Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $14,625,000

· Closed April 22, 2022

988 5TH Avenue #12THFL
Closed For Sale Condo

$14,625,000

$4,301 per sq ft

988 5TH Avenue #12THFL

Upper East Side, Manhattan

988 5Th Ave Condo

MLS® #RLS10821526

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

3

Bedrooms

3

Baths

3,400

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 3,400 sq ft
Year Built 1925
Ownership Condo
HOA/Common Charges $6,900/mo
Property Taxes $61,272/yr
Neighborhood Upper East Side
Floor 12 of 15

Property Highlights

  • Exposure: North,South,West facing
  • Style: Prewar architecture
  • Character: Pre-war building (1925)

Property Details

Type Condo
Ownership Condominium
Total Rooms 9
Baths 3 Full
Floor 12 of 15
Exposure North,South,West
Pets Yes
Cross Street 5 AVENUE and MADISON AVENUE
Year Built 1925
Living Area 3,400 sq ft
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Apr 16, 2021 $18,800,000 -
Price Reduced Apr 22, 2022 $16,950,000 -9.8%
Currently May 10, 2026 $14,625,000 -13.7%

Description

FIFTH AVE /80th St. - FULL FLOOR CONDOMINIUM

This stunning and impressive full floor 3,400 square foot prewar condominium residence boasts commanding open views over Central Park and the Manhattan skyline. The home occupies the entire twelfth floor which was specifically designed by the developer for grand entertaining.

The massive entertainment rooms have soaring 12+ foot ceilings throughout and the grand 26' x 28' square living room, with wood burning fireplace, takes full advantage of its perch. With multiple oversize west and north-facing windows, it is one of the most extraordinary living rooms ever built on Fifth Avenue. Its corner position commands spectacular views of Central Park, the entire West Side, and Midtown skyline. The living room also has open northern views over the Metropolitan Museum of Art and north along Fifth Avenue. The entire room is bathed in natural light all day, sunsets at dusk, and twinkling lights in the evening.

A gracious and elegant 18' x 23' corner formal dining room/library with large west-facing windows has an impressive south-facing window with wonderful views down Fifth Avenue to Midtown and all the way south to the Freedom Tower. The dining room opens to the living room for seamless entertaining and flow. We believe there is a hidden wood burning fireplace in the center of the southern wall of the dining room.

The private east wing of the apartment includes 3 bedrooms and 2 full bathrooms. The generous primary bedroom suite has three exposures, east, north and south, and may also have a hidden fireplace. All the bedrooms have 10'6" ceiling heights.

Currently there is a large 16' X 11' eat-in kitchen and a separate breakfast area, as well as two staff rooms, and one staff bathroom. This wing of the home enjoys ample morning sun from the east.

Designed by J.E.R. Carpenter a premier architect of luxury residential high rise buildings in the 1920's, and built in 1926, the elegant and intimate 988 Fifth Avenue is located on the southeast corner of 80th Street and Fifth Avenue, just south of the Metropolitan Museum of Art. The attractive exterior architecture of the building is notable for its three story rusticated limestone base, ornate decorative work below the fifth floor windows, and classic rope design decorative work at the building's corners. Over the years 988 Fifth Avenue has had its share of notable tenants including Grace Kelly who resided there in the 1950's just before she left for Monaco,

The condominium entrance is discretely located on quiet East 80th Street, one of the most beautiful mansion-lined blocks in the Upper East Side Historic District. There is a full time door person, live-in Resident Manager, and the apartment includes a basement storage cage. Pets are welcome. With only twelve full floor residences and one penthouse home, residents enjoy the highest level of service, privacy and security.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $6,900/mo
RE Taxes $61,272/yr ($5,106/mo)
Original Price $18,800,000
Sale Price $14,625,000
Previous Price $16,950,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

342

Median Asking Price

$1.82M

Median $/Sqft

$1,585

Avg Days on Market

N/A

New This Week

20

Price Reduced

29%

Sold (30 Days)

39

Median Sale Price

$1.59M

Live data from RLS at REBNY • Updated 5/10/26, 10:35 AM EST

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Location

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988 5TH Avenue #12THFL, Upper East Side, New York County • Near 5 AVENUE and MADISON AVENUE

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1926
Year Built
100 years old
13
Floors
13
Residential Units
R10
Zoning District
Condominiums Historic District: Metropolitan Museum Historic District

Tax & Assessment

Assessed Value: $6,870,600
Land Value: $1,350,000
Exemptions: $585,648

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

Lot Area: 5,117 SF
Building Area: 41,668 SF
Built FAR: 8.14
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 $6,900 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $61,272, or roughly $5,106 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 3,400 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1925, making it approximately 101 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $14,625,000 for 3,400 sq ft, the asking price per square foot is approximately $4,301. 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: RLS10821526
First Listed: 4/16/2021
Price Changed: 4/22/2022
Closed: 4/22/2022
Contract Date: 4/16/2021

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Susan Silverman

Listing Contact: (917) 863-4634

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 5/10/2026 at 2:35 PM UTC

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