1049 Fifth Avenue was formerly the Adams Hotel. It was built in 1928 and converted into 54 condominiums starting in 1990. At the time they were the most expensive condos to hit the Manhattan market. Today, many of those units have been combined and the building currently has 45 total apartments averaging 3,000 square feet a piece.
Strange as it may sound, the building is not actually on Fifth Avenue. It’s on 86th street, one building east of Fifth. The original address is 2 East 86th street. In the early 90s it was named 1049 Fifth Avenue by the Manhattan Borough President’s office simply to please Jack C. Heller and Duncan Macaulay, the developers of the building. At the time of its conversion the developers claimed that the buildings top floors had unobstructed views of Central Park and as a result of this they should be able to attain a Fifth Avenue address which would in turn increase property values.
1049 5th Avenues façade is a mix of limestone on the bottom with beautiful brick on top. Many of the buildings characteristics resemble a pre-war functionalism style. From coffered ceilings and raised panel walls to Chicago windows and hand-laid rosewood herringbone patterned floors with ebony borders, the building is a marvel. The sprawling apartments are considered large giving owners ample space to move around and plenty of options to design their interior spaces. The marble bathrooms with cherry wood raised panel cabinetry, double sink vanities and deep soaking tub give a serene atmosphere to unwind. The one downfall to this building compared to other pre-war structures is its ceiling height. Most pre-war structures generally have 9.5’ foot + ceilings but with the building being built as a hotel the original developers lowered the traditional ceiling height to maximize total square footage.
The building provides certain residences with terraces from where one can enjoy spectacular views of Central Park and the city. With features such as storage room, refrigerator storage for deliveries and a bicycle room, residents can easily store items that they don’t want to keep in their apartment. The circular lobby has expansive dark wood and is attended by a full time doorman, concierge and manned elevators.
This is one of the few Fifth Avenue condo buildings. To see what apartments are available, please fill out the form below.