Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $17,500,000

· Closed September 22, 2025

988 5TH Avenue #4
Closed For Sale Condo

$17,500,000

988 5TH Avenue #4

Upper East Side, Manhattan

988 5Th Ave Condo

MLS® #RLS10986632

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

5.5

Baths

N/A

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 3
Bathrooms 6 full, 1 half
Year Built 1925
Ownership Condo
HOA/Common Charges $7,380/mo
Property Taxes $54,996/yr
Neighborhood Upper East Side
Floor 4 of 15

Property Highlights

  • Views: Park Greenbelt
  • Exposure: East,North,West facing
  • Fireplace: 2 fireplaces

Property Details

Type Condo
Ownership Condominium
Total Rooms 9
Baths 5 Full, 1 Half
Floor 4 of 15
View Park Greenbelt
Exposure East,North,West
Pets Yes
Year Built 1925
Structure Type HighRise
Basement Other
Parcel # 1491-1403
Block/Lot 01491/1403

Listing History

Event Date Price Change
Listed Feb 28, 2023 $22,000,000 -
Price Reduced Sep 29, 2025 $20,000,000 -9.1%
Currently Apr 25, 2026 $17,500,000 -12.5%

Description

Elegant and rare full floor Pre-war Condo overlooking Central Park. Built in 1925 by one of the foremost grand architects of the prewar era, J.E.R Carpenter, this corner 4 bedroom, 5 and one-half bath residence has about fifty feet Central Park frontage, and seamlessly combines old world grandeur with all of today's modern-day conveniences..

The private elevator vestibule opens to a spacious gallery opening onto all of the entertaining rooms. The grand formal living room faces Central Park and the famed Metropolitan Museum fountains to the North. This spacious front living room has a fine wood-burning fireplace and opens to a cozy English pine paneled library to the east. Adjacent to the living room is a large formal dining room also facing Central Park, and perfectly suited for entertaining of any size. Off the dining room is a spacious Chef's kitchen with breakfast area and spacious butler's pantry. Through the pantry one can access a home office, and a guest room with full bath, as well as laundry. A beautifully appointed guest bath is also located off the gallery.

A corridor off the north end of the foyer leads to three bedrooms, affording maximum privacy. The corner, primary bedroom suite is located at the easternmost end, and also has a wood burning fireplace, two bathrooms and generous closet space throughout. The two additional bedrooms have en-suite baths, walk-in closets and lovely views over the tree-lined street. 988 is a white glove, pet friendly, condominium located in the epicenter of the Upper East Side. Each condominium is full floor, only 12 owners in the building, affording excellent service to every resident. Each apartment has a designated storage bin which transfers.

Features & Amenities

Interior Features

Separate Formal Dining Room Smoke Free Building None In Unit Fireplace (2)

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Storage

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $7,380/mo
RE Taxes $54,996/yr ($4,583/mo)
Original Price $22,000,000
Sale Price $17,500,000
Previous Price $20,000,000

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

340

Median Asking Price

$1.57M

Median $/Sqft

$1,559

Avg Days on Market

N/A

New This Week

30

Price Reduced

26%

Sold (30 Days)

31

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 4/25/26, 12:38 PM EST

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Location

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988 5TH Avenue #4, Upper East Side, New York County

Floor Plans

Floor Plan

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 $7,380 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $54,996, or roughly $4,583 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 5 full bathrooms and 1 half bathroom.

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: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

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: RLS10986632
First Listed: 2/28/2023
On Market: 2/28/2023
Price Changed: 9/29/2025
Closed: 9/22/2025
Contract Date: 2/28/2023

Listing Courtesy of Corcoran Group - Leighton C Candler

Listing Contact: (917) 868-9754

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 4/25/2026 at 4:38 PM UTC

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