834 Fifth Avenue
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|834 Fifth Avenue|
|Alternative names||834 Fifth|
|Architectural style||Art Deco|
|Address||834 Fifth Avenue|
|Town or city||New York, NY|
|Current tenants||approx. 24-48 tenants|
|Cost||$20-$30 million (average selling price for an apartment)|
|Floor count||16 (24 apartments)|
|Design and construction|
834 Fifth Avenue is a luxury residential housing cooperative in the Upper East Side of Manhattan, New York City.> It is located on Fifth Avenue at the corner of East 64th Street opposite the Central Park Zoo in Central Park. The limestone-clad building was designed by Rosario Candela, a prolific designer of luxury apartment buildings in Manhattan during the period between World War I and World War II. 834 Fifth Avenue is widely regarded as one of the most prestigious apartment houses in New York City. It has been called "the most pedigreed building on the snobbiest street in the country’s most real estate-obsessed city" in an article in the New York Observer newspaper. This status is due to the building's overall architecture, the scale and layout of the apartments, and the notoriety of its current and past residents. It is one of the finest buildings designed by Rosario Candela, according to The New York Times.
The building was constructed in 1931, and was one of the last luxury apartment houses completed before the Great Depression halted such projects in New York City. Its street facing facades are composed entirely of limestone. Elements of Art Deco styling were utilized on the entry ways and portions of the Fifth Avenue facade. The building uses setbacks at the upper floors to create terraces for several apartments and provide visual interest from a distance.
The building is incorporated as a housing cooperative, where tenants own shares in the corporation which owns the building; those shares entitle the owner to occupy a designated unit in the building. Similar to other ultraluxury apartment buildings in New York City, a person who purchases a unit in the building must pay entirely in cash for the apartment. No mortgage financing is allowed. In addition, the cooperative's board is rumored to require potential buyers to possess liquid assets in excess of ten times the value of the purchased unit.
834 Fifth has 24 apartments on 16 floors. The building occupies a plot of land which is approximately 150' by 110', allowing for very spacious units. The building's apartments range in size from approximately 2,000 sq ft (190 m2). to 7,000 sq ft (650 m2) with an average unit being approximately 6,000 square feet. The largest single unit - a combination of two apartments done during the construction process - is approximately 12,000 sq ft (1,100 m2).
The original design for 834 called for a midblock 120 foot wide building, but it was asymmetrically extended southward during construction after a holdout corner mansion was acquired by the developer. Because this happened with the steel frame of the building's structure already in place, the extra 30 feet of frontage would be allocated as a line of duplex apartments, so that the original developer blueprints remained more or less intact. All the apartments were designed with high ceilings, and several units have outdoor space. Apartments in the building have ceiling heights of 11 to 12 feet in the public rooms, while the bedroom floors have ceiling heights of 9 to 11 feet (9 feet in the duplexes and 10 to 11 feet in the simplexes). There are three maisonette apartments, units which have entrances from the street as well as from the building's interior lobby.
The duplexes on the southern side of the building form the A Line, each unit of which is approximately 5,500 square feet. These apartments typically have a 600 square foot living room facing Central Park, and a 450 square foot dining room and 300 square foot library along the 64th Street side of the building. Most of these units have four to six bedrooms on their upper floors. Unit 13-14A is 4,750 square feet (as well as approximately 350 square feet of terraces) and Unit 15A apartment is a 2,000 square foot simplex type apartment with approximately 250 square feet of terrace space. Several of the A-Line units have annexed space from adjoining apartments resulting in units that are over 6,000 square feet. In one case, the A-line duplex unit on the 7th and 8th floors was combined with the adjacent B-line unit creating the largest apartment in the building, an approximately 12,000 square foot unit.
The other apartments in the building form the B and C lines. In the original building there were two duplex maisonettes, the southern one measured roughly 6,250 square feet, while the smaller northern about 5,500 square feet. Above there were two large duplex units about 7,000 square feet. With the additional area available when the building was expanded to 64th Street, the developer created a total of three duplex maisonettes of 5,500, 4,500 and 6,250 square feet in total. The 6,250 square feet maisonette was modified to enlarge the lobby.
Above these maisonettes were the other B and C lines units. On the third and fourth floors are duplex B and C units of approximately 7,000 square feet each. Floors 5 and 7 contain four smaller units - 5B and 7B which measure 4,000 square feet and Units 5C and 7C which are 3,000 square feet. These smaller apartments have Central Park-frontage of approximately 60 feet on each floor. The rest of the building's B-line apartments have a linear expanse of 120 feet of park frontage. Floors 6, 8, 9, 10, 11 and 12 have only one B-line apartment, each of which is 6,500 - 7,000 square feet (the higher the floor the smaller the square footage due to setbacks and terraces in rear courtyard facing side of each apartment).
Unit 13B was originally laid out as a duplex, but its upper level (which contained 2 additional bedrooms) was annexed to become of part of the original duplex penthouse (bought by Hugh Baker for $275,000 in 1930). Unit 13B it is now a 5,000 square feet simplex unit (including several Park and north-facing terraces).
Finally, at the top of the building, the triplex penthouse is 8,000 square feet, with private rooms on the 14th floor, public rooms on the 15th floor, and a sun room/library on the top level of the unit. The penthouse also features an additional 4,000 square feet of outdoor space (terraces, patios)
There is also a 1,000 square feet superintendent's apartment on the ground floor at the rear of the lobby.
834 Fifth Avenue has historically been home to a large number of founders and heirs of major American family fortunes. The fortunes include those associated with Standard Oil, Johnson & Johnson, Woolworth Stores, the Hearst Corporation, Ford Motor Co. and the Chase Manhattan Bank. The building has long been associated with the Rockefeller family and its various business and charitable interests.
In addition, 834 Fifth Avenue has welcomed a higher percentage of entrepreneurs and self-made businessmen than its peer buildings. Firms founded by tenants of 834 Fifth include Charles Schwab, TLC Beatrice, the Limited and Fox. This helped establish its reputation as a haven for the high-achieving elite within New York society.
When Charlie Chaplin was in New York City during his contract negotiations with Mutual Film, and found out that his first love, Hetty Kelly, was staying with her sister, Mrs. Ethel Margaret Kelly Gould (wife of Frank Jay Gould), at 834 Fifth Avenue, he stalked the place. Note that this building was not the current structure, but one that was demolished at this site. Other previous structures at this site were 1 East 64th Street (Mr. George Crocker) and 833 Fifth Avenue (Mr. William Guggenheim).
Past and current residents include:
- Laurance Rockefeller (who owned the building before it became a cooperative, and resided in the penthouse triplex for nearly fifty years)
- Rupert Murdoch (founder of the Fox Network, BSkyB)
- Robert Bass (billionaire investor)
- Loida Nicolas-Lewis (business woman, philanthropist, widow of Reginald Lewis)
- Leslie Wexner (founder, The Limited)
- John Gutfreund (former chairman of Salomon Brothers) and wife Susan
- Damon Mezzacappa (financier, former vice chairman of Lazard Freres)
- Elizabeth Arden (founder of the eponymous cosmetics company)
- Harold Prince (the Broadway producer)
- Carroll Petrie (a philanthropist, widow of the founder of Petrie Stores)
- Alfred Taubman (shopping mall developer, former chairman of Sothebys)
- John DeLorean (former automotive magnate)
- Joan Whitney Payson (an heiress, and philanthropist)
- Robert (Woody) Johnson IV (one of the heirs of the Johnson & Johnson fortune, owner of the New York Jets)
- Charles R. Schwab (founder and CEO of the Charles Schwab Corporation)
- Frank Jay Gould
- Casey Johnson (an heiress to the Johnson and Johnson fortune, well-known socialite celebutante and daughter of Jets owner Woody Johnson)
- Jessie Donahue (daughter of five and dime king F.W. Woolworth)
- Upper East Side Book - Fifth Avenue
- New York Apartments of Rosario Candela and James Carpenter
- High Rise, Low Down: Whos' Who and What's What in New York's Most Coveted Apartment Buildings
- You’re the Top! - The New York Observer, May 1, 2007
- New York Times: "Apartments by Candela: Grandest of the Grand"
- "New York Real Estate Brochures Collection: Projects". Retrieved 2 November 2014.
- "834 Fifth Ave. #1314A - Co-op Apartment Sale in Lenox Hill, Manhattan - StreetEasy". Retrieved 2 November 2014.
- "834 Fifth Ave. #13B - Co-op Apartment Sale in Lenox Hill, Manhattan - StreetEasy". Retrieved 2 November 2014.
- "Rupert Murdoch New York Penthouse". Retrieved 2 November 2014.
- Charlie Chaplin, Brightest star of silent films. Retrieved 2 November 2014.
- Owners of Fifth Avenue Mansions in 1898