988 5TH Avenue #PENTHOUSE
MLS® #RLS20040490
Listing by Corcoran Group
3
Bedrooms
4.5
Baths
3,000
Sq. Ft.
1925
Year Built
Quick Summary
Property Highlights
- Views: City, Park Greenbelt, Panoramic
- Exposure: East,North,West facing
- Outdoor Space: Deck, Terrace, Wrap Around
Property Details
Description
Irreplaceable Duplex Penthouse in Boutique J.E.R. Carpenter-Designed Condominium Fifth Avenue & 80th Street
Perched atop a landmark Italian Renaissance-style prewar condominium designed by J.E.R. Carpenter and built in 1926, this one-of-a-kind duplex penthouse occupies an iconic location at Fifth Avenue and 80th Street-directly across from the Metropolitan Museum of Art-with sweeping, protected views of Central Park.
Set within a discreet white-glove boutique condominium of just 14 full-floor residences, each accessed via private elevator landing, the building is the most established among the few prewar condominiums on Fifth Avenue. Once home to the legendary Grace Kelly, it carries a legacy of timeless elegance and cultural distinction. The penthouse offers a rare chance to own a truly irreplaceable trophy property-one with panoramic views that can never be obstructed. Exceptional seclusion and security provide total privacy, both within the residence and the building itself.
Spanning two full floors, the home features over 3,000 square feet of park-facing outdoor space, seamlessly integrated with both Central Park and the interior living areas. Floor-to-ceiling windows frame unobstructed views of the park and skyline, offering breathtaking sunsets and a magnificent setting for entertaining.
The main level offers a gracious layout with a corner living room, formal dining room, chef's kitchen, and two bedroom suites. The primary suite includes a spa-style bath with Jacuzzi tub, private hammam, and a custom mahogany and cashmere-upholstered dressing room. The second bedroom is a private guest suite with direct terrace access and an en-suite bath featuring a skylight that infuses the space with natural light. A wraparound terrace completes the floor, accommodating outdoor dining for over twenty guests along with lounging and entertaining areas.
The upper level includes a third bedroom-currently configured as a guest suite-alongside a fully equipped gym with sauna and private hammam. This level opens to a spectacular wraparound terrace with multiple dining and lounging zones, an outdoor bar, a covered pergola, and a self-sustaining seasonal herb garden. Three private outdoor showers serve the primary suite, gym, and upper guest suite, respectively.
Dedicated mechanical rooms house independent water pumps and a museum-quality central air conditioning system, ensuring year-round comfort and efficiency throughout the penthouse.
Additional highlights include:
- Two private hammams (primary suite and upper guest suite)
- Impeccably landscaped terraces with automated irrigation and centrally controlled lighting
- A refined, quiet setting in one of the Upper East Side's most intimate and prestigious condominiums
The building has recently completed modernization of both passenger and service elevators and a full LL11 facade restoration.
This Fifth Avenue penthouse is a singular opportunity-an extraordinary residence of architectural pedigree, enduring quality, and unmatched privacy. With exceptional outdoor space, landmark views, and the rare flexibility of prewar condominium living, it stands among New York City's most coveted homes.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Upper East Side
View All Upper East Side ListingsThe Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its quiet, 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 NeighborhoodActive Listings
271
Median Asking Price
$1.80M
Median $/Sqft
$1,589
Avg Days on Market
N/A
New This Week
17
Price Reduced
31%
Sold (30 Days)
37
Median Sale Price
$1.38M
Live data from RLS at REBNY • Updated 2/16/26, 4:15 PM EST
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Location
988 5TH Avenue #PENTHOUSE, Upper East Side, New York County
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Listing Courtesy of Corcoran Group - Leighton C Candler
Listing Contact: (917) 868-9754
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 9:15 PM UTC