{"id":6892,"date":"2011-12-22T11:19:09","date_gmt":"2011-12-22T15:19:09","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=6892"},"modified":"2025-07-10T09:10:43","modified_gmt":"2025-07-10T06:10:43","slug":"battle-of-new-yorks-toniest-thoroughfares-fifth-vs-park-avenue","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/12\/22\/battle-of-new-yorks-toniest-thoroughfares-fifth-vs-park-avenue\/","title":{"rendered":"Battle of New York’s Toniest Thoroughfares: Fifth vs Park Avenue"},"content":{"rendered":"

Manhattan’s Fifth Avenue may be indisputably the world’s Upper East Side, are two of New York City’s toniest thoroughfares, and have been battling for the crown of the city’s most expensive residential street for almost forever. Most of the time Fifth Avenue claimed the top spot.<\/p>\n

In the past seven years, on five occasions Fifth Avenue came out as the most expensive of the two, but Park Avenue has made up ground particularly in the past two years, reducing a difference of as much as 44% in 2008 to 11% in 2011. Furthermore, in 2011, Park Avenue real estate was pricier than that of Fifth Avenue in three of the year’s four quarters.<\/p>\n

230 sales took place on Park Avenue in 2011, half of them being sold for more than $2.5 million. There were far fewer sales on Fifth Avenue (133) in 2011, but the storied avenue saw some of the largest sales in the city, among them a $36 million sale of a duplex<\/a> at 834 Fifth Avenue<\/a> and a $34.6 million sale of a co-op<\/a> at 927 Fifth Avenue<\/a>.<\/p>\n

\"Median<\/a>

Median Sale Price: Fifth Avenue vs Park Avenue<\/p><\/div>\n

Most expensive properties currently on the market on Fifth and Park avenues:<\/p>\n

740 Park Avenue #12\/13CD<\/a> – $60,000,000
\n973 Fifth Avenue<\/a> – $49,000,000
\n502 Park Avenue #PH22 <\/a>– $33,000,000
\n640 Park Avenue 8FL<\/a> – $29,000,000
\n960 Fifth Avenue #10\/11B<\/a> – $27,775,000<\/p>\n","protected":false},"excerpt":{"rendered":"

Fifth and Park avenues, the stretches between 59th and 96th streets on the Upper East Side, are two of New York City’s toniest thoroughfares, and have been battling for the crown of the city’s most expensive residential street for almost forever. Most of the time Fifth Avenue claimed the top spot.<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89,328],"tags":[486,487,488],"class_list":["post-6892","post","type-post","status-publish","format-standard","hentry","category-manhattan-real-estate","category-new-york-real-estate","tag-fifth-avenue-real-estate","tag-park-avenue-real-estate","tag-upper-east-side-real-estate"],"yoast_head":"\nBattle of New York's Toniest Thoroughfares: Fifth vs Park Avenue - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/12\/22\/battle-of-new-yorks-toniest-thoroughfares-fifth-vs-park-avenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Battle of New York's Toniest Thoroughfares: Fifth vs Park Avenue\" \/>\n<meta property=\"og:description\" content=\"Fifth and Park avenues, the stretches between 59th and 96th streets on the Upper East Side, are two of New York City's toniest thoroughfares, and have been battling for the crown of the city's most expensive residential street for almost forever. Most of the time Fifth Avenue claimed the top spot.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/12\/22\/battle-of-new-yorks-toniest-thoroughfares-fifth-vs-park-avenue\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-22T15:19:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-10T06:10:43+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2011\/12\/Fifth-Avenue_vs_Park-Avenue.jpg\" \/>\n<meta name=\"author\" content=\"PropertyShark Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PropertyShark Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Battle of New York's Toniest Thoroughfares: Fifth vs Park Avenue - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/12\/22\/battle-of-new-yorks-toniest-thoroughfares-fifth-vs-park-avenue\/","og_locale":"en_US","og_type":"article","og_title":"Battle of New York's Toniest Thoroughfares: Fifth vs Park Avenue","og_description":"Fifth and Park avenues, the stretches between 59th and 96th streets on the Upper East Side, are two of New York City's toniest thoroughfares, and have been battling for the crown of the city's most expensive residential street for almost forever. 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