988 5TH Avenue #PH, Manhattan, NY 10075
988 5TH Avenue #PH, Manhattan, NY 10075
988 5TH Avenue #PH, Manhattan, NY 10075
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Listing Courtesy of Corcoran Group
$27,950,000
Est. payment /mo
3 Beds
4 Baths
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Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Subdivision Upper East Side

MLS Listing ID RLS20092420

Bedrooms 3

Full Baths 4

HOA Fees $7,384/mo

HOA Y/N Yes

Year Built 1925

Property Sub-Type Condo

Property Description

Fifth Avenue's Most Exclusive Duplex Penthouse Condominium Residence

Perched atop one of the few true prewar condominium buildings on Fifth Avenue, this extraordinary duplex penthouse commands sweeping views over Central Park. Designed in 1926 by renowned architect J. E. R. Carpenter, the Italian Renaissance-style building is widely regarded as one of Fifth Avenue's premier boutique condominiums and has counted notable residents including Grace Kelly among its distinguished history. Comprised of just fourteen full-floor residences, each accessed via private elevator landing, the building offers a rare level of privacy, scale, and discretion seldom found in Manhattan.

Encompassing approximately 6,000 square feet of combined interior and exterior living spaces across two dramatic levels, including expansive landscaped terraces, the residence was custom created to be an exceptional private retreat above Central Park. Floor-to-ceiling windows and sliding glass doors seamlessly connect the interiors to the outdoor spaces while framing breathtaking, permanently protected park views.

Designed to accommodate both grand-scale entertaining and intimate daily living, the main level features an oversized corner living room centered around a dramatic double-sided fireplace, a formal dining room, and a skylit stainless-steel chef's kitchen - each opening directly onto the terrace. Two exceptional bedroom suites complete this level, including a spectacular primary suite overlooking Central Park, appointed with a hammam spa, soaking tub, and bespoke mahogany dressing room upholstered in cashmere. A private wellness retreat, complete with a gym, sauna, spa, and direct terrace access, is accessible via a sculptural spiral staircase.

Ascending from the dining room, an additional guest suite opens onto a remarkable wraparound rooftop terrace featuring a covered pergola, wet bar, outdoor gym, multiple lounge and dining areas, and three outdoor showers. Thoughtfully landscaped for year-round enjoyment, the terraces create an atmosphere unlike any other residence along Fifth Avenue.

Throughout the home, architectural detailing has been meticulously considered, complemented by sophisticated infrastructure including dedicated mechanical rooms, independent water pumps, and museum-quality central air-conditioning systems. Automated irrigation and centralized lighting further enhance the terraces and gardens in every season.

Residents enjoy the discretion and white-glove service long associated with 988 Fifth Avenue, including a full-time doorman, live-in resident manager, and private storage. Recent capital improvements include a comprehensive facade restoration and modernization of both the passenger and service elevators.

Combining architectural pedigree, irreplaceable Central Park views, extraordinary outdoor living, and the flexibility of condominium ownership, this penthouse presents a rare opportunity to acquire one of New York City's most private and iconic residences.

Location

State NY

County New York

Building/Complex Name 988 5Th Ave Condo

Building 988 5th Avenue

Rooms

Basement Other

Interior

Interior Features Separate/Formal Dining Room

Fireplaces Number 1

Fireplaces Type Gas

Fireplace Yes

Appliance Dishwasher, Washer Dryer Allowed

Laundry Building None

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N Yes

View City Lights, City, Park/Greenbelt, Panoramic

Porch Wrap Around

Private Pool No

Building

Dwelling Type High Rise

Story 15

Entry Level Two

Level or Stories Two

New Construction No

Others

Pets Allowed Pets Allowed

Ownership Condominium

Monthly Total Fees $7, 384

Special Listing Condition Standard

Pets Allowed Building Yes, No


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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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