1200 Fifth Avenue
1200 Fifth Avenue, New York, NY 10029
Upper Carnegie Hill, Upper East Side
BBL 1016077501 · BIN 1051486
- Year built
- 1928
- Type
- Condominium
- Units
- 47
- Floors
- 17
- Landmark
- No
- Pets
- Board consent required in writing, and revocable. The house rules on file prohibit keeping any bird, reptile or animal in the building unless expressly permitted in writing by the Condominium Board or the managing agent, with that consent revocable at any time in their sole discretion, and require animals to be carried or leashed in public areas and to use the designated elevator
Every recorded sale at this building, 2007–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,313
- Listing discount
- 4.2%
- Recorded sales
- 55
- On record
- 2007–2025
Emery Roth designed this building in 1928 for a developer named Joseph Ravitch, at the corner of Fifth Avenue and 101st Street, on the last stretch of the park wall before Fifth Avenue stops being a co-op corridor. It is a full-dress prewar apartment house — rusticated limestone base, ornamented entrance, a lobby with stained glass and a fireplace — and for most of the twentieth century almost no one who wanted to buy on Fifth Avenue could have bought here, because it was not for sale.
The Mount Sinai Hospital took title in 1974 and ran the building as institutional housing, four blocks north of its campus. That is the fact that explains the building's late arrival to the market. On July 13, 2004, Mount Sinai sold it for $61,052,000 to 1200 Fifth Associates LLC. The buyer filed an alteration application the following June that reduced 59 rental apartments to 48 residences, and recorded the condominium declaration on February 28, 2007. The building has traded as a condominium ever since, with sponsor closings running through the late 2000s and resales through the present.
The result is unusual inventory: prewar Emery Roth layouts on Central Park, but under a condominium's rules rather than a cooperative board's. On this stretch of Fifth Avenue that combination is close to unique. A buyer who wants park frontage, a 1920s floor plan and the ability to buy through a trust or an entity, finance above co-op limits, and sublet without a board interview has a very short list of addresses, and this is on it.
The second structural fact is the tax posture, and it has just changed. The conversion carried a J-51 exemption that ran on the residential unit lots for fourteen years and fell to zero in the FY2026 roll. Buyers who priced this building against its abated carrying cost — including anyone working from a listing sheet or an automated valuation built on pre-2026 data — are working from a number that no longer exists. That is covered in full below, because it is the single most consequential thing to get right here.
Architecture and unit composition
The building is a corner site on the park, which does the work that matters. The Fifth Avenue and 101st Street elevations both carry windows; the interior lot lines do not, so exposure quality varies sharply by line and is worth resolving in person rather than from a floor plan.
Roth's exterior is a two-story rusticated limestone base rising into brick, with an ornate entrance surround, a curved glass marquee and applied lanterns. Architectural records characterize the design as Baroque classicism rather than the stripped Art Deco idiom Roth was working in elsewhere at the same moment. The lobby retains stained glass and a fireplace.
The residences are the 2005–2007 conversion's product rather than Roth's original 1928 plan. The alteration reduced 59 apartments to 48 by combination, and the Department of Finance carries 47 residential unit lots today after further combinations recorded in 2014 — one of which joined an apartment on the ninth floor to one on the tenth, and another an apartment on the sixth to one on the seventh, producing duplexes that did not exist in the original building. Prewar bones survive the exercise: high ceilings, defined foyers, real dining rooms. Some residences carry terraces or balconies, which the house rules regulate in detail. Storage rooms and bins are common elements.
Building operations
The condominium runs with a board and a managing agent under a conventional prewar service model. The house rules on file establish a service entrance and a designated service elevator for deliveries, trades, trunks and baggage, a designated elevator for pets, board or managing-agent retention of a pass-key to each residence and storage bin, and an annual right of entry for pest inspection on one day's notice.
Three rules are worth reading before you buy rather than after. The 80 percent floor-covering requirement is enforceable and constrains a hardwood-throughout renovation. Renovation hours are weekdays 9:00 a.m. to 5:00 p.m., which lengthens any gut project. And no ventilator or air conditioning device may be installed without prior written board approval, which the rules place entirely in the board's discretion — material in a 1928 building where cooling is not always original to the unit.
The building's operating budget, reserve position, underlying capital plan and current Local Law 11 façade status are not established in the public record and should be obtained from the managing agent through counsel. For a 47-unit prewar building with a Fifth Avenue elevation, façade cycle exposure is the item to ask about first.
1200 versus 1212 Fifth Avenue — they are not the same building
These two addresses sit on the same tax block, share a Fifth Avenue blockfront, were both owned and operated by Mount Sinai, and were both converted to condominium by outside sponsors within four years of each other. Buyers conflate them constantly. The public record separates them cleanly:
| 1200 Fifth Avenue | 1212 Fifth Avenue | |
|---|---|---|
| Tax lot | Block 1607, lot 7501 (base lot 1) | Block 1607, lot 7502 (base lot 69) |
| Condominium number | 1669 | 2278 |
| Declaration recorded | February 28, 2007 | 2011 |
| Year built | 1928 | 1925 |
| Architect | Emery Roth | George and Edward Blum |
| Corner | Fifth Avenue and East 101st Street | Fifth Avenue and East 102nd Street |
| Sponsor | 1200 Fifth Associates LLC (2004 purchase) | Durst residential affiliate (2009 purchase) |
Two declarations, two condominium numbers, two boards, two budgets, two sets of house rules and two tax-lot series. Nothing about one building's finances, policies, common charges or capital work applies to the other. Our profile of the neighbor is at 1212 Fifth Avenue.
The J-51 exemption, and the year it ended
The Department of Finance exemption records tell this story precisely, and it is worth reading closely.
A J-51 exemption — Department of Finance exemption code 1920, the alteration exemption — attached to the residential unit lots at 1200 Fifth Avenue with a benefit start of 2011, with a second tranche of certified alteration cost added at 2012. The recorded terms are a fourteen-year exemption at a 90 percent abatement rate. The exemption appears on 46 of the 47 residential unit lots across the intervening rolls.
Exempt amounts appear on those lots through the FY2025 assessment roll and fall to zero in FY2026. No exemption of any kind appears on the condominium's billing lot or on any residential unit lot in either the FY2026 or FY2027 rolls. The benefit is gone, and it does not return.
What this means in practice: the step-up has already happened, not in front of you. Anyone underwriting this building should pull the current tax bill for the specific unit rather than a projected schedule, and should treat any carrying-cost figure derived from a pre-2026 data source as stale. Run the True Monthly Carrying Cost Calculator against the current bill before making an offer. The upside is that there is no remaining phase-out to model: what the unit costs to carry today is what it costs.
Policy framework
Ownership form: Condominium. Purchases close through a right of first refusal rather than a cooperative board approval, which produces faster and more predictable timelines — 30 to 45 days is typical.
Pets: Not a default yes. The house rules on file bar birds, reptiles and animals from the building unless the board or managing agent has expressly permitted them in writing, and make that consent revocable at any time in their sole discretion. This is stricter language than most condominium pet rules, and a buyer with an animal should get the consent in hand rather than assume it.
Pied-à-terre, subletting, LLC, trust and foreign ownership: All available under the standard condominium framework. Home occupation is contemplated by the by-laws, subject to the declaration, but the rules bar patients, clients or other invitees from waiting in the lobby, halls or vestibule.
Signage: No "For Sale," "For Lease" or "For Rent" sign may be exposed at any window or any part of the building without written approval — relevant to how a resale is marketed here.
Flip tax: Not documented in the records reviewed. Confirm any resale capital contribution or working-capital charge with the managing agent before pricing a sale.
Real estate taxes: No abatement. See above.
Local Law 97
- 2024–2029 annual penalty
- $68,186/yr
- 2030–2034 annual penalty
- $149,031/yr
- Per unit / month range
- $121 – $264
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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 engineer identified conditions requiring monitoring or repair before the next inspection cycle. 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 — the licensed engineer the city requires to sign 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 record last verified September 2026.
Recent sales
This is a prewar Fifth Avenue conversion, and it should be priced as one. The correct comparable set is the small group of park-facing prewar buildings on upper Fifth that trade as condominiums, not the cooperative wall to the south, whose financing rules, board process and buyer pool are structurally different and whose pricing reflects that difference.
Per-square-foot pricing here has historically run below the Carnegie Hill and Museum Mile cooperative trophies to the south and above the postwar and new-construction inventory to the north and east. Park-facing lines carry the premium; interior and lot-line lines do not, and the spread between them inside this building is wide. The 2014 combinations mean the inventory is not uniform — a floor-through duplex and a converted line-A apartment are different products in the same address, and a building average will mislead on both.
Index any market statement to the last complete year rather than to partial current-year activity, which is thin in a 47-unit building. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Oct 9, 2025 | 1B | 2 BR · 2.5 BA · 1,480 sf | $1,602,500 | $1,083/sf | -2.9% |
| Feb 23, 2023 | 12N | 6 BR · 6 BA · 3,225 sf | $6,175,000 | $1,915/sf | -8.5% |
| Feb 18, 2022 | 3A | 3 BR · 3 BA · 2,282 sf | $3,900,000 | $1,709/sf | -8.2% |
| Aug 20, 2021 | 7N | 5 BR · 4.5 BA · 3,225 sf | $6,095,000 | $1,890/sf | +1.7% |
| Oct 25, 2019 | 1A | 2 BR · 2 BA · 1,565 sf | $1,895,000 | $1,211/sf | -4.1% |
| Feb 16, 2017 | 3A | 3 BR · 3 BA · 2,282 sf | $3,531,937 | $1,548/sf | off-mkt |
| Jul 15, 2016 | 2C | 2 BR · 1,410 sf | $1,900,000 | $1,348/sf | +12.1% |
| May 25, 2016 | 6TH | 7 BR · 6 BA · 5,118 sf | $7,500,000 | $1,465/sf | -11.8% |
Market read. Most recent trades (2025) cleared a median $1,313/sf across 1 sale. Median listing discount 4.2% 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 1-01607-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
The J-51 is over. Pull the current tax bill for the specific unit. Any carrying-cost number built on data from before the FY2026 roll understates what you will actually pay, and the difference is not small on a prewar Fifth Avenue assessment.
Confirm you are looking at 1669, not 2278. If a document, a financial statement or a set of house rules references 1212 Fifth Avenue or condominium no. 2278, it is the wrong building. Check the tax lot: 7501 is this building.
Get the pet consent in writing. The house rules make written board or managing-agent consent a condition and make it revocable. Do not close on the strength of an oral assurance.
Read the floor-covering and renovation rules before you budget. The 80 percent carpeting requirement and the weekday-only, 9-to-5 work window change both the design and the schedule of any renovation.
Ask about the façade. A 1928 masonry building on a park-facing corner carries a real Local Law 11 cycle. Request the current filing status, the last cycle's scope and cost, and whether an assessment is contemplated.
Test the exposure line by line. This is a corner building on an interior block. Park views are not uniform across the stack, and the difference between a park line and a lot-line unit here is the difference between two price tiers.
What to know if you’re selling
Lead with what the building structurally is: an Emery Roth prewar house on Central Park that a buyer can purchase through a trust or an entity, finance above cooperative limits, and sublet. On this corridor that is a genuinely short list, and it is the argument no co-op across the street can answer.
Get ahead of the tax number. Sophisticated buyers will find the J-51 burn-off themselves. Presenting the current bill up front, alongside a True Monthly Carrying Cost analysis, produces better outcomes than letting it surface in the attorney's diligence.
Distinguish the building from 1212 in your materials. Buyers arrive confused about which building is which. Naming the condominium number and the tax lot settles it and signals competence.
Price the line, not the building. With 47 residences, combinations from two eras and a wide park-versus-interior spread, a building-average per-foot figure is not a pricing tool here. Line-specific and floor-specific analysis is.
Comparable buildings
If you're considering 1200 Fifth Avenue, also evaluate:
- 1212 Fifth Avenue — the other former Mount Sinai building on this block, converted to condominium in 2011; the closest structural peer and the address most often confused with this one
- 1170 Fifth Avenue — park-facing prewar building a block south; the nearest like-for-like on the same stretch of the avenue
- 1148 Fifth Avenue — prewar Fifth Avenue building at the top of Carnegie Hill; the cooperative alternative with different financing and board rules
- 1107 Fifth Avenue — the Carnegie Hill prewar trophy cooperative; the price-tier step up and a very different transaction
- 1080 Fifth Avenue — postwar park-facing cooperative on Museum Mile; the postwar alternative on the same frontage
- 1120 Fifth Avenue — prewar Fifth Avenue cooperative a block south; comparable vintage, cooperative tenure
- 1150 Fifth Avenue — the immediate prewar neighbor on the avenue
- 3 East 95th Street — Carnegie Hill side-street prewar building; the off-avenue alternative at lower entry pricing
- 1155 Park Avenue — prewar Carnegie Hill Park Avenue building; the Park Avenue comparison a buyer should run
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Fifth Avenue — read The Roebling Team Guide to Fifth Avenue.
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.
Considering a move at 1200 Fifth Avenue?
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