Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,999,000

Listed at $2,500,000 · Sold 20.0% below asking · Closed July 23, 2019

721 5th Avenue #56-B
Closed For Sale Condo

$2,500,000

$1,566 per sq ft

721 5th Avenue #56-B

Midtown, Manhattan

MLS® #RLS10019651

RLS at REBNY

Listing by New York Living Solutions

2

Bedrooms

2

Baths

1,596

Sq. Ft.

1983

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,596 sq ft
Year Built 1983
Ownership Condo
HOA/Common Charges $2,966/mo
Property Taxes $36,024/yr
Neighborhood Midtown
Floor 56

Property Highlights

  • Views: City, Park Greenbelt
  • Outdoor Space: Building Terrace
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 56
View City, Park Greenbelt
Cooling Central Air
Pets Yes
Cross Street East 56th Street
Year Built 1983
Living Area 1,596 sq ft

Listing History

Event Date Price Change
Listed Feb 7, 2018 $2,500,000 -
Price Reduced Jun 18, 2018 $2,995,000 +19.8%

Description

Perched high above the City in Trump Tower, Apt. 56B offers lots of space, corner rooms each with two walls of windows, spectacular City views, amazing light and great value. Originally a spacious 1,596 sq. ft. two bedroom, two bath, the owners conformed the space to allow for elegant, comfortable living and entertaining. As you enter the gracious entry foyer, you are drawn forward into the large corner living room, streaming with natural light from the oversized windows. The space opens through double doors to the east to a large corner formal dining room expanding the entertaining room and the spectacular views. Off of the foyer to the north is the kitchen. Also proceeding east off of the foyer, one enters the master bedroom suite where the owners have created a comfortable private entry/dressing area with one bath and a closet, proceeding on into the private corner chamber off of which is a discreetly positioned second bathroom and dressing area. The rooms are generously proportioned and also afford great privacy to the residents. The formal dining room, should one prefer, is readily returned to a proper bedroom with access to its own full bath. The apartment is priced to sell and represents great value for the space and views.





Features & Amenities

Interior Features

Common Area

Exterior Features

Building Terrace

Financial Details

Common Charges $2,966/mo
RE Taxes $36,024/yr ($3,002/mo)
Sale Price $1,999,000
Previous Price $2,995,000

Midtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every subway line in the system. Properties range from high-floor units with skyline panoramas to well-maintained co-ops along the tree-lined side streets east and west of Fifth Avenue.

Midtown Live Market Data

View Neighborhood

Active Listings

226

Median Asking Price

$1.91M

Median $/Sqft

$1,699

Avg Days on Market

N/A

New This Week

9

Price Reduced

35%

Sold (30 Days)

14

Median Sale Price

$1.45M

Live data from RLS at REBNY • Updated 6/2/26, 7:03 AM EST

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Location

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721 5th Avenue #56-B, Midtown, New York County • Near East 56th Street

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1983
Year Built
43 years old
58
Floors
230
Residential Units
C5-3
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $191,635,204
Land Value: $26,100,001
Exemptions: $139,227

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 19,450 SF
Building Area: 626,594 SF
Built FAR: 32.22
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $2,966 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $36,024, or roughly $3,002 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,596 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1983, making it approximately 43 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $2,500,000 for 1,596 sq ft, the asking price per square foot is approximately $1,566. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10019651
First Listed: 2/7/2018
Price Changed: 6/18/2018
Closed: 7/23/2019
Contract Date: 2/13/2019

Listing Courtesy of New York Living Solutions - Rana Williams

Listing Contact: (646) 442-6062

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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/2/2026 at 11:03 AM UTC

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