Total Est. Monthly Carrying Cost:
$163,233 ($44.44/ft2)
Note: the above is based on a down payment of 20% ($5,700,000),
which is the minimum amount permitted by the building.
Description
The epitome of 1920s luxury New York architecture by one of its premier practitioners, 988 Fifth Avenue tells the story of an unforgettable era. J.E.R. Carpenter’s 1925 masterpiece is a flawless example of the Italian Renaissance style manifested in early 20th century Manhattan.
Home to prominent New Yorkers from the beginning, 988 drew the attention of Sylvia Green Wilks, daughter of the legendary Wall Street scion Hetty Green.
Even Grace Kelly, destined to become a princess, knew a palace when she saw one. She and Wilks were just two of the notable residents of this superb building.
This is one of only two condos of J.E.R. Carpenter’s design.
As the preeminent condominium on the Upper East Side with only 13 residences, the move-in-ready 14th floor at 988 Fifth represents a truly rare opportunity to own the penultimate floor in this full-service building.
From a private elevator landing, enter the nine room apartment to marvel at the views over Central Park. The large marble gallery opens to the living and dining rooms, library, kitchen, and bedroom wing, as well as a perfectly appointed powder room.
A sub-cornice creates a ledge below the windows of the 14th floor. This buffer assures tranquillity, and gives the illusion of floating above the park, transcending the hubbub below.
The apartment’s scale is grand in every way.
Ceilings are eleven feet, and the many windows are wide and invite 360 degrees of light and views.. In the living room, four windows face west directly over Central Park, and two face north along Fifth Avenue, with views beyond the Reservoir to the George Washington Bridge. A large wood-burning fireplace makes this a room for all seasons.
Adjacent to the living room, the library glows with French-polished mahogany. Also reachable from the living room is the large dining room (with a second fireplace) featuring western vistas over the treetops of Central Park, as well as an iconic south-facing view down Fifth Avenue to Central Park South and beyond, to the Freedom Tower.
The kitchen includes state-of-the-art Sub-Zero refrigerator, Wolf range, Thermador convection oven, Bosch dishwasher, and an oversized island.
The large breakfast room off the kitchen is bathed in morning light. Separate staff quarters with an en suite marble bathroom, and a laundry room lie beyond.
Three en suite bedrooms include a luxurious master suite with custom-built closets and a corner exposure to the north, south and east.
The master bedroom also features the third wood-burning fireplace on the East wall (currently enclosed). The spare-no-detail bathrooms are encased in pristine slabs of Calacatta marble, and include fixtures from Waterworks and Grohe.
Throughout the property there are French-polished mahogany doors with period-correct Nanz hardware including olive-knuckle hinges.
The entire apartment is connected to a Crestron/Lutron system with built-in speakers. The apartment is measured at 3,673 square feet, with central air conditioning throughout. In addition to copious storage in the apartment, there is dedicated basement storage space.
Please provide 48 hours notice for all viewing requests.
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