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The Stanhope, 995 Fifth Avenue, #16

$24,750,000 ($2,961 per ft2) -17.4% | 6+ beds, 6+ baths | Approx. 8,360 ft2
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360 days on Market

Key Details

  • Listed: May 5, 2023
    Last Price Change: -8.3% ($2.245M) on Jan 10
    Days on Market: 360
    Building Type: Condop
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,351 times
Monthly Real Estate Taxes: $42,043
Est. Monthly Mortgage: $136,686
Total Est. Monthly Carrying Cost: $178,729 ($21.38/ft2)
Note: the above is based on a down payment of 20% ($4,950,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: 995 Fifth Avenue, Carnegie Hill neighborhood
  • This luxurious property is situated in the prestigious Carnegie Hill neighborhood, directly across from Central Park and the Metropolitan Museum, and close to retail shops on Madison Avenue.
  • Size and Layout: 6+ bedrooms, 6+ bathrooms, approximately 8,360 square feet
  • The expansive residence boasts over 8,360 square feet of living space, featuring 6+ bedrooms, 6+ bathrooms, a Smallbone of Devizes kitchen, a primary suite with a sitting room, and a laundry room with endless closets.
  • Building Type and Amenities: Condop with full-time doorman and private elevator entry
  • The building, a condop type, was built in 1927 and converted in 2007, with 26 apartments across 17 floors. It offers a full-time doorman, private elevator entry, a health club, intercom, fitness center, in-unit washer/dryer, bike room, and a live-in superintendent.

Description

Elegance surrounds you in this expansive full-floor 7/8 bedroom, 9.5 bathroom masterpiece perched on the top story of the premier 995 Fifth Avenue. The former ballroom for The Stanhope, the 16th floor is the only residence in the building that enjoys such lofty ceiling heights, rising 10 feet in a striking coffered design. Bathed in natural light and finished and restored to perfection, the luxury Upper East Side gem impresses with magnificent views, custom features galore, a specialized home automation system, and private elevator entry welcoming you into awe-inspiring living space by JANGEORGe Interiors.Oversized windows on 4 exposures showcase sweeping vistas capturing Central Park, The Metropolitan Museum of Art, George Washington Bridge, and dramatic city skylines.

Stunning black-stained white oak wood and black antique stone tile flooring enhance warmth and sophistication. Display your fine works of art on generous wall space afforded in the gracious gallery and magnificent 42’ great room where entertaining is divine. This breathtaking open-concept backdrop provides versatility for various living and seating arrangements and is perfect for hosting, complemented by a spacious open dining room in the corner and handsome library on the park.

The knockout Smallbone of Devizes kitchen with a large open breakfast area is not just stylish, but well-proportioned and highly functional, featuring abundant cabinet and countertop space and a center island with seating. Chef’s quarters are also appointed with top-of-the-line stainless steel appliances for the consummate host including Viking ovens, cooktop, warming drawer and range hood, a Subzero refrigerator and wine cooler, plus Miele dishwashers, microwave, and built-in espresso/coffee maker. Your glorious primary suite with southwestern views, a sitting room with wood-burning fireplace, dressing area and his/her marble-clad spa baths is the ultimate place to renew.Additional bedroom suites with upscale baths provide versatility for use as sleeping quarters, an office and other purposes.

Other highlights are a laundry room, endless closets, and an individually-controlled heating/cooling system heightening the comfort. Built in 1926 as The Stanhope by famed Rosario Candela, 995 Fifth Avenue was exquisitely converted to 27 private homes melding classic features with modern infrastructure. A 24-hour doorman and concierge, gym and spa facilities, and a generator for full backup power elevate the lifestyle.

The supreme address at Fifth Avenue and East 81st Street is directly across from Central Park and the Metropolitan Museum, moments from many other best-of-Manhattan attractions. The building permits ownership by an LLC or a Trust and there’s a 2% flip tax.

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Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Stanhope, 995 Fifth Avenue

81

The Stanhope, 995 Fifth Avenue has received a CityRealty Rating of 81, 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

26
Out of 44
+
27
Out of 36
+
18
Out of 39
+
10
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 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:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 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:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 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 30 blocks 3 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 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:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 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:
Yes 1 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:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2007
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Central AC
  • Health Club
  • Intercom
  • Elevator
  • Fitness Center
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent

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Pros
  • Pre-war building designed by Rosario Candela
  • Sidewalk landscaping
  • Doorman
  • Canopied entrance
  • Concierge
  • Few apartments
  • Across from Metropolitan Museum of Art
  • Great views of Central Park
  • Fitness center
Cons
  • Considerable traffic
  • No roof deck
  • No balconies
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Subways

  1. 6
at Lexington Ave 0.33 miles
  1. 4
  2. 5
at Lexington Ave 0.38 miles

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