1083A Fifth Avenue
Between 89th Street and 90th Street Carnegie Hill
Nearby Subway Stations
The asset presents a truly unique possibility for potential buyers to execute a wide variety of potential possibilities including a boutique condominiums, mixed-use residential/community facility or a historic and one-of-a-kind single family residence.
Consisting of three tax lots, the property is split zoned between R10 and R8B districts and is approximately 38,626 square feet above grade with an additional 12,121 square feet of below-grade space, bringing the total gross square footage to 50,747 square feet. The maximum buildable square footage is approximately 84,189 square feet, which is inclusive of 45,563 square feet of additional rights.
However the property lies within the expanded Carnegie Hill Historic District and therefore any work to the exterior and usage of the additional air rights must be presented to and approved by the Landmarks Preservation Commission.
These three buildings, provide a unique opportunity to develop a boutique condominium on some of the world’s most coveted real estate.
Living in Carnegie Hill
The Carnegie Hill section of Manhattan, full of magnificent townhouses rarely for sale, has convenient access to Central Park. Larger buildings house prewar apartments of six or seven rooms, known as “Classic Sixes” and “Classic Sevens.” The light in the area remains generous though, as even these magnificent co-ops are usually modest in height. The resulting old-world feel, which influences even modern condos in Carnegie Hill, illustrates why steel tycoon Andrew Carnegie selected this quiet, countrified section of Manhattan as the place to build his ultimate family home. (You can still visit it today on your way to buy or rent an apartment — it’s now a branch of the Smithsonian known as the Cooper-Hewitt museum.)