$29,000,000
Updated 4 months ago
Off Market

988 Fifth Ave, PH

Upper East Side, Manhattan | East 79th Street & East 80th Street

7.5 Rooms3 Beds3.5 Baths3,000 Square FeetCondo

$29,000,000
Common Charges$7,350
RE Taxes$2,500
Price Per SF
$9,667

Listing Features

  • Abundant Closets
  • BuiltIns
  • Carpeted MBR
  • Corner Apartment
  • Deco Fireplace
  • Dressing Area
  • Duplex
  • Entry Foyer
  • Floor-Through
  • Formal Dining Room
  • Full Floor
  • Gas Fireplace
  • Hardwood Floors
  • Home Office
  • Penthouse/Top Flr
  • Pocket Doors
  • Private Elevator
  • Security System
  • Storage Closet
  • Track Lighting
  • Walk-in Closet
  • Flr-to-Clg Windows
  • New Windows
  • Skylights
  • Thermopane Windows
  • Dishwasher
  • Gourmet Kitchen
  • Open Kitchen
  • Windowed Kitchen
  • Bidet
  • En Suite Bathroom
  • Marble Bathroom
  • Powder Room
  • Sauna
  • Stall Shower

Outdoor space and views

  • Terrace
  • Wrap Terrace
  • Central Park
  • City Views
  • Skyline Views
  • East Exposure
  • North Exposure
  • West Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Elevator
  • Laundry Room
  • Storage

Policies

  • Pets Allowed

Property Description for 988 Fifth Ave, PH

Irreplaceable Duplex Penthouse in Boutique J.E.R. Carpenter-Designed Condominium Fifth Avenue & 80th Street

Perched atop a landmark Italian Renaissance-style prewar condominium designed by J.E.R. Carpenter and built in 1926, this one-of-a-kind duplex penthouse occupies an iconic location at Fifth Avenue and 80th Street-directly across from the Metropolitan Museum of Art-with sweeping, protected views of Central Park.

Set within a discreet white-glove boutique condominium of just 14 full-floor residences, each accessed via private elevator landing, the building is the most established among the few prewar condominiums on Fifth Avenue. Once home to the legendary Grace Kelly, it carries a legacy of timeless elegance and cultural distinction. The penthouse offers a rare chance to own a truly irreplaceable trophy property-one with panoramic views that can never be obstructed. Exceptional seclusion and security provide total privacy, both within the residence and the building itself.

Spanning two full floors, the home features over 3,000 square feet of park-facing outdoor space, seamlessly integrated with both Central Park and the interior living areas. Floor-to-ceiling windows frame unobstructed views of the park and skyline, offering breathtaking sunsets and a magnificent setting for entertaining.

The main level offers a gracious layout with a corner living room, formal dining room, chef's kitchen, and two bedroom suites. The primary suite includes a spa-style bath with Jacuzzi tub, private hammam, and a custom mahogany and cashmere-upholstered dressing room. The second bedroom is a private guest suite with direct terrace access and an en-suite bath featuring a skylight that infuses the space with natural light. A wraparound terrace completes the floor, accommodating outdoor dining for over twenty guests along with lounging and entertaining areas.

The upper level includes a third bedroom-currently configured as a guest suite-alongside a fully equipped gym with sauna and private hammam. This level opens to a spectacular wraparound terrace with multiple dining and lounging zones, an outdoor bar, a covered pergola, and a self-sustaining seasonal herb garden. Three private outdoor showers serve the primary suite, gym, and upper guest suite, respectively.

Dedicated mechanical rooms house independent water pumps and a museum-quality central air conditioning system, ensuring year-round comfort and efficiency throughout the penthouse.

Additional highlights include:

- Two private hammams (primary suite and upper guest suite)

- Impeccably landscaped terraces with automated irrigation and centrally controlled lighting

- A refined, quiet setting in one of the Upper East Side's most intimate and prestigious condominiums

The building has recently completed modernization of both passenger and service elevators and a full LL11 facade restoration.

This Fifth Avenue penthouse is a singular opportunity-an extraordinary residence of architectural pedigree, enduring quality, and unmatched privacy. With exceptional outdoor space, landmark views, and the rare flexibility of prewar condominium living, it stands among New York City's most coveted homes.

Video Walkthrough


Building Details for 988 Fifth Ave

OwnershipCondo
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1925
Financing Allowed90%
Floors/Apts14/12
Learn More About the Building

Transit and Citi Bike

Subway

77 St
0.31 miles
86 St
0.42 miles

Citi Bike

5 Ave & E 78 St
0.1 miles
Madison Ave & E 82 St
0.13 miles

Contact Agents

Contact Agents

Licensed As
Leighton C Candler
Associate Broker
License#:
10301223229
Company:
Corcoran
Licensed As
Jennifer A Reardon
Associate Broker
License#:
10301223216
Company:
Corcoran
Licensed As
Rachel Brandeis
Salesperson
License#:
10401369604
Company:
Corcoran

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 174229