Location: 1200 Fifth Avenue (E. 101st and E. 102nd Streets)
Size: 59 units
Prices: $1.5 to $14.5 million
Expected Occupancy: 2008
Developer: Joseph Nakash, Joseph Chetrit, Lloyd Goldman and Mann Realty
Architect: Emery Roth
Sales and Marketing: Corcoran Sunshine

Overview: 1200 Fifth Avenue- Old World Charm and New World Luxury

Condo buyers are often forced to choose between the charm of a pre-war building and the luxury of a new development. The conversion of 1200 Fifth Avenue means that you can have both at the same time. Modern luxury amenities have been seamlessly worked into 1200 Fifth Avenue, without disturbing the elegance that has graced the building since it was first built in 1928. High-beamed ceilings co-exist with central air and tilt-and-turn picture windows; old world craftsmanship co-exists with electric fireplaces, state of the art kitchen appliances, and a fitness room.

1200 Fifth Avenue’s northerly location on E. 101st Street means that it is slightly removed from the competitiveness and bustle of Carnegie Hill (some might say mercifully so), without sacrificing any value. Furthermore, the fact that 1200 Fifth Avenue is a condo building means that you can buy Fifth Avenue real estate directly, without having to go through the involved condo board approval process.


Raves & Faves
Emery Roth is a legendary architect, best known for Central Park West buildings such as The San Remo, The Eldarado, and The Beresford. 1200 Fifth is a less imposing- but equally impressive- East Side cousin to those buildings. From the first step through the three-story limestone entranceway, it is clear that 1200 Fifth Avenue comes from a different time. New condo developments do not possess the same combination of spaciousness, craftsmanship, and elegance.


Not So Hot
1200 Fifth Avenue is located in Lower East Harlem. The neighborhood is definitely changing, and this makes 1200 Fifth Avenue a good investment opportunity. The very presence of the 1200 Fifth Avenue condos will help to accelerate this process. In the short term, though, some might feel that the surrounding neighborhood does not provide a befitting setting for such an elegant building.

Units: Layout and Pricing
Two bedrooms list for between $1.5 and $2.2 million dollars, five bedrooms list for between $4.9 and $7 million, and penthouses go for $14.5 million. The common charges in this building are on the high side (due to the costs of renovating and maintaining an older building) at roughly $1.25/ foot.

The units were originally designed for wealthy families in the 1920s, many of who were moving up from townhouses. These original layouts have been preserved, providing unusually spacious units,

Come See For Yourself
Interested in buying at 1200 Fifth Avenue? Give us a call at 212-220-4633 or 917-603-6224, or email us. As a buyer broker, our services are free to you, and we represent your interests. We’ll be delighted to show you apartments at 1200 Fifth Avenue and other comparable properties. Be sure to ask about our rebate program.

Location & Neighborhood
Lower Harlem is an area in transition. What was once a low-income neighborhood is currently undergoing a rapid process of gentrification, and coming to resemble Carnegie Hill as much as it does the old Spanish Harlem.

1200 Fifth Avenue is at the upper end of Museum Mile, and is quite tied in to the Fifth Avenue culture that extends down along Central Park. Indeed, its position on the park is one of 1200 Fifth Avenue’s greatest attributes. The park stretches out in front of the building, acting as a lush, 800 acre front yard. 1200 Fifth Avenue is slightly removed from the excitement of the Upper East Side, but it offers a peaceful elegance that most other properties cannot.

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