$20,000,000
●
Co-op -
Off Market
998 5TH AVE #56E
Manhattan, NY 10028
4 Beds
4 Baths
$25,390,591
RealtyHop Estimate
26.95%
Since Mar 1, 2021
NY-New York
Primary Model
About This Property
THE BUILDING
McKim, Mead and White's Italian Renaissance masterpiece.
"998 Fifth Avenue is New York's finest Italian Renaissance style apartment building," said New York Landmark's Preservation Commission when conferring Landmark status in 1974. Its developer, James T. Lee, the grandfather of Jacqueline Kennedy Onassis, chose the firm McKim, Mead & White, to meet the challenge of enticing the occupants of nearby mansions into the Italian Renaissance style structure he envisioned. McKim, Mead & White were at the helm of the City Beautiful Movement at the turn of the 20th century, with nearly 75 of their buildings designated as New York City Landmarks.
The vision of McKim, Mead, & White was to reinterpret the elements in the grandest mansions of the day, many of which they designed, and place them in a vertical arrangement as superb in its way as their previous homes. The result has never been duplicated: there was a lobby in Italian marble, hallways in Tennessee marble, elevators in French walnut, silver safes, huge refrigerators, separate storage rooms, separate wine cellars, massive entertaining spaces, numerous servants rooms. Even the interior courtyard is lined with stone rather than brick for an improved view. The land and construction cost $3 million in 1920, an unheard of figure for an apartment building of the day. The cost of one floor at 998 Fifth Avenue would have paid for an entire building of the time.
THE DUPLEX APARMENT
The only duplex available now in 998 Fifth Avenue, this 12-room masterpiece has the separation of a townhouse within the opulence of an incomparable apartment building. All the original details have been retained and artfully restored: leaded glass windows with original color medallions, a two-story stained glass work of art, 100 year-old paneling, and antique fireplace mantels. In addition to restoration, all systems have been renovated to the highest modern standards and the space is in mint condition. The Fifth Floor entry level opens to an elegant gallery, powder room, and a massive corner living room with a wood-burning fireplace that incorporates the space of the former library. The corner formal dining room also has a wood burning fireplace. Beyond is the pantry and gourmet fitted eat-in windowed kitchen. This wing includes a full laundry, a double staff room with full bath, and an additional staff bedroom.
An elegant curved stair is highlighted by a stained-glass window positioned between the floors, lit by a single light creating a luminous accent at night. Measuring 12' x 18', the upper gallery is equally gracious as the entry below. The corner master bedroom suite features an massive walk-in closet with custom shelving, two windows facing south, two windows facing east, and two full baths, one with a large bathtub, the other with a stall shower. There are two linen closets on the main corridor which leads to two additional bedrooms, each with en-suite baths and ample closet space. Convertible to a fourth bedroom as it features a half bath which can be altered to a full one, the stunning corner library features two exposures, a third wood-burning fireplace, and custom-built closets. This apartment also includes two storage spaces and a temperature-controlled wine cellar in the basement.
Without comparison, a rare find.
McKim, Mead and White's Italian Renaissance masterpiece.
"998 Fifth Avenue is New York's finest Italian Renaissance style apartment building," said New York Landmark's Preservation Commission when conferring Landmark status in 1974. Its developer, James T. Lee, the grandfather of Jacqueline Kennedy Onassis, chose the firm McKim, Mead & White, to meet the challenge of enticing the occupants of nearby mansions into the Italian Renaissance style structure he envisioned. McKim, Mead & White were at the helm of the City Beautiful Movement at the turn of the 20th century, with nearly 75 of their buildings designated as New York City Landmarks.
The vision of McKim, Mead, & White was to reinterpret the elements in the grandest mansions of the day, many of which they designed, and place them in a vertical arrangement as superb in its way as their previous homes. The result has never been duplicated: there was a lobby in Italian marble, hallways in Tennessee marble, elevators in French walnut, silver safes, huge refrigerators, separate storage rooms, separate wine cellars, massive entertaining spaces, numerous servants rooms. Even the interior courtyard is lined with stone rather than brick for an improved view. The land and construction cost $3 million in 1920, an unheard of figure for an apartment building of the day. The cost of one floor at 998 Fifth Avenue would have paid for an entire building of the time.
THE DUPLEX APARMENT
The only duplex available now in 998 Fifth Avenue, this 12-room masterpiece has the separation of a townhouse within the opulence of an incomparable apartment building. All the original details have been retained and artfully restored: leaded glass windows with original color medallions, a two-story stained glass work of art, 100 year-old paneling, and antique fireplace mantels. In addition to restoration, all systems have been renovated to the highest modern standards and the space is in mint condition. The Fifth Floor entry level opens to an elegant gallery, powder room, and a massive corner living room with a wood-burning fireplace that incorporates the space of the former library. The corner formal dining room also has a wood burning fireplace. Beyond is the pantry and gourmet fitted eat-in windowed kitchen. This wing includes a full laundry, a double staff room with full bath, and an additional staff bedroom.
An elegant curved stair is highlighted by a stained-glass window positioned between the floors, lit by a single light creating a luminous accent at night. Measuring 12' x 18', the upper gallery is equally gracious as the entry below. The corner master bedroom suite features an massive walk-in closet with custom shelving, two windows facing south, two windows facing east, and two full baths, one with a large bathtub, the other with a stall shower. There are two linen closets on the main corridor which leads to two additional bedrooms, each with en-suite baths and ample closet space. Convertible to a fourth bedroom as it features a half bath which can be altered to a full one, the stunning corner library features two exposures, a third wood-burning fireplace, and custom-built closets. This apartment also includes two storage spaces and a temperature-controlled wine cellar in the basement.
Without comparison, a rare find.
Unit Size
-
Days on Market
3019 days
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$11,049
Year Built
1912
Last updated: 5 months ago ( #RPLU-2191735509)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 19, 2014 | Sold to Leonard Laufer, Terry Gushn... | $16,500,000 | |
Sold to Leonard Laufer, Terry Gushn... | |||
Oct 3, 2013 | Listed | $22,000,000 | |
Listed | |||
|
|||
Sun filled and elegant 14 into l2 room duplex in a highly regarded
limestone McKim, Mead & White designed building. The beautifully
scaled rooms are perfectly suited to the grandest entertaining. The
expansive Gallery features a sweeping staircase and opens onto the
massive Living Room and a lovely Dining Room, both with corner
exposures and enormous fireplaces. The original Library is easily
restored, but is currently part of the L-shaped Living Room. The
sun flooded Eat-in Kitchen…
|
|||
Dec 18, 2012 | Sold to Herbert J Siegel, Jeanne So... | $18,500,000 | |
Sold to Herbert J Siegel, Jeanne So... | |||
Nov 1, 2012 | Listed by Brown Harris Stevens Residential Sales LLC | $20,000,000 | |
Listed by Brown Harris Stevens Residential Sales LLC | |||
Aug 7, 2006 | Sold to Constance J Milstein | $15,750,000 | |
Sold to Constance J Milstein |
Property Highlights
Doorman
Elevator
Interior Details
Room Information
Rooms: 12
Exterior Details
Property Information
Property Condition: Good
PropertySubType: Apartment
Building Information
Building Name: 998 5TH AVE CORP
Financial Details
Flip Tax Remarks: None
Tax Deduction Percent: 35
Location Details
Association Fee: $11,049
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Co-op
4
Beds
6
Baths
-
$22,000,000
Nov 9, 2018
$22,000,000
Aug 23, 2021
$22,125/mo
Condo
4
Beds
4.5
Baths
5,523 ft²
$4,074/ft²
$22,500,000
Sep 5, 2014
-
Feb 5, 2021
$7,827/mo
Sold
House
4
Beds
6
Baths
6,300 ft²
$2,921/ft²
$18,400,000
Jun 30, 2017
$18,400,000
May 14, 2018
-
Condo
5
Beds
6
Baths
6,149 ft²
$2,683/ft²
$16,500,000
Aug 13, 2019
$16,500,000
Apr 23, 2021
$20,672/mo
Active
Co-op
4
Beds
5
Baths
4,100 ft²
$4,378/ft²
$17,950,000
Sep 29, 2023
-
$11,474/mo
In Contract
Condo
4
Beds
5
Baths
4,141 ft²
$4,045/ft²
$16,750,000
May 12, 2021
-
$14,410/mo
Active
Townhouse
4
Beds
6
Baths
9,200 ft²
$2,120/ft²
$19,500,000
Oct 9, 2023
-
$8,357/mo
Co-op
5
Beds
6
Baths
4,400 ft²
$4,432/ft²
$19,500,000
Feb 13, 2024
-
$15,244/mo
In Contract
Condo
5
Beds
6
Baths
5,086 ft²
$3,931/ft²
$19,995,000
Nov 29, 2023
-
$11,439/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/09/2018
|
4 Bed
|
6 Bath
|
-
|
$29,500,000
4 Bed
6 Bath
|
$22,000,000
-25.42%
08/23/2021
|
-
|
Serena Boardman
Sotheby's International Realty, Inc.
|
|
01/15/2015
|
3 Bed
|
6.5 Bath
|
-
|
$25,500,000
3 Bed
6.5 Bath
|
$21,000,000
-17.65%
02/05/2021
|
-
|
Bonnie Chajet
Coldwell Banker Warburg
|
|
10/03/2013
|
5 Bed
|
5.5 Bath
|
-
|
$16,500,000
5 Bed
5.5 Bath
|
$16,500,000
06/19/2014
|
Serena Boardman
Sothebys International Realty
|
||
11/29/2012
|
5 Bed
|
5 Bath
|
-
|
$18,500,000
5 Bed
5 Bath
|
$18,500,000
12/21/2012
|
Cornelia Eland
Stribling & Associates Ltd
|
||
11/01/2012
|
4 Bed
|
4 Bath
|
-
|
$20,000,000
4 Bed
4 Bath
|
$20,000,000
02/05/2021
|
-
|
Paula Delnunzio
Brown Harris Stevens Residential Sales LLC
|
Building Info
About Upper Manhattan
Similar Homes for Sale
$19,500,000
- 5 Beds
- 6 Baths
- 4,400 ft²
$19,500,000
- 4 Beds
- 6 Baths
- 9,200 ft²