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  • $27,950,000

    988 5th Ave #Penthouse, New York, NY 10075

    3beds
    --sqft
    Loading
    Condominium
    Built in 1926
    -- sqft lot
    $27,442,700 Zestimate®
    $--/sqft
    $7,384/mo HOA

    What's special

    Additional guest suiteFloor-to-ceiling windowsIrreplaceable central park viewsWraparound rooftop terracePrewar condominium buildingTwo exceptional bedroom suitesAutomated irrigation
    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.
    67 days
    |
    2,806
    |
    147
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Corcoran 347-526-3308,

    Noble Black,

    Jennifer Stillman

    Source: StreetEasy,MLS#: S1828510

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer/Dryer
      Features
      • Flooring: Hardwood
      • Has fireplace: Yes
      • Fireplace features: Gas
      Video & virtual tour

      Property

      Features
      • Patio & porch: Other, Deck, Terrace
      • Exterior features: Balcony, Private Roof Deck, Terrace
      • Has view: Yes
      • View description: City, Park/Greenbelt, Skyline
      Details
      • Parcel number: 014911413
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Condition
      • Year built: 1926

      Community & HOA

      Community
      • Features: Doorman, Full Time Doorman
      • Security: Doorman, Full-Time Doorman
      • Subdivision: Upper East Side
      HOA
      • Has HOA: Yes
      • Amenities included: Roof Deck, Elevator(s), Concierge
      • Services included: Maintenance
      • HOA fee: $7,384 monthly
      Location
      • Region: New York

      Financial & listing details

      • Tax assessed value: $601,560
      • Annual tax amount: $31,236
      • Date on market: 5/20/2026

        Estimated market value

        $27,442,700

        $26.07M - $28.81M

        $9,058/mo

        Price history

        DateEventPrice
        6/5/2026Listed for rent$95,000-5%
        Source: Zillow Rentals Report a problem
        5/20/2026Listed for sale$27,950,000-3.6%
        Source: StreetEasy #S1828510 Report a problem
        4/10/2026Listing removed$100,000
        Source: Zillow Rentals Report a problem
        8/1/2025Listed for sale$29,000,000+5701.2%
        Source: StreetEasy #S1781408 Report a problem
        6/21/2025Listed for rent$100,000
        Source: Zillow Rentals Report a problem
        6/10/2025Listing removed$100,000
        Source: Zillow Rentals Report a problem
        11/2/2024Listed for rent$100,000+11.1%
        Source: Zillow Rentals Report a problem
        10/19/2024Listing removed$90,000
        Source: Zillow Rentals Report a problem
        4/10/2024Listed for rent$90,000-10%
        Source: Zillow Rentals Report a problem
        4/1/2024Listing removed--
        Source: Zillow Rentals Report a problem
        6/24/2023Listed for rent$100,000+25%
        Source: Zillow Rentals Report a problem
        7/14/2021Listing removed--
        Source: Zillow Rental Network_1 Report a problem
        2/16/2021Price change$80,000-20%
        Source: Zillow Rental Network_1 Report a problem
        3/10/2020Listed for rent$100,000
        Source: Corcoran Report a problem
        6/2/2004Sold$499,900-75%
        Source: Public Record Report a problem
        2/15/2001Sold$2,000,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$31,391 +0.7%$270,702 +6.3%
        2024$31,175 +0.6%$254,628 +1.7%
        2023$30,976 $250,308 +1.9%
        2022-- $245,592 -1.7%
        2021-- $249,750 -9.7%
        2020-- $276,624 +2.3%
        2019$25,226 -14.7%$270,396 +5%
        2018$29,570 +3.5%$257,598 +8.3%
        2017$28,569 +1.9%$237,762 +2.2%
        2016$28,036 $232,650 +2.3%
        2015$28,036 +93.6%$227,340 +4.8%
        2014$14,483 $216,972 +4.1%
        2013-- $208,386 +3.2%
        2012-- $202,014 -2.6%
        2011-- $207,486 +11.9%
        2010-- $185,400 +12.2%
        2009-- $165,240
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Upper East Side

        Getting around

        97 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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