Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
988 5TH Avenue #PENTHOUSE
3D Tour
Active For Sale Condo

$29,000,000

$9,667 per sq ft

988 5TH Avenue #PENTHOUSE

Upper East Side, Manhattan

988 5Th Ave Condo

MLS® #RLS20040490

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

4.5

Baths

3,000

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 3,000 sq ft
Year Built 1925
Ownership Condo
HOA/Common Charges $7,350/mo
Neighborhood Upper East Side
Floor 14 of 15

Property Highlights

  • Views: City, Park Greenbelt, Panoramic
  • Exposure: East,North,West facing
  • Outdoor Space: Deck, Terrace, Wrap Around

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 3 Full, 1 Half
Floor 14 of 15
View City, Park Greenbelt, Panoramic
Exposure East,North,West
Pets Yes
Year Built 1925
Living Area 3,000 sq ft
Structure Type HighRise
Basement Other
Block/Lot 01491/1413

Description

Irreplaceable Duplex Penthouse in Boutique J.E.R. Carpenter-Designed Condominium Fifth Avenue & 80th Street

Perched atop a landmark Italian Renaissance-style prewar condominium designed by J.E.R. Carpenter and built in 1926, this one-of-a-kind duplex penthouse occupies an iconic location at Fifth Avenue and 80th Street-directly across from the Metropolitan Museum of Art-with sweeping, protected views of Central Park.

Set within a discreet white-glove boutique condominium of just 14 full-floor residences, each accessed via private elevator landing, the building is the most established among the few prewar condominiums on Fifth Avenue. Once home to the legendary Grace Kelly, it carries a legacy of timeless elegance and cultural distinction. The penthouse offers a rare chance to own a truly irreplaceable trophy property-one with panoramic views that can never be obstructed. Exceptional seclusion and security provide total privacy, both within the residence and the building itself.

Spanning two full floors, the home features over 3,000 square feet of park-facing outdoor space, seamlessly integrated with both Central Park and the interior living areas. Floor-to-ceiling windows frame unobstructed views of the park and skyline, offering breathtaking sunsets and a magnificent setting for entertaining.

The main level offers a gracious layout with a corner living room, formal dining room, chef's kitchen, and two bedroom suites. The primary suite includes a spa-style bath with Jacuzzi tub, private hammam, and a custom mahogany and cashmere-upholstered dressing room. The second bedroom is a private guest suite with direct terrace access and an en-suite bath featuring a skylight that infuses the space with natural light. A wraparound terrace completes the floor, accommodating outdoor dining for over twenty guests along with lounging and entertaining areas.

The upper level includes a third bedroom-currently configured as a guest suite-alongside a fully equipped gym with sauna and private hammam. This level opens to a spectacular wraparound terrace with multiple dining and lounging zones, an outdoor bar, a covered pergola, and a self-sustaining seasonal herb garden. Three private outdoor showers serve the primary suite, gym, and upper guest suite, respectively.

Dedicated mechanical rooms house independent water pumps and a museum-quality central air conditioning system, ensuring year-round comfort and efficiency throughout the penthouse.

Additional highlights include:

- Two private hammams (primary suite and upper guest suite)

- Impeccably landscaped terraces with automated irrigation and centrally controlled lighting

- A refined, quiet setting in one of the Upper East Side's most intimate and prestigious condominiums

The building has recently completed modernization of both passenger and service elevators and a full LL11 facade restoration.

This Fifth Avenue penthouse is a singular opportunity-an extraordinary residence of architectural pedigree, enduring quality, and unmatched privacy. With exceptional outdoor space, landmark views, and the rare flexibility of prewar condominium living, it stands among New York City's most coveted homes.

Features & Amenities

Interior Features

Separate Formal Dining Room Building None In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft Deck Terrace Wrap Around

Building Amenities

Storage

Appliances

Washer Dryer Allowed

Building Information

Building 988 5Th Ave Condo
Total Units 15
Stories 15
Structure HighRise

Financial Details

Common Charges $7,350/mo

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its quiet, 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

271

Median Asking Price

$1.80M

Median $/Sqft

$1,589

Avg Days on Market

N/A

New This Week

17

Price Reduced

31%

Sold (30 Days)

37

Median Sale Price

$1.38M

Live data from RLS at REBNY • Updated 2/16/26, 4:34 PM EST

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Location

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

Virtual Tour

MLS® ID: RLS20040490
First Listed: 8/1/2025
On Market: 8/1/2025
Price Changed: 8/1/2025
Contract Date: 8/1/2025

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.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 9:34 PM UTC

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