Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $22,000,000

· Closed July 24, 2025

995 5TH Avenue #16
Closed For Sale Condop

$22,000,000

$2,632 per sq ft

995 5TH Avenue #16

Upper East Side, Manhattan

MLS® #RLS10989607

RLS at REBNY

Listing by Corcoran Group

8

Bedrooms

9.5

Baths

8,360

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 8
Bathrooms 10 full, 1 half
Living Area 8,360 sq ft
Year Built 1926
Ownership Condop
HOA/Common Charges $44,818/mo
Neighborhood Upper East Side
Floor 16 of 16

Property Highlights

  • Views: City, Park Greenbelt
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Condop
Ownership Condop
Total Rooms 14
Baths 9 Full, 1 Half
Floor 16 of 16
View City, Park Greenbelt
Cooling Central Air
Pets Yes
Year Built 1926
Living Area 8,360 sq ft
Structure Type HighRise
Basement Other
Block/Lot 01492/0000

Listing History

Event Date Price Change
Listed Jul 17, 2024 $24,250,000 -
Currently Apr 26, 2026 $22,000,000 -9.3%

Description

995 Fifth Avenue - The Stanhope
Rare Opportunity
Designed by Rosario Candela
9 Bedrooms / 9.5 Baths / 8,360 sqft
Over 70 linear feet on Fifth Avenue & Central Park with 10ft Ceilings

Featuring some of the tallest ceilings in the building, measuring almost 10 feet in the main entertaining spaces. The landlease at The Stanhope extends until 2154 with no increases until 2041. Monthly costs encompass taxes, land leases, and common charges, presenting an exceptional opportunity in Manhattan's most sought-after locations and buildings. A large staff suite apartment (Residence #1I) is available for separate sale.

Originally the grand ballroom of The Stanhope, the 16th floor encompasses over 8,360 square feet and showcases impressive 10-foot ceilings adorned with a striking coffered design, distinguishing it as the tallest residence below the penthouse level. Flooded with natural light and featuring black-stained oak wood and black antique stone tile flooring, the interior exudes warmth and sophistication, with sweeping picturesque and panoramic views of Central Park, The MET, and the city skyline.

Residence 16 can accommodate up to 9 Bedrooms and features 9 full baths, a powder room, and a specialty laundry room.

Custom-designed by JANGEORGe Interiors, this full floor is accessed via a private elevator and opens to a spacious 42-foot great room, expansive corner dining area, and dean, perfect for entertaining with ample space to showcase art throughout.

The chef's kitchen by Smallbone of Devizes is a culinary masterpiece, complete with top-of-the-line appliances, ample storage, and a central island perfect for casual dining. The primary suite serves as a private retreat with southern views, a wood-burning fireplace, dual marble-clad spa baths, an office, and ample dressing areas. Additional bedroom suites with luxurious baths offer flexibility for various needs, whether for guests or a home office.

Experience the pinnacle of luxury living at 995 Fifth Avenue, where every detail reflects sophistication and the promise of a refined urban lifestyle.

Some images have been virtually staged.

The Stanhope - 995 Fifth Avenue
Originally designed in 1926 by the renowned architect Rosario Candela as The Stanhope Hotel, 995 Fifth Avenue is a magnificent example of Georgian architecture, it has undergone a meticulous transformation into 26 exclusive residences that seamlessly blend classic architectural features with modern amenities. This boutique condop offers a luxurious lifestyle complete with a 24-hour doorman and concierge, fully equipped gym and spa facilities, and a backup generator ensuring uninterrupted power supply.

Nestled at the prestigious corner of Fifth Avenue and East 81st Street, directly facing Central Park and the Metropolitan Museum of Art, the building provides unparalleled access to some of Manhattan's iconic locations. Ownership is permitted through an LLC or Trust, and the building has a 2% flip tax payable by the purchaser.

Operating as a Condop (a co-op with condominium bylaws), the residence offers unparalleled flexibility, allowing ownership by pieds- -terre.

Residents enjoy additional amenities, including a health club with treatment rooms, bicycle storage, and stroller storage. The building is managed by a resident manager and offers concierge services along with a 24-hour attended doorman. Residents also have access to a billiards room and a private La Palestra health and fitness spa spanning approximately 2,500 square feet, enhancing the luxurious living experience at 995 Fifth Avenue.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 26
Stories 16
Structure HighRise

Financial Details

Common Charges $44,818/mo
Original Price $24,250,000
Sale Price $22,000,000
Previous Price $24,250,000
Land Lease Yes

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

$1,561

Avg Days on Market

N/A

New This Week

30

Price Reduced

27%

Sold (30 Days)

32

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 4/25/26, 8:00 PM EST

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Location

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995 5TH Avenue #16, Upper East Side, New York County

Building Information

Official NYC property records for this building

1926
Year Built
100 years old
17
Floors
35
Residential Units
R10
Zoning District
Elevator Apartments Historic District: Metropolitan Museum Historic District

Tax & Assessment

Assessed Value: $24,983,100
Land Value: $4,050,000
Exemptions: $2,290

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

Lot Area: 9,611 SF
Building Area: 142,708 SF
Built FAR: 14.85
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 $44,818 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 8 bedrooms and 9 full bathrooms and 1 half bathroom.

The listed interior living area is 8,360 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1926, making it approximately 100 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property: Maximum of two domestic cats or dogs per apartment.,Building Pets Allowed Comments:Maximum of two domestic cats or dogs per apartment.. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $22,000,000 for 8,360 sq ft, the asking price per square foot is approximately $2,632. 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: RLS10989607
First Listed: 7/17/2024
On Market: 7/17/2024
Price Changed: 7/24/2025
Closed: 7/24/2025
Contract Date: 7/17/2024

Listing Courtesy of Corcoran Group - Carrie Chiang

Listing Contact: (917) 293-0082

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 4/26/2026 at 12:00 AM UTC

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