834 Fifth Avenue
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834 Fifth Avenue is a luxury residential
housing cooperative A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Housing cooperatives are a distin ...
in the
Upper East Side The Upper East Side, sometimes abbreviated UES, is a neighborhood in the borough of Manhattan in New York City, bounded by 96th Street to the north, the East River to the east, 59th Street to the south, and Central Park/Fifth Avenue to the we ...
of
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
,
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
. It is located on
Fifth Avenue Fifth Avenue is a major and prominent thoroughfare in the borough of Manhattan in New York City. It stretches north from Washington Square Park in Greenwich Village to West 143rd Street in Harlem. It is one of the most expensive shopping ...
at the corner of East 64th Street opposite the
Central Park Zoo The Central Park Zoo is a zoo located at the southeast corner of Central Park in New York City. It is part of an integrated system of four zoos and one aquarium managed by the Wildlife Conservation Society (WCS). In conjunction with the Centra ...
. The
limestone Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms w ...
-clad building was designed by
Rosario Candela Rosario Candela (March 7, 1890 – October 3, 1953) was an Italian American architect who achieved renown through his apartment building designs in New York City, primarily during the boom years of the 1920s. He is credited with defining the cit ...
, a prolific designer of luxury apartment buildings in Manhattan during the period between
World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...
and
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
. 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 New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
''.


History

The building was constructed in 1931, and was one of the last luxury apartment houses completed before the
Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
halted such projects in New York City. Its street-facing facades are composed entirely of
limestone Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms w ...
. Elements of
Art Deco Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the Unit ...
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 A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Housing cooperatives are a distin ...
, where tenants own shares in the
corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and ...
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 A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
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.


Apartments

834 Fifth has 24
apartment An apartment (American English), or flat (British English, Indian English, South African English), is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are ma ...
s 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 typically range in size from approximately to 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 . 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 apartment An apartment (American English), or flat (British English, Indian English, South African English), is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are ma ...
s, units which have entrances from the street as well as from the building's interior
lobby Lobby may refer to: * Lobby (room), an entranceway or foyer in a building * Lobbying, the action or the group used to influence a viewpoint to politicians :* Lobbying in the United States, specific to the United States * Lobby (food), a thick st ...
. 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 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 portions of two adjacent B-line units to create the largest apartment in the building, an approximately 10,000-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 each. 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-foot 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, 7, 9 and 10 contain smaller B-Line simplex units. 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, 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). Floor 8 also has one B-line apartment, but it is smaller due to space annexed into duplex 7-8A. In the C-Line, Floor 5 features a smaller simplex unit, 5C, and Floors 9 and 10 feature a larger duplex unit, 9-10C, with a similar footprint to the C-line duplex on the third and fourth floors. Unit 13B was originally laid out as a four-bedroom duplex, but its upper level, which contained 2 bedrooms, was annexed to become part of the original penthouse (bought by Hugh Baker for $275,000 in 1930). Unit 13B is now a smaller 5,000 square feet two-bedroom 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). It was expanded by Wallace K. Harrison for
Laurance Rockefeller Laurance Spelman Rockefeller (May 26, 1910 – July 11, 2004) was an American businessman, financier, philanthropist, and conservationist. Rockefeller was the third son and fourth child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller. As ...
. There is also a 1,000-square-foot superintendent's apartment on the ground floor at the rear of the lobby.


Residents

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 Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co- ...
,
Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...
,
Woolworth Stores This is a list of buildings related to Foot Locker, Inc., its predecessors, or the Woolworth family. File:Manhattan-woolworth-building-top.jpg, Woolworth Building The Woolworth Building is an early American skyscraper designed by archit ...
, the
Hearst Corporation Hearst Communications, Inc., often referred to simply as Hearst, is an American multinational mass media and business information conglomerate based in Hearst Tower in Midtown Manhattan, New York City. Hearst owns newspapers, magazines, telev ...
,
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
and the
Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and fi ...
. The building has long been associated with the
Rockefeller family The Rockefeller family () is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by broth ...
and its various business and
charitable The practice of charity is the voluntary giving of help to those in need, as a humanitarian act, unmotivated by self-interest. There are a number of philosophies about charity, often associated with religion. Etymology The word ''charity'' or ...
interests. In addition, 834 Fifth Avenue has welcomed a higher percentage of
entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...
s and self-made business people than its peer buildings. Firms founded by tenants of 834 Fifth include Charles Schwab, TLC Beatrice, the Limited and Fox. When
Charlie Chaplin Sir Charles Spencer Chaplin Jr. (16 April 188925 December 1977) was an English comic actor, filmmaker, and composer who rose to fame in the era of silent film. He became a worldwide icon through his screen persona, the Tramp, and is conside ...
was in
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
during his contract negotiations with
Mutual Film Mutual Film Corporation was an early American film conglomerate that produced some of Charlie Chaplin's greatest comedies. Founded in 1912, it was absorbed by Film Booking Offices of America, which evolved into RKO Pictures. Founding Mutual ...
, 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: * Antenor Patiño, Bolivian tycoon, heir to his father Simón I. Patiño, called "the King of Tin" (the first sale of a Manhattan apartment for more than $1 million in 1978). He resided in a 15-room apartment sold by Mrs. Flagler Matthews by the broker Evalyn M. Kaiser *
Laurance Rockefeller Laurance Spelman Rockefeller (May 26, 1910 – July 11, 2004) was an American businessman, financier, philanthropist, and conservationist. Rockefeller was the third son and fourth child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller. As ...
(who owned the building before it became a cooperative, and resided in the penthouse triplex for nearly fifty years) *
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
(founder of the
Fox Network The Fox Broadcasting Company, commonly known simply as Fox and stylized in all caps as FOX, is an American commercial broadcast television network owned by Fox Corporation and headquartered in New York City, with master control operations ...
,
BSkyB Sky UK Limited is a British broadcaster and telecommunications company that provides television and broadband Internet services, fixed line and mobile telephone services to consumers and businesses in the United Kingdom. It is a subsidiary of ...
) *
Robert Bass Robert Muse Bass (born 19 March 1948) is an American billionaire businessman and philanthropist. He was the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada. In 2018 he had a net worth of $5 billion. Bass has served o ...
(billionaire investor) *
Len Blavatnik Sir Leonard Valentinovich Blavatnik, russian: Леонид Валентинович Блаватник, Leonid Valentinovich Blavatnik (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. As of March 202 ...
(billionaire businessman) * Loida Nicolas-Lewis (business woman, philanthropist, widow of Reginald Lewis) *
Les Wexner Leslie Herbert Wexner (born September 8, 1937) is an American billionaire businessman, the founder and chairman emeritus of Bath & Body Works, Inc. (formerly Limited Brands). Wexner grew a business empire after starting The Limited, a clothing re ...
(founder,
L Brands Bath & Body Works, Inc. (formerly known as L Brands, Inc., Limited Brands, Inc. and The Limited, Inc.) is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $11.9 billion in revenue in 2021, and was ...
) * John Gutfreund (chairman of
Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street durin ...
) and wife Susan * Damon Mezzacappa (financier, former vice chairman of
Lazard Freres Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's lar ...
) *
Elizabeth Arden Elizabeth Arden (born Florence Nightingale Graham; December 31, 1881 – October 18, 1966) was a Canadian-American businesswoman who founded what is now Elizabeth Arden, Inc., and built a cosmetics empire in the United States. By 1929, s ...
(founder of the eponymous cosmetics company) *
Harold Prince Harold Smith Prince (born Harold Smith; January 30, 1928 – July 31, 2019), commonly known as Hal Prince, was an American theatre director and producer known for his work in musical theatre. One of the foremost figures in 20th century America ...
(
Broadway Broadway may refer to: Theatre * Broadway Theatre (disambiguation) * Broadway theatre, theatrical productions in professional theatres near Broadway, Manhattan, New York City, U.S. ** Broadway (Manhattan), the street **Broadway Theatre (53rd Stree ...
producer) * Carroll Petrie (a philanthropist, widow of the founder of Petrie Stores) *
A. Alfred Taubman Adolph Alfred "Al" Taubman (January 31, 1924 – April 17, 2015) was an American businessman, investor, and philanthropist. He was convicted in 2002 for a price-fixing scheme involving the top two auction houses in the United States. Backgro ...
(
shopping mall A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term "mall" originally meant pedestrian zone, a pedestrian promenade with shops along it (that ...
developer, former chairman of
Sotheby's Sotheby's () is a British-founded American multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, an ...
) *
John DeLorean John Zachary DeLorean (January 6, 1925 – March 19, 2005) was an American engineer, inventor, and executive in the U.S. automobile industry, widely known for his work at General Motors and as founder of the DeLorean Motor Company. DeLorean ma ...
(former automotive magnate) * Joan Whitney Payson (an heiress, and philanthropist) * Robert (Woody) Johnson IV (one of the heirs of the
Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...
fortune, owner of the
New York Jets The New York Jets are a professional American football team based in the New York metropolitan area. The Jets compete in the National Football League (NFL) as a member club of the league's American Football Conference (AFC) East division. The ...
) * Charles R. Schwab (founder and CEO of the Charles Schwab Corporation) * Frank Jay Gould * Casey Johnson (an heiress to the
Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...
fortune, well-known
socialite A socialite is a person from a wealthy and (possibly) aristocratic background, who is prominent in high society. A socialite generally spends a significant amount of time attending various fashionable social gatherings, instead of having tradit ...
celebutante ''Famous for being famous'' is a term for someone who attains celebrity status for no clearly identifiable reason (as opposed to fame based on achievement, skill, or talent) and appears to generate their own fame, or someone who achieves fame thro ...
and daughter of Jets owner Woody Johnson) * Jessie Donahue (daughter of five and dime king FW Woolworth) * Jean Flagler Matthews (granddaughter and heiress of oil and railroad magnate and founder of Palm Beach, Henry Morrison Flagler) *
Hamilton E. James Hamilton Evans "Tony" James (born February 3, 1951) is an American billionaire businessman, and the executive vice chairman of The Blackstone Group, a New York-based global asset management firm, having previously been president and chief operating ...
(billionaire, bought Hal Prince's apartment)


References

{{Fifth Avenue Residential buildings completed in 1931 Apartment buildings in New York City Condominiums and housing cooperatives in Manhattan Fifth Avenue Art Deco architecture in Manhattan Rosario Candela buildings Upper East Side Residential skyscrapers in Manhattan