Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
16 5TH Avenue #PH1

For Sale · Listing by Corcoran Sunshine Marketing Group

16 5TH Avenue #PH1

Greenwich Village, Manhattan

$59,950,000

Interested in this property?
Active For Sale Condo

$59,950,000

$7,199 per sq ft

16 5TH Avenue #PH1

Greenwich Village, Manhattan

Sixteen Fifth Avenue

MLS® #RLS20105933

RLS at REBNY

Listing by Corcoran Sunshine Marketing Group

5
Bedrooms
7.5
Baths
8,327
Sq. Ft.
2025
Year Built

Quick Summary

Bedrooms 5
Bathrooms 8 full, 1 half
Living Area 8,327 sq ft
Year Built 2025
Ownership Condo
HOA/Common Charges $16,897/mo
Property Taxes Contact for details
Neighborhood Greenwich Village
Floor 1 of 18

Property Highlights

  • Views: City Lights, City, Park Greenbelt
  • Exposure: East,North,South,West facing
  • Outdoor Space: Terrace, Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 16
Baths 7 Full, 1 Half
Floor 1 of 18
View City Lights, City, Park Greenbelt
Exposure East,North,South,West
Cooling Central Air
Pets Yes
Year Built 2025 (New)
Living Area 8,327 sq ft
Structure Type HighRise
Basement Other
Block/Lot 00572/0041

Listing History

Event Date Price Change
Listed Sep 11, 2026 $59,950,000 -
Currently Sep 11, 2026 $59,950,000 -

Description

Perched atop Robert A.M. Stern Architect's celebrated Sixteen Fifth Avenue, this extraordinary triplex penthouse is a masterwork of classical architecture and modern luxury, occupying the building's top three floors at the iconic crossroads of lower Fifth Avenue and Greenwich Village. With approximately 8,327 square feet of elegant interiors and 752 square feet of private outdoor space, this 5-bedroom, 7.5 bath residence offers grand scale, rare privacy, and sweeping four-exposure views over Washington Square Park, Downtown Manhattan, and the New York City skyline. A private landing opens to a grand entrance gallery featuring a custom, windowed, architectural staircase-an immediate statement of craftsmanship and scale. Designed for both formal entertaining and refined daily living, Penthouse 1 features a breathtaking Great Room with herringbone white oak floors, a stone-clad fireplace, and oversized french casement windows. A great room with a library flows seamlessly from the living space, while the windowed Christopher Peacock chef's kitchen blends timeless design with modern performance, complete with Calacatta Gold marble, top-tier Miele appliances, and a breakfast nook opening to a limestone private terrace. The lower level of the home is a lavish primary suite, offering exceptional privacy with multiple dressing rooms, a private balcony and dual spa-like marble bathrooms featuring radiant heated floors, a freestanding soaking tub, oversized showers, and bespoke vanities. Additional levels include gracious guest bedroom suites, windowed home offices, and a private library. The crowning top level is an entertainer's dream, featuring a sun-filled solarium with wet bar and an expansive outdoor terrace with an outdoor kitchen-ideal for hosting against a backdrop of iconic city views. Finished with 5-inch wide-plank white oak floors, custom millwork, and state-of-the-art climate control throughout, this one-of-a-kind penthouse is complemented by a full suite of white-glove amenities, including a 24-hour attended lobby, fitness center curated by The Wright Fit, tranquility room, library lounge with bar and wine/spirit lockers, atrium dining room with a catering kitchen, golf simulator, and concierge services. Storage is available for purchase. Elegant decorative Juliet balconies, detailed setbacks decorating the brick and limestone facade, and jack arched windows create a sense of townhouse living perched on top of this Robert A.M. Stern Architects icon. Rarely does a residence of this scale, pedigree, and location come to market-an heirloom-quality Fifth Avenue home in the heart of Greenwich Village.

Features & Amenities

Interior Features

High Ceilings Storage Walk In Closets Building Other

Exterior Features

Balcony Juliet Balcony Private Outdoor Space Over60 Sqft Terrace Balcony

Building Amenities

Bike Storage Concierge Golf Simulator Room Kitchen Facilities

Appliances

Dishwasher

Building Information

Financial Details

Common Charges $16,897/mo
RE Taxes Contact for details

Greenwich Village, or 'The Village,' remains the heart of New York’s creative history and intellectual life. Defined by its winding, non-grid streets and the iconic Washington Square Park, the neighborhood offers a unique sense of place. The real estate market is highly sought after, featuring some of the city's most beautiful historic townhouses, gold-coast cooperatives, and discreet luxury developments that maintain the area's low-rise charm.

Greenwich Village Live Market Data

View Neighborhood

Active Listings

145

Median Asking Price

$1.50M

Median $/Sqft

$1,786

Avg Days on Market

N/A

New This Week

46

Price Reduced

27%

Sold (30 Days)

35

Median Sale Price

$1.92M

Live data from RLS at REBNY • Updated 9/11/26, 7:05 PM EST

Location

Loading map...

16 5TH Avenue #PH1, Greenwich Village, New York County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3

Building Information

Official NYC property records for this building

2024
Year Built
2 years old
18
Floors
R10
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $0
Land Value: $0
Exemptions: $0

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

Lot Area: 5,250 SF
Building Area: 94,500 SF
Built FAR: 18
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 $16,897 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 5 bedrooms and 7 full bathrooms and 1 half bathroom.

The listed interior living area is 8,327 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2025, making it approximately 1 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: no,Building Pets Allowed Comments:no. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $59,950,000 for 8,327 sq ft, the asking price per square foot is approximately $7,199. 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 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: RLS20105933
First Listed: 7/28/2026
On Market: 9/11/2026
Contract Date: 7/28/2026

Listing Courtesy of Corcoran Sunshine Marketing Group - Tara King Brown

Listing Contact: (917) 371-0551

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 9/11/2026 at 11:05 PM UTC

See it in person

Greenwich Village Market Update

35 sales last 30 days · $1.50M median · 4.1 months supply

Read Full Report

New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Greenwich Village Borough Manhattan
County New York
Floor 1 of 18
Year Built 2025
First Listed 7/28/2026
Living Area 8,327 sqft
Common Charges $16,897/mo

Monthly Costs Estimate

Down Payment 20%

$11,990,000

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 $16,897
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

$2,338,050

Run the numbers on a different offer price

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

Back to Search

Find more properties

Buying a Condo? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email