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Parc V, 785 Fifth Avenue, #5C

$3,950,000 | 2 beds, 2.5 baths
Building Profile  | 
75 days on Market

Key Details

  • Listed: Sep 7, 2024
    Last Price Change: ($400,000) on Nov 1
    Days on Market: 75
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 191 times
Monthly Maintenance: $6,893
Est. Monthly Mortgage: $13,100
Total Est. Monthly Carrying Cost: $19,993
Note: the above is based on a down payment of 50% ($1,975,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Apartment Features: This expansive 2,400 sqft apartment boasts 2 bedrooms and 2.5 bathrooms, with the flexibility to create a 3-bedroom or palatial 1-bedroom living space. It features elegant interior design with high ceilings, decorative moldings, and Lalique frosted glass sliding panels.
  • Dining and Kitchen: The apartment includes a large, formal dining room and a windowed eat-in kitchen equipped with high-end appliances.
  • Building Amenities: The building, designed by renowned architect Emery Roth, offers a fitness room, full-time lobby attendants, a resident manager, in-unit mail delivery, full-time doormen, a package room, a live-in superintendent, maid and limousine service, a garage, and daily direct delivery of mail and newspapers.
  • Convenience Features: The apartment comes with an in-unit washer/dryer, private storage, and a full-service garage and elevator for convenience. The building is pet-friendly for service animals.
  • Financial Details: Maintenance includes utilities and financing up to 50% is permitted.
  • Location: This prestigious Fifth Avenue apartment overlooks Central Park and The Plaza, and is in close proximity to high-end shopping, fine dining, and cultural landmarks. It's also conveniently located near the subway for easy transportation.

Description

Superbly elegant, White Glove Classic 6 at the Parc V, offering direct views of beautiful Central Park and The Plaza. This expansive 2,400 sqft apartment is currently configured as a grand 2-bedroom. The stately living room and primary bedroom suite, both overlooking Central Park, Fifth Avenue, the Grand Army Plaza, iconic landmarks like the Plaza and Columbus Circle in the distance, and enjoying panoramic city views, are connected by 2 exquisite Lalique frosted glass sliding panels.

When opened, they create an impressive 30 feet of frontage with panoramic views. Upon entry, the elegant foyer leads to a welcoming gallery, revealing breathtaking views through the living room’s oversized windows. The formal dining room comfortably accommodates large gatherings, while the windowed eat-in kitchen, expanded from the original staff room, features marble floors, high-end appliances, and a breakfast bar. Additional highlights include two en-suite marble bathrooms, an elegant powder room, in-unit Washer/Dryer, high ceilings, and decorative moldings.

The layout offers flexibility to create a 3-bedroom or palatial 1-bedroom living space. Designed by the preeminent architect Emery Roth and built in 1963, Parc V is a prestigious white-glove cooperative. Amenities include a new superbly designed lobby, full-time lobby attendants, a resident manager, fitness room, private storage, parking garage with direct elevator access, and in-unit mail delivery. Maintenance includes utilities; only service pets are allowed.

Financing up to 50% is permitted, with a 2.5% flip tax (paid by buyer).

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Listing courtesy of Compass

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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