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Parc V, 785 Fifth Avenue, #12AB

$14,995,000 ($2,836 per ft2) | 5 beds, 5 baths | Approx. 5,288 ft2
Building Profile  | 
209 days on Market

Key Details

  • Listed: Apr 19, 2024
    Last Price Change: ($2M) on Sep 16
    Days on Market: 209
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 300 times
Monthly Maintenance: $21,035 ($3.98/ft2)
Est. Monthly Mortgage: $49,479
Total Est. Monthly Carrying Cost: $70,514 ($13.33/ft2)
Note: the above is based on a down payment of 50% ($7,497,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Stunning Views: The apartment offers stunning views of Central Park from the entire length of the apartment, including a palatial living room with a 30-foot expanse of Central Park views and a master suite with breathtaking views both north and west.
  • Building Amenities: The Parc V, an elegant, full-service, white-glove building, offers a full-time doorman, resident storage, central AC, full-service garage, elevator, mail room, fitness center, valet services, fireplaces, live-in superintendent, and terraces/balconies. Utilities are included in the maintenance.
  • Additional Services: The building offers maid and limousine service, and daily direct delivery of mail and newspapers, ensuring a luxurious living experience.
  • Additional Rooms: The apartment also includes an elegant library, stylish office, and enormous guest suite, providing ample space for work, relaxation, and hosting guests.
  • Building Policies: The building allows pied-a-terres but does not permit pets, ensuring a clean and allergy-free environment.
  • Prime Location: This spacious 5-bedroom, 5-bathroom apartment is located in the prestigious Park/Fifth Ave. to 79th St. neighborhood, surrounded by luxury boutiques, top restaurants, and iconic hotels/bars. It's in close proximity to Grand Army Plaza, Bergdorf Goodman, Apple store, Metropolitan Club, and Sherry Netherland.

Description

Forget the dizzy towers of “Billionaire’s Row”; the unique vantage of this grand Fifth Avenue home offers the perfect perspective on Central Park. The entire length of the apartment offers an iconic panorama of the Park, including The Pond, Hallett Nature Sanctuary, and Wollman Skating Rink in the foreground, framed by the Plaza Hotel, the Metropolitan Club, and the stunning skyline of Central Park West. And the 12th floor is the ideal altitude: higher than the tallest trees in Central Park, but not so vertiginous that the details are lost.

In Summer, cherish the endless green oasis. In Fall, watch the leaves turn dazzling vermillion. In Winter, see the sun set over the ice skaters, when the Park is blanketed in snow. In Spring, behold the Park in glorious bloom. The centerpiece of this apartment is the palatial living room, with its 30-foot expanse of Central Park views.

But that is just the beginning. The elegant library, the stylish office, the two northern bedrooms, and the enormous guest suite also face directly onto the Park. And the master suite is the most breathtaking of all, at the corner of the building, with luxuriant vistas both north and west. In short, the twenty-one windows of this magnificent home offer perhaps the best views in New York City.

It simply must be seen to be believed. The Parc V is an elegant, full-service, white-glove building where residents enjoy the highest level of service, security, and discretion. And the location is literally at the epicenter of it all: surrounded by luxury boutiques (including Bergdorf Goodman, Prada, Louis Vuitton, Zegna, and Harry Winston); top restaurants (including Avra, Le Bilboquet, and Cipriani); and iconic hotels/bars (including the Sherry Netherland, the Pierre, and, of course, the Plaza).

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Apartment Amenities

  • Washer/Dryer in apt.
Listing courtesy of Sothebys International Realty

Pricing History

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About Parc V, 785 Fifth Avenue

78

Parc V, 785 Fifth Avenue has received a CityRealty Rating of 78, 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

23
Out of 44
+
29
Out of 36
+
16
Out of 39
+
10
=
78
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
High-End 5 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:
No and Bad 0 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 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:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unrelated Base 0 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 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 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:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 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:
None 0 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:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
None 0 out of 2 points

Building Amenities

  • FT Doorman
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Elevator
  • Mail Room
  • Fitness Center
  • Valet Services
  • Fireplaces
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Sensational location across from Grand Army Plaza
  • Close to Bergdorf Goodman
  • Close to Apple store
  • Horse-and-buggies nearby
  • Subway at corner
  • Across from Metropolitan Club
  • Adjacent to Sherry Netherland
  • Package room
  • Garage
  • Storage
  • Live-in superintendent
  • Fitness center
  • Full-time doorman
Cons
  • Many apartments
  • Plain white-brick facade
  • Considerable traffic
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Subways

  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.05 miles
  1. F
at 6th Ave 0.26 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.28 miles
  1. M
  2. E
at 5th Ave and 53rd 0.34 miles
  1. B
  2. D
at Broadway and 53rd 0.49 miles

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