1056 Fifth Avenue
1056 Fifth Avenue, New York, NY 10028
Carnegie Hill, Upper East Side
BBL 1014980069 · BIN 1046861
- Year built
- 1951
- Type
- Cooperative
- Units
- 87
- Landmark status
- Not an individual landmark; in the Expanded Carnegie Hill Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Not permitted
- Pied-à-terre
- Not permitted
- Dogs and cats
- Requires confirmation
- Our building profile and the source for this line differ. Confirm with building management.
- Washer/dryer
- Permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2025
- $1.4M
- 3 qualifying sales
- Recent range
- $1.4M – $7.5M
- Listing discount
- 5.1%
- Recorded transfers
- 47
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1056 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.
1056 Fifth Avenue is an early-postwar cooperative on Museum Mile, between 86th and 87th Streets, directly across from Central Park's reservoir in the heart of Carnegie Hill. The location is among the best on the avenue: a Central Park frontage on the quietest, most coveted stretch of upper Fifth, with the open reservoir and its running path immediately across the street, the Guggenheim and the Met within a short walk, and park exposure to the west.
The building was developed by Simon Brothers in 1951 to the design of George F. Pelham Jr. (also identified as George F. Pelham II), placing it among the first generation of postwar apartment houses to rise on Fifth Avenue after the pre-war era. That timing is the source of its character. Where the avenue's grand pre-war cooperatives are limestone-clad and heavily ornamented, 1056 is an early-postwar building — a beige-brick body over a limestone-trimmed base, a handsome canopied entrance softened by lush sidewalk landscaping, and the closed-in balconies that mark the late-1940s and early-1950s transition toward a lighter residential idiom. With considerable open space at its rear, the building also carries a landscaped courtyard that brings light and quiet to the eastern lines.
For buyers, 1056 Fifth represents a specific and appealing tier: a true Central Park-facing Fifth Avenue cooperative, on prime Museum Mile, with open reservoir views and the trophy location of the avenue's most expensive buildings — at the somewhat more accessible pricing that early-postwar Fifth Avenue cooperatives typically command relative to the limestone pre-war landmarks. The board is a serious, primary-residence house: it does not permit pets, subletting, pieds-à-terre, or trust ownership, and caps financing at 50%. The 87-apartment scale produces a well-staffed, full-service building with measured turnover.
Architecture and unit composition
1056 Fifth's 87 apartments reflect early-postwar planning on a premier site. Layouts run from one- and two-bedrooms through larger three-bedroom and corner configurations, with the most coveted homes the Park-facing lines on the western flank — capturing direct Central Park and reservoir views across Fifth Avenue. Many lines include recessed balconies or enclosed former balcony areas, a signature of the building's vintage; confirm the configuration, permitted use and approved area of the specific apartment before describing any portion as outdoor space. Washer/dryers are permitted in-unit.
Postwar signatures recur: efficient circulation, generous casement-window light, and functional room layouts, with a degree of formality (entry foyers, separate dining in the larger lines) appropriate to a Fifth Avenue building. The 19-story height places upper Park-facing apartments among the most desirable in the building, with sweeping open outlooks over the reservoir and the park beyond.
Building operations
1056 Fifth Avenue operates as a full-service cooperative with a full-time doorman, an elevator attendant, a live-in resident superintendent, an attended garage, basement storage, and a central laundry, with washer/dryers also permitted in-unit. The 87-apartment scale supports the operating depth expected of a Fifth Avenue cooperative.
The board runs a traditional, owner-occupant house. Pets are not permitted, subletting is not permitted, and pied-à-terre and trust ownership are not allowed; financing is capped at 50% of the purchase price. The posture is consistent with the conservative end of Fifth Avenue / Carnegie Hill co-op practice: documented financial strength and a primary-residence commitment are central to board approval.
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.
Purchase
11 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | 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 Non-refundable |
| 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 |
| Flip Tax | Paid by Seller | When At closing | Amount Refer to Proprietary Lease for Calculations | 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 |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $2,000 | Refundable Not stated |
| Electric Charge Deposit | Paid by Seller | When With the application | Amount $250 | Refundable Not stated |
| Move Out Deposit | Paid by Seller | When At closing | Amount $2,000 | Refundable Refundable |
Refinance
3 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 |
| Background Report FeePer applicant | Paid by Shareholder | When With the application | Amount $125 per applicant | 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.
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
- Not permittedSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Not 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
- Dogs and cats
- Requires confirmationOur building profile and the source for this line differ. Confirm with building management.
- In-unit washer/dryer
- PermittedSource: The Roebling Team's building profile
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
- $906 per room a monthMedian of 7 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
- Garden, garage, storage, laundry roomSource: 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
- $14,765/yr
- Per unit / month range
- $0 – $17
- Modeled exposure split equally across 74 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
- At the 87 residences in our building profile: $0 – $14. The two counts differ; confirm the count with the building.
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).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- Refer to Proprietary Lease for calculations
- Sublet policy
- Not Allowed
- Pied-à-terre
- Not Allowed
- Policies and fees
- Application Processing Fee $600; Closing Fee $800 ($850 without Broker) plus $0.05/share; Move In Deposit $2,000; Move Out Deposit (refundable) $2,000
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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 15DE | 5 BR · 4 BA | $5,750,000 | -1.7% | |
| Aug 14, 2025 | 2E | 2 BR · 2 BA | $1,450,000 | -3.0% | |
| Jul 8, 2025 | 8ABC | 4 BR · 4.5 BA · 4,400 sf | $7,500,000 | $1,705/sf | -11.2% |
| Apr 29, 2025 | 4C | 3 BR · 3 BA | $2,850,000 | -4.8% | |
| May 14, 2024 | 7A | 2 BR · 2 BA | $2,600,000 | -10.2% | |
| Oct 11, 2023 | 4D | 2 BR · 2 BA | $1,400,000 | -5.1% | |
| Mar 24, 2022 | 6E | 2 BR · 2 BA · 1,225 sf | $1,210,000 | $988/sf | -10.4% |
| Dec 18, 2019 | 1A | 1 BA · 678 sf | $500,000 | $737/sf | -33.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,705/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 5.0% 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.
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 1-01498-0069). 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 1056 Fifth Avenue and nearby.
At the recent median sale of $4.3M (4 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $79,050 to close, or 1.8% of the price.
- Mansion tax: $64,500
- 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 on the rest.
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What to know if you’re buying
Park exposure is everything. The western Park-facing lines, with direct Central Park and reservoir views, are the building's prize and command its top pricing.
The Museum Mile location is trophy-grade. Across from the reservoir, steps from the Met and Guggenheim, in the heart of Carnegie Hill.
The balconies and in-unit laundry are real assets. Some apartments include balconies or enclosed former balcony areas; confirm which the specific apartment has before counting it as outdoor space. Washer/dryers are permitted.
This is a primary-residence house. No pets, no subletting, no pieds-à-terre, no trusts, and a 50% financing cap — calibrate before falling for the address.
Pricing is more accessible than the grand pre-war tier. Early-postwar Fifth Avenue cooperatives typically trade below the limestone pre-war landmarks while delivering the same park frontage.
What to know if you’re selling
Lead with park views, the garage, and the Museum Mile address. Direct reservoir exposure, the attended garage, and the prime Fifth/86th–87th frontage are the headline assets.
Pricing requires exposure-level comparison. Park-facing versus courtyard lines is the single largest value determinant; floor and balcony presence follow.
Buyer pool is well-qualified and park-driven, but rule-constrained. Fifth Avenue draws buyers specifically seeking park frontage; the strict no-pet, no-sublet, owner-occupant rules narrow the field to committed primary-residence purchasers, which the right marketing reaches directly.
Closing timelines are co-op standard. Typically 6–10 weeks from contract to closing.
Comparable buildings
If you're considering 1056 Fifth Avenue, also evaluate:
- 1050 Fifth Avenue — postwar Fifth Avenue cooperative, immediate neighbor
- 1060 Fifth Avenue — Fifth Avenue cooperative nearby
- 1040 Fifth Avenue — Rosario Candela Fifth Avenue landmark nearby
- 1045 Fifth Avenue — Horace Ginsbern's 1967 Fifth Avenue cooperative
- 1035 Fifth Avenue — pre-war Fifth Avenue cooperative
- 1025 Fifth Avenue — Fifth Avenue cooperative nearby
More Fifth Avenue buildings
- 1045 Fifth Avenue — 1967 co-op by Horace Ginsbern & Associates
- 1049 Fifth Avenue — 1928 condominium by Costas Kondylis & Partners
- 1050 Fifth Avenue — 1960 co-op by Wechsler & Schimenti
- 1060 Fifth Avenue — 1928 co-op by J.E.R. Carpenter
- 1067 Fifth Avenue — 1917 co-op
- 1080 Fifth Avenue — 1960 co-op by Wechsler & Schimenti
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 1056 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