See Home Value
$20,000,000
Co-op - Off Market

998 5TH AVE #56E

Manhattan, NY 10028
bedrooms
4 Beds
bathrooms
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.
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
4 Beds
4.5 Baths
-
$19,500,000 Aug 8, 2012
- Feb 5, 2021
$17,575/mo
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
House
4 Beds
6 Baths
6,300 ft²
$2,921/ft²
$18,400,000 Jun 30, 2017
$18,400,000 May 14, 2018
-
Co-op
5 Beds
5 Baths
-
$18,500,000 Nov 29, 2012
- Feb 5, 2021
$10,574/mo
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
Co-op
4 Beds
5 Baths
4,100 ft²
$4,378/ft²
$17,950,000 Sep 29, 2023
-
$11,474/mo
Co-op
4 Beds
5 Baths
-
$19,950,000 Sep 6, 2022
-
$25,060/mo
Condo
4 Beds
5 Baths
4,141 ft²
$4,045/ft²
$16,750,000 May 12, 2021
-
$14,410/mo
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
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
20181109 Unit 11W
11/09/2018
11W
4 Bed
6 Bath
-
$29,500,000
bedrooms
4 Bed
bathrooms
6 Bath
$22,000,000 -25.42%
08/23/2021
-
Serena Boardman
Sotheby's International Realty, Inc.
20150115 Unit 3W
01/15/2015
3W
3 Bed
6.5 Bath
-
$25,500,000
bedrooms
3 Bed
bathrooms
6.5 Bath
$21,000,000 -17.65%
02/05/2021
-
Bonnie Chajet
Coldwell Banker Warburg
20131003 Unit 56E
10/03/2013
56E
5 Bed
5.5 Bath
-
$16,500,000
bedrooms
5 Bed
bathrooms
5.5 Bath
$16,500,000
06/19/2014
Serena Boardman
Sothebys International Realty
20121129 Unit 1W
11/29/2012
1W
5 Bed
5 Bath
-
$18,500,000
bedrooms
5 Bed
bathrooms
5 Bath
$18,500,000
12/21/2012
Cornelia Eland
Stribling & Associates Ltd
20121101 Unit 56E
11/01/2012
56E
4 Bed
4 Bath
-
$20,000,000
bedrooms
4 Bed
bathrooms
4 Bath
$20,000,000
02/05/2021
-
Paula Delnunzio
Brown Harris Stevens Residential Sales LLC

Building Info

998 5th Ave. Corp. 998 5th Avenue, New York, NY 10028
  • 18 Units
More about this Building
998 5th Avenue
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