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The Sherry Netherland, 781 Fifth Avenue, #505

$4,800,000 | 3 beds, 4 baths
Building Profile  | 
233 days on Market

Key Details

  • Listed: Mar 26, 2024
    Last Price Change: ($495,000) on Sep 27
    Days on Market: 233
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,379 times
Monthly Maintenance: $20,148
Est. Monthly Mortgage: $25,342
Total Est. Monthly Carrying Cost: $45,490
Note: the above is based on a down payment of 20% ($960,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Iconic Location and Spectacular Views: This property is located in the iconic Sherry Netherland skyscraper in Manhattan, offering breathtaking views of Central Park, Fifth Avenue, landmark architecture, and the Manhattan skyline. It's situated at the epicenter of Manhattan, just moments away from Central Park, The Plaza, Pierre, premier shops, restaurants, and other attractions.
  • Exquisite Design and Craftsmanship: The apartment is meticulously designed by the famed Jeffrey Bradfield, a Dean of American Design according to Architectural Digest and a Top Ten Designer by The Robb Report. It features high-quality craftsmanship with elegant coffered and tray ceilings, rich woods, intricate marble floors, magnificent moldings, custom millwork doors, and a stately marble fireplace mantle.
  • Luxurious Amenities and Features: The modern kitchen is styled with sleek white cabinetry and countertops, and top-of-the-line appliances. The primary bedroom suite is spacious with walls of closets, arched mirrored display niches, a sitting area, and a luxurious spa bath. The dressing room is ultra-luxurious, wrapped in floor-to-ceiling mirrored closets, with an additional walk-in closet, marble-top storage island, and makeup vanity.
  • Additional Storage: The apartment comes with a separate 137 sq ft windowed storage unit on the same floor, which has its own full bathroom.
  • Building Amenities and Services: The building offers a range of amenities including a 24-hour doorman, concierge, attended elevators, fitness center, hair salon, and valet parking. Residents may also partake in hotel services such as daily maid service.
  • Rich History and Prestigious Residents: The building is a full-service white-glove cooperative with a recently restored ceiling mural in the lobby based on Raphael's frescoes at the Vatican Palace. It has a rich history and has hosted residents such as Howard Hughes, Diana Ross, Francis Ford Coppola, Jim Henson, and Judge Judy Sheindlin.

Description

Experience quintessential New York City living at its best in a spectacular 3 bedroom, 3 and a half bathroom jewel in one of Manhattan’s most iconic skyscrapers. The true essence of old NY is impeccably reimagined and perfectly epitomized in this glamorous Upper East Side home at the exclusive Sherry Netherland, a preeminent residential hotel moments from Central Park. Graciously-proportioned #505 was meticulously designed by the famed Jeffrey Bradfield, named a Dean of American Design by Architectural Digest and a Top Ten Designer by The Robb Report.

Every exquisite, custom-made detail in this pristine-condition residence is rare and impressive, and reminiscent of another refined era. Superlative elements abound throughout representing an unparalleled quality of craftsmanship, from elegant coffered and tray ceilings to rich woods and intricate marble floors, magnificent moldings, custom millwork doors, a stately marble fireplace mantle, high-end lighting, to premium Bullet brackets and hardware adorning all cabinets and doors. Topping the allure are the breathtaking views of Central Park, Fifth Avenue, landmark architecture and Manhattan skyline, enjoyed from oversized windows lining the entire southern and western sides of the sun-bathed apartment.

Another very special attraction is the separate 137 sq ft windowed storage unit on same that comes with the apartment and has its own full bathroom. Enter the generous stunning central gallery with gorgeous marble floors, a beautiful domed ceiling, large closet and upscale powder room. While proceeding to the dramatic entertaining space, fabulous hidden folding doors, which appear as part of the paneling, can be extended to close off the gallery and living area for privacy if desired. The expansive southwest corner living room affords an ideal backdrop for entertaining.

Adjoining via pocket doors is a formal dining room featuring tasteful built-ins for fine china, and dark herringbone-pattern wood floors. Across the hall is a modern kitchen styled with sleek white cabinetry and countertops, and top-of-the-line appliances for the chef. At right is extensive built-in storage, and a convenient washer-dryer.

The huge primary bedroom suite is phenomenal, offering walls of closets, arched mirrored display niches, a sitting area, and luxurious spa bath with a deep soaking tub and separate shower. Beyond is an ultra-luxurious dressing room wrapped in floor-to-ceiling mirrored closets, with an additional walk-in closet, marble-top storage island, and makeup vanity. This room was originally the 3rd bedroom and can easily be converted back as it comes with a lovely full bath.

Across the home is the 3rd bedroom suite with a wall of mirrored closets and full bath, which makes a comfortable den or office as well. Built in 1927 as a world-class hotel and converted to a cooperative in 1954, the landmarked Sherry Netherland sits at the epicenter of Manhattan, moments from Central Park, The Plaza, Pierre, premier shops, restaurants and other attractions. Elevating the lifestyle is its work-of-art lobby adorned with a restored ceiling mural based on Raphael’s frescoes at the Vatican Palace, and white-glove services/amenities including a 24-hour doorman, concierge, and attended elevators.

Residents may partake in hotel services as well such as daily maid service, an onsite fitness center, hair salon, and valet parking. Pied-a-terres are allowed. The current monthly maintenance for 505 is $20,148 and the maid’s room 519 is $1,170.83. The total monthly assessment for 505 and 519 is $2,679.18 thru 9/1/2027. The maintenance will be increased as of 1/1/2023 to $302 per share which will make the monthly maintenance $24,411.67 for 505 and $1,258.33 for 519. The assessment remains the same.

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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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