988 5th Avenue, Unit 12

988 5th Ave
Upper East Side

$16,750,000
Price
4
Beds
3
Baths
3,500 Sq. Ft.
$4,786 / Sq. Ft.
3,500
Sq. Ft.
$4,786
per Sq. Ft.
a living room with furniture and a chandelier
a living room with furniture chandelier and a table
a living room with furniture and a chandelier
a view of empty room with wooden floor and fan
a view of a livingroom with wooden floor and a fireplace
a view of empty room with window and wooden floor
a view of empty room with wooden floor and windows
a living room with a fireplace
a view of a city
a city view with tall buildings
a room with furniture and window
unknown
a view of a living room with a white wall and paintings on the wall

Description

In the heart of Manhattan's Upper Eastside on arguably the most coveted block, this lofty home is simply iconic. For those desiring Central Park and Manhattan skyline views, beautiful natural light and voluminous rooms - this 3500+ square foot home is unequalled. With a bird's eye view of Central Park, The Metropolitan Museum of Art, the George Washington Bridge and other notable buildings - the picturesque views are unsurpassed. Complementing the views the apartment features soaring 12+ foot ceiling...In the heart of Manhattan's Upper Eastside on arguably the most coveted block, this lofty home is simply iconic. For those desiring Central Park and Manhattan skyline views, beautiful natural light and voluminous rooms - this 3500+ square foot home is unequalled. With a bird's eye view of Central Park, The Metropolitan Museum of Art, the George Washington Bridge and other notable buildings - the picturesque views are unsurpassed. Complementing the views the apartment features soaring 12+ foot ceiling creating volume and space while oak flooring and wood burning fireplaces provide warmth and texture. From a private elevator landing, enter the apartment via a foyer, off which an enormous living room and library offer sweeping Central Park and iconic New York City skyline views. Along an impressive gallery leads to three bedrooms with ensuite baths. The dining room and spacious kitchen provide for elegant entertaining. The apartment is in need of some TLC so bring your architect and contractor. The condominium entrance is discretely located on quiet East 80th Street, one of the most beautiful mansion-lined blocks on the Upper East Side Historic District. There is a full-time door person, live-in Resident Manager, and the apartment includes a basement storage cage. Pets are welcome. With only thirteen apartments, residents enjoy the highest level of service, privacy and security. Historical ProvenanceTHIS IS A SPECIAL DELIMITER SENTENCE. Historical ProvenanceTHIS IS A SPECIAL DELIMITER SENTENCE - 988 Fifth Avenue is built on the previous site of Hugh A. Murray (988) and Nicholas F. Brady (989) townhomes. The townhomes were demolished and the building, 988 Fifth Avenue, was designed in 1925 by James E. R. Carpenter and built by Dwight P. Robinson & Company. James E. R. Carpenter is named by the New York Times as "The Architect Who Shaped Upper Fifth Avenue" and "the father of the modern large apartment in New York City". The building is 13-story tall and comprise of one apartment per floor. The 12th and 13th floor PENTHOUSE was built for Ms. Syliva Green Wilks, the daughter to Hetty Green, "the richest woman in America" at that time. Hetty is noted to have save J. P. Morgan's bank during the Panic of 1907, writing out a check for $1.1 million (50 times that in today's marketplace). And more than once the City of New York called on Hetty to keep the city solvent. Syliva resided in the PENTHOUSE at 988 Fifth Avenue - the 12th floor consisted of all the entertaining space - drawing room, dining room, hall, library, kitchen, servant's hall and a maid's room; while the 13th floor were the chambers, consisting of 3 bedrooms, dressing room, sitting room and four maid's room. Syliva exchanged the penthouse unit for the 3rd and 4th floor in the building where she resided on the 3rd floor and used the 4th floor as storage. Syliva passed in 1951, leaving an estate worth $90 million (approximately $990 million in 2021) which was distributed amongst 63 charities including colleges, libraries, hospitals and churches. Records indicate that the duplex Penthouse at 988 Fifth Avenue was split in two floors in 1949. Also of note, the American actress, Grace Kelly resided in the building in the 1950's just before she left for Monaco to marry Prince Rainier of Monaco. To conclude, the building was converted to a condominium in 1979 and there has only been two deeded owner of the unit.

Property Details for 988 5th Avenue, Unit 12

Zoning
R10
View
Bridges, City, CityLights, Panoramic
LISTING UPDATED: 11/13/2024 01:23 PM

Property Details for 988 5th Avenue, Unit 12

StatusActive
MLS IDRPLU-5123025628
Days on Market183
Taxes$5,118 / month
Common Charges$7,380 / month
Min. Down Pymt1%
Total Rooms11.0
Compass TypeCondo
MLS TypeCondo
Year Built1925
CountyNew York County

Building

988 5th Ave

13 Units13 StoriesBuilt in 1925

Building Information for 988 5th Avenue, Unit 12

Building/Complex988 5th AveFloor-Stories13Residences13Pet Policy-Year Built1925Building AgePre-warBuilding TypeMidrise

Property Information for 988 5th Avenue, Unit 12

Summary
Location and General Information
  • Subdivision Name: Upper East Side
  • Stories Total: 15
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 1411
  • Tax Deduction Percent: .00%
  • Tax Block: 01491
  • Flip Tax Type: Dollars
  • Association Fee Frequency: Monthly
  • Flip Tax: $2
  • Building Tax Lot: 7502
  • Tax Monthly Amount: 5118.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 3500.0
  • Living Area Units: SquareFeet
  • Building Name: 988 5TH AVE CONDO
Building Information
  • Building Features: Storage
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
  • Building Pets Allowed Comments: Pets Allowed
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: HighRise
  • Property Condition: Fair
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Cooling: Other
  • Entry Level: 12
  • Appliances: WasherDryerAllowed
  • Fireplace Features: Other
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Kitchen Condition: Poor
  • Floor Number: 12
  • Basement: No
  • Cooling: No
  • Laundry Features: WasherHookup, InUnit
  • Ceiling Height Units: Feet
  • Ceiling Height: 12.0
  • Bathroom Condition: Fair
  • ElevatorsTotal: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 15
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: DoormanFullTime
  • Land Lease: No
  • Pets Allowed Comments: Pets Allowed

Property History for 988 5th Avenue, Unit 12

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 988 5th Avenue, Unit 12

Taxable ValueLand$108,000Additions$401,256Total$509,256
Home Facts
Total Finished SqFt3,140 SqFtLot Size5,100 SqFtYear Built1925ZoningR10APN1014911411

Schools near 988 5th Avenue, Unit 12

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 6 Lillie D Blake
Public - PK to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 167 Robert F Wagner
Public - 6 to 8
Rating
School
Distance
P.S. 6 Lillie D Blake
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 988 5th Avenue, Unit 12, Upper East Side

988 5th Avenue, Unit 12 is a condo for sale in Upper East Side. This property was listed for sale on May 22, 2024 by Douglas Elliman Real Estate, it's currently listed at $16,750,000. It has been on the market for a total of 183 days and was last sold on April 22, 2022. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 6 Lillie D Blake, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 988 5th Avenue, Unit 12 is a 4-bed, 3-bath, 3,500 sqft condo built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.