988 5th Avenue #6, New York City, NY 10075
Listing Courtesy of Compass
$18,500,000
Potential Rebate: $277,500
Overview
Exceptionally Rare Gem: Fully Renovated 3,550 SF (330 M) Pre-War Condominium with Unparalleled Central Park and Metropolitan Museum of Art Views.
Boasting 50 feet of Central Park frontage, soaring over 10-foot ceilings, exceptional light and finishes, this 6th floor fully renovated 5 bedroom 4 1/2 bath residence offers a beautiful vantage point of Central Park, the skyline, and the spectacular architecture and fountains of the Metropolitan Museum of Art.
Designed by the esteemed prewar architect J.E.R. Carpenter and fully renovated with central air conditioning, new wiring, built-in speakers, a Control4 system, custom moldings and finishes throughout, this 6th floor apartment offers an unparalleled combination of timeless elegance and modern comfort.
Enter from your private elevator landing into the grand foyer that opens to both the light filled corner Living Room and the oversized Dining Room each with a custom limestone fireplace.
The foyer also leads to the powder room and the oversized eat-in kitchen with custom cerused oak and hand painted cabinetry, two large SubZero refrigerators, two dishwashers, two sinks, and Miele appliances.
With custom pocket doors, the main entertaining rooms can all open into one another, bringing in light, Central Park views, and loft like expanses throughout. This allows a wonderful flow that will accommodate modern lifestyle needs yet can seamlessly transition back into classically designated spaces.
The gallery leads to 4 gracious bedrooms, one of which can be converted back into a library. There is a 5th bedroom or office space and bathroom at the rear of the apartment.
The apartment has a laundry area with vented dryer, ample custom closets throughout plus a dedicated storage space in the basement that transfers.
Located on the beautiful corner of 80th Street and Fifth Avenue with full floor private residences, 988 Fifth Avenue is a full service condominium with a full time doorman and live-in resident manager, building storage, a bike room, and is pet friendly.
There is a 2% Flip Tax Paid By Buyer.
Broker owner.
Home Features
- •Central Air
- •Common On Floor
- •Common Area
- •Gas Dryer Hookup
- •In Unit
- •Bidet
- •Built-in Features
- •Chandelier
Estimated Monthly Payment
$104,011 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$277,500
Monthly savings impact
$771/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Rebates Up To
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25+ Years
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS11016840
Price Analysis
Compare average listing prices and value metrics for 988 5th Avenue against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
273.60% Higher
than the Upper East Side price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Upper East Side.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
