Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
988 5TH Avenue #PH

For Sale · Listing by Corcoran Group

988 5TH Avenue #PH

Upper East Side, Manhattan

$27,950,000

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Active For Sale Condo

$27,950,000

988 5TH Avenue #PH

Upper East Side, Manhattan

988 5Th Ave Condo

MLS® #RLS20092420

RLS at REBNY

Listing by Corcoran Group

3
Bedrooms
3.5
Baths
N/A
Sq. Ft.
1925
Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Year Built 1925
Ownership Condo
HOA/Common Charges $7,384/mo
Property Taxes Contact for details
Neighborhood Upper East Side
Floor 15 of 15

Property Highlights

  • Views: City Lights, City, Park Greenbelt, Panoramic
  • Exposure: East,North,South,West facing
  • Outdoor Space: Wrap Around, Rooftop

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 3 Full, 1 Half
Floor 15 of 15
View City Lights, City, Park Greenbelt, Panoramic
Exposure East,North,South,West
Pets Yes
Year Built 1925
Structure Type HighRise
Basement Other
Block/Lot 01491/1413

Listing History

Event Date Price Change
Listed May 20, 2026 $27,950,000 -
Currently Aug 20, 2026 $27,950,000 -

Description

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.

Features & Amenities

Interior Features

Separate Formal Dining Room Building None Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft Wrap Around Rooftop

Building Amenities

Storage

Appliances

Dishwasher Washer Dryer Allowed

Building Information

Financial Details

Common Charges $7,384/mo
RE Taxes Contact for details

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

218

Median Asking Price

$1.75M

Median $/Sqft

$1,603

Avg Days on Market

N/A

New This Week

6

Price Reduced

40%

Sold (30 Days)

37

Median Sale Price

$1.34M

Live data from RLS at REBNY • Updated 8/19/26, 9:34 PM EST

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Location

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

Virtual Tour

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 $7,384 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 3 bedrooms and 3 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 Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.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: RLS20092420
First Listed: 5/20/2026
On Market: 5/20/2026
Price Changed: 5/20/2026
Contract Date: 5/20/2026

Listing Courtesy of Corcoran Group - Noble Black

Listing Contact: (347) 526-3308

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 8/20/2026 at 1:34 AM UTC

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Upper East Side Market Update

37 sales last 30 days · $1.75M median · 5.9 months supply

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New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Upper East Side Borough Manhattan
County New York
Floor 15 of 15
Year Built 1925
First Listed 5/20/2026
Common Charges $7,384/mo

Monthly Costs Estimate

Down Payment 20%

$5,590,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $7,384
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $25M and above at 3.90%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$1,090,050

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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