Amb. Bruce Gelb Sells UES Fifth Ave. Duplex After Slashing Price by $45M  - The Jewish Voice
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Monday, November 28, 2022

Amb. Bruce Gelb Sells UES Fifth Ave. Duplex After Slashing Price by $45M 

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Amb. Bruce Gelb Sells UES Fifth Ave. Duplex After Slashing Price by $45M

By: Benyamin Davidsons 


A diplomat has entered a contract to sell his lush duplex apartment for $20 million, after cutting the price tag by$45 million.


As reported by the NY Post, Ambassador Bruce Gelb is in contract to sell his Upper East Side home, at 1060 Fifth Ave.  He had first listed the apartment in 2016 for $65 million.  Recently he was last asking $20 million for the home, following a series of hefty price slashes and several broker swaps.  The co-op is on the 10th-floor and boasts seven-bedrooms and five bathrooms.  It has breath-taking views of Central Park and the Jacqueline Kennedy Onassis Reservoir.  The corner apartment has its own private elevator landing and opens to a gallery and living room with 11-foot ceilings and a woodburning fireplace. There is a library and a formal dining room which also features a fireplace and park views. There is private wing which houses the main bedroom suite with a dressing room and an ensuite bathroom.


There is a chef’s kitchen featuring a butler’s pantry.  There is also a staff area and laundry area.  “It’s a traditional, classic Carnegie Hill dream apartment for a family — in a low-key building,” said a source who took a tour of the pad.  Former sales of the unit include its purchase in 2008 by SAB Capital’s Scott Bommer for $46 million.  Bommer then flipped it just seven months later for $48.9 million.  Rumor has it that this recent sale still needs to be approved by the building’s board, “which is tough”, and that Gelb has already had higher offers over the years.


Gelb, a 95-year-old retired diplomat has a long list of prestigious positions including former Ambassador to Belgium and former commissioner for the United Nations. Gelb is also a businessman having retired as president of Clairol, which was founded by his father, and he served as former vice chairman of Bristol-Myers Squibb. The Yale graduate, a Republican, was a former prep school pal of President George H. W. Bush.


The prewar building, completed in 1928, was designed by renowned architect J. E. R. Carpenter.  The building offers 48 apartments spanning 14 floors, each with grand layouts and grand-scaled rooms.  Shared building amenities include a new, state-of-the-art gym, a lap pool, a half basketball court, golf simulator, full-time doorman, and private storage areas in the basement for each resident.


It’s prime location is on Museum Mile, just steps from the Guggenheim Museum and the Metropolitan Museum of Art, as well as plenty of posh retail boutiques, and restaurants.  The building in Carnegies Hill was converted in 1953. The side street entrance on the north corner of 87th Street also features “one of the most elegant lobbies on Fifth Avenue”, as per the listing on Street Easy.  The listing broker for the pad is Serena Boardman of Sotheby’s International Realty.


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