Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $24,500,000

· Closed May 3, 2018

785 5TH Avenue #17AB
Closed For Sale Co-op

$24,500,000

$4,900 per sq ft

785 5TH Avenue #17AB

Upper East Side, Manhattan

PARC V

MLS® #RLS10085272

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2.5

Baths

5,000

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2 full, 1 half
Living Area 5,000 sq ft
Year Built 1963
Ownership Co-op
Maintenance $12,192/mo
Parking Garage
Neighborhood Upper East Side
Floor 17 of 18

Property Highlights

  • Views: City
  • Exposure: East,North,South,West facing
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full, 1 Half
Floor 17 of 18
View City
Exposure East,North,South,West
Cooling Central Air
Pets Yes
Cross Street East 59th Street & East 60th Street
Year Built 1963
Living Area 5,000 sq ft
Parking Garage Available
Parcel # 1374-0069-00785-000-00017AB

Listing History

Event Date Price Change
Listed Sep 7, 2016 $27,500,000 -
Currently May 13, 2026 $24,500,000 -10.9%

Description

Spectacular Central Park views abound from this iconic Charles Gwathmey designed trophy apartment. Brought to market for the first time, this high floor, loft-like space has exposures in all directions, over 80 of Fifth Avenue frontage, and direct Park views from almost every room. Approximately 5,000 square feet, the property currently features an oversized great room, chefs eat-in kitchen, master bedroom and second bedroom. A third bedroom has been transformed into a professionally designed sound proofed screening room with a state-of-the-art projectionist booth. There is a wet bar and powder room conveniently located off the entertaining spaces. The master bedroom suite encompasses a gracious sitting area and a luxurious dressing room and bathroom. The second bedroom has a large windowed bathroom. There is also a separate laundry room off the service hall. The Parc V is one of Fifth Avenues most refined white glove cooperatives. Located in the Upper East Side Historic District, the Parc V is situated between The Sherry Netherland and The Pierre. Adjacent to Central Park and the newly restored Grand Army Plaza, this quintessential location is close to New York's most coveted retail boutiques and restaurants, next to Cipriani, across from The Metropolitan Club, close to Bergdorf Goodman and around the corner from Barney's. An exceptional staff and live-in superintendent provide unparalleled service and security at all times, including mail and newspapers delivered daily to your door. Maintenance includes all utilities. Amenities offered are a newly renovated fitness center, private storage facility and parking garage. Pied-a-terres are permitted and international purchasers are welcome.

Features & Amenities

Interior Features

Eat In Kitchen Building Washer Dryer Install Allowed Common Area

Building Information

Financial Details

Maintenance $12,192/mo
Original Price $27,500,000
Sale Price $24,500,000
Previous Price $27,500,000

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

340

Median Asking Price

$1.70M

Median $/Sqft

$1,500

Avg Days on Market

N/A

New This Week

26

Price Reduced

28%

Sold (30 Days)

44

Median Sale Price

$1.60M

Live data from RLS at REBNY • Updated 5/13/26, 7:23 PM EST

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Location

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785 5TH Avenue #17AB, Upper East Side, New York County • Near East 59th Street & East 60th Street

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1963
Year Built
63 years old
18
Floors
66
Residential Units
R10H
Zoning District
Elevator Apartments Historic District: Upper East Side Historic District

Tax & Assessment

Assessed Value: $25,628,400
Land Value: $3,838,500
Exemptions: $2,290

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 13,229 SF
Building Area: 163,221 SF
Built FAR: 12.34
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $12,192 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 5,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1963, making it approximately 63 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with the listing broker.

At the current list price of $24,500,000 for 5,000 sq ft, the asking price per square foot is approximately $4,900. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10085272
First Listed: 9/7/2016
Price Changed: 5/24/2018
Closed: 5/3/2018
Contract Date: 9/7/2016

Listing Courtesy of The Corcoran Group - Deborah Grubman

Listing Contact: (917) 597-7695

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/13/2026 at 11:23 PM UTC

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