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Fifth Avenue

Known for its high-end shopping, distinguished hotels and close proximity to Central Park, 5th Avenue attracts some of Manhattan’s wealthiest residents.



Welcome to Fifth Avenue


Known for its high-end shopping, distinguished hotels and close proximity to Central Park, 5th Avenue attracts some of Manhattan’s wealthiest residents
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Fifth Avenue - The Cosmopolitan Center of New York

Along Central Park, 5th Avenue is also referred to as Museum Mile—thanks to the museums that flank the avenue, including the Metropolitan Museum of Art, the Neue Gallery and the Met Breuer (opening March 2016).

The commissioner’s plan of 1811 mapped out the avenues running North and South and the streets running East and West included 5th Avenue, a street that begins at the Northern edge of Houston, once ran through Washington Square Park and all the way up to Manhattan’s Upper East Side.

Though 5th Avenue begins at Houston and runs to the Harlem River, the neighborhood of 5th Avenue is bound by 79th Street on the Northern edge and 52nd Street on the Southern edge. 





Fifth Avenue Real Estate Insights

Median sales price for this neighborhood is just shy of $1.5 million and can rise above $25 million for a 16-room unit. A 5th avenue top luxury broker only expects prices to continue to rise, as Manhattan is still one of the most desirable locations for the rich and famous. A Central Park South Real Estate Agent might anticipate that real estate prices will continue to rise as many apartments along 5th Avenue offer more space than other neighborhoods.

Residents of 5th Avenue real estate can enjoy spectacular views of the park, Manhattan and Queens.
Residents can easily walk to stores along 5th Avenue, and enjoy the many activities Central Park and Broadway shows have to offer in nearby Times Square. Car services and taxis are also readily available in this exclusive neighborhood. A vast majority of 5th avenue homes for sale have secure entryways with doormen.




People and Lifestyle

Famous residents of Central Park South Real Estate have included Jackie Kennedy Onassis (who had a view of the Met’s Temple of Dendur exhibit from her own living room), the Vanderbilt’s, the Carnegies and the Astors. With so many wealthy families living on such a small strip of land, 5th Avenue gained another nickname—Millionaire’s Row.

Today Fifth Avenue Luxury Real Estate is inhabited by priviledged and wealthy families. 78 percent of residents hold a Bachelor’s degree, while 36 percent hold a higher degree. The median household income tops $250,000 per year in this neighborhood. Most of the population is Caucasian while a small majority is Hispanic.

Parks and Nature

Central Park runs along the perimeter of 5th Avenue luxury real estate, offering access to the city’s crown jewel of parks. Residents can ice skate on the nearby pond in the Winter and race remote-controlled mini sailboats in the Summer. The local zoo is popular with children, while adults and children of all ages love programs such as Shakespeare in the Park and the New York Philharmonic Orchestra.

Restaurants

With so many stylish hotels and wealthy residents, it's no wonder there’s plenty of fine-dining opportunities around 5th Avenue. Both Tao and Nobu are famous for their high-end Asian-inspired cuisines. Maze by Gordon Ramsay gives locals a taste of his Television show, “Hell’s Kitchen”, without the trek (albeit a small one) over to the neighborhood itself. The Four Seasons has played host to many a celebrity throughout its tenure on 5th Avenue. Diners can enjoy a historic night out on the town at Harry Cipriani, the first of eight locations in New York City of this international restaurant empire.

Nightlife

The adjacent Times Square area has plenty of nightlife options, including Broadway theaters—one of the biggest tourist attractions in the city. Sip on a prohibition-style cocktail in the fabled 21 Club, a speakeasy that opened in the 1920s. Enjoy a night out by heading over to Hell’s Kitchen for some fantastic local fare or take the train over to Queens (only a five-minute train ride) to check out one of the trendy farm-to-table restaurants.

Hotels

Plenty of posh hotels dominate the 5th Avenue area. The Plaza on Central Park South sits right across the street from Bergdorf Goodman—once the home of Cornelius Vanderbilt. The nearby Waldorf Astoria is known for hosting both foreign dignitaries and the President of the United States. The St. Regis on 5th Avenue offers impecable rooms with impressive amenities and dignified service.

Shopping

5th Avenue has plenty of shopping—offering high-end sophisticated brands. Large department stores include Bergdorf Goodman, Saks 5th Avenue and Bloomingdales. Posh jewelry stores, like Henri Bendel and Tiffany & Co. are also nearby. Tourists love shopping at the Apple store that’s open 24-hours a day, 7-days a week. Other neighborhoods, such as SoHo and Chelsea offer plenty of boutique and exclusive shopping and are either a short subway or taxi ride away.

List of Schools

Public:

PS 183 Robert L. Stevenson, grades K-5
PS 166Q, grades K-5
Eleanor Roosevelt High School, grades 9-12

Private:

The Geneva School of Manhattan, grades preschool-8
The Buckley School, grades K-9
The Browning School, grades K-12
Hewitt School, grades K-12
Dominican Academy, grades 9-12