1067 Fifth Avenue

1067 Fifth Avenue
Map
General information
TypeResidential
Architectural styleChâteauesque
LocationUpper East Side, Manhattan, New York City, U.S.
Coordinates40°46′57″N 73°57′34″W / 40.78250°N 73.95944°W / 40.78250; -73.95944
Completed1917
Technical details
Floor count12
Design and construction
Architecture firmC. P. H. Gilbert

1067 Fifth Avenue is a luxury cooperative located on Fifth Avenue between East 87th and 88th Streets in the Upper East Side of Manhattan in New York City.

History

The 50-by-100-foot (15 by 30 m), 12-story building was designed in the Châteauesque style by C. P. H. Gilbert and completed in 1917, becoming only the second luxury residential building to be erected on Fifth Avenue (after McKim, Mead & White's 998 Fifth Avenue, which was completed in 1912). It was built by the 1067 Fifth Avenue Company, who obtained a $500,000 mortgage from Hanover Mortgage Company in 1915.[1] The building is the Upper East Side's only example of the Châteauesque style applied to a high-rise.[2] At the time of its construction, it was flanked by private homes, including one that belonged to Henry Phipps Jr.,[3] who had "declined to buy the empty land to the north".[4]

It retains its original façade, characterized by French Gothic details around the windows and on the roofline and elaborate carved stone ornamentation including dragons and dolphins. The building has 12 floors with 13 apartments, each overlooking Central Park.[5]

In 1940, the Bowery Savings Bank foreclosed on the property and acquired the building at a foreclosure auction, bidding $180,000. At the time, the 1067 Fifth Avenue Company, Inc. owed the bank $283,502 for the mortgage, as well as $15,000 in taxes and other liens.[6] In 1947, the owner obtained reductions in assessed valuations amounting to $205,000 for 1944–45, 1945–46, and 1946–47 following an order from Judge Benjamin F. Schreiber.[7] In 1955, the entire building was sold by William F. Chatlos to an investor.[8]

Notable residents

References

  1. ^ "THE REAL ESTATE FIELD; Another Plot Opposite the Old Polo Grounds Disposed Of -- $350,000 Loft Building for Fifth Avenue Corner -- The 1067 Fifth Avenue Company Secures $500,000 Loan". The New York Times. April 30, 1915. Retrieved February 15, 2023.
  2. ^ "1067 Fifth Avenue". landmarkbranding.com. Landmark Branding LLC. February 15, 2017. Retrieved February 15, 2023.
  3. ^ Horsley, Carter B. "The Upper East Side Book: Fifth Avenue: 1067 Fifth Avenue". www.thecityreview.com. The City Review. Retrieved February 15, 2023.
  4. ^ Gray, Christopher (October 12, 1997). "Streetscapes/Church of the Heavenly Rest, Fifth Avenue and 90th Street; Restoring One of Manhattan's Magnificent Churches". The New York Times. Retrieved February 15, 2023.
  5. ^ Gray, Christopher (February 9, 2003). "Streetscapes/Charles Pierrepont Henry Gilbert; A Designer of Lacy Mansions for the City's Eminent". The New York Times. Retrieved November 14, 2010.
  6. ^ "1067 FIFTH AVE. SOLD TO SATISFY MORTGAGE; 13-Story Apartment Building Bid In by Savings Bank". The New York Times. December 10, 1940. Retrieved February 15, 2023.
  7. ^ "1067 Fifth Ave. Valuations Cut". The New York Times. November 27, 1947. Retrieved February 15, 2023.
  8. ^ "INVESTOR OBTAINS FIFTH AVE. HOUSE; Buys 14-Story Apartments Near 87th St.--John Street Building in New Hands". The New York Times. March 7, 1955. Retrieved February 15, 2023.
  9. ^ "Edith C. Cram, wife of John S. Cram, 1067 Fifth Avenue, Manhattan, New York", 1920 Federal Census, Enumeration District 1092, Manhattan Assembly District 15, Washington, D.C.: National Archives
  10. ^ "LAWYER SIGNS LEASE FOR SUITE IN 5TH AVE.; Charles P. Franchot Takes Large Apartment in No. 1067". The New York Times. April 26, 1940. Retrieved February 15, 2023.
  11. ^ Sanders, Sarabeth (March 4, 2010). "Q & A with Hirschfeld Properties CEO Elie Hirschfeld". The Real Deal. Retrieved February 15, 2023.
  12. ^ Lat, David (April 17, 2013). "Lawyerly Lairs: An $8 Million, Full-Floor Flat". Above the Law. Retrieved February 15, 2023.
  13. ^ Finn, Robin (April 12, 2013). "Big Ticket | A Reconfigured Aerie, Sold for $16.25 Million". The New York Times. Retrieved February 15, 2023.
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