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The Sherry Netherland, 781 Fifth Avenue, #18THFLOOR

$19,500,000 | 6 beds, 6+ baths
Building Profile  | 
57 days on Market

Key Details

  • Listed: Sep 18, 2024
    Last Price Change: ($4.5M) on Nov 7
    Days on Market: 57
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 341 times
Monthly Maintenance: $79,808
Est. Monthly Mortgage: $102,950
Total Est. Monthly Carrying Cost: $182,758
Note: the above is based on a down payment of 20% ($3,900,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Breathtaking Views: Enjoy mesmerizing 360-degree views of the Manhattan skyline and Central Park from three spacious terraces.
  • Expansive Living Space: This grand approximately 7,000 square foot residence offers luxurious proportions and a flexible floor plan for tailored living.
  • Exclusive Amenities: Experience full concierge services, 24-hour doormen, and hotel-like services including daily housekeeping and room service from Harry Cipriani.
  • Architectural Potential: The residence has undergone extensive planning, allowing for a clean slate to create a sophisticated and stylish home unique to Manhattan.
  • Prestigious Location: Perched atop the iconic Sherry Netherland Hotel, this residence is situated in one of New York's finest and most sought-after neighborhoods.
  • Private Staff Rooms: Included in the sale are two independent staff rooms, enhancing the convenience and luxury of living in this exclusive residence.

Description

Perched high atop the prestigious Sherry Netherland Hotel, this exceptional and palatial full-floor residence boasts spectacular terraces, 100 linear feet overlooking Central Park, and mesmerizing 360-degree views of the Manhattan skyline and other celebrated landmarks such as Grand Army Plaza and the historic facade of the iconic Plaza Hotel. This high-floor simplex is bathed in sunlight throughout the day, as are its three large terraces, which enjoy delightfully open exposures to the west, south and north. As evening falls, the skyline unfolds against a dramatic backdrop of city lights. With enormous potential underpinned by its extraordinary location, spectacular views and light, a luxury of space, elegant proportions, and three very glamorous and spacious terraces, this truly grand approximately 7,000 square foot residence comprises the entire 18th Floor of 781 Fifth Avenue.

An extensive amount of architectural planning as well as demolition has been done in recent months to create a clean white space on the northern side of the apartment, all of which boasts spectacular views towards Central Park and also opens onto the western and northern terraces. The southern flank of the apartment still retains its defined living spaces. Its current very flexible state invites its next residents to adapt and tailor this unique offering to their own vision.

The resulting residence will be an extraordinary illustration of a rarified, stylish and sophisticated home unique to Manhattan. Formerly, the apartment’s expansive configuration comprised five principal Entertainment Rooms, all with the most divine views towards Central Park, including a breathtaking corner Living Room, a Library with wet bar, a large square Dining Room, and a corner Den with access to both of the larger terraces. Additionally, there are a multitude of Bedrooms and Dressing Rooms which could be configured to suit anyone’s particular needs, eight Baths, and a Den/Media Room. The flexible floor plan of this enormous apartment is perfectly suited for both impressive and glamorous entertaining as well as for quiet contemplation, far above the city. This spectacular abode offers a rare opportunity to live in one of New York’s finest and most iconic Pre-War cooperatives.

Services and amenities offered by The Sherry Netherland include full concierge services, 24-hour doormen and elevator attendants, daily housekeeping, evening turndown services, valet parking, room service provided by the renowned Harry Cipriani, a fitness center, barber shop, and beauty salon. The apartment also has two independent staff rooms that are part of the sale and included in the maintenance. There is a monthly assessment for the 18th Floor and separate staff rooms of $8,011 and a monthly license fee for exclusive use of the 18th Floor elevator lobby of $2,342. Resplendent with glamorous and arresting views, the build out of this one-of-a-kind residence would yield the ultimate trophy abode. Sale and agent compensation subject to court approval.

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Apartment Amenities

  • Washer/Dryer in apt.
Listing courtesy of Sothebys International Realty

Pricing History

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About The Sherry Netherland, 781 Fifth Avenue

99

The Sherry Netherland, 781 Fifth Avenue has received a CityRealty Rating of 99, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

32
Out of 44
+
32
Out of 36
+
25
Out of 39
+
10
=
99
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
Distinctive 2 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Very Attractive 3 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
Some 1 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Elevator
  • Fitness Center
  • Valet Services
  • Landmarked

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Pros
  • Spectacular views
  • Maid service
  • Gargoyles
  • Wonderful griffins and hanging lanterns above entrance
  • Exclusive club in basement
  • Canopied entrance
  • Concierge
  • Very elegant vaulted lobby
  • Close to Subway
Cons
  • No sundeck
  • Protruding and discrete air-conditioners
  • Inconsistent fenestration
  • No garage
  • No health club
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Subways

  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.06 miles
  1. F
at 6th Ave 0.26 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.27 miles
  1. M
  2. E
at 5th Ave and 53rd 0.32 miles
  1. B
  2. D
at Broadway and 53rd 0.49 miles

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