Username:
Password:

How City Realty Works:
· For Buyers>
· For Renters>
· For Brokers>
· For Building Owners>
· The City Realty Advantage>
· Buyers Guide>
· Renters Guide>
· Co-op & Condos>
· Luxury Condo Guide>
· New Developments>
· Rental Buildings>
· Relocation Guide>
· Neighborhood Guide>
Register now to find the perfect apartment - it's easy and it's free >>
To buy, rent or sell
an apartment
please call us at:
2 1 2 - 7 5 5 - 5 5 4 4
or email us at:
contact@cityrealty.com
998 Fifth Avenue
at the Northeast corner of 81st Street
Bookmark and Share
  

Pricing Information

  

Approx. Prices for Apartments at 998 Fifth Avenue

5 Bedrooms from $25,000,000 (updated 01/12/2010)
 
  

Overview

   About 998 Fifth Avenue

One of the world's grandest apartment buildings, 998 Fifth Avenue was designed by McKim, Mead & White, the architectural firm that designed the Pennsylvania Station that was demolished in 1964.

An inflated Italian Renaissance-style palazzo structure, the building would delight the Medicis and is widely credited with convincing New York's very rich that apartments were acceptable habitats.

"At the time 998 was built, apartment house living had not yet been widely accepted by the very wealthy, but as The Real Estate Record noted, 998 helped to change the 'deep-seated repugnance' that 'families of high social position' had for apartments," noted Andrew S. Dolkart in his book, "Touring the Upper East Side, Walks in Five Historic Districts," published in 1995 by the New York Landmarks Conservancy.

Although only 12 stories tall, its limestone rustication, yellow Sienna marble panels on the 8th and 12th floors and large cornice topped by a pitched, cooper roof convey a marvelous sense of monumentality. Almost square, the building has a large court on which only servants and service rooms faced, but the court was lined with stone rather than brick to improve the view.

When it opened as a rental in 1912, the building stood as an isolated and not necessarily popular tower along Millionaire's Row on the avenue until Douglas I. Elliman, the rental agent in his older brother's real estate firm, Pease & Elliman, convinced Senator Elihu Root to move from his Park Avenue home at 71st Street by reducing his rent from $25,000 a year to $15,000. After loss-leader Root signed up, the building filled quickly with such residents as Murray Guggenheim, former U.S. Vice President Levi P. Morton and a granddaughter of Commodore Cornelius Vanderbilt.

The building was developed on a site that had been owned by August Belmont II, the financier who was involved in building subways, by Century Holding Company, headed by lawyers Charles R. Fleischmann and James T. Lee. It was converted to a cooperative in 1953. In 1974, the city's Landmarks Preservation Commission described it as the city's "finest Italian Renaissance-style apartment house."

Andrew Alpern noted in his book, "Historic Manhattan Apartment Houses," (Dover Publications, Inc., 1996), that the building has a "central vacuum-cleaning system, jewelry and silver safes anchored in the walls of each apartment, remote laundries with ventilated steam-drying devices, basement storage rooms, refrigerated wine cellars and additional servants' quarters of the roof." The handsome, large marquee over the sidestreet entrance still exists, although it has lost some of its decorative elements as Alpern noted and illustrated in his book.

"The lobby was lined in Italian marble, the halls were floored in durable Tennessee marble (Like Grand Central Terminal), and the elevators were paneled in French walnut. Some doors throughout all apartments were framed in marble, and each front door was fireproofed with a sheet of galvanized steel that was painted to simulate fine wood. Ceilings measured ten and a half feet high, except on the fifth floor, where there were a foot higher. The interior design of 998 provided three apartments for every two stories, which added up to six duplexes, located in the advantaged southern corner, and eleven seventeen-room simplexes," wrote Elizabeth Hawes in her book, "New York, New York, How the Apartment House Transformed the Life of the City (1869-1930)," Henry Holt and Company, 1993).

Stanford White, the legendary partner of the architectural firm, had been killed a few years before this project, but the firm obviously still had plenty of genius left and William Richardson, a partner in the firm, was responsible for this design.

The building is a very elegant masterpiece.

 
   

For More Information

For more information about buying an apartment in 998 Fifth Avenue, please call us at 212-755-5544, or contact us by email  »

Building Summary

Features Amenities

Building Features

>Cooperative
>Built in 1911
>Located in Carnegie Hill
>28 Apartments
>12 Floors
>37% tax deductable
>Full-time Doorman
>Pre War
>Basement Storage
>Elevator
>Magnificent, large apartments
>Park views
>Prime location
>Storage rooms
>Doorman

998 Fifth Avenue

Schedule An Appointment  »
Save Bldg. (Email Updates)  »
Peer Buildings  »
Area Maps  »
Building Ratings  »
Pros & Cons  »
Sell Your Apartment  »
Inquire About Buying Here  »

Peer Buildings



River House

720 Park Avenue

834 Fifth Avenue

993 Fifth Avenue

740 Park Avenue


Comments or questions? · Phone: 212.755.5544
Copyright © 1994-2010 CITY REALTY.COM INC. All Rights Reserved.
568 Broadway, Suite 802 New York, NY 10012
Terms of Use · Our Privacy Policy · About CITY REALTY.COM · Advertise With Us · Site Map
Developed by REOL Services


An equal housing opportunity.

All information furnished regarding New York City 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.