More Fifth Avenue buildings
- 1001 Fifth Avenue — 1979 co-op by Philip Johnson and John Burgee
- 1009 Fifth Avenue (Benjamin N. Duke House) — 1899 by Welch, Smith & Provot
- 1010 Fifth Avenue — 1925 co-op by Fred F. French Company
- 1020 Fifth Avenue — 1925 co-op by Warren & Wetmore
- 1025 Fifth Avenue — 1955 co-op
- 1030 Fifth Avenue — 1925 co-op by J.E.R. Carpenter
The neighborhood
For the full corridor — architecture, transit, and pricing across Fifth Avenue — read The Roebling Team Guide to Fifth Avenue.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 1016 Fifth Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com