Buy with Yoreevo
$27,391,000
List Price: $27,950,000
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988 Fifth Avenue #PH
Condo in Upper East Side •  building info
3bd • 3.5ba
Buy with Yoreevo

$27,391,000

List Price

$27,950,000

Key Details
Days on market
18
Last price change
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Estimated payment
$160,804/mo
Taxes
Common charges
$7,384/mo
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.

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Important Stuff
Elevator
Washer/Dryer in unit
Full Time Doorman
Cats and Dogs allowed
Home features
Central Air
Dishwasher
Hardwood floors
Fireplace

Gas

Private outdoor space

Balcony, Roof Deck, Terrace

View

City, Park, Skyline

Building amenities
Services and facilities
Concierge
Live In Super
Storage

Locker/Cage

Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$27,950,000
Asking Price: $27,950,000
Term
30 Years
Down Payment
$2,795,000 (10%)
Min: 10% (2,795,000)
Rate
6.0 %
Mortgage Amount
$25,155,000
Mortgage Payment
$150,817
Common Charges
$7,384
Taxes
$2,603
Estimated Yoreevo rebate
$559,000
Estimated closing cost
$1,698,000
Total monthly cost $160,804
Buy your dream home with us and get an estimated $559,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Corcoran Group

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