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Parc V, 785 Fifth Avenue, #10C

$5,800,000 | 2 beds, 3.5 baths
155 days on Market

Key Details

  • Listed: Sep 19, 2023
    Days on Market: 155
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 176 times
Monthly Maintenance: $7,954
Est. Monthly Mortgage: $19,882
Total Est. Monthly Carrying Cost: $27,836
Note: the above is based on a down payment of 50% ($2,900,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location and Building Details: This cooperative apartment is located at 785 Fifth Avenue, #10C in the prestigious Park/Fifth Ave. to 79th St. neighborhood. The building was built in 1963 and features 66 apartments across 19 floors, a full-time doorman, and a live-in resident manager.
  • Spacious and Elegant Interior: The apartment spans approximately 2,400 square feet and features 2 bedrooms, 3.5 bathrooms, a double living room, a formal dining room, a library, and an oversized windowed eat-in kitchen. The interiors are adorned with 10.5 ft ceilings with tiered crown and base molding, wide-plank herringbone white-oak floors, and custom built-ins with paneled solid-core wood doors.
  • Stunning Park Views: The apartment boasts over 30 ft of contiguous park frontage, offering breathtaking views and plenty of natural light.
  • Modern Amenities: The apartment is equipped with central AC, a vented washer/dryer, and the building offers full-time lobby attendants, a newly renovated fitness room, private storage, a central laundry room, and a parking garage.
  • Convenient Proximity to High-End Shopping and Dining: The apartment is close to Bergdorf Goodman, high-end Fifth Avenue shopping, the Sherry Netherland, the Pierre Hotel, the Metropolitan Club, and fine dining.
  • Additional Information: The apartment is listed for $5,800,000 with a monthly maintenance of $7,791, which includes utilities. Pied-a-terres are permitted, but pets are not. There is a 2.5% flip tax payable by the purchaser.

Description

An exceptional offering of a stunning, high-floor Fifth Avenue home with direct, unobstructed views of Central Park in an illustrious, white-glove cooperative on the coveted Gold Coast of the Upper East Side. Regally proportioned and beautifully appointed, Residence 10C at the Parc V is a grand residence of approximately 2,400 square feet boasting over 30 ft of contiguous park frontage. Originally a 6-room, 2-bedroom home with a service room, 10C now offers a massive double living room, a formal dining room, a library, an oversized windowed eat-in kitchen with a dining banquette and a decadent primary suite.

As you make your way through the gracious foyer atop polished black granite floors, your eyes are immediately drawn to the wall-to-wall picture windows in the living room that showcase breathtaking, iconic open views of Central Park, anchored by the Plaza Hotel and a glorious medley of prewar and modern architecture.

The ceilings throughout the home rise approximately 10.5 ft, made intimate with tiered crown and base molding as well as gorgeous imported wide-plank herringbone white-oak floors. All of the millwork is breathtaking and includes an array of custom built-ins, paneled solid-core wood doors and meticulously carved embellishments in nearly every room.

Doubling the living room is additional lounging or entertaining space accented by a handsome custom book case as well as a built-in bar with overhead antiqued cabinetry and a distressed mirror facade. Immediately adjacent, a recessed library offers a cozy corner for both work and relaxation retaining sweeping views of the park and skyline of the West Side.

The principle entertaining spaces are serviced by a glamorous powder room discretely located off of the gallery.

In the East wing, an expansive triple-windowed eat-in kitchen offers a large built-in banquette for casual meals and is clad in custom Pedini cabinetry in ash grey with black granite countertops and striking grey limestone floors with dramatic calcite veining. The appliances are top-of-line and include an integrated French door Subzero refrigerator/freezer with ice maker, Miele cooktop with both electric and gas burners, JennAir oven, full-sized integrated Miele dishwasher and an oversized Kohler sink with drinking water filter. Adjacent to the kitchen behind a pair of massive solid-core doors, a stately formal dining room is the ideal setting for family gatherings or dinner parties.

The current primary suite is lavish with extensive customized closeting and storage, including a large walk-in.

There are two en-suite full bathrooms, both dressed to the ceiling in neutral-tone marble with gorgeous carved stone motifs and all Kohler hardware and fixtures including soaking tubs in each bathroom. The larger primary bathroom has been additionally appointed with a bidet as well as a beautiful custom vanity with cosmetics storage. Should one prefer a park-facing primary bedroom, the extended living space and adjacent library can easily be returned to a primary suite.

Please refer to the original floor plan in the listing.

Additional features of this turnkey residence include central AC, a vented washer/dryer, and a third full bathroom with a glass-enclosed stall shower just off of the kitchen.

The Parc V is one of Fifth Avenue’s finest white-glove cooperatives, perfectly situated at the southern edge of Central Park and surrounded by some of Manhattan’s most prestigious landmark buildings, including The Plaza, The Sherry Netherland and The Pierre, and at the center of the city’s finest culture, shopping and dining. Built in 1963 by renowned architectural firm Emery Roth & Sons, the limestone-clad Parc V offers its discerning residents full-time lobby attendants, a live-in resident manager, a newly renovated fitness room, private storage, a central laundry room and a parking garage. The lobby has just undergone a stunning designer renovation, and service includes mail and newspaper delivery right to your door.

Monthly maintenance is inclusive of utilities. Financing is up to 50%, and pieds-a-terre are welcome. Unfortunately, pets are not.

There is a 2.5% flip tax payable by purchaser.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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About Parc V, 785 Fifth Avenue

78

Parc V, 785 Fifth Avenue has received a CityRealty Rating of 78, 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

23
Out of 44
+
29
Out of 36
+
16
Out of 39
+
10
=
78
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
High-End 5 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:
No and Bad 0 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 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:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unrelated Base 0 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 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 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:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 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:
None 0 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:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
None 0 out of 2 points

Building Amenities

  • FT Doorman
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Elevator
  • Mail Room
  • Fitness Center
  • Valet Services
  • Fireplaces
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Sensational location across from Grand Army Plaza
  • Close to Bergdorf Goodman
  • Close to Apple store
  • Horse-and-buggies nearby
  • Subway at corner
  • Across from Metropolitan Club
  • Adjacent to Sherry Netherland
  • Package room
  • Garage
  • Storage
  • Live-in superintendent
  • Fitness center
  • Full-time doorman
Cons
  • Many apartments
  • Plain white-brick facade
  • Considerable traffic
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Subways

  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.05 miles
  1. F
at 6th Ave 0.26 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.28 miles
  1. M
  2. E
at 5th Ave and 53rd 0.34 miles
  1. B
  2. D
at Broadway and 53rd 0.49 miles

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