The full-floored apartment on the fifth floor of 1020 Fifth Avenue has only been home to two residents in its lifetime. One of them is socialite and philanthropist Georgette Mosbacher, who after owning the apartment for 25 years, has decided to list it for $29.5 million, reports The New York Times (h/t Luxury Listings NYC).
To say that this fifth floor home is extravagant would only begin to describe it. The Met-facing apartment boasts a sweeping parlor room with elaborate 20-foot high ceilings, along with many restored details. When Mosbacher acquired the space it wasn’t in the best of conditions, by her standards, so she proceeded to give it a full renovation but was cautious about preserving architectural nuances like the grand salon’s painted coat of arms, three wood-burning fireplaces, the hardwood floors, and the embellished doors.
From there, Mosbacher would use her home to host lavish parties, fundraising campaigns, and other social events for the world’s elite. According to the Times, everyone from King Juan Carlos I of Spain to Hollywood actors like Tom Hanks would populate the apartment.
Aside from all of its grandeur, the home is huge, encompassing nearly 5,000 square feet of space with three bedrooms, four-and-a-half bathrooms, a library, laundry room, office, and so much more. Whoever drops $29.5 million on this opulent abode should always be prepared to pay an additional $9,375/month on maintenance charges, but what’s that to a millionaire?
- Listing: 1020 Fifth Avenue 5TH-FLOOR [Brown Harris Stevens via StreetEasy]
- Georgette Mosbacher Puts Fifth Avenue Co-op on the Market [The New York Times]
- Socialite and fundraiser lists $30M Fifth Avenue co-op [Luxury Listings NYC]