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131 5th Ave #701, New York, NY, 10003

4beds
3baths
3,500sqft
$4,599,000
$1,314price/sqft
$27,322/moest. monthly cost
$1,092,880/yrincome needed

About This Home

Triple penthouse with private outdoor space! This unique four bedroom, three bathroom coop loft is available on the private market and ready for a lucky new owner. A keyed elevator leads you to your semi-private landing, and onto the ground level of the apartment. On this floor are 11-foot ceilings, an enormous open loft space with powder room, southern-facing windows, an open, SieMatic vented chef's kitchen, an office, a den, and a separate dining area flanked in gorgeous built-ins. It truly screams Flatiron loft! The second floor has two bedrooms and a full bathroom, as well as a full-sized laundry room and dog washing station. The top level of this triplex is the primary suite, as well as private terrace. The bedroom is large, with en-suite bathroom inclusive of a double vanity, soaking tub, and stall shower. There is a large, built-out customized closet and access to an approximately 300 square foot irrigated private terrace. There are three zones of air conditioning, two separate entrances, and a security system. The cooperative comprises 21 residences over 8 stories and lies on the corner of 20th and Fifth. It has a full-time super, video intercom, keyed elevator, and separate laundry and bike storage. The building enjoys free and clear ownership (no mortgage) and a retail cooperative covers about 1/3 of the building's expenses. *Some photos are virtually staged*

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
91
BikeBiker's Paradise

Schools

8/10
8/10
Jhs 104 Simon BaruchGrades 6-80.6 mi
9/10
Manhattan Village AcademyGrades 9-120.2 mi

Construction

Condition

  • Year built: 1902

Type & Style

  • Home type: Cooperative
  • Property subType: Coop

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Terrace
  • Exterior features: Terrace
  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $23,255$279,060
Home Insurance *$768$9,216
Property Taxes $2,721$32,652
Electricity $578$6,940
Total$27,322$327,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$936,754/yr
40% on housing$819,660/yr
45% on housing$728,586/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,314This listing

vs Other Active Listings

Avg $/sqft

ZIP 10003$1,469
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10003$1,089
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-09-29Price change$4,650,000
2025-04-21Listed for sale$4,995,000
2025-04-18Listing removed$4,995,000
2025-02-10Listed for sale$4,995,000
2023-10-02Listing removed--
2023-02-21Price change$5,600,000
2023-02-06Listed for sale$6,000,000
2023-01-18Listing removed--
2022-11-13Listed for sale$6,000,000

For Sale by Agent

AgentIan Slater
BrokerageCompass

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