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Take advantage of the retreat and snap up a Fifth Avenue apartment. That's a common goal among many high net worth clients. So what is Fifth Avenue and why is it so coveted? Fifth Avenue in Manhattan New York stretches from Washington quadrate Park to 142 St. The high end sell shop - Prada, Louis Vuitton, Cartier, Saks - are lined on 5th Avenue between 49 road and 60 St. At 60th Street, there's a flagship Apple store, Faq Schwartz toy store and over 5th Avenue, the previous Plaza Hotel. The Trump Tower, made paramount in The Apprentice on Nbc, is on this stretch as well.

The New York Times quoted that Fifth Avenue combines the best of city, country (Central Park) and culture. Also that it feels like Paris at night because of how quiet it becomes. The most prestigious section of Fifth Avenue is the part facing Central Park in the Upper East Side. Within this section, the ones facing the Central Park reservoir are perhaps the most expensive.

In the late 19th and 20th century, mansions were built for the Astors, Vanderbilts, Post, Hutton and Carnegie. The Andrew Carnegie house at 2 East 91 road was converted to the Cooper Hewitt Museum. Apartment living only became suitable for the wealthy after 1910. That was when architects like Roasario Candela, Emery Roth and James Carpenter built grand apartments on Fifth Avenue. Apartments with high ceilings, fireplaces, grand stairs and huge rooms.

Most apartments on Fifth Avenue are pre-war coops. The most paramount is perhaps 820 Fifth Avenue (picture) which only has 12 floors with one apartment per floor. Probably one of the grandest addresses in the world. The most up-to-date transaction was the 12th floor which sold for million in 2009. To be a resident at one of these ultra prestigious structure often requires all cash purchase, collective and company references and even liquid assets of 0 million.

Within the past few years, new condo structure came up on Fifth Avenue in the 40s and 30s together with 425 Fifth Avenue. Designed by Michael Graves, 425 Fifth currently has a 1 bedroom asking million and a 2 bedroom asking .7 million with an midpoint price of 00 per quadrate foot.

Trump Tower, the Apprentice construction on 56 Street, ranges from .7 million for a 1 bedroom to .5 million for a 3 bedroom. Having a Fifth Avenue apartment is certainly a badge of pride. Doesn't have to be a Rosario Candela construction facing Central Park because covering of the Manhattan high end broker or elite circle, I doubt anyone would know. International clients ask for Fifth Avenue apartments because in most elite societies nearby the world, habitancy will know the Fifth Avenue address and join together it with accomplishment, reputation and wealth.