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The Stanhope, 995 Fifth Avenue, #16

$24,250,000 ($2,901 per ft2) | 8 beds, 6+ baths | Approx. 8,360 ft2
Building Profile  | 
125 days on Market

Key Details

  • Listed: Jul 17, 2024
    Days on Market: 125
    Building Type: Condop
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 319 times
Monthly Maintenance: $44,818 ($5.36/ft2)
Est. Monthly Mortgage: $129,199
Total Est. Monthly Carrying Cost: $174,017 ($20.82/ft2)
Note: the above is based on a down payment of 20% ($4,850,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location and Design: This prestigious Fifth Avenue apartment, designed by renowned architect Rosario Candela, offers panoramic views of Central Park, The MET, and the city skyline. The building is close to retail shops on Madison Avenue and has undergone a meticulous transformation into 26 exclusive residences that seamlessly blend classic architectural features with modern amenities.
  • Spacious and Luxurious Interiors: The apartment boasts 8,360 sqft of living space, high ceilings, and is flooded with natural light. It features black-stained oak wood and black antique stone tile flooring, and is accessed via a private elevator that opens to a spacious 42-foot great room.
  • High-End Kitchen and Suites: The residence includes a chef’s kitchen complete with top-of-the-line appliances, ample storage, and a central island. 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.
  • Building Amenities and Services: The building 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. Amenities include a health club with treatment rooms, bicycle storage, and stroller storage, a billiards room and a private La Palestra health and fitness spa.
  • Management and Services: The building is managed by a resident manager and offers concierge services along with a 24-hour attended doorman. It also has a live-in superintendent and a bike room.
  • Ownership Flexibility and Convenience: The residence offers unparalleled flexibility, allowing ownership by pieds-à-terre. The building also includes a fitness center and in-unit washer/dryer for added convenience.

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-à-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.

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Apartment Amenities

  • City View
Listing courtesy of Corcoran Group

Pricing History

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About The Stanhope, 995 Fifth Avenue

81

The Stanhope, 995 Fifth Avenue has received a CityRealty Rating of 81, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

26
Out of 44
+
27
Out of 36
+
18
Out of 39
+
10
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2007
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Central AC
  • Health Club
  • Intercom
  • Elevator
  • Fitness Center
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent

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Pros
  • Pre-war building designed by Rosario Candela
  • Sidewalk landscaping
  • Doorman
  • Canopied entrance
  • Concierge
  • Few apartments
  • Across from Metropolitan Museum of Art
  • Great views of Central Park
  • Fitness center
Cons
  • Considerable traffic
  • No roof deck
  • No balconies
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Subways

  1. 6
at Lexington Ave 0.33 miles
  1. 4
  2. 5
at Lexington Ave 0.38 miles

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